Residential market analysis and a sampling of high- and low-priced listings in London last week
LIKE FIREWORKS ON Canada Day, London’s real estate market exited Covid lockdown with a bang! There is a significant increase in pricing and demand is surging.
“The low end of the single-family residential market now starts north of $300,000, with bidding wars dominating the sale process”
The low end of the single-family residential market now starts north of $300,000, with bidding wars dominating the sale process. The high end is also robust. We recently listed a home over $2.5 million, for which six different agents had qualified buyers who were eager to see it ― all on the same weekend.
During this this Canada Day week, feel proud of our country and confident in our city.
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
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
MLS number: 266289
List price: $1,999,900
Days on market: 1
Size: 6 bedrooms, 3 bathrooms
Listing agent: Sherry Farid, Sales Representative, Re/Max Centre City Realty Inc.
London North
Low
MLS number: 258600
List price: $247,900
Days on market: 40
Size: 2 bedroom, 1 bathroom, 1,000 square feet
Listing agent: Joan Butler, Sales Representative, Sutton Group Preferred Realty Inc.
High
MLS number: 269169
List price: $2,300,000
Days on market: 4
Size: 4 bedrooms, 7 bathrooms
Listing agent: Jeffrey House, Sales Representative, Prime Real Estate Brokerage
London South
Low
MLS number: 268709
List price: $104,900
Days on market: 7
Size: 2 bedroom, 1 bathroom
Listing agent: Lloyd Nordstrom, Sales Representative, StreetCity Realty Inc.
High
MLS number: 268945
List price: $2,480,000
Days on market: 3
Size: 5 bedrooms, 4 bathrooms, 3,147 square feet
Listing agent: Myra Hueniken, Sales Representative, Re/Max Advantage Realty Ltd.
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.
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