Riverbend Neighbourhood London Ontario Real Estate Prices

 

The Riverbend Neighbourhood London Ontario Real Estate Market  & Hunt Club West 

 In 2017, 77 houses were sold through our MLS system in the Riverbend neighbourhood of London Ontario, the median days these took to sell were 15 and sold for an average 98.9% of the asking price. 50 condos were sold as well, selling for close to asking price and taking about 25 days to sell.

 I have prepared an analysis of these sales and you can download all the sales and stats here.

Bike Trails galore in Riverbend

This is becoming a very sought after neighbourhood in the south west part of London Ontario, new homes are being built on a regular basis, there are very few cookie cutter homes and worth a drive to have a look.

Take Oxford Street West to Kains Road and see this neigbourhood with street names such as: Shore RoadKirpatrick WayRiverbend RoadTigerlily RoadJack Nash Drive and the beautiful gated Riverbend Golf Community.

You are just 11 minutes or less to downtown London, great shopping nearby and great nature trails, bike paths, golfing , or just not doing anything, you will enjoy the quiet.

With 5 golf courses within 4 km and for nature lovers, the walking trail along the Thames River is magnificent & there is also Warbler Woods Conservation area and Komoka Provincial Park.

city of London Ontario Riverbend neighbourhoodCity of London Riverbend Neighbourhood

Search houses for sale Riverbend London Ontario

 

Other London Neigbourhoods

Beautiful 3 Bedroom House For Sale London Ontario

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Great family neighbourhood, this 3 bedroom house at 22 Millridge Ct in London Ontario is value priced and a great move up home for a young family, it was for the present family!

•  2 bathrooms , 3 bedrooms, 2 storey – FOR SALE  CAD299,922 . Value Galore!
MLS® LS101001

What a nice 2 storey home in a quiet family neighbourhood. The kitchen was upgraded in 2016 with cabinets and a counter top. A very large bright living room with a walkout to a large 3 season sun room.

6 Appliances included.

A large fenced backyard with a garden shed and raised garden boxes. Upstairs are 3 good sized bedrooms and in the lower, a beautiful family room with a gas fireplace.

Lots of storage and furnace and air are 2009. Parking for 4 in the driveway.

Close to schools, shopping, trails and very easy access to Veterans Memorial Parkway.

Book your appointment today to come and see this value packed home.

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Muskoka in your London Ontario Back Yard? Yes

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Muskoka in Your Back Yard may not even describe fully the beauty and the work that the owners have created , come and have a look and add your creative touches and enjoy  a combined city and country living at 88 Cantley Crescent in London Ontario.

•  4-level split “Back Split” , much larger than it looks- FOR SALE  $369,988 . Why Buy a Cottage?

Where do you start to describe the features of this immaculate back split on a 240′ deep lot? I can talk about the granite counter tops and custom cabinets in the kitchen, the stainless appliances, gas stove, window shades, the large family room, a gas fireplace & oodles of storage.

Hard wood flooring, roof 2016, windows and doors 2014 and furnace and air about 11 years ago.

The 21 1/2 foot family room with a gas fireplace with lots of light is a nice treat in those cold nights.

However, the back yard is Muskoka within feet of your side door! From the covered BBQ cooking area, the huge 16′ x 32′ above ground pool that is 4 ‘ deep, , a beautiful deck , one 30′ x 16’ covered and another that is 20 x 16! Wooden walkways, outdoor bar and mood lighting.

A bunky or mother in law quarters has hydro to it , a fish pond and thousands of dollars in perennials, grass to play on and even a garden patch! If you love the outdoors, privacy and comfort, this home will appeal to you.

Make an appointment today!

Note: This home is much larger than it looks, you will be quite surprised when you step inside and wait until you walk out back.

Extra wide driveway, parking for 4 cars and a beautiful landscaped grounds.

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Quality House For Sale London Ontario 2143 Wickerson Road

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Great Family Neighbourhood, Quality 3+1 bedroom house for sale London Ontario at 2143 Wickerson Road in Wickerson Heights

•  1940 sqft , 4 bath , 4 bdrm 2 storey – FOR SALE  CAD514,900 . Loads of Upgrades
MLS® 100663

A beautiful custom built 1940 square foot 3 + 1 bedroom house that has been meticulously maintained and still looks like a model home. The landscaping has been professionally designed and built with a beautiful stamped concrete patio complete with a fenced back yard and sitting in the Wickerson Heights neighbourhood, high up on the bluff. Enjoy sunsets, a great view and relaxing while sitting on the back patio and bask in the sun and solitude!

From the grand foyer you will notice the high end finishes and upgrades, the open concept , the majestic kitchen, separate living room and a separate dining room.

Maple hardwood flooring with ceramic floors in the kitchen and carpet in the bedrooms. Main floor laundry room.

Upstairs a very large master bedroom with a walk in closed, a large master ensuite with a corner Azzula whirlpool tub and a separate stand up shower,

The other 2 bedrooms are a great size and the the guest bathroom is well laid out. The house is wired on all 3 floors for sound & has central vac.

A finished basement offers a 4 th bedroom or den & and the large 24.2′ x 15.9′ rec room and the 4th bathroom only needs to be finished.

An oversized double car garage and an interlocking stone driveway. Check out the 141 ‘ deep lot, room for a pool if required.

If you cherish quality, a quiet lifestyle and a peaceful setting, why not have a look, this house appeals to those who appreciate serenity!

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8 Year Old House For Sale London Ontario With a View!

