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

Hyde Park London Ontario Real Estate Prices Still Up

Hyde Park London Ontario real estate prices are indicative of most of other London Ontario neighbourhoods.

2017 prices and the days it takes a house or a condo to sell in Hyde Park in London Ontario are setting all time records, will it continue? We are still seeing a shortage of quality houses and condos listed for sale and buyer demand has cooled a bit, I feel things will settle down late fall early winter.

 From January 1, 2017 to August 29, 2017, 234 houses in Hyde Park were sold through our MLS system for an average price of $400,454 which was 106% above the asking price and these were on the market an average 17 days!

 85 condos in Hyde Park sold for an average price of $252,353 which was 102% of asking and these took about 20 days to sell.

 As you can see, Hyde Park real estate is in demand, where do you stand if you are thinking about selling your house or condo in Hyde Park? What about buying?

What you do over the next 90 days is critical, I am sure you have heard that timing is important? In these roller coaster days of pricing and availability, this is where a professionalism comes into play!

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

 In 2015,  245 houses changed hands through MLS (on the market an average 37 days)  in the Hyde Park neighbourhood of London Ontario and those that sold, did so for $286,618 which was 2 % less than the asking price.

For condos in Hyde Park, 95 sold for an average $215,645 and these took about 53 days to sell.

 

Hyde Park London Ontario Housings Stats

In 2014

Home sales in 2014 in Hyde Park London Ontario were quite active with 294 houses selling for an average $281,782 which was 98% of the asking price and those that did sell were on the market an average 34 days.

In this same period, 138 condos in Hyde Park sold for an average price of $186,292 which was 98% of the asking price and these took an average 55 days to sell!

All in all, a very stable market and as Hyde Park keeps attracting more retail and service businesses, the housing market will continue to grow.

Hyde Park London Ontario Map

Other London Neigbourhoods

Hyde Park London Ontario House Prices Continue to Rise

2017 prices and the days it takes a house or a condo to sell in Hyde Park in London Ontario are setting all time records, can it continue?

Here is what has occured so far in 2017:

  •  March houses sold for 107% of asking and 19 days on the market and condos 106%
  • February houses sold for 103% of asking and 12 days on the market and  condos, 102%
  • January houses sold for 101% of asking and 16 days on the market and condos 100%

Where do you stand if you are thinking about selling your house or condo in Hyde Park? What about buying?

What can you do to protect yourself? What you do over the next 90 days is critical, are you protected?

In these roller coaster days of pricing and availability, this is where a professional Realtor really stands out!