Byron London Ontario House & Condo Prices Rising

          All Houses For Sale in London Ontario & Area    All Condos For Sale In London Ontario & Area
Byron London Ontario House & Condo Prices Rising
 There were 48 houses in Byron that sold from January 1 to April 3, 2019, from as low as $301,100 and up to $1,094,000, the median days on the market was 9, and the sold prices were 101.3% of the asking price!
 For townhouses, townhomes and apartments in Byron, 20 have sold so far in 2019, from $177,500 to $640,000! The median selling price was a whopping 106.84% of the asking price and took about nine days to sell!
In 2018, 215 houses sold in Byron for an average price of $525,298 which was $103.22% of the asking price and these Byron houses took on average 22 days to change hands.
  61 Condominiums in Byron sold in 2018, including apartment condominiums, townhouses and townhomes for a median 105.46% of the asking price and the days to sell through MLS was 16 days for an average selling price of $338,839!
 You can request a breakdown of these sales by scrolling down this page or receive current properties for sale, with descriptions, asking and selling prices and other useful information to help make significant decisions.
  Wickerson Rd borders Byron in South West London to the west, Southdale Road to the south, Commissioners Road to the north and Colonel Talbot Road to the east.    
                                   

Byron Map

 

Byron London Ontario Real Estate has consistently been sought after in this London neighbourhood, being so close to Springbank Park  (300 acres along a stretch of the Thames River and has 19 miles of trails.) and the Thames River.

 

Boler Mountain is a ski and mountain bike area known to the locals as “the bump.”  In the heart of Byron, there is a library, a fire hall, a legion, a Masonic hall, bistros and dining, professional offices, medical, drugstores, an LCBO, jewellers, dry cleaners and a few eclectic retailers.

 

Nearby are eight 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 throughout the year.

 

Byron London Ontario Real Estate

Below are a few of the Townhouses & Apartment Condos in Byron in London Ontario

 

  There are five 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 Neighbourhoods

Wortley Village Old South London Ontario Real Estate

 As of April 2, 2019, 40 houses changed hands in Wortley Village & Old South London Ontario from as low as $299,900 and up to $875,000 averaging 11 days to sell for a median 100.46% of the asking price

  Wortley Village Old South London Ontario real estate sales in 2018 was robust with 196 single family houses sold for an average price of $404,718 which was 102.28% of the asking price and the median time on the market was 20 days!

  13 Wortley Village condominiums sold in 2018, averaging $309,902 selling price which was 97.46% of the asking price, condos in Old South London took about 35 days to sell.

 You can receive actual sales prices, details, what sold quicker than others, taxes and get correct property values by scrolling down this page and requesting that information.

As you can see, houses in Old South Wortley Village sell in a short period & most cases, above the asking price! However, some houses took much longer to sell, the cause being condition, layout and, of course, the price!

When buying a house in Old South, make sure your ducks are in a row, sometimes older homes can deplete your bank account or line of credit. Some houses, like people, are attractive from the outside but when you get to know more, leave you feeling depleted as well.

 The character and charm of this great London neighbourhood are 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.

The Charm of Old South London Wortley Village          

Check out these homes for sale in Wortley Village & Old South London ON MLS.

                         Wortley Village  in Old South London    

Wortley Village is the heart of Old South London. The unique village ambience 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

Nearby is Thames Park, which provides recreational activities including four 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 kilometres.

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

The Old South Wortley Village Business Association does an excellent job of hosting and presenting community events.

Old South Wortley Village

A Map of Old South London Ontario

Old South London Ontario Map

All Condos For Sale in London Ontario & Area on MLS

Other London Neighbourhoods

Lambeth Talbot Village Real Estate Prices in London Ontario

    Would you like to know what homes have been selling and what for how much in the Lambeth Talbot Village neighbourhood? How long they took to sell? You can by scrolling down this page and requesting those facts.

At March 31, 2019, 33 houses sold through our MLS system for a median price of $610,000 and took about 16 days to sell. One townhouse was sold for $432,500.

 In 2018, 149 houses sold in the Talbot Village,  Southwinds &  Lambeth neighbourhood of London for a median price of $591,504 which was 99.08% of the asking price and these took 21 days on average to change hands.

