Real Estate Recap: May 5, 2021
Residential market analysis and a sampling of high- and low-priced listings in London
Photo: 2801-505 Talbot Street is listed for sale at $1,200,000
APRIL WAS ANOTHER record month in house pricing and number of transactions, but the percentage rise has slowed ― and perhaps come to an end ― as we’ve seen considerable softening in the last few weeks.
Volume for 2021 is up enormously: almost 4,000 homes have changed hands in the London and St. Thomas region so far this year, a rise of over 57 per cent over 2020. That is perhaps the best reason why we’re seeing a softening in the market.
“The number of active buyers is falling, and the number of listings is booming, thus helping to create a more balanced market”
Active buyers have been fighting to win properties and bidding aggressively to get in the market, and thus triggering almost 4,000 transactions. The number of active buyers therefore is falling, and the number of listings is booming, thus helping to create a more balanced 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: 302-1174 Hamilton Road
MLS number: 40100223
List price: $129,000
Days on market: 8
Size: 2 bedroom, 1 bathroom, 642 square feet
Listing agent: Scott Vannoord, Sales Representative, Sutton Group-Select Realty
High
Address: 2801-505 Talbot Street
MLS number: 40086039
List price: $1,200,000
Days on market: 7
Size: 3 bedrooms, 3 bathrooms, 2,235 square feet
Listing agent: Laura Carapella, Sales Representative, Planet Realty Inc.
London North
Low
Address: 112-1600 Adelaide Street North
MLS number: 40107435
List price: $279,900
Days on market: 1
Size: 2 bedroom, 1 bathroom, 911 square feet
Listing agent: Mark Hammond, Sales Representative, Matt Lobsinger, Sales Representative, Century 21 First Canadian Corp., Brokerage
High
Address: 2681 Torrey Pines Way
MLS number: 40105070
List price: $1,899,000
Days on market: 7
Size: 4 bedrooms, 4 bathrooms, 3,847 square feet
Listing agent: Jay Parkinson, Broker of Record, Stronghold Real Estate Inc., Brokerage
London South & West
Low
Address: 503-1104 Jalna Boulevard North
MLS number: 40106268
List price: $199,900
Days on market: 1
Size: 1 bedroom, 1 bathroom, 689 square feet
Listing agent: Diogo Barreira. Sales Representative, Century 21 First Canadian Corp., Brokerage
High
Address: 3074 Westminister Drive
MLS number: 400744617
List price: $2,700,000
Days on market: 11
Size: 4 bedrooms, 3 bathrooms, 3,683 square feet
Listing agent: Robert Ure, Sales Representative. Alexis Day, Sales Representative, Century 21 First Canadian Corp., Brokerage
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.