Oakridge London Ontario Neighbourhood Sales 2017 Sets a Record

336 houses in the Oakridge neighbourhood London Ontario were sold through MLS in 2017 for a median selling price of 102.8% of the asking price and these took about 7 days to sell.

 130 condos in Oakridge sold as well, from apartment style to one and two floor townhouses & townhomes. These were on the market for a median of 13 days and sold  for 101.81%  of the asking price!
 I have prepared a breakdown of these sales , such as prices, days on the market and few other tidbits you might find helpful , you can get these reports here.

All the houses & condos in Oakridge London Ontario For Sale on MLS

295 houses in Oakridge were sold in 2016  through our local MLS starting at $270,000 all the way up to $740,000 and Oakridge was no different than the rest of London Ontario, a shortage of quality homes for sale saw these 295 houses sell very close for the asking price and in some cases for more and took about 19 days to sell!

 105 condos in Oakridge were sold through MLS in 2016, from as low as $122,000 and up to $669,000  which was about 99.6% of the asking price and on the market 25 days!

What do these numbers indicate? There are buyers willing to buy and seller’s who price their homes at the market price will get 99-101% of their asking price. Pretty simple, yet, I hear of buyers who think they can  get 10-15% off the asking price and a few misquided sellers who think their home is worth more than the other homes that have sold in their neighbourhood!

Oakridge London Ontario

More and more people are returning to their roots, buying these homes in Oakridge where they grew up, having large, deep lots and renovating them to meet their aging lifestyles. I have had many clients buy these 60’s and 70’s homes and upgrade them with modern kitchens, larger bedrooms and bathrooms.

Oakridge Acres, Oakridge Meadows & Oakridge Park are neighbourhoods in north west London (with a few small patches of 10 year old or less homes) with large lots, mature trees and very few cookie cutter streets.

Oakridge neighbourhood London Ontario City of London Report Oakridge London Ontario Neighbourhood by the City of London

Some Condo Properties in Oakridge in London Ontario

Oakridge London Ontario Real Estate Map

Other London Neigbourhoods

Sunningdale London Ontario Houses & Condos

 

Search houses for sale Sunningdale London Ontario on MLS

In 2017, 73 houses in the Sunningdale neighbourhood of London Ontario sold through our MLS system for a median 98.9% of the asking price and these were on the market about 32 days.

54 condos, be they apartment or town homes were sold in 2017, averaging close to asking price and taking about 29 days to sell.

I have prepared an analysis of those sales and other numbers that I am sure will help you when you are preparing to make a real estate move. You can get these here.

            one floor condo in Sunningdale in North London          A beautiful Sunningdale home in North London

    The Sunningdale neighbourhood is located in North London bordered by Fanshawe Park Road West, Richmond Street, Sunningdale Road West and Hyde Park Road and includes Medway Park and Hyland Estates.

   A very short drive to the Masonville shopping area and dining and the big box stores in Hyde Park. Easy access to the University of Western Ontario (UWO or Western), it’s hospital and nearby  research centre.

    5 minutes to downtown London and quick access to great beaches along Lake Huron such as Ipperwash, Pinery Provincial Park, Grand Bend, Bayfield and Goderich.

  The houses and condos in Sunningdale are tastefully laid out with many enclaves and one of a kind homes.

Sunningdale London Ontario Map

 

Other London Neigbourhoods

Hyde Park London Ontario Real Estate Sets Record

 Hyde Park London Ontario Real Estate Houses & Condo Prices

Hyde Park London Ontario real estate sales in 2017 set a record for home sales with 300 houses selling through MLS for 103.07% of the asking price and on average, taking 7 days to sell! 112 condos in Hyde Park were sold, average 100.04% of the asking price and the median days these took to sell was only 15 days!

I have prepared a breakdown of all those sales for 2017 in Hyde Park which you can receive instantly by going here.

Hyde Park is a neighbourhood located in North West London, with  Fanshawe Park Road West to the north Hyde Park Road & Sarnia Road centres the neighbourhood and east of Wonderland Road north, all the way to the south west corner of Oxford Road W . ( Whew! Here is the map, less talk!)

 

2016

    285 houses in the Hyde Park neighbourhood in London Ontario sold through MLS in 2016 , starting as low as $316,000 and up to $605,000 and these all sold close to asking price in about 31 days!

In 2016, 88 condos in Hyde Park were sold, from $218,000 to as high as $620,000 and these took about 41 days to change owners and for 98.4% of the asking price.

