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.
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!
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.
Some Condo Properties in Oakridge in London Ontario