Riverbend Neighbourhood London Ontario Real Estate Prices

 

The Riverbend Neighbourhood London Ontario Real Estate Market  & Hunt Club West 

 In 2017, 77 houses were sold through our MLS system in the Riverbend neighbourhood of London Ontario, the median days these took to sell were 15 and sold for an average 98.9% of the asking price. 50 condos were sold as well, selling for close to asking price and taking about 25 days to sell.

 I have prepared an analysis of these sales and you can download all the sales and stats here.

Bike Trails galore in Riverbend

This is becoming a very sought after neighbourhood in the south west part of London Ontario, new homes are being built on a regular basis, there are very few cookie cutter homes and worth a drive to have a look.

Take Oxford Street West to Kains Road and see this neigbourhood with street names such as: Shore RoadKirpatrick WayRiverbend RoadTigerlily RoadJack Nash Drive and the beautiful gated Riverbend Golf Community.

You are just 11 minutes or less to downtown London, great shopping nearby and great nature trails, bike paths, golfing , or just not doing anything, you will enjoy the quiet.

With 5 golf courses within 4 km and for nature lovers, the walking trail along the Thames River is magnificent & there is also Warbler Woods Conservation area and Komoka Provincial Park.

city of London Ontario Riverbend neighbourhoodCity of London Riverbend Neighbourhood

Search houses for sale Riverbend London Ontario

 

Other London Neigbourhoods

London Ontario Real Estate Market January 2018

The London and St Thomas Association of REALTORS® (LSTAR) announced 400 homes were sold in January, down 28.8% from January 2017, which held the record for best January results since.

London Ontario Real Estate Market Graph

Why were sales down?

Very few homes for sale! There were 623 new home listings on MLS, down 31.8% from last January, and there were 1,020 active listings, down 27.7% from this time last year.

Average home sales price continues to rise across London and St. Thomas. The average sales price in the region was $333,424, up 9.8%, London South was $351,167 , up 11.5%, London North was $397,075, up 6.2%, London East, was $294,348, an increase of 32.1% from January 2017.

In St. Thomas, it was $247,135, up 19.7% over last January. 30 homes sold in January in St Thomas, down 36.2% from last year. There were 66 active listings, down 34.7% from last January, and there were 46 new listings, down 32.4% from the previous year.

As you can see, this is a seller’s market. A seller’s market is when there are more buyers than sellers and a lack of good homes for sale.

sellers Market London Ontario

What does this all mean?

If you were ever contemplating selling a house or a condo in London Ontario and area, now is a good time to capitalize on the market. Will the spring be better or worse? Who knows but what I do know, gambling on home prices is even worse than investing or should I say gambling in the stock market, mutual funds, playing the ponies or flipping a coin!

The following chart is based on data taken from the CREA National MLS® Report for December 2017 (Canadian Real Estate Association). It provides a snapshot of how average home prices in London and St. Thomas compare to other major Ontario and Canadian centres.

January 2018 London Ontario Real Estate Market Results

Talbot Village Lambeth London Ontario Real Estate is Hot

Houses in Lambeth Talbot Village  London Ontario and Southwinds neighbourhood have sold quite well from January 1 to July 14, 2017 with prices up and the days to sell down!

170 houses sold through our MLS system at an average price of $552,647 which was 101% of the asking price and these took about 33 days to sell. 5 condos changed hands, averaging $429,500 and were on the market about 18 days.

As you can see, great if you are selling and if you are a buyer, if you really take the time to know the market and try to keep emotions out of the picture, your purchase strategy will prevent you from overpaying.

Search all the houses & condos for sale in Lambeth, Talbot Village

142 houses in the Lambeth, Talbot Village, Southwinds Village neighbourhood in London Ontario were sold in 2016 from as low as $284,000 to $2,400,000 and these were on the market an average 38 days and sold very close to  asking price!

 4 condos were sold for an average $432,594 as per our MLS.  These took about 18 days to sell!

  In 2015

113 houses changed hands in Lambeth and  Talbot Village neighbourhood in south London in 2015 for an average price of $447,162 and sold for 97% of the asking price and took on average 44 days to sell!

In the same period, 8 condos sold at an average price of $380,475 which was 2% less than the asking price and were on the market an average 60 days.

  In 2014

2014 was quite active for Lambeth houses and condos with 119 houses exchanging hands for an average price of $412,343 and these sold for 97% of the asking price and sold within 42 days!

9 condos sold in the Talbot Village area at an average $395,333 and these were on the market an average 59 days and sold for 99% of the asking price.

 More London Ontario Neighbourhoods

 

Lambeth houses & Condos London Ontario

Lambeth is a neighbourhood in the south west of London about 10  minutes to downtown.

The 401 and 402 highways are 3 minutes away and within a 20 KM drive are 6 golf courses! There is a newer shopping plaza at the corner of Colonel Talbot Road amd Southdale Road West with groceries, a pharmacy, dining and fast food, banking etc. As well a newer neighbourhood  called Talbot Village.

Schools and churches are bountiful  along with professional services. Lambeth has homes from  entry level to executive homes and condos. Drive through Talbot Village for new houses and condos, Southwinds Village for some sprawling homes, or the Outer Drive area going south on Colonel Talbot Road or the heart of Lambeth, some quaint shops and a multitude of services.

 

Lambeth in London Ontario

Elementary Schools

Lambeth Public School

St. George Catholic School

High Schools
Saunders Secondary School

Regina Mundi Catholic College

St. Thomas Aquinas Catholic Secondary School 

Sports

Lambeth Minor Hockey

Lambeth Youth Soccer

London Area Sportsfields

Churches

Forest City Community Church

New Hope Community Church

St.George Roman Catholic Church

Trinity Anglican Church

Condo For Sale London Ontario $119,900

  a beautiful updated 2 bedroom Mills landing condo apartment in a well maintained & managed property.

Freshly decorated in neutral tones, new kitchen and bathroom in November 2016, ceramic floors in kitchen & bathroom, laminate in living/dining room & hallways.

Lovely gas fireplace for economical heat and comfort in the living room and patio doors to the balcony.

6 appliances and window coverings are included with easy access to Veterans Memorial Parkway, shopping and on a bus route.Condo fees include water.

A great salt water pool is on the grounds and an exercise center in the building across.

The condo fees include water and with the combination gas fireplace and electric heat, hydro is around $100 per month!

Condo for sale London Ontario $119,900
Superb Condition

•  1 bath, 2 bdrm apartment – $119,900. Inexpensive Living
MLS® #594664

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