Byron London Ontario Real Estate Prices Are Up

 From January 1, 2017 to July 10, 2017, the Byron neighbourhood in London Ontario saw 145 houses change hands for an average price of $472,000 which was 105% of the asking price and these took about 14 days to sell!
 For condos in Byron, 50 were sold through MLS in London for an average $298,119 which was 104% of the asking price and these took about 32 days to sell.
 As you can see,the real estate market has set records for 6 consecutive months and July may be no exception. Will this continue?
 In this blog, I share with you the overall London real estate market, comparisons among other cities and my take on what I feel the market will do.
  Byron  in South West London is bordered by Wickerson Rd to the west, Southdale Road to the south, Commissioners Road to the north and Colonel Talbot Road to the east.                                        

Byron London Ontario Map

Get All the houses and Condos For Sale in Byron London Ontario

Byron has been consistently been a sought after London neighbourhood to live in and 2016 was no different with Springbank Park  (300 acres along a stretch of the Thames River and has 19 miles  of trails.) and the Thames River, Boler Mountain (a ski and mountain bike area known to the locals as “the bump), churches, schools, a library, a fire hall, a legion, a Masonic hall , bistros and dining, professional offices, medical, drugstores, LCBO, jewelers, drycleaners and more.

Nearby are public and private golf courses and walking & biking trails galore.

Walking in Springbank Park

The Optimist Club of Byron is an example of community volunteers giving back to the community with activities through out the year.

 

Byron London Ontario Real Estate

2016 House & Condo Sales in Byron in London Ontario

Byron London Ontario houses for sale in 2016 were in demand and highly sought after as 231 were sold for close to full asking price or more!

For the many followers of my real estate market price index, I stopped publishing an average house price in Byron because in this case, averages were not a true indicator of an average as we saw houses sell in Byron from as low as $227,500 and as high as $1,300,000!

79 condos in Byron changed hands through MLS in 2016, averaging 33 days on the market and selling for about 99.2% of the asking price.

There is a good selection of condo properties in Byron, starting from $175,000 for a townhouse up to $600,000 plus for a detached one floor townhome and a few high rise apartment condos with a proposed new Tricar building in 2017 across from Springbank Park.

Below are a few of the condo corporations in Byron in London Ontario

 

  There are 5 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 Neigbourhoods

Byron London Ontario Real Estate is Selling!

Houses and condos in Byron London Ontario is selling at a record pace, price wise and the amount of time it takes for a home to sell.

 Yes, this is a sellers market for Byron in London Ontario in 2017 and here is why:
  • March houses sold 104% of asking in 15 days, condos 102%
  • February houses sold for 106% of asking in 11 days, condos 101%
  • January houses sold for 101% of asking in 16 days, condos 101%

As a property owner in Byron, how can you take advantage of this market and if you want to move to Byron, what should you do?

What could you do?

What will you do?

Be wise!

Byron London Ontario House & Condo Market Hot!

    Byron London Ontario Houses & Condos                                    

Byron Map

Have you been thinking of moving to Byron, a family neigbourhood in south London that offers a lifestyle away from the hustle and bustle, yet minutes to downtown London?

A London neighbourhood that has Springbank Park and the Thames River, Boler Mountain (a ski and mountain bike area known to the locals as “the bump”), every kind of church you can think of,(if not church, a few restaurant bars ), a library, a fire hall, a legion, a Masonic hall and more.

Byron is a great family neighbourhood

Some great shopping, bistros and dining, professional offices, medical, drugstores, an LCBO (known to the locals as the “personality changer”), jewelers, drycleaners and more.

Easy access to the 401, 403, Lake Huron or Lake Erie, some great public and private golf courses, health clubs, walking trails, fishing and more.

Byron London Ontario Real Estate

2016 Numbers

From January 1, 2016 to August 18, 2016, 167 houses sold in the Byron neighbourhood for an average $386,753 which was 99.7% of the asking price. However, 26 houses did not sell in Byron and are either off the market or were re-listed.  Again, price and condition dictates if a home sells and how it is marketed.

At present, there are 33 houses in Byron for sale, and 9 of them have been for sale for over 60 days, again price or marketing? (I put a question mark because I know why, does the home owner know why? Buyers sure know why!)

55 condos have sold averaging $258,819 and these condos in Byron sold for 99.2% of the asking price and took about 31 days to sell. In this same period, unfortunately, 15 condos did not sell. There are 16 condos available for sale as of August 18 and 6 of them have been on the market over 60 days!

2015 Numbers

215 houses in Byron in London Ontario changed hands for an average price of $362,712 which was 98% of the asking price and were on the market for only 29 days!

In the same period, 85 condos in Byron sold for an average price of $251,333 and these sold for 98% of the asking price and took about 45 days to sell.

2014 Numbers

218 houses changed hands for 98% of the average asking price of $368,238 and took on average 32 days to sell.

Byron Ontario Real Estate is selling

Condos in Byron did well with 48 being sold for 99% of the average asking price of $220,596 and those that did sell, sold in 38 days!

  There are 5 elementary schools in Byron:

  • Byron Northview Public School
  • Byron Somerset Public School
  • Byron Southwood Public School
  • St. George Catholic School
  • St. Theresa Catholic School.

There are two secondary schools serving the needs of Byron students. The closest is St. Thomas Aquinas Catholic Secondary School in the London District Catholic School Board,  across the Thames River. Students of any religious denomination may attend.

Most secondary school age students in Byron  attend Saunders Secondary School in the Thames Valley District School Board in the Westmount suburb of London. Though they do not live within the drawing area, a number of secondary school age children from Byron currently attend Oakridge Secondary School, located in the Oakridge suburb of London.

                      Springbank Park

                                     Springbank Park in the Fall

Springbank Park is 300 acres along a stretch of the Thames River and has 19 miles  of trails.

Walking in Springbank Park

Other London Neigbourhoods