condos for sale london ontario: Confused About Buying a Condo? - 02/14/12 01:37 PM
 Condominium living is a popular option for many Canadians as it can be a relatively carefree housing option. Currently, in some parts of the country, one out of three new homes built is a condominium. 
    Most  newspapers now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium.
This Guide has been created to help you become an informed condominium buyer and to help you make the best choice. Please see the glossary at the end of the Guide for full definitions of some of the terms used.
 
The … (1 comments)

condos for sale london ontario: Is London Ontario Facing a Real Estate Bubble? - 01/24/12 09:15 AM
Will the housing market crash in London Ontario? Is there a real estate bubble in London Ontario?  For the last few months, economists, the heads of three of Canada’s major banks (BMO, CIBC & RBC) agreed that the market is reaching its peak and though they do not foresee a crash, they feel that prices are likely to decrease this year and perhaps decrease for 2-3 years. (Some predict 25% across Canada)
Some are even predicting gloomier thoughts, such as a real estate bubble ready to burst. That may be so for cities like Toronto, Montreal, Calgary or Vancouver where new … (1 comments)

condos for sale london ontario: Home Prices in Pond Mills in London Ontario Are Lowest Around - 01/05/12 11:10 AM
Pond Mills in South East London Ontario remains one of the best values in home prices with 61 houses selling in 2011 for an average price of $202,600 and it has taken about 36 days for a home to sell.
   For condos in Pond Mills, $123,023 was the average asking price, 49  sold in 2011 and these were on the market an average 48 days!
  Pond Mills has a lot going for it and not just lower house prices. Very easy access to the 401 highway, great schools, shopping and public transportation.
  Real estate is affordable in London and with … (0 comments)

condos for sale london ontario: Hazelden Area Homes in London in Demand - 01/05/12 10:44 AM
47 homes changed hands in 2011 in  the Hazelden neighbourhood in West London with the average asking price of $425,201 and actually geting $403,940 which was 95% of the asking price and these sold homes were on the market an average 36 days!I
In this same period, 12 condos sold with an average asking price of $293,578, these sold for 97% of asking and were on the market an average 42 days.
As you can see by these numbers, Hazelden is a sought after neighbourhood in London Ontario, homes sell quickly and above the London and area average.
For further information … (0 comments)

condos for sale london ontario: Old South, Wortley Village Real Estate Activity Remain Strong - 01/04/12 11:19 AM
211 houses exchanged hands in Old South London & Wortley Village in 2011 with an average selling price
   of $266,222 and on average it took 38 days for a home to sell and these homes sold for 98% of the asking price!  3 condos sold in this neighbourhood as well.
Old South London remains a desirable neighbourhood with its own distinct mix of art, dining, culture and house styles. A lot of home owners have done some great renos and with deep lots, offer privacy that new neighbourhoods do not.
More and more home buyers are shying away from cookie cutter … (0 comments)

condos for sale london ontario: North London Uplands Neighbourhood Homes Sales 2011 - 12/29/11 12:53 PM
Uplands in North London is proving to be a desirable location in London Ontario because of easy access to the downtown, UWO and London Airport. As well, newer houses and condos are an attraction.
   The average asking price of a house in Uplands in 2011 was $399,349 and 73 sold for an average of  98% of the asking price and these were on the market for only 34 days.
26 condos sold in this period for $307,744 which was 99% of the asking price  and these took 61 days to sell.
   As you can see, the activity and prices in … (0 comments)

condos for sale london ontario: What Sells a Home & Why Most Won't Like This - 12/13/11 03:11 PM
This article was written by a very successful real estate salesperson who I happen to agree with and mirrors my experience and impression on why a home sells and how to get a home sold.
Ty 
What Sells a Home and Why Most Agents Won't Like This Article
by Scott Friedman
Chances are you're not going to like this article.
What I am about to write flies in the face of the vast majority of real estate agents in North America today.
That is, the number one thing that contributes to the sale of a home, in any market, … (4 comments)

condos for sale london ontario: How Exactly has Real Estate Done In London Ontario The Last 3 Years? - 12/09/11 11:17 AM
The other day on the news there was a report about real estate and the predictions for 2012 and the rising prices as well how in some cities in Canada the real estate market is booming while others remain  stable or are declining.
For those of you who know me you know I like to make decisions based on facts and as history repeats itself, I hope the following graphs will help you understand and see that the real estate market for houses and condos in London Ontario is stable and there is no reason why 2012 will be any different.
(0 comments)

condos for sale london ontario: How an Agent Should Work For You When Buying a Home - 12/08/11 12:00 PM
Things You Should Know Before You Hire Someone to Represent You to Help in Buying Real Estate.
Not all real estate agents are the same. If you decide you want to purchase real estate, you need some good information before you make any moves. The most important consideration is: Are you comfortable and confident with the agent you selected? Are they listening to me?
What does it cost as a buyer to use an agent?
The compensation that an agent receives typically comes from the seller’s proceeds. In other words, there is no cost for a buyer to use an agent … (5 comments)

condos for sale london ontario: How & Why Home Sales have Done The Last 3 Years in London Ontario - 12/07/11 01:07 PM
I am always asked when is the best time to list a home in London Ontario or how is real estate doing and what are the average prices. I also hear most excuses why homes do not sell or the rationalization of why some homes sell quicker than others and some, for more money.
Understanding the local market and facing the reality of the local market can be a double edged sword for many London home owners. Selling your home is not a lottery, or a gosh by golly whim, or just putting up a sign on your lawn or pricing … (2 comments)

condos for sale london ontario: How Condos Have Sold in London Ontario - 12/05/11 02:48 PM
As I work with both condo sellers and buyers, I am always asked what the market is doing, when is the best time to buy or sell, how much to offer and how much to list for.
    As with any condo, the neighbourhood, style and condition of a home reflects on price and quickly they sell.
   Below is a breakdown of condo sales in London Ontario from January 1, 2011 to November 30, 2011.
 
