Jonathan Melichercik, Realtor

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Canada
Guelph, ON
Jonathan Melichercik, Realtor

10 years Residential & Commercial experience. U of G grad - Business of Real Estate & Housing (B.Com Your kind gesture will certainly be remembered!

I offer my clients an all-inclusive real estate advisory service regardless of which facet of real estate you are involved in (Residential/Commercial/Investment). I am a one-stop-shop for all of your real estate needs, whether it be a first-time home buyer, downsizing into a condominium, a 12-plex investment property, or a commercial property disposition. It is my goal to disseminate current, mean

ingful real estate intel, as I believe that educated Buyers and Sellers help create a much healthier real estate environment. My services include:
- property valuations
- residential property dispositions
- residential property acquisitions
- commercial property dispositions
- commercial property acquisitions
- commercial leasing

Not interested in buying or selling, but know someone that is? I truly value those who can connect a Buyer/Seller to the RIGHT realtor.

12/01/2023

FEATURE LISTING

291 Woodlawn Road West Unit A3, Guelph, ON

▪️1,180 sq. ft.
▪️clean service commercial space
▪️10’x10’ drive-in door
▪️high traffic location
▪️easy access to K-W
▪️ample parking on site
▪️washroom
▪️immediate occupancy available

11/27/2023

MARKET MONDAY

A drop in supply and an increase in demand pumped the sales:new listings ratio back up to 0.51 this past week.

This is also exactly where we were at two weeks prior.

A nice balanced market :)

As I alluded to, we might slowly but surely see things shift back into a seller’s market over the next 6 months.

If listings continue to drop or even remain about the same, while buyer confidence increases with interest rates holding..
.this would be the dynamic that shifts us into a +-0.7 sales:new listings ratio market I would expect.

And if rates begin to drop early to mid 2024, then buckle up for some definite upward pressure on prices!

Have a great week everyone and stay warm 🥶

11/20/2023

MARKET MONDAY

Back to a strong Buyer’s Market!

We have been seeing the sales:new listings ratio bouncing around a lot lately.

Generally it has been in the 0.35-0.5 range for the past couple of months.

All signs are pointing towards another rate hold for the last BoC announcement for 2023 on Dec.6th.

If so, this should sustain and possibly increase buyer confidence/activity.

We are coming into the Christmas season though, where all activity tends to really drop off until late Jan, early Feb.

While things do look bright for buyers right now, keep in mind that these buying windows do always eventually close.

Rate holds, even potential rate decreases in early 2024, less inventory, and increased buyer confidence could all turn things around quickly over the next 6 months.

I think the overall state of the market will stay fairly consistent for the next 3 months.

Sales:new listings ratio might slowly creep up and more buyers coming out of the woodwork as more certainty and positive media with respect interest rates continues.

I would expect to start seeing a noticeable uptick some time in Spring/Summer 2024.

As always, that’s just my current forecast.

Could be right, could be wrong, and it could certainly change as I watch new trends unfold.

For now though, I’d say first timers and investors still have a pretty sweet opportunity to capitalize on some deals!

Upsizers can do well too, especially if their home for sale is very marketable.

Downsizers should hold tight through these times, if possible, and wait for their more expensive asset to bounce back in value before purchasing a less expensive asset to replace it with.

Have a great week everyone!

11/06/2023

OCTOBER REGIONAL DATA REPORT

October numbers are in, so we’ll skip the weekly numbers to focus on the bigger picture.

Aside from Cambridge, detached property values took a hit across the region.

Cambridge really lit it up with massive gains across all product types.

While Waterloo got hit the hardest with sizeable losses across the board.

Overall, for every product type, Kitchener remains your best value play.

Guelph, on the other hand, is your most expensive city across all product types in the region.

Maybe it’s the right time to make a move or maybe it’s not.

If you’re thinking of entering the market or making a move, reach out and I will custom tailor a plan that helps you reach both your home and financial goals 🏡📈on a timeline that makes the most sense for your specific situation 🤝🏻

10/31/2023

A BIG congrats to my good friends L&R on a successful upsize for their growing family 👨‍👩‍👧‍👦

More space, a garage, and a better family/school zone were on their checklist, and we got all 3 ✅✅✅

Together, in big part to their amazing preparation of the property, accommodating all showings (even with a newborn), and not letting a couple unavoidable obstacles un-phase them, we got their home sold quickly and effectively.

Achieving all of this in a difficult selling market is a big win in my books.

I hope you and the kids enjoy this home for years to come 🙌🏻🎉🍾

10/30/2023

MARKET MONDAY

Despite the declining sales volume of late, increasingly more homes continue to be listed.

