Real Estate Recap: April 14, 2021
Residential market analysis and a sampling of high- and low-priced listings in London
Photo: 215 Pebblecreek Walk is listed for sale at $1,799,900
THERE ARE BUYERS for every type of property today, in any condition, in any location. Listings simply don’t last on the market as this imbalance between the number of listings and the much larger number of buyers persists.
That being said, the biggest premiums are being secured by sellers marketing completely renovated and finished properties.
Perhaps it’s the scarcity of materials, contractors and service providers that make buyers prefer houses where all the “projects” are done. Perhaps it’s the impatience of not wanting to wait or the need for instant gratification, but buyers definitely will pay a huge premium for a completed property.
“We’re seeing enormous bonuses paid for magazine-quality interiors and exteriors”
We’re seeing enormous bonuses paid for magazine-quality interiors and exteriors. The moral of the story: You’ll almost always get a return on getting the work done in advance of selling. When in doubt, get a professional realtors advice in advance of listing.
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: 204-1174 Hamilton Road
MLS number: 40067682
List price: $150,000
Days on market: 48
Size: 1 bedroom, 1 bathroom, 437 square feet
Listing agent: Bill McLeod, Sales Representative, and Nikki Morris, Sales Representative, Century 21 Heritage House
High
Address: 7 Gibbons Place
MLS number: H4100586
List price: $1,398,000
Days on market: 26
Size: 4 bedrooms, 3 bathrooms, 2,589 square feet
Listing agent: Sarah Butler, Sales Representative, Re/Max Escarpment Realty Inc.
London North
Low
Address: 703-600 Grenfell Drive
MLS number: 40096154
List price: $269,900
Days on market: 1
Size: 2 bedroom, 1 bathroom, 900 square feet
Listing agent: Lou Lumani, Sales Representative, Royal Lepage Triland Realty
High
Address: 215 Pebblecreek Walk
MLS number: 40078395
List price: $1,799,900
Days on market: 6
Size: 5 bedrooms, 4 bathrooms, 5,139 square feet
Listing agent: Drew Johnson, Broker of Record, Coldwell Banker Power Realty, Brokerage
London South & West
Low
Address: 12-645 Wonderland Road South
MLS number: 40090558
List price: $239,900
Days on market: 12
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: 42
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.