 
    Please keep in mind that these are averages. For my clients I do a break down of complex and building to ensure … (4 comments)

condos for sale london ontario: Need a Condo Townhouse in North London Ontario? - 12/01/11 06:05 PM
If location and convenience is important to you, if you like the idea of just moving in
this townhome may be just for you!

Has this happened to you? You look at many Townhome condos in many neighbourhoods and finally come across one that seems to have all the key features on your checklist. You don’t make an offer, you can’t really put your finger on it, but you know something is missing.
  What is lacking in these situations is the most important ingredient of all-an emotional connection to the home.
 
Homes do have ‘invisible’ qualities – an … (0 comments)

condos for sale london ontario: Hazelden in West London Home Prices - 11/08/11 11:37 AM
52 houses have sold in the Hazelden area from January 1, 2011 to November 7, 2011 The average selling price was $481,712 and these sold in 36 days or less at an average of 98% of the asking price.!
The highest went in the $830, 000 range and the lowest in Hazelden starts in the 340's.
Hazelden still remains one of the most sought after neigbourhoods in London and those who do live there, do not plan on moving soon.
For more details on this great neighbourhood or others in London Ontario, stay tuned! 
 
Anything that does come on the market … (0 comments)

condos for sale london ontario: Condos & Houses in Uplands in London Ontario - 10/28/11 10:13 AM
Uplands in North London is proving to be a desirable location in London Ontario because of easy access to the downtown, UWO and London Airport. As well, newer houses and condos are an attraction.
   The average selling price of a house in Uplands between January 1, 2011 and October 28, 2011 was $396,188 and 64 sold in this period for an average of  98% of the asking price and these were on the market for only 34 days.
24 condos sold in this period for $299,639 which was 99% of the asking price  and these only took 32 days to sell.
   … (0 comments)

condos for sale london ontario: Whitehills & Hyde Park Homes Are Selling in London Ontario - 10/26/11 11:16 AM
Again, homes in the Whitehills and Hyde Park neighbourhood in North West London have been selling quite well.
  As of October 25, 2011, 288 houses and 84 condos sold , houses for 98% of their asking price and condos 99%!  Houses in Whitehills took an average 42 days to sell followed by condos at 44 days.
  Houses in this popular London neighbourhood sold at an average of $252,630 and condos at $155,896 which shows that this neighbourhood remains very price competitive.
  Homes in the newer section of Hyde Park are ranging from $285,000 to $375,000 so as you can see, with the great … (1 comments)

condos for sale london ontario: London Ontario Real Estate Market Rebounding! - 10/05/11 12:22 PM
   Home sales in London Ontario overall in September 2011 were up 19.2% over the previous year, with 589 detached homes and 113 condos exchanging hands.
    As of September 30, 2011 , year-to-date sales are down only a very modest 0.8% compared to this time last year.
  Listings were also up 7.7% in September, and year-to-date listings are up 9% over last year.
  The average sale price for a detached home year-to-date now stands at $244,307, 5.3% up from January 2011, while the average price for a condo was $182,758, down 3.4% up from January 2011.
   … (6 comments)

condos for sale london ontario: Summerside Neighbourhood in London Real Estate Activity - 09/06/11 04:44 PM

  There were 71 homes that sold in Summerside so far this year from January 1 up to September 2, 2011.
    55 houses sold at an average price of $256,019 and 16 condos at an average $205,853. On average it took 49 days for a home to sell and they sold for 98.5% of asking price which shows the London Real Estate market is stable, especially this newer community .
This neighbourhood in south London is growing with  new retail planned, new parks and access roads.
Summerside is proving to be a well priced neighbourhood in London Ontario and the growth is well … (0 comments)

condos for sale london ontario: When is The Best Time to List a Home in London Ontario? - 08/29/11 03:21 PM
One of the most frequently asked question is "When is the best time to list?". Many factors come into play when deciding on when and without sounding snide, the best time is when you are emotionally and physically ready.
Like picking the stock market or who should be the Number 1 draft pick, you can gather all the facts and stats you want, only time will tell.
If I want shade, when is the best time to plant a tree, today or 5 years from now?
Homes that are priced near the market, are easily seen and marketed well and in … (0 comments)

condos for sale london ontario: What House Prices in London Ontario Have Been the Last 3 Years - 08/26/11 03:03 PM
Does knowing what house prices have been like over the last 3 years in London and South West Ontario do any good?
If you are planning on moving to London Ontario, I think it does. If you are thinking of listing your home in London Ontario I think it does. If you are a real estate investor, I think it does.
London and area real estate has been quite stable the last 3 years as the chart below shows and we do not get the large price swings that Vancouver, Calgary, Toronto or Montreal is seeing.
Again, London is proving to … (0 comments)

condos for sale london ontario: One Picture Can Tell You What The Real Estate Market is Like in London Ontario - 08/26/11 02:41 PM
Daily I am asked about how real estate is doing in London Ontario. When I say a balanced market or a buyers or sellers market ,I may get a nod of understanding but most of the time I  get "ah, OK"!
I read or heard that on average, our brain gets bombarded with over 1000 messages an hour and I don't know about you, but for me, that is 900 too many ! So, below is what the residential real estate market has done over the last 12 months from Aug 1, 2010 to July 30, 2011.

If there are more … (5 comments)

 

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