Real Estate Recap: August 17 to 23, 2020
Residential market analysis and a sampling of high- and low-priced listings in London last week
THE SELLER’S MARKET continues unabated. The laws of supply and demand are driving our market. Pandemic-fueled relocations for people wanting out of the city, into the city, out of their condo, out of their rental, an improved yard, a smaller yard… you get the idea.
We are all being forced to re-evaluate our choices, the way we live, the environment we feel comfortable in. Nationally, Canada will become a haven for those seeking safety and security. Locally, we’re seeing people flee the big cities where density makes them feel more vulnerable.
“The trend towards working remotely is allowing London to become a true bedroom community to the GTA”
The trend towards working remotely is allowing London to become a true bedroom community to the GTA. There are a great many forces at work to keep the demand growing in our region ― don’t expect a normalized market until next year at the earliest.
Market analysis provided by Marcus Plowright, Sales Representative, A Team London. Marcus can be reached at 519-872-8326 or [email protected].
London East
Low
Address: 270 Burwell Street
MLS number: 40011326
List price: $150,000
Days on market: 4
Size: 3 bedroom, 2 bathroom
Listing agent: Ty LaCroix, Broker of Record, Sutton Group Envelope Real Estate Brokerage
High
Address: 397 St. George Street
MLS number: 266289
List price: $1,999,900
Days on market: 64
Size: 6 bedrooms, 3 bathrooms
Listing agent: Sherry Farid, Sales Representative, Re/Max Centre City Realty Inc.
London North
Low
Address: 812-600 Grenell Drive
MLS number: 274123
List price: $203,900
Days on market: 42
Size: 1 bedroom, 1 bathroom, 658 square feet
Listing agent: Christopher Brendan Mooney, Broker of Record, FSBO Real Estate Inc. Brokerage
High
Address: 10-756 Riverside Drive
MLS number: 275834
List price: $2,750,000
Days on market: 32
Size: 4 bedrooms, 5 bathrooms
Listing agent: Brittany Wurfel, Sales Representative, Royal LePage Triland Realty
London South
Low
Address: 904-135 Base Line Road West
MLS number: 40009804
List price: $189,900
Days on market: 4
Size: 2 bedroom, 1 bathroom
Listing agent: Nicole Therese McKenzie, Sales Representative, The Realty Firm Inc.
High
Address: 1918 Kilgorman Way
MLS number: 274844
List price: $2,550,000
Days on market: 31
Size: 5 bedrooms, 4 bathrooms
Listing agent: Dean Soufan, Broker of Record, Century 21 First Canadian Corp. Dean Soufan Inc.
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.