 Twelve condominium townhouses and townhomes in Lambeth sold in 2018 for an average $479,900 which was 99.22% of the asking prices and sold within an average of 16 days.

Search all the houses & condos for sale in Lambeth, Talbot Village  All Houses For Sale London Ontario  All London Ontario Condos For Sale on MLS

Lambeth London Ontario houses & condos,  including Talbot Village and Southwinds, set a record in 2017 with 232 homes selling for close to the asking price and taking about 20 days to sell on average, for condos in Lambeth, 8 sold, a median time to sell was 25 days and these sold for 98.62% of the asking price.

 

 More London Ontario Neighbourhoods

  Communities Near London Ontario

Lambeth London Ontario House Buyers

Lambeth is a neighbourhood in the south west of London about 10  minutes to downtown.

The 401 and 402 highways are 3 minutes away and within a 20 KM drive are six golf courses! There is a newer shopping plaza at the corner of Colonel Talbot Road and Southdale Road West with groceries, a pharmacy, dining and fast food, banking etc. As well a newer neighbourhood called Talbot Village.

Schools and churches are bountiful along with professional services. Lambeth has homes from entry level to executive properties and condos. Drive through Talbot Village for new houses and condos, Southwinds Village for some sprawling dwellings, or the Outer Drive area going south on Colonel Talbot Road or the heart of Lambeth, some quaint shops and a multitude of services.

 

Lambeth in London Ontario

Elementary Schools

Lambeth Public School

St. George Catholic School

High Schools
Saunders Secondary School

Regina Mundi Catholic College

St. Thomas Aquinas Catholic Secondary School 

Sports

Lambeth Minor Hockey

Lambeth Youth Soccer

London Area Sportsfields

Churches

Forest City Community Church

New Hope Community Church

St.George Roman Catholic Church

Trinity Anglican Church

603 London Ontario Homes in February 2019

603 homes were sold in the London and St. Thomas Association of REALTORS® (LSTAR) area in February 2019, up 5.6% over February 2018. The number of home resales was right on par with the 10-year average.

2019 real estate trends London Ontario

Two months into 2019, there have been 1,128 home resales, up 10.8% compared to the same time last year.

Across the five major areas of LSTAR’s region, average home sales price continued to make healthy gains. The largest year-over-year gain was in Elgin County, with a February average sales price of $360,800, up 33% compared to February 2018.

Meanwhile, in London, the February average sales price was $405,186, up 13.5% from the same month last year. The average sales price for the entire LSTAR jurisdiction was $393,911, up 12.5% compared to February 2018.

Area February Average Sale Price
Elgin County $360,800
London $405,186
Middlesex County $469,094
St. Thomas $306,279
Strathroy $365,534
LSTAR $393,911

The average sales price for a 2-storey home in London was $543,114, up 12.7% from February 2018. In comparison, the average sales price for a high rise apartment condominium was $246,070, up 27.1% compared to the same month in 2018. And the average sales price for a 1-storey home (bungalow or ranch style) was $368,664, up 8.9%, compared to February 2018.

The following chart** is based on data taken from the CREA National MLS® Report for January 2019 (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.

January real estate London Ontario prices

Lambeth London Ontario Houses And Townhouses

   Would you like to know what homes have been selling and what for how much? How long they took to sell? You can by requesting those facts here.

 In 2018, 149 houses sold in the Talbot Village,  Southwinds &  Lambeth neighbourhood of London for a median price of $591,504 which was 99.08% of the asking price and these took 21 days on average to change hands.

 Twelve condominium townhouses and townhomes in Lambeth sold in 2018 for an average $479,900 which was 99.22% of the asking prices and sold within an average of 16 days.

Lambeth London Ontario houses & condos,  including Talbot Village and Southwinds, set a record in 2017 with 232 homes selling for close to the asking price and taking about 20 days to sell on average, for condos in Lambeth, 8 sold, a median time to sell was 25 days and these sold for 98.62% of the asking price.

Search all the houses & condos for sale in Lambeth, Talbot Village

 More London Ontario Neighbourhoods

  Communities Near London Ontario

Lambeth London Ontario House Buyers

Lambeth is a neighbourhood in the south west of London about 10  minutes to downtown.

The 401 and 402 highways are 3 minutes away and within a 20 KM drive are six golf courses! There is a newer shopping plaza at the corner of Colonel Talbot Road and Southdale Road West with groceries, a pharmacy, dining and fast food, banking etc. As well a newer neighbourhood called Talbot Village.

