Real Estate Recap: June 29 to July 5, 2020

Real Estate Recap: June 29 to July 5, 2020 London Inc. WeeklyReal Estate Recap: June 29 to July 5, 2020 London Inc. Weekly

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

Real Estate Recap: June 29 to July 5, 2020 London Inc. WeeklyReal Estate Recap: June 29 to July 5, 2020 London Inc. Weekly

A SNAPSHOT OF the London and St. Thomas Association of Realtors’ year-over-year home resale prices for the month of June is below. Compared to June 2019, house prices in London have increased by 19.3 per cent.

We have been saying it for weeks and we will continue to say it: There is way more purchasing demand than supply of homes for sale in the London region. It’s a great time to own; it’s a tough time to be buying. Every month you wait to get into the market costs you money. 

It’s a great time to own; it’s a tough time to be buying. Every month you wait to get into the market costs you money

The best advice I can provide is to find a real estate broker you can trust and put them to work on your behalf. It’s a difficult environment to navigate. Trust a professional to protect you and guide you in this market.

Continue to stay safe and don’t let your guard down!

Area June 2020 Average Sale Price Change over June 2019
Elgin County $445,220 ↑ 32.6%
London $486,372 ↑19.3%
Middlesex County $547,444 ↑ 9.8 %
St. Thomas $382,862 ↑ 8.5%
Strathroy $425,277 ↑ 14.7%
LSTAR $473,998 ↑ 17.8%

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: 46 
Size: 1 bedroom, 1 bathroom
Listing agent: Scott Vannord, Sales Representative, Sutton Group – Select Realty

High

Address: 397 St. George Street
MLS number: 266289
List price: $1,999,900
Days on market: 15  
Size: 6 bedrooms, 3 bathrooms
Listing agent: Sherry Farid, Sales Representative, Re/Max Centre City Realty Inc.

London North

Low

Address: 511-600 Grenell Drive
MLS number: 258600
List price: $247,900
Days on market: 54  
Size: 2 bedroom, 1 bathroom, 1,000 square feet
Listing agent: Joan Butler, Sales Representative, Sutton Group Preferred Realty Inc.

High

Address: 4-756 Riverside Drive
MLS number: 269169
List price: $2,300,000
Days on market: 12 
Size: 4 bedrooms, 7 bathrooms
Listing agent: Jeffrey House, Sales Representative, Prime Real Estate Brokerage

London South

Low

Address: 77-198 Springbank Drive  
MLS number: 267011
List price: $127,900
Days on market:  21
Size: 2 bedroom, 1 bathroom 
Listing agent: Karen Greason, Sales Representative, Re/Max Centre City Realty Inc.

High

Address: 6501 Westminster Drive
MLS number: 268945
List price: $2,480,000
Days on market:1 1
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.

Recent Posts

Faces of women-led businesses: Kim Atkinson

Kim Atkinson, co-founder and chief operating officer at Foundery Digital Marketing Group, shares her unique perspective on what it takes…

16 hours ago

Faces of women-led businesses: Lindsay McDermott

Lindsay McDermott, founder and CEO of McDermott Group Consulting, shares her unique perspective on what it takes to build and…

2 days ago

Price check

Price check: High- and low-priced real estate listings around town this week

2 days ago

Commercial Activity: April 30, 2025

A summary of recent commercial real estate activity in London

2 days ago

Home of the Week: 7026 Diane Crescent

7026 Diane Crescent: $879,900 for a turnkey family home in a highly sought-after Lambeth neighbourhood

2 days ago

Faces of women-led businesses: Karen Blanchard

Karen Blanchard, owner of Natural Paws Pantry, shares her unique perspective on what it takes to build and sustain a…

4 days ago