Pond Mills Real Estate Glen Cairn Prices Rising

   Pond Mills real estate Glen Cairn  set records for prices in London Ontario for 2017 and as we are into the early part of 2018, we are seeing a real shortage of properties for sale.

145 houses were sold in the Pond Mills, Glen Cairn neighbourhood of London through our Mls system, taking about 8 days to sell and the median price was 101.87% of the asking price. 105 condos sold, which include townhouses and apartment condos averaging 17 days to sell and for about 100% of the asking price.

I have prepared a breakdown of these sales including address, sales price and how long it was on the market. You can get these numbers by going here.

2016

  144 houses in Glen Cairn, Pond Mills neighborhood of London Ontario sold through our MLS system in 2016 for  99.8% of the asking price from as low as $174,000 to $324,000 and these were on the market  less than 21 days! 102 condos were sold, from $82,000 to $235,000 for 98.7% of the asking price and took on average 51 days to sell.

Houses for Sale in Pond Mills, Glen Cairn    Condos for Sale on MLS London Ontario

As you can see, Glen Cairn Pond Mills have attractive home prices and the neighbourhood has alot going for it, take a drive, you may be surprised!

Other London Neigbourhoods

Want to know why people like to live in Pond Mills, Glen Cairn neighbourhood in south east London Ontario?

Nice walks in Pond Mills

Pond Mills and Glen Cairn offers a wide  variety of house styles, most with larger lots than the norm and some of the best values for the dollar in London Ontario. For condos in Pond Mills, there is a highrise apartment, some low rise apartment condos on Deveron and some great townhouse condos at a reasonable price.

Pond Mills Glen Cairn in London offers all the amenities that  London has to offer, plus, easy access to the 401 highway via either Highbury Ave South or Veterans Memorial Parkway.

 

        Pond Mills. a nature park inside London Ontario 

You also have 203 hectares of Westminster Ponds /Pond Mills Environmentally Significant Area (ESA)and  is the largest publicly owned ESA in London.

     The ponds and the 10.5 km Westminster Ponds Trails are  located south of Commissioners Road and east of Wellington Road, adjacent to the Tourist Information Centre, and across from Shoppers Drug Mart at Adelaide and Southdale and  eastward to Pond Mills Road

Trails to walk in Pond Mills   

  Why not take a drive out, go for a walk, even go fishing or canoeing if you want!

  Pond Mills Real Estate Map

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!