Residential market analysis and a sampling of high- and low-priced listings in London last week
IT SIMPLY COULDN’T be a hotter real estate market in London. A record 1,275 homes sold in the London and St. Thomas area last month, with the average house price edging ever nearer to the $500,000 mark ― $487,120, which represents a 17.5 per cent increase over July 2019
Considering listing your home? Take these steps to get it ready: Declutter, make necessary repairs, update paint colours and flooring, tidy the flower beds, edge the lawn ― the returns on presenting a property in the best way possible are enormous.
Considering buying? You must get a mortgage pre-approval from a broker, sign with a realtor to represent you professionally in a property search, define your parameters (bedrooms, bathrooms, location, price, amenities, etc.), start viewing properties to best learn what’s important to you and what isn’t.
Buying or selling, the key is to be organized and plan ahead ― it will save you tens of thousands of dollars.
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: 277809
List price: $149,900
Days on market: 11
Size: 1 bedroom, 1 bathroom
Listing agent: Geoff Knight, Sales Representative, The Realty Firm Inc.
High
MLS number: 266289
List price: $1,999,900
Days on market: 49
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: 27
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: 17
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: 55
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: 63
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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