New inventory is up 11%, hitting 100 total new listings for the past 7 days.

Sales:New Listings ratio dropped to 0.39 which is firmly considered a buyer’s market.

41 listings were cancelled this past week as well, signalling a lot of seller expectations not being met.

Many of these cancelled listings will get re-listed at a lower price and come back to market though.

This current dynamic of cancel-relists is also artificially inflating the new listings data more than usual.

Many of these “new listings” are not new at all, aside from their asking price.

Opportunity is out there right now for those who sidelined themselves in 2023 to feel out the market.

It will be interesting to see if the coming months produce an even better buying scenario or if seller activity starts to drop and this nice little buying window starts to close as the sales:new listings ratio shifts back above 0.5.

Much of this might rely on whether BoC goes with one more rate increase or leaves them where they are until an eventual decrease.

Once we see some decreases, buckle up! That ideal buying window will be long gone ✌🏻

10/12/2023

I am happy to announce the successful leasing of 42 Cork Street East in Guelph’s downtown core.

This was a great deal for both landlord and tenant.

I was able to bring a great tenant to the table who was very keen on this location for their 23rd franchise pizza shop location in Ontario.

This 10-year lease will prove beneficial to both landlord and tenant in ensuring a long term commitment and fruitful business relationship is secured for years to come.

Looking forward to seeing their new sign go up beside Smoke’s Poutine in the not-too-distant future 👀

10/06/2023

FEATURE LISTING

72 Guelph Street, Guelph

▪️5 bed / 2 bath bungalow
▪️separate entrance to fully finished bsmt
▪️rough-in for kitchen in bsmt
▪️exceptional 60’x137’ lot
▪️parking for 4-5 vehicles
▪️updated from top to bottom, inside and out!
▪️very desirable street/neighbourhood
▪️offers any time

📍MLS # : 40495255

10/02/2023

MARKET MONDAY

The past few weeks there has been a noticeable shift in the market dynamic.

An influx of supply has come in at the same time that sales volume was dropping.

Although it may make selling a little more difficult and take a little longer, overall, it’s good news.

Nice to see an abundance of options for all buyers, especially first-timers.

It also poses a great opportunity to upsize.

With a sales:new listings ratio of just 0.38, we are firmly within a Buyer’s Market.

When upsizing, you’ll lose a bit on your sale right now vs a few months ago, but save more on the (more expensive) purchase.

Don’t expect the high supply to last forever though.

I think this is just the final Fall push before the slower winter season hits, as well as trying to beat any effects of the next potential rate hike this month.

Buckle up for an interesting end to 2023!

09/25/2023

This one came and went before I could put it up.

Congrats to both my landlord and tenant clients on making a great deal for everyone come to life!

Have a great start to your week everyone 💙

09/11/2023

AUGUST REGIONAL DATA REPORT

The month of August saw some slowing, but in a more “normal” real estate market, this was always the case.

Therefore, I would almost say that seeing this slow down is a good thing, as it reflects more normalcy to the real estate market.

Detached suffered everywhere except for Cambridge.

Condos, on the other hand, saw a nice pump everywhere except for Kitchener.

If you needed to focus on one city to find what you’re looking for in any product type, the answer is simple: Kitchener!

Kitchener has the cheapest condos by far @ 430k avg.

Everywhere else is over 500k.

They are also the cheapest detached, being the only city under 800k.

While they aren’t the cheapest towns/semis, they are a close second to its neighbour, Waterloo.

So! While for some, the area that you’re buying in may be a non-negotiable understandably enough.

For those with some flexibility to where they live, Kitchener is where you’re going to find your overall best bang for your buck whether you’re a first time buyer, upsizing, or downsizing.

The options are there and the prices are right!

Have a great week everyone 💙

09/08/2023

Congrats to A & J on firming up on the purchase of their first home!

The age old decision between location and property type came into play here.

Ultimately, being in a detached trumped living in Guelph, so we landed on this sweet property in a nice neighbourhood in nearby Kitchener.

A & J were a lot of fun to work with!

They asked a lot of questions (as I recommend all of my first time buyers do!)

They knew what they wanted, yet were willing to make compromises as the search progressed.

They always valued my professional advice too, which admittedly makes my job much easier :)

And low & behold, we won our first offer, for under asking, even with a second offer on the table!

Congrats once again and I’m happy to see them set down roots before their wedding next year 🥳🥂

Address

11-292 Stone Road West
Guelph, ON
N1G3C4

Telephone

+15198290426

Website

http://www.trilliumwest.com/

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