Photo: 7 Gibbons Place is listed for sale at $1,398,000
We’re deep in the third wave of Covid, with more restrictions coming from the provincial government. The effect on our real estate market from this pandemic has been profound. The fear of infection has kept many people on the sidelines, not wanting to list their properties in this dangerous environment.
We will spend the rest of this year working the vaccine program to try and give breathing room to our lives and our economy, but it will likely take until the end of the year before we understand what comes next.
“The tightening of the market, with limited listings and a continued surge of buyers, will continue longer than affordable pricing can be sustained”
Suffice to say the tightening of the market, with limited listings and a continued surge of buyers, will continue longer than affordable pricing can be sustained. Life is short, stay safe, buy what makes you happy!
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: 210-1174 Hamilton Road
MLS number: 40078426
List price: $150,000
Days on market: 20
Size: 1 bedroom, 1 bathroom, 500 square feet
Listing agent: Matthew Regan, Broker, and Jeff Nethercott, Broker, Royal LePage Real Estate
High
Address: 7 Gibbons Place
MLS number: H4100586
List price: $1,398,000
Days on market: 19
Size: 4 bedrooms, 3 bathrooms, 2,589 square feet
Listing agent: Sarah Butler, Sales Representative, Re/Max Escarpment Realty Inc.
London North
Low
Address: 1002-600 Grenfell Drive
MLS number: 40086392
List price: $229,900
Days on market: 5
Size: 2 bedroom, 1 bathroom, 900 square feet
Listing agent: Scott Vannoord, Sales Representative, Sutton Group – Select Realty
High
Address: 62 Exmoor Place
MLS number: 40090323
List price: $2,200,000
Days on market: 6
Size: 4 bedrooms, 5 bathrooms, 5,020 square feet
Listing agent: Edward Placzek, Broker, Re/Max Centre City Realty
London South & West
Low
Address: 12-645 Wonderland Road South
MLS number: 40090558
List price: $239,900
Days on market: 5
Size: 2 bedroom, 1 bathroom, 980 square feet
Listing agent: Scott Vannoord, Sales Representative, Sutton Group – Select Realty
High
Address: 228 Commissioners Road East
MLS number: 400744617
List price: $2,500,000
Days on market: 35
Size: 5 bedrooms, 6 bathrooms, 4,890 square feet
Listing agent: Danny Gole, Sales Representative, and Daniel Louis Polakovic, Sales Representative, The Agency Real Estate
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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