There has been a lot of activity concerning real estate sales in Wortley Village, Old South London so far from January 1, 2017 to July 9, 2017 , with sale prices up , multiple offers, less days on the market (how many days it takes a house to sell) and a few buyer and seller frustrations!
148 houses were sold through MLS in this period, it took about 15 days to sell at an average $355,400 which was 104% of the asking price.
8 condos exchanged hands as well, taking around 18 days to sell, averaging $393,063 which was 102% of asking.
In this blog I wrote The London Ontario real estate market in July , the article reflects what Old South did compared to the rest of London Ontario and 10 other cities across Canada
As well, how some external events may have an effect on the real estate market, especially prices and may occur within the next feew months!
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 no cookie cutter homes.
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.
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.
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
A Map of Old South London Ontario