Residential market analysis and a sampling of high- and low-priced listings in London last week
LONDON’S HOMEOWNERS, SELLERS and landlords are winning. First-time homebuyers and those trading up are having a harder time. Renters struggle as vacancies rates are at an all-time low.
But there is another demographic that we often overlook: the hundreds in our community living on the streets and thousands awaiting affordable housing. Solving this problem is one of the most important challenges we face.
Indwell is a charity with a 45-year history of providing affordable housing communities for the most marginalized members of our society―those who struggle with mental illness, physical disabilities and addiction. Indwell’s Woodfield Gate opened a year ago at 356 Dundas Street, offering 67 one-bedroom units. Embassy Commons in Old East Village is starting construction this month, with 72 more units.
The A Team recognizes the need to expand support to those in greater need. To that end, we have pledged $50,000 to Indwell in support of permanent, affordable housing in London.
Realtors solve housing problems for more than 10,000 people each year in our city, and we invite others who have the means to join us in working to solve London’s housing crisis. This is a battle we can win!
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: 274768
List price: $159,900
Days on market: 12
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: 36
Size: 6 bedrooms, 3 bathrooms
Listing agent: Sherry Farid, Sales Representative, Re/Max Centre City Realty Inc.
London North
Low
MLS number: 274123
List price: $203,900
Days on market: 14
Size: 1 bedroom, 1 bathroom, 658 square feet
Listing agent: Christopher Brendan Mooney, Broker of Record, FSBO Real Estate Inc. Brokerage
High
MLS number: 275834
List price: $2,750,000
Days on market: 4
Size: 4 bedrooms, 5 bathrooms
Listing agent: Brittany Wurfel, Sales Representative, Royal LePage Triland Realty
London South
Low
MLS number: 267011
List price: $110,000
Days on market: 42
Size: 2 bedroom, 1 bathroom, 800 square feet
Listing agent: Karen Greason, Sales Representative, Re/Max Centre City Realty Inc.
High
MLS number: 264124
List price: $2,850,000
Days on market: 50
Size: 5 bedrooms, 6 bathrooms, 3,272 square feet
Listing agent: Rob Sanderson, Broker of Record, Re/Max Advantage Sanderson Realty Brokerage
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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