Real Estate Recap: June 23, 2021
Residential market analysis and a sampling of high- and low-priced listings in London
Photo: 1382 Corely Drive is listed for sale at $2,698,800
THE JET FUEL of our local economy is the construction sector, and 2021 is shaping up to be the single greatest production year in our city’s history. And this is despite cost increases, material shortages and labour challenges.
It would be appropriate to acknowledge the building boom is spreading to the communities surrounding us. The growth in Strathroy, Mt. Brydges, Ilderton, Belmont and the like is simply exponential ― these towns will never be the same. Out-of-town buyers have helped to fuel this boom, as they find it easier to price standard 40-foot lots and costs per square foot of new homes in comparison to their local markets.
“Toronto buys in London, London buys in Komoka and Komoka buys in Mt. Brydges ― new home buyers head to St. Thomas and beyond”
Toronto buys in London, London buys in Komoka and Komoka buys in Mt. Brydges ― new home buyers head to St. Thomas and beyond. The pattern of driving till you qualify keeps the developers and builders busy.
New construction real estate is basically sold out until the end of 2022. As our economy climbs out of the clouds and soars in the near future, remember where the jet fuel is coming from!
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: 66-2189 Dundas Street East
MLS number: 40126525
List price: $149.900
Days on market: 14
Size: 2 bedroom, 1 bathroom, 900 square feet
Listing agent: Karen Greason, Broker, Remax Centre City Realty Inc., Brokerage
High
Address: 151 Travelled Road
MLS number: 40120910
List price: $2,800,000
Days on market: 22
Size: 11 bedrooms, 5 bathrooms, 6,120 square feet
Listing agent: Geoff Mitchell, Sales Representative, ReMax Centre City Realty Inc., Brokerage
London North
Low
Address: 705-600 Grenfell Drive
MLS number: 40120390
List price: $329,900
Days on market: 25
Size: 2 bedroom, 1 bathroom, 900 square feet
Listing agent: Samir Maita & Mike Wolliston, Sales Representatives, Century 21 First Canadian Corp., Brokerage
High
Address: 1382 Corley Drive
MLS number: 40129877
List price: $2,698,800
Days on market: 4
Size: 5 bedrooms, 5 bathrooms, 3,320 square feet
Listing agent: Kim Mullan, Broker, Sutton Group, Select Realty Inc., Brokerage
London South & West
Low
Address: 33-198 Springbank Drive
MLS number: 40125291
List price: $189,900
Days on market: 15
Size: 2 bedroom, 1 bathroom, 1,500 square feet
Listing agent: Ev Threadgould, Sales Representative, The Realty Firm Inc., Brokerage
High
Address: 3074 Westminister Drive
MLS number: 400744617
List price: $2,700,000
Days on market: 60
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.