All the houses & condos for sale in Hyde Park London Ontario on MLS

 

Hyde Park Neighbourhood by City of London Ontario Hyde Park Neighbourhood as per The City of London

 

Hyde Park London Ontario Map

Other London Neighbourhoods

Record Real Estate Sales London Ontario & Area 2017

If you are looking for a houses or condos for sale around London & South West Ontario here are a few neighbourhoods you may want to consider.

Byron Delaware  Dorchester
Hunt Club Hyde Park Ilderton
Kilworth Komoka Lambeth
Masonville Oakridge Pond Mills
Riverbend Stoneybrook Summerside
Sunningdale University Western Ontario Uplands
Warbler Woods Westmount Wortley Village Old South London

 

A historic year for real estate in 2017

  11,203 Home Sales sets Record in London Ontario & Area for the first time  

The London and St. Thomas Association of REALTORS® (LSTAR) announced that 2017 marked a historic year for residential real estate, with home sales surpassing 11,000 for the first time since LSTAR began tracking data in 1978. In 2017, a total of 11,203 homes were sold, up 8.0% from 2016.

London and St. Thomas reached many ‘firsts,’ from six consecutive months of record sales to robust activity from buyers from outside the city.

In 2017, the average sales price across London and St. Thomas was $330,037 up 18.0% from 2016. By geographic area, London South was $340,793, up 21.7% from 2016. In London North, average home sales price was $407,801, up 18.1% compared to the previous year, while in London East, it was $258,734, an increase of 16.9%.  In St. Thomas, it was $261,481, up 15.2% over 2016.

St. Thomas saw a total of 901 homes sold in 2017, up 6.8% from 2016. In 2017, there were a total of 14,301 home listings, down 1.2% from 2016. The trend of high demand with low supply continued in 2017, with inventory (called Active Listings) down 35.6% from the previous year.

The following table is based on data taken from the CREA (Canadian Real Estate Association) national MLS® Report for November 2017 (the latest CREA statistics available). It provides a snapshot of how average home prices in London and St. Thomas compare to other major Ontario and Canadian centres.

City Average Sale
Vancouver $1,081,876
Toronto $779,693
Fraser Valley $741,172
Victoria $684,843
Hamilton $545,690
Calgary $450,700
Kitchener-Waterloo $445,855
Niagara $389,016
Ottawa $385,058
Edmonton $372,911
London St. Thomas $332,607
Windsor-Essex $265,565
CANADA $513,433       

November 2017 Numbers

October 2017 Numbers

 For a breakdown of sale prices to asking prices and more, contact me for more detailed information:
 We have the facts about real estate in London Ontario
 I can give you :
  • Days on the market vs List Price Median for the last 10 years
  • Historic count of active listings
  • Historic sales for the last 10 years
  • Historic sales price trends
  • Historic sales and price range
  • Original price vs sold price
  • Sale price / listprice ratios

Why is this information important? Whether you were buying or selling, these numbers will give you peace of mind of the neighbourhood trends, plus, a confidence level for price, expectation levels for negotiating and about 8 other advantages I can help you with.

Our knowledge of the market, our ability to get hard facts and not assume anything or give an opinion that could be biased is the cornerstone of our business and the reason why our volume of business and referrals are growing exponentially.

Oh, a hard work ethic makes a huge difference as well!

Westmount Neighbourhood London Ontario Real Estate

The Westmount neighbourhood in London Ontario has a combination of newer and older houses and condos  and actually 3 very distinct areas, being east of Wonderland Road to Andover, west part of Wonderland Road to a little past Barclay and south of Commissioners Road W to Springbank Drive .

Westmount London Ontario Property Values

Westmount Mall has had a dramatic change from a retail shopping mall to a combination of medical/offices on the second floor and services & retail on the main floor & a Cineplex theatre.

Further south of Southdale and along Wonderland Road South, are the big box stores, services, restaurants and recreational activities , a library and along Southdale West, the new YMCA is scheduled to open soon.

Westmount has an abundance of schools and churches as well for all denominations.

As you can see, the Westmount neighbourhood is a convenient area to live and with the extention of Wonderland Road South to the 402 make traveling west or east of London along the 401 much more convenient.

 Westmount Boundaries by Google

City of London Ontario  City of London Ontario Neighbourhood Guide

In 2017, 166 houses in Westmount London Ontario were sold for close to asking price and the median time it took these to sell was 10 days, 84 condos were also sold through our MLS system for close to asking price and were on the market for about 15 days!

As you can see, with houses & condos in Westmount selling within 15 days or less and for the asking price or more, buyers must be more in tune with the market and organized and for sellers, choosing the right Realtor will be a huge benefit in this market.

