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Guelph Real Estate Market Update October 2018

Guelph Real Estate Market Update October 2018

Overall Market Data

Average Days on Market in 2017: 25

Average Days on Market in 2018: 28

The average amount of days for homes to be on the Guelph real estate market has increased by 3 days.

Average Sale Price in 2017: $503,066

Average Sale Price in 2018: $494,939

From 2017 to 2018, the average sale price of Guelph homes has decreased by 2%.

Units Sold in 2017: 178

Units Sold in 2018: 168

6% fewer homes have been sold in the Guelph real estate market over the month of October.

Neighbourhood Data

North Guelph

Riverside Park & Victoria North

Average Days on Market

Average Days on Market in 2017: 24

Average Days on Market in 2018: 39

In the North End, homes have been on the Guelph real estate market for 15 days more on average.

Average Sale Price

Average Sale Price in 2017: $439,306

Average Sale Price in 2018: $440,987

There has been a decrease in the average sale price of homes in the North End of Guelph by -0.4%.

Units Sold

Units Sold in 2017: 18

Units Sold in 2018: 15

There have been -17% fewer units sold between October 2017 and October 2018.

North End: Average Sale Price per Home Type

Detached: $558,900

Semi-Detached: $385,250

Townhouse: $374,971

Apartment Unit: $425,000

South Guelph

Dovercliffe Park/Old University, Kortright East, Kortright West, Kortright Hills, Clairfields/Hanlon Business, Pineridge/West Minsterwood

Average Days on Market

Average Days on Market in 2017: 25

Average Days on Market in 2018: 27

For the South End of Guelph, homes have been on the Guelph real estate market for 2 days more on average.

Average Sale Price

Average Sale Price in 2017: $557,851

Average Sale Price in 2018: $496,938

There has been a decrease in the average sale price of homes in the South End of Guelph by -11%.

Units Sold

Units Sold in 2017: 68

Units Sold in 2018: 64

There has been 6% fewer units sold in the South End from 2017 to 2018.

South End: Average Sale Price per Home Type

Detached: $632,970

Semi-Detached: $411,550.

Townhouse: $462,604

Apartment Unit: $332,563

East Guelph

Grange Road, York/Watson Industrial

Average Days on Market

Average Days on Market in 2017: 34

Average Days on Market in 2018: 28

For the East End of Guelph, homes have been on the Guelph real estate market for 6 days less on average.

Average Sale Price

Average Sale Price in 2017: $502,494

Average Sale Price in 2018: $490,933

There has been a decrease in the average sale price of homes in the East End of Guelph by -2%.

Units Sold

Units Sold in 2017: 32

Units Sold in 2018: 16

There has been a decrease of 19% in units sold in the East End of Guelph from 2017 to 2018.

East End: Average Sale Price per Home Type

Detached: $554,608

Semi-Detached: $488,000

Townhouse: $445,236

Apartment Unit: $339,800.

West Guelph

Onward Willow, Willow West/Sugarbush

Average Days on Market

Average Days on Market in 2017: 21

Average Days on Market in 2018: 22

For the West End of Guelph, homes have been on the Guelph real estate market for 1 day more on average.

Average Sale Price

Average Sale Price in 2017: $437,347

Average Sale Price in 2018: $437,062

There has been a decrease in the average sale price of homes in the West End of Guelph by -0.1%

Units Sold

Units Sold in 2017: 30

Units Sold in 2018: 27

There have been -10% fewer units sold in the West End from October 2017 to 2018.

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