Real Estate Recap: November 30 to December 6, 2020
Residential market analysis and a sampling of high- and low-priced listings in London last week
Photo: 826 Colborne Street is listed for sale at $1,599,000
THE RECORDS KEEP falling. November sales were unprecedented. Prices were up almost 29 per cent year over year, with the average home price in the region hitting $536,178.
Seasonality is virtually non-existent, aside from further reducing the supply of listings in the market. As we approach year end, demand has not let go since this pandemic boom started in May.
Talk of a vaccine is increasing confidence that 2021 will normalize, further fueling economic recovery ― and possibly giving even more life to this bull real estate market.
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: $99,900
Days on market: 35
Size: 1 bedroom, 1 bathroom, 980 square feet
Listing agent: Brian Barfoot, Broker of Record, Peak Premier Realty & Auctions Inc. Brokerage
High
Address: 826 Colborne Street
MLS number: 40047933
List price: $1,599,000
Days on market: 7
Size: 4 bedrooms, 6 bathrooms, 4,300 square feet
Listing agent: Bill Vandeloo, Sales Representative, StreetCity Realty Inc.
London North
Low
Address: 221-1 Jacksway Crescent
MLS number: 40045014
List price: $319,000
Days on market: 24
Size: 2 bedroom, 2 bathroom, 900 square feet
Listing agent: Edward Milani, Sales Representative, Sutton Group – Select Realty
High
Address: 4-756 Riverside Drive
MLS number: 259169
List price: $2,300,000
Days on market: 165
Size: 4 bedrooms, 7 bathrooms
Listing agent: Jeffrey House, Sales Representative, Prime Real Estate Brokerage
London South
Low
Address: 19-198 Springbank Drive
MLS number: 40046347
List price: $112,900
Days on market: 18
Size: 2 bedroom, 1 bathroom, 880 square feet
Listing agent: Karen Greason, Broker, Re/Max Centre City Realty Inc.
High
Address: 1939 Kilgorman Way
MLS number: 40043054
List price: $2,250,000
Days on market: 11
Size: 5 bedrooms, 4 bathrooms, 5,107 square feet
Listing agent: Dean Soufan, Broker of Record, Century 21 First Canadian 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.