I have prepared a breakdown of the houses and condos that were sold in 2017 and you will be able to see the properties that sold quickly and for more money than those that were overpriced that took much longer to sell. You can get these reports instantly by requesting them here.

Search all the houses & condos for sale in Westmount London Ontario on MLS

 166 houses sold through MLS in the Westmount neighbourhood of London Ontario in 2016 ,hese houses took about 23 days to sell and about 99.2% of the asking price! 93 condos in Westmount changed hands for 99% of their asking price and were on the real estate market for 33 days.

2016  & 2017 were record years for real estate sales in London Ontario and area and Westmount was no exception, other than home buyers are experiencing a shortage of good homes for sale.

In 2015160 houses sold in Westmount in south west London Ontario through MLS for an average 98% of the asking price and these took about 33 days to sell. 107 condos in Westmount were sold for an  average 97.6 % of the asking price and these took about 42 days to sell.

 

map of Westmount London Ontario

 More London Ontario Neighbourhoods

Byron Houses & Condos in London Ontario Are Selling

 Byron houses & condos were highly sough after in 2017 with 232 single family houses selling for a median 101.43% of the asking price and these took abou 8 days to sell!
  Condos in Byron, from apartment condos to detached one floor townhomes were extremely sought after with 73 selling through our MLS system for 100.59% of the asking price and taking about 15 days to sell!
 I have prepared an analysis of this activity, with sales prices, days on the market and the asking price which you can receive by going here. 
  Byron  in South West London is bordered by Wickerson Rd to the west, Southdale Road to the south, Commissioners Road to the north and Colonel Talbot Road to the east.                                        

Byron Map

Get All the houses and Condos For Sale in Byron London Ontario

Byron has been consistently been a sought after London neighbourhood to live in with Springbank Park  (300 acres along a stretch of the Thames River and has 19 miles  of trails.) and the Thames River, Boler Mountain (a ski and mountain bike area known to the locals as “the bump), churches, schools, a library, a fire hall, a legion, a Masonic hall , bistros and dining, professional offices, medical, drugstores, LCBO, jewelers, drycleaners and more.

Nearby are  8 public and private golf courses and walking & biking trails galore, beautiful Komoka Provincial Park with its many trails along with Warbler Woods Trail. 

Walking in Springbank Park

The Optimist Club of Byron is an example of community volunteers giving back to the community with activities through out the year.

 

Byron London Ontario Real Estate

2016 House & Condo Sales in Byron in London Ontario

h 231 houses were sold for 99.6%  of asking price and these took about 14 days to sell!

79 condos in Byron changed hands through MLS in 2016, averaging 33 days on the market and selling for about 99.2% of the asking price.

There is a good selection of condo properties in Byron as well, starting from $175,000 for a townhouse up to $600,000 plus for a detached one floor townhome and a few high rise apartment condos with the new Tricar building in 2018 across from Springbank Park.

Below are a few of the condo corporations in Byron in London Ontario

 

  There are 5 elementary schools in Byron:

Secondary school age students in Byron either attend  St. Thomas Aquinas Catholic Secondary School   or  Saunders Secondary School in the Westmount neighbourhood of London or, some currently attend Oakridge Secondary School in Oakridge.                          

Other London Neigbourhoods

Wortley Village Old South London House Sales

225 houses sold in Old South London Wortley Village in 2017 for an average 103.02% of the asking price and these took about 18 days to sell. 11 condos sold for 101.9% of the asking price and these took about 33 days to sell.

 I have prepared a 8 page analysis of these sales with the sale price and days on the market and you can get this report here. Factual information is very important whether you are a buyer or a seller of real estate and then knowing how to interpret that information to ensure making wise decisions!

As you can see, houses in Old South London Ontario sell in a short period of time so being prepared and having all the facts will make a difference in your real estate experience.

 206 houses were sold in Wortley Village, Old South London in 2016 through MLS, starting as low as $200,000 and up to $749,00 and the 26 days on the market and most selling for full price verify that the real estate market in London Ontario and especially this neighbourhood  is very healthy!

11 condos sold in the same period for 98.9% of the asking price and took about 42 days to sell.

​  The character and charm of this great London neighbourhood is what attracts home buyers and the people who do live in Old South love the ability to walk and shop in the Wortley Village core, with tree lined streets and very few  cookie cutter homes.

Moving to Old South London Wortley Village          

 

​ Check out these homes for sale in Wortley Village & Old South London

 

                         Wortley Village  in Old South London    

Wortley Village is heart of Old South London. The unique village ambiance associated with Wortley Road is the result of a century of change and adaptation.An attractive commercial setting has developed into a unique shopping & dining area.

