ON AVERAGE, ABOUT 40 new listings come to Realtor.ca each day in the London region. There are 1,500-plus agents and literally thousands of individuals scanning daily for these new gems, hoping their next home, income property or perhaps renovation opportunity will hit the market.
These properties typically sell in a week or two and the inventory problem never gets resolved. It’s a seller’s market that is perpetuated by ongoing demand exceeding supply.
It’s a seller’s market that is perpetuated by ongoing demand exceeding supply
New home builders face shortages of lots, labour and materials, all while out-of-town buyers fuel that market. If you’re in the market, hire a professional realtor and make sure you’re ready for your dream property when it arrives!
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: 132-2189 Dundas Street
MLS number: 278366
List price: $149,900
Days on market: 28
Size: 3 bedroom, 1 bathroom
Listing agent: Reggie Tembo, Broker and Tanmeet Prabhakar, Salesperson, Streetcity Realty Inc.
High
Address: 397 St. George Street
MLS number: 266289
List price: $1,999,900
Days on market: 71
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: 49
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: 39
Size: 4 bedrooms, 5 bathrooms
Listing agent: Brittany Wurfel, Sales Representative, Royal LePage Triland Realty
London South
Low
Address: 109-45 Pond Mills Road
MLS number: 277896
List price: $215,000
Days on market: 28
Size: 1 bedroom, 1 bathroom
Listing agent: Daniel McCulloch, Salesperson and Brad Howard, Salesperson, Davenport Realty Brokerage
High
Address: 1918 Kilgorman Way
MLS number: 274844
List price: $2,550,000
Days on market: 38
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.
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