JULY REAL ESTATE volume broke records across the country. August sales continued that trend. If you’re a property owner, you are enjoying the 20 per cent spike in average price gains in a year, but likely wonder, ‘When will it end?’
For context, consider our neighbour to the east, the Kitchener-Waterloo region. They’ve experienced price gains year-over-year of about 24 per cent and the average home price is approximately $150,000 higher than the London region.
When will it end? Consider the Kitechener-Waterloo region. They’ve experienced price gains year-over-year of about 24 per cent and the average home price is approximately $150,000 higher than the London region.
London continues to experience extraordinary increases, but remains cost-attractive relative to K-W. The Forest City is an affordable, livable, stable city to call home. Access to employment, healthcare, efficient transportation infrastructure and relative affordability ― no wonder we’re attracting so many buyers.
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: 34
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: 77
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: 55
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: 45
Size: 4 bedrooms, 5 bathrooms
Listing agent: Brittany Wurfel, Sales Representative, Royal LePage Triland Realty
London South
Low
Address: 909-1103 Jalna Boulevard
MLS number: 40016158
List price: $199,900
Days on market: 4
Size: 3 bedroom, 2 bathroom
Listing agent: Frances Fletcher, Salesperson, Jerry Dwyer, Salesperson and Barbara Ann Dwyer, Salesperson, Keller Williams Lifestyles Realty, Brokerage
High
Address: 1918 Kilgorman Way
MLS number: 274844
List price: $2,550,000
Days on market: 44
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.
With news media at a tipping point, an independent Spanish newspaper is managing to find new ways to grow
3-130 Windsor Crescent: $779,000 for a spacious and modern two-storey condo in Old South
A summary of recent commercial real estate activity in London
Surge of supply: London home inventory is now at its highest level since 2015, but buyers remain reluctant
Startup SaaS platform Appello aims to give smaller commercial subcontractors a leg up in field workforce management