6 year old house for sale London Ontario
Beautiful Sunsets

•  1940 sq ft , 3 1/2  bath , 4 bdrm 2 storey custom built house in a new, upscale area of London Ontario – For sale for only   549900 CAD . Like new, just bring your toothbrush.
MLS® 603933

This 8 year old custom built home by Sifton , 3 + 1 bedrooms has been meticulously maintained and looks like a model home. Professionally designed landscaped grounds with a beautiful stamped concrete patio , fenced back yard and sitting in the Wickerson Heights neighbourhood. Enjoy sunsets, a great view and relaxing . Sit on the back patio and bask.

From the grand foyer you will notice the high end finishes and upgrades, the open concept , the majestic kitchen, separate living room and a separate dining room.

Maple hardwood flooring with ceramic floors in the kitchen and carpet in the bedrooms. Main floor laundry room.

Upstairs a very large master bedroom with a walk in closed, a large master ensuite with a corner Azzula whirlpool tub and a separate stand up shower,

The other 2 bedrooms are a great size and the the guest bathroom is well laid out. The house is wired on all 3 floors for sound & has central vac.

A finished basement offers a 4 th bedroom or den & and 24.2′ x 15.9′ rec room and the 4th bathroom only needs to be finished.

An oversized double car garage and an interlocking stone driveway. Check out the 141 ‘ deep lot, room for a pool if required.

If you cherish quality, a quiet lifestyle and a peaceful setting, why not have a look, this house appeals to those who appreciate serenity!

Property information

Why Is The London Ontario Real Estate Market So Vibrant?

I am always asked when is the best time to list a house or a condo on MLS in London Ontario, and:

  • how is real estate doing?
  • what are  prices like?
  • does this chart show why?

Last 12 month inventory of homes for sale London Ontario

As you can see, there were 600 less  houses or condos for sale in  February 2017 than February 2016, meaning more buyers than sellers, meaning when demand is higher than supply, prices usually rise.

The most glaring part I would like to point out is, have you noticed the spread between units listed and units sold? For example, there were 1385 properties listed for sale, but only 837 sales, which means that 40% of the properties listed for sale did not sell!

I hear many excuses why homes do not sell or the rationalization of why some homes sell quicker than others and some, for more money.

Understanding the local market and facing the reality of it can be a double edged sword for many London home owners. Selling your home is not a lottery, or a gosh by golly whim, or just putting up a sign on your lawn or pricing your home because one of your co-workers and one of your friends told you your home is worth ‘x’, because they sold their home last year and know of a friend of a second cousin who has a friend who used to sell real estate part time. (whew!)

Yes, there are speculators and people from the GTA and their Realtors coming to London and buying houses and condos, (with very little knowledge of neighbourhoods in London Ontario, etc) and all too pleased to buy a home that is at minimum, half of what a GTA home sells for!

That someone is going to get hurt overpaying seems to be no concern for some.

I cannot predict the future and as I prefer to live in the moment,  my experience has proven to  me (and history has a habit of repeating itself) that real estate will sell based on price, condition and location and the amount of listings (competition) there are that compete with your home has an effect.

60% of the sellers got it right, 40% did not. Mr. and Mrs. Buyer decide on price in the end, not the seller.

Oh, and for buyers, why not go look at the 40% of houses that have not sold?  You will find what you want once the seller realizes their price is not realistic.

Interested?

 

 

London Ontario Real Estate Mirroring the Greater Toronto Area?

Is the London Ontario real estate market mirroring the Greater Toronto Area (GTA) in multiple offers, no conditions and overpaying for a house or a condo?

London Ontario Real Estate Market Mirroring the GTA?

We are getting real close!

When you see a house listed for sale in London for $375,000 and it sells in one day with 6 offers and the offer that was accepted with no conditions and a price of $425,000, sound similar?

When you see a condominium townhouse listed for sale at $149,000 and it sells in one day with 9 offers and the offer was accepted with no conditions and a price of $165,000, sound the same?

When you see a house listed for sale in London for $626,000 and it sells in one day with 4 offers and the offer that was accepted with no conditions and a price of $689,000, we’re getting there!

Or

What about the 157 houses for sale that have been on the market for close to 60 days and they have not sold?

What about the 63 condo townhouses or apartment condos that have been on the market and they have not sold?

Or

What about the  518 properties that have sold in the London and St. Thomas Association of Realtors (LSTAR) MLS area for an average 99.1% of the listing price from January 1, 2017 to today , January 24, 2017?

To answer the first sentence, though not experiencing the dollar amounts that the GTA experiences, over pricing is occurring, buyer frenzy is occurring and financial prudence seems to be a concept that is not adhered to.

I council my home buyers to be cautious, keep your emotions in check and what happens if you move in 3-5 years from now, will the rest of the properties on your street or in your apartment building or townhouse complex catch up on price?

For my sellers of property, price it right, show it right and market it right and you will be packing real soon!

Raised Ranch For Sale in Westmount London Ontario

478 Eaton Park Drive
Just Listed in Westmount, a desireable neighbourhood in London Ontario, with 4 bedrooms, large fenced back yard and only $310,000, MLS# 594098

Raised ranch in desirable Westmount area OF London Ontario

Solid brick, magnificent landscaped fenced back yard with wooden deck and a concrete patio. Very bright, modern open concept with hardwood and ceramic throughout the main floor.

A very large bright kitchen with a breakfast bar and dining area. Main floor family room and large living room with a gas fireplace that heats the house during winter.

The 2nd level has 4 good size bedrooms, another gas fireplace and a great play area . Crown molding and high baseboards through out .

New steel roof (2016) with a 50 year warranty, new windows throughout and well maintained.

Lots of storage, walking distance to schools.

Property information