Real Estate Recap: May 25 to May 31, 2020

Residential market analysis and a look at the highest- and lowest-priced listings in London last week

FOR GENERATIONS, LONDON has been a safe, calm, measured city, often surrounded by more “exciting” swings of disruption, exuberance and downturns. Once again, our city seems to be calm within the surrounding storms of pandemic fear, economic collapse and geopolitical chaos. Spring weather, the loosening of Covid-19 restrictions and three months of pent-up demand are causing an increasingly robust real estate market for the London region.

“… but make no mistake, it is still a seller’s market ― now is a healthy time to be active in real estate”

Listings are growing, buyers are active and prices remain buoyant. The reasons for buying or selling are changing in these highly unique and challenging times, but make no mistake, it is still a seller’s market ― now is a healthy time to be active in real estate.

What follows are details for the highest- and lowest-priced active residential real estate listings in London last week. Listings are broken down into three regions: London East, London North and London South (which includes data from the city’s West region).

Market analysis and listing compilation provided by Marcus Plowright, Sales Representative, A Team London. Marcus can be reached at 519-872-8326 or marcus@ateamlondon.ca.

London East

Highest-priced listing

Address: 4 Meadowlily Road
MLS number: 219571
List price: $849,900
Days on market: n/a
Size: 3 bedrooms, 4 bathrooms
Listing agent: Heather Arnott, Salesperson, StreetCity Realty Inc., Brokerage

Lowest-priced listing

Address: 306-1176 Hamilton Road 
MLS number: 261572
List price: $115,000
Days on market: 181
Size: 1 bedroom, 1 bathroom
Listing agent: Scott Vannoord, Sales Representative, Sutton Group ― Select Realty

London North

Highest-priced listing

Address: 77 Victoria Street
MLS number: 255889
List price: $1,799,000
Days on market: 38
Size: 5 bedrooms, 4 bathrooms
Listing agent: Sallie A McFarlane, Sales Representative, Re/Max Advantage Realty Ltd.

Lowest-priced listing

Address: 188-1090 Kipps Lane 
MLS number: 256813
List price: $189,900
Days on market: 11
Size: 2 bedroom, 1 bathroom
Listing agent: Dorota Zakrzynska, Sales Representative, Oliver & Associates Real Estate Brokerage

London South

Highest-priced listing

Address: 3665 Homewood Lane
MLS number: 253990
List price: $2,980,000
Days on market: 50
Size: 5 bedrooms, 6 bathrooms, 5,500 square feet plus finished lower
Listing agent: Kim Mullan, Sutton Group ― Select Realty

Lowest-priced listing

Address: 20-198 Springbank Drive
MLS number: 240472
List price: $154,900
Days on market: 138
Size: 1 bedroom, 1 bathroom, 988 square feet
Listing agent: Karen Greason, Broker, Re/Max Centre City Realty