Real Estate Recap: October 26 to November 1, 2020
Residential market analysis and a sampling of high- and low-priced listings in London last week
Photo: 101 Edwin Drive is listed for sale at $1,989,900
WE ARE EXPERIENCING the inevitable seasonal cooling of listings, but the market continues to boil. That was last week; looking forward we are faced with a deadlocked U.S. election, and forced to consider the implications of a drawn-out count and legal fight.
How will this affect Canada, its economy, its exports, and how we attract investment? I heard an anecdote this week that Americans are flooding Canada in search of escape from Covid and their politics. Of course, this is unlikely due to the closed border, but we may see expats streaming back this year.
Real estate, as an investment, is about security and confidence ― two things we may need more of in the coming weeks.
Buying and owning real estate in and around London is a privilege and a blessing: secure, free from political strife, appreciating and in high demand for a reason.
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: 24-3920 Dundas Street East
MLS number: 40040316
List price: $109,900
Days on market: 1
Size: 1 bedroom, 1 bathroom, 985 square feet
Listing agent: Brian Barfoot, Broker of Record, Peak Premier Realty & Auctions Inc. Brokerage
High
Address: 1010 Wellington Street
MLS number: 40024091
List price: $1,927,700
Days on market: 43
Size: 4 bedrooms, 4 bathrooms, 3,345 square feet
Listing agent: Richard Clinton Cane, Sales Representative, and Scott Purdy, Sales Representative, Royal Lepage Triland Premier Brokerage
London North
Low
Address: 205-1 Jacksway Crescent
MLS number: 40038112
List price: $269,900
Days on market: 11
Size: 2 bedroom, 2 bathroom, 900 square feet
Listing agent: Steve Wiggett, Sales Representative, Royal LePage Triland Realty
High
Address: 4-756 Riverside Drive
MLS number: 269169
List price: $2,300,000
Days on market: 131
Size: 4 bedrooms, 7 bathrooms
Listing agent: Jeffrey House, Sales Representative, Prime Real Estate Brokerage
London South
Low
Address: 1205-45 Pond Mills Road
MLS number: 40039533
List price: $224,900
Days on market: 5
Size: 2 bedroom, 1 bathroom, 906 square feet
Listing agent: Karen Greason, Broker, Re/Max Centre City Realty Inc., Brokerage
High
Address: 101 Edwin Drive
MLS number: 4274847
List price: $1,989,900
Days on market: 90
Size: 5 bedrooms, 7 bathrooms
Listing agent: Dean Soufan, Broker of Record, and Shahin Tabeshfard, Broker of Record, Century 21 First Canadian Corp.
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.