Schools and churches are bountiful along with professional services. Lambeth has homes from entry level to executive properties and condos. Drive through Talbot Village for new houses and condos, Southwinds Village for some sprawling dwellings, or the Outer Drive area going south on Colonel Talbot Road or the heart of Lambeth, some quaint shops and a multitude of services.

 

Lambeth in London Ontario

Elementary Schools

Lambeth Public School

St. George Catholic School

High Schools
Saunders Secondary School

Regina Mundi Catholic College

St. Thomas Aquinas Catholic Secondary School 

Sports

Lambeth Minor Hockey

Lambeth Youth Soccer

London Area Sportsfields

Churches

Forest City Community Church

New Hope Community Church

St.George Roman Catholic Church

Trinity Anglican Church

 

 

 

 

London Ontario Real Estate Market For November 2018 Saw Price Increases

The London Ontario real estate market in November 2018 was quite robust with seven hundred forty-six homes sold through The London and St. Thomas Association of REALTORS® (LSTAR) in November, up 6.7% over November 2017 & 3 short of the record 749 sales in November 2016.

November had 898 new listings, an increase of 17.5% over the same month last year. The area of London East continues to be making healthy gains in both new listings and average sales price. It had 192 new listings, up 24.7 % from November 2017, where the average sales price was $302,737, up 18.7% from 2017 and up 58.9% compared to five years ago. Going back further, that’s up 75.0% compared to 10 years ago!

In London North, the average sales price was $482,202, up 24.4% from last November and up 62.4% compared to the same month five years ago. It’s an increase of 98.7% compared to the average sales price in 2008.

The sales-to-new listings ratio was 83.1%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers (a rate between 40% and 60% is generally consistent with a balanced market). Looking at the major centres, St. Thomas had the highest sales-to-new listings ratio at 97.0%.

Contact me for a breakdown of prices in your neighbourhood or street, or condominium sales and prices.

The following chart is data taken from the CREA National MLS® Report for October 2018 (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.

London Ontario Real Estate Marker Comparisons

 

Is It Possible Your Next Door Neighbour In London Ontario Is Wealthy & You Don’t Know?

Is your next door neighbour in London Ontario wealthy?

How would you know or do you even care? Is it the largest house, the most toys, the fanciest cars, the exotic vacations, their job, title or profession?

Is it appearances? Is it perception? Is it frugality? Is it cheap?

the Millionaire next door

In the first paragraph in a book called “The Millionaire Next Door, The Surprising Secrets of America’s Wealthy “ by Thomas Stanley and William Danko, these two researchers wrote:
“Twenty years ago we began studying how people became wealthy. Initially, we did it just as you might imagine, by surveying people in so-called upscale neighbourhoods across the country. In time, we discovered something odd. Many people who live in expensive homes and drive luxury cars do not have much wealth. Then we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighbourhoods”.

As a Broker of Record and an owner of a real estate boutique in London Ontario, I do a fair amount of volume and get to see lots of houses and neighbourhoods in London, and after all these years, I have the opportunity to keep shaking my head!

I get to see first-hand; people who are mortgage poor, have high credit card debt, have depleted lines of credit as well as mortgage-free homeowners, own free and clear economy transportation, are usually debt free and in most cases, free from that regular day to day money fears.

The first group continues to spend, working harder and longer to help lenders get wealthy and waiting for someday to retire and be debt free!

Every calendar I have ever seen has seven days on it, I have never seen ‘someday’ on one yet!

Downsizing is not just for old folks, baby boomers or mobility challenged individuals. The hardest part for most people is worrying about what their family, friends and co-workers will think.

Maybe, just maybe, they too are treading water or sinking (both are very similar ) as well!

Note: This is not intended to disparage anyone, criticize or sound like a doomsayer, I am quite energetic and positive about life and have lived and experienced both sides of the scale! Only one side has the financial & time freedom, and it now will depend on what price you are willing to pay to find out on which side that is.

mortgage free or in debt? your choice

London Ontario Real Estate Market Prices Up June 2018

London Ontario and Area House & Condo Sales for June 2018

  Sellers Market London Ontario

1080 homes in the London and St. Thomas Association of REALTORS® (LSTAR) area were sold in June, less than in June 2017, which was a record-setting month with 1,264 homes sold!

