The price budgets of Guelph in recent days is reduced a little as the prices of properties are not much expensive. The average house price for all the properties is $582,215 and the total sold ones are only 35 which are 1/3rd of the previous month. The new listings include 233 houses. Although the sold houses are less in number but median days on the market are only 12. That means properties are selling fast. Only 9 condos, 10 townhouses and 16 detached homes are sold in the last 28 days.
There are 27 new home developments in Guelph, a mix of high-rise and low-rise that are planned, under construction or recently completed. There are 6 townhouse developments and 10 single family home developments in Guelph. Of these, 11 are condo developments, with 679 units currently under construction. The average price of the condo is $437K and the median days on the market are 11. The most condos sold were 2-bedroom apartments and also the new listing have 30 two- room apartments out of 46 totals. On the contrary the average days on the market for townhouses are 9 with total of 46 new in the listings. The average price of townhouse is $509K and the most sold ones are 3-bedroom condo. The large numbers of homes on the listing are detached ones i.e. 164 in which 88 are 3-bedroom homes. The average days on the market of detached homes are 15 and the total sold ones are 16.
New Developments:
The home developments currently in preconstruction including condos, townhouses, single homes are following:
Beechwood Collection is a new townhouse project located at 89 beechwood avenue, Guleph. The project is in preconstruction state and registrations are now open, also for Brook Village Townhomes currently in preconstruction at 340 River Road, Cambridge and Arkell Hills is a new townhouse development by Crescent Homes currently in preconstruction at Arkell Road & Victoria Road South, Guelph.
Community Crafted Towns is a townhouse development currently in preconstruction at 112 Pine bush Road, Cambridge. Sales for houses are going to start in spring/winter 2020, available units start from the $400,000’s. Registration has now started.
Condo developmental projects currently in preconstruction includes:
Baker District condo development by Windmill Development Group Limited at Wyndham Street North, Guelph. Construction is going to start in 2023 while registrations are open. Reign Condo development by Reids Heritage Homes at 1547 Gordon Street, Alice Block condo and townhouse development by Momentum Developments located at 120 Huron Street, Guelph. Estimated completion date is still.
Royal Valley Phase 2 is a new townhouse and detached family home development by Mikmada Homes currently in preconstruction at Decorso Drive, Guelph. Forbes Estates condo, townhouse and detached family home development currently in preconstruction at Guelph Avenue & Shaw Avenue West, Cambridge.
