Two Rivers
Real Estate Trends

Housing Market Report for November 2019

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Two Rivers Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Two Rivers Housing Inventory

Two Rivers vs. guelph

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About this Report

See a current overview of the housing market with with Zolo's Two Rivers real estate market trends. If you're curious about your neighbourhood's average house price, housing inventory, or how long it takes to sell a home, all this has now been broken down for you. Our home price data is always updated. This report goes over sales history between September 15 - November 10 and measures it against the same period last year. These real estate statistics are paired with rankings of all neighbourhoods in the Guelph area based on home sold price, price growth, days on market, and turnover. This way, you get to see the Two Rivers housing market on a larger scale, and how it contrasts with other neighbourhoods in the city. All this information is intended to give you a thorough understanding of both the local Two Rivers and the Guelph area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To compare this neighbourhood to the city of Guelph, take a look at Guelph's trends page. To complement our market analysis, consider referencing other MLS® stats, like the MLS® Home Price Index, to get a more rounded view of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."