Real Estate Recap: June 8 to June 14, 2020

Residential market analysis and a sampling of high- and low-priced listings in London last week

OUR BUSINESS COMMUNITY has now been reopened for a few days. The streets are busier, our hair is shorter, patios are bustling and “normal” appears a possibility. 

Real estate is flourishing as forced hibernation and reduced fears of viral exposure induce listings and viewings. There were approximately 900 transactions that did not happen over the last three months ― about 230 per week normally anticipated for this time of year.

“It pays to already own; it’s challenging to be trying to get into the market”

Pricing continues to push upwards as demand exceeds supply. It pays to already own; it’s challenging to be trying to get into the market.

Make sure you work with a professional to navigate this multiple-offer battlefield. In the meantime, celebrate our heroic doctors, nurses, grocery clerks and the like who have kept us safe and helped us get this far!

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

London East

Low

Address: 306-1176 Hamilton Road
MLS number: 261572
List price: $115,000
Days on market: 17
Size: 1 bedroom, 1 bathroom
Listing agent: Scott Vannord, Sales Representative, Sutton Group – Select Realty

High

Address: 77 Victoria Street
MLS number: 255889
List price: $1,799,000
Days on market: 45 
Size: 5 bedrooms, 4 bathrooms
Listing agent: Sallie A McFarlane, Sales Representative, Re/Max Advantage Realty Ltd.

London North

Low

Address: 1600 Adelaide Street
MLS number: 251565
List price: $210,000 
Days on market: 54 
Size: 1 bedroom, 1 bathroom
Listing agent: Chieme Pulon Mugford, Sales Representative, Anchor Realty

High

Address: 10-1956 Richmond Street 
MLS number: 259688
List price: $1,695,000
Days on market: 33  
Size: 4 bedrooms, 4 bathrooms, 2,836 square feet
Listing agent: Dan Fraleigh, Broker, The Realty Firm Inc.

London South

Low

Address: 126-148 Conway Drive  
MLS number: 266060
List price: $179,900
Days on market:  4
Size: 1 bedroom 1 bathroom 
Listing agent: David W. Phoenix, Sales Representative, Sutton Group Preferred Realty Inc.

High

Address: 467 Commissioners Road East
MLS number: 265857
List price: $2,450,000
Days on market:  3
Size: 5 bedrooms, 6 bathrooms, 5,300 square feet
Listing agent: Bradley Gleed, Broker, Century 21 First Canadian Corp A Team Inc.

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Disclaimer: London Inc. does not guarantee the accuracy of the statistical data on this page. The data does not represent the listings of any one agent or agency but represents the activity of the real estate community in the area. Any real estate agent’s ad appearing is separate from the statistical data provided, which is in no way a part of their advertisement.