Real Estate Recap: November 9 to 15, 2020

Residential market analysis and a sampling of high- and low-priced listings in London last week

Photo: 132 Chantry Place is listed for sale at $2,950,000

THE SECOND SNOWFALL of the year exemplifies the cooling of the real estate market, as new listings slow down and the inventory of homes declines.

Recent escalations in Covid-19 infections are tightening restrictions and may serve to have a further slowing effect on listings.

Despite the reduced number of listings and transactions, prices have continued their relentless climb, and there are still multiple bids for most properties at the bottom half of the market.

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: 24-3920 Dundas Street East
MLS number: 40040316
List price: $109,900
Days on market: 15
Size: 1 bedroom, 1 bathroom, 980 square feet
Listing agent: Brian Barfoot, Broker of Record, Peak Premier Realty & Auctions Inc. Brokerage

High

Address: 270 Victoria Street
MLS number: 40038351
List price: $989,900
Days on market: 24 
Size: 3 bedrooms, 4 bathrooms
Listing agent: K. Ross Bentley, Sales Representative, Sutton Group Preferred Realty Inc.

London North

Low

Address: 17-1460 Limberlost Road
MLS number: 40044707
List price: $299,900
Days on market: 1  
Size: 3 bedroom, 2 bathroom, 1,600 square feet
Listing agent: Faisal Anwar, Sales Representative, and Jie Dan, Broker of Record, Sutton – Jie Dan Realty Brokerage

High

Address: 132 Chantry Place
MLS number: 40034721
List price: $2,950,000
Days on market: 32
Size: 4 bedrooms, 6 bathrooms, 10,450 square feet
Listing agent: George Georgeopolous, Sales Associate, Re/Max Advantage Realty Ltd.

London South

Low

Address: 22-1096 Jalna Boulevard
MLS number: 40044512
List price: $229,900
Days on market: 1
Size: 2 bedroom, 1 bathroom, 920 square feet
Listing agent: Brad McClelland, Sales Representative, Community Real Estate Group Inc.

High

Address: 101 Edwin Drive
MLS number: 4274847
List price: $1,989,900
Days on market: 104
Size: 5 bedrooms, 7 bathrooms
Listing agent: Dean Soufan, Broker of Record, and Shahin Tabeshfard, Broker of Record, Century 21 First Canadian Corp.

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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.