Wortley Village London Ontario

 

Near by is Thames Park, which provides recreational activities including  4 tennis courts, playground equipment, outdoor pool,  picnic areas, and access to London’s riverside bike and walking trails.

 

trails in London Ontario

With some buildings over 100 years old, over 80 small businesses and establishments  and with an abundance of inviting parks, Old South is the only region in London which offers an enticing blend of history, shopping and nature in a few square kilometers.

The homes in Wortley Village and Old South offer uniqueness, style and a neighbourhood belonging with quite a few events held yearly . The new YMCA has proven to be quite popular and another drawing card for Old South London

 

Old South Wortley Village

Old South Business Association Wortley Village official website with events and interesting news.

A Map of Old South London Ontario

Old South London Ontario Map

 

Other London Neigbourhoods

Apartment Condo For Sale in Downtown London Ontario

Photo Link
Downtown London Ontario Apartment Condo, steps away from trendy Richmond Row, Budweiser Gardens, Harris and Victoria Parks, walking trails and great restaurants and shopping!

•  112 bath , 2 bdrm apartment “completely updated” – FOR SALE  CAD189,900 . Exceptional Value
MLS® 104273

Location, location and comfort, this downtown London Ontario ground floor 2 bedroom, 1 1/2 bathroom apartment is move in condition, with underground parking and a locker for storage.

High quality engineered flooring, modern kitchen cabinets, in unit laundry, even a freezer, 6 appliances in total! This updated building has a indoor salt water pool, exercise centre, whirlpool, sauna, a majestic lobby and oodles of guest parking.

Steps away from trendy Richmond Row, Budweiser Gardens, Covent Garden Market, restaurants and shopping and beautiful Victoria Park, Harris Park and the Thames River walking trails.

Check the price out, this unit is a true bargain! Condo fees include heat and water

Property information

House for Sale in Summerside in London Ontario

Photo Link
Great Family Neighbourhood

•  1388 sqft , 3 bath , 3 bedroom 2 storey solid brick house- FOR SALE  CAD329,900 . Move in Condition!

First time on the market! This 3 bedroom solid brick house is located on a premium lot in the new London neighbourhood of Summerside with very easy access to the 401 and Veteran’s Memorial Parkway!

Hardwood floors( just refinished) on main floor, main floor laundry, office/den and a twp piece powder bathroom on the main and a large bright kitchen with a gas stove and breakfast bar overlooking the fully fenced back yard with a 12 x 8 garden shed and a beautiful 24′ x 15′ multi tiered deck to enjoy those BBQ’s and sunny days! The landscaping and trees offer privacy and a good feeling of nature.

Upstairs has 3 bedrooms, the master has a walk in closet and master ensuite, the other two bedrooms are a good size and have the third 4 piece bathroom, stairs and bedrooms have just been carpeted and the bathroom has new flooring as well.

The high and dry basement is unspoiled, has roughed in plumbing for the 4th bathroom, sump pump, laundry tub and the gas hot water heater is owned, not rented!

This house is much larger than it looks, there is great value here and with it being such a great neighbourhood, there are walking trails, schools and churches nearby and parks!

Property information

London Ontario Real Estate Numbers For November 2017

London Ontario real estate numbers for November 2017 saw 637 homes being sold through our MLS system,  as reported by The London and St. Thomas Association of REALTORS® (LSTAR).  Year-to-date sales are up 9.1%, with a total of 10,790 homes sold, marking 2017 as the year with the highest number of residential sales since LSTAR began tracking data in 1978, with one more month to go.

In November, the average sales price across London and St. Thomas was $322,303, up 11.6% from the same time a year ago. The average year-to-date sales price is $330,039, up 18.0% from November 2016.

In London South, the average home sales price was $344,010, up 16.6% compared to a year ago, while in London East, it was $255,518, up 7.9% from November 2016. In London North, average home sales price was $383,147, up 9.9% compared to this time last year, while in St. Thomas it was $260,763, up 19.4% compared to a year ago.

In November, there were 716 listings, down 9.3% from the same time in 2016. St. Thomas saw a total of 55 homes sold, down 14.1% from the same time last year. Year-to-date home sales in St. Thomas are at 874 homes sold, up 10.1% from 2016.

For a breakdown of neighbourhoods in London, for houses and condos, you can go here.

The following chart is based on data taken from the CREA National MLS® Report for October 2017 (the latest CREA statistics available). It provides a snapshot of how average home prices in London and St. Thomas compare to other major Ontario and Canadian centres.

*These statistics are prepared for LSTAR by the Canadian Real Estate Association (CREA) and represent a data snapshot taken on December 1, 2017, based on reported sales activity between November 1 and 30, 2017.