Real Estate Recap: December 22, 2021
Residential market analysis and a sampling of high- and low-priced listings in London
Photo: 3862 Southwinds Drive is listed for sale at $4,277,000
IN OUR WONDERFUL city and region, housing affordability is a challenge faced by many.
There are great developers and builders working to affect change and improve housing supply, and thus affordability. They lobby government, participate on committees, make enormous investments and bet on our combined future. Of course, they’re in pursuit of profit, but in the process many of these leaders, with their decades of experience, help to guide us forward.
I’d like to take a moment to acknowledge something else they’re doing, selflessly, because they know how and because they can.
“Builders recognize an effective solution when they see it, and they’re stepping up. In our region they are quiet champion’s working to end homelessness”
We have a growing problem in our community that is deadly and eats at the soul of our city: the plight of the homeless. Just as this challenge grows and seems unsolvable, real solutions are on the horizon. There are amazing organizations at work ― Indwell, Unity Project, Ark Aid Mission, Atlohsa, Mission Services, YOU, Salvation Army, London Cares, 519Pursuit and other health service providers.
We have direct experience with Indwell, a supportive housing model that has a proven 50-year track record in Ontario. They know how to turn a one-dollar donation into ten dollars of funding. They know how to build, effectively and sustainably. They take the pressure off our shelters and hospitals by making housing that works for those who never thought they’d live off the street.
Indwell has projects moving forward in London, St. Thomas and Chatham. They are a great model for the solution.
The development industry has taken notice. Builders recognize an effective solution when they see it, and they’re stepping up. In our region they are quiet champion’s working to end homelessness.
Regardless of our short-term pandemic challenges, it’s wonderful to know many developers and builders and their families are helping the most vulnerable among us ― and that’s holiday spirit worth celebrating!
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: 211-573 Mornington Avenue
MLS number: 40193465
List price: $210,000
Days on market: 13
Size: 1 bedroom, 1 bathroom, 685 square feet
Listing agent: Blake Ashley Palmer, Re/Max Centre City Realty Inc., Brokerage
High
Address: 1129 The Parkway Street
MLS number: 40177298
List price: $1,780,000
Days on market: 67
Size: 7 bedrooms, 4 bathrooms, 3,000 square feet
Listing agent: Carmen McClemont, Sales Representative, Century 21 First Canadian Corp., Brokerage
London North
Low
Address: 844 Oxford Street West
MLS number: 40195623
List price: $499,900
Days on market: 1
Size: 4 bedroom, 2 bathroom, 1,100 square feet
Listing agent: Daniela Schmidt, Sales Representative, Keller Williams Lifestyles Realty, Brokerage
High
Address: 1364 Corley Drive
MLS number: 40181989
List price: $1,995,000
Days on market: 53
Size: 5 bedrooms, 5 bathrooms, 4,019 square feet
Listing agent: Carlo Castellani, Sales Representative, Century 21 First Canadian Corp., Brokerage
London South & West
Low
Address: 309-735 Deveron Crescent
MLS number: 40195802
List price: $299,900
Days on market: 1
Size: 2 bedroom, 1 bathroom, 900 square feet
Listing agent: Mike Wolliston, Sales Representative, Century 21 First Canadian Corp., The Radcliffe Team
Address: 3862 Southwinds Drive
MLS number: 40193815
List price: $4,277,000
Days on market: 12
Size: 4 bedrooms, 5 bathrooms, 5,210 square feet
Listing agent: Michael Reis, Sales Representative, Prime Real Estate 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.