Sales activity remains above the 10-year average, as the marketplace continues to manage the lowest inventory levels since 2009. Average home prices are making slight gains all across the region.

London East made the biggest gains, with the average June sales price at $295,541, up 11.7% from June 2017 and up 34.7% compared to June 2016. London North saw an increase of 11.6% from June 2017 with the average sales price of $479,237. That’s up 39.9% compared to June 2016. Meanwhile, the average sales price in London South was $372,881, up 9.2 percent from June 2017 and up 36.6% from June 2016.

Overall, the average June sales price in London and St. Thomas was $370,247, up 10.5% from June 2017 and up 32.7% from June 2016. Going further back, it’s a 72.0% increase compared to the average sales price 10 years ago.

In June, there were 1,779 active listings, down 4.3% from this time last year and down 40.0% from June 2016. The sales-to-new listings ratio was 72.0%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favours sellers (a ratio between 40% and 60% is generally consistent with a balanced market). So for those considering selling their home, now would be an optimal time to get your house or condo on the market!

St. Thomas saw a total of 99 homes sold in June, down 9.2% from the same period last year. For inventory, there were 76 active listings, down 32.7% from last June and down 53.1% from June 2016. The average home sales price in St. Thomas was $294,471, up 5.5% from June 2017 and up 25.7% from June 2016.

A breakdown of some London Ontario neigbourhoods, 

The following chart is based on data taken from the National MLS® Report for May 2018 (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.

Average Home Sales Across Canada 2018

 March 2018 Numbers

February 2018 Numbers

January 2018 Numbers

House For Sale Westmount London Ontario, TLC Required

Photo Link
TLC Required

•  2 bath , 3 bdrm 4-level split – FOR SALE  $318,000 . Take Advantage of the location, price and condition, no warranties and sold as is
MLS® 121060

This 4 level side split in Westmount is waiting for your TLC. 3 +1 bedrooms, 2 bathrooms, fenced back yard and large deck, great family neighbourhood, schools and parks & shopping near by.

Sold as is , no warranties , no chattels, water heater may be a rental, 5 days irrevocable all offers, all measurements, zoning & taxes to be verified by the purchaser

Property information

London Ontario Real Estate Prices Up 10.8%, Sales Down 32.8%

February 2018 home sales in London Ontario & area were down 32.8% , yet prices increased 10.8%  as reported by The London and St Thomas Association of REALTORS® (LSTAR)* .

 Why?

There were 1,103 active listings, (homes for sale), down 26.4% from this time last year. This is the lowest level of inventory for London Ontario real estate since 2008!

Although inventory remains low, average home sales price in London and St. Thomas continues to rise. The average February sales price in the region was $349,848, up 10.8% over February 2017. By geographic area, London South was $375,329, up 15.3% from last February. In London North, average home sales price was $424,959, up 14.5% compared to the previous year, while in London East, it was $286,770, an increase of 10.5% from February 2017. In St. Thomas, it was $307,383, up 27.4% over last February.

One of the other factors to look at is the sales-to-new listings ratio & according to the Canadian Real Estate Association (CREA), a ratio between 40% and 60% is generally consistent with a balanced housing market. In February, London and St. Thomas had a sales-to-new listings ratio of 69.5%, which CREA says represents conditions in the marketplace that favours sellers. It illustrates the high demand and low supply trend currently happening in the region.

St. Thomas saw a total of 52 homes sold in February, down 25.7% from the same period last year. When looking at inventory, there were 71 active listings, down 32.4% from last February.

What does all this mean?

We are seeing multiple offers on houses and condos in London Ontario, sometimes as many as 8 or more offers on a property and those properties selling for more than the asking price. A well-priced home in good condition in a good neighbourhood has been selling within 3 days!

According to a research report, one job is created for every three real estate transactions and approximately $53,000 in ancillary spending is generated every time a home changes hands in Ontario.

  *These statistics are prepared for LSTAR by the Canadian Real Estate Association (CREA) and represent a data snapshot taken on March 1, 2018, based on reported sales activity between February 1 and 28, 2018.

The following chart is based on data taken from the CREA National MLS® Report for January 2018 (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.

February Home Sales London Ontario