Hyde Park London Ontario Real Estate Sets Record

 Hyde Park London Ontario Real Estate Houses & Condo Prices

Hyde Park London Ontario real estate sales in 2017 set a record for home sales with 300 houses selling through MLS for 103.07% of the asking price and on average, taking 7 days to sell! 112 condos in Hyde Park were sold, average 100.04% of the asking price and the median days these took to sell was only 15 days!

I have prepared a breakdown of all those sales for 2017 in Hyde Park which you can receive instantly by going here.

Hyde Park is a neighbourhood located in North West London, with  Fanshawe Park Road West to the north Hyde Park Road & Sarnia Road centres the neighbourhood and east of Wonderland Road north, all the way to the south west corner of Oxford Road W . ( Whew! Here is the map, less talk!)

 

2016

    285 houses in the Hyde Park neighbourhood in London Ontario sold through MLS in 2016 , starting as low as $316,000 and up to $605,000 and these all sold close to asking price in about 31 days!

In 2016, 88 condos in Hyde Park were sold, from $218,000 to as high as $620,000 and these took about 41 days to change owners and for 98.4% of the asking price.

All the houses & condos for sale in Hyde Park London Ontario on MLS

 

Hyde Park Neighbourhood by City of London Ontario Hyde Park Neighbourhood as per The City of London

 

Hyde Park London Ontario Map

Other London Neighbourhoods

Are You Guessing When Buying a Condo in London Ontario?

Buying a Condo in London Ontario

When buying a condo in London Ontario, what  is the condo market going to do  for the rest of 2016? I don’t know as I cannot predict the future, but I can share with you some facts and my observations.

There are neighbourhoods of London where condos are on the market and sold within 3-5 days, and then there are those that can be on the market longer than 66 days. So like the weather, I know that  there will be sunny days and some rainy or cloudy days but in the condo market in London, I know which complexes, neighbourhoods and condo styles sell quicker than others and more importantly, the best values out there!

With the better condos in London selling for 99.2% or more of asking price, there are still units that can be had for 92-94% of the asking price.

Now the question is, are you a seller or a buyer? Both of you may want to know factual numbers and not opinions from your neighbours, your hair dresser or Uncle Bob who knows someone who knows someone  who was in real estate 7 years ago! (Seriously, I had a couple who took Uncle Bob’s advice! They now have gone through 2 different real estate representatives and their condo is still not sold! What a tragedy.)

As a buyer, knowing the difference between market price and the value price are two separate numbers, or I could add another value, the emotional perceptual value.

So, what is the condo market in London going to be like  in London Ontario for the rest of year? For the wise ones, very good, for some, not good at all!

Buying a condo in London Ontario should not be guesswork!