Riverbend houses and condos in London in 2017 have been selling quite well with prices up and the inventory of homes down.
From January 1, 2017 to July 9, 49 houses in Riverbend were sold through MLS for an average $654,518 which was close to the asking price and these took about 38 days to sell.
42 condo town houses were sold as well, averaging $397,191 and about 47 days to sell!
As you can see, the first 6 months of 2017, house and condo sales have almost reach the 2016 levels, prices were up and how long they took to sell was less.
Will this continue? Being a natural contrarian, I don’t think so and in this blog, I write why.
Riverbend Real Estate Market & Hunt Club West
55 houses sold in Riverbend/Hunt Club West neighbourhood of London Ontrio in 2016 through MLS , starting from as low as $316,000 up to $1,150,000 which was 97.6% of the asking price and these were on the market an average 51 days.
39 condos were sold in 2016 between $287,000 to $590,000 for 99.6% of the asking price and these were on the market an average 66 days!
60 houses exchanged hands in Riverbend & Hunt Club West in 2015 for an average sale price of $520,066 which was 97% of the asking price and on average; these houses took 49 days to sell.
In the same period, 22 condos sold for $372,877 which was 98% of the asking price and were on the market an average 65 days!
The Riverbend neighbourhood real estate market in West London saw 47 houses exchanging hands for an average sale price of $481,186 which was 98% of the asking price and those that did sell took approximately 51 days!
16 condos in Riverbend and Hunt Club West sold in the same period for 97% of the asking price of $397,462 and these condos were on the market 59 days.
This is becoming a sought after neighbourhood, prices are stable and yearly more services and businesses are being open.
Take Oxford Street West to Kains Road and see this neigbourhood with street names such as: Shore Road, Kirpatrick Way, Riverbend Road, Tigerlily Road, Jack Nash Drive and the beautiful gated Riverbend Golf Community.
You are just 11 minutes or less to downtown London, great shopping and great nature trails, bike paths, golfing and more.
With 5 golf courses within 4 KM, what can I say? For nature lovers, the walking trail along the Thames River is magnificent & there is also Warbler Woods Conservation area and Komoka Provincial Park.