Houses in Byron sold quite well in 2011 with 208 houses & 63 condos being sold. On average these homes in this great sought after neighbourhood in west London were on the market for only 43 days!
As with most averages, some numbers can be deceiving , however, I am aware that some houses took less than a week to sell while others 2-3 months ! Homes that are priced well, in great shape are always sought after and I am a believer that facts leave clues.
The average asking price of a home in Byron was $335,689 and the average sold price was $328,785 which was 98% of the asking price.
The condos in Byron sold so on average for $230,203 which was 98% of the asking price of $235,305. I should mention here that there are some condos for sale in Byron starting as low as $139,000.
As you can see, Byron real estate in 2011 was active with an 4.3% increase in home prices and I feel very strongly that what will be occurring in 2012 and the change in demographics, the demand for homes in Byron will increase.
Would you like a thorough analysis of the London Real estate market in London Ontario and what to expect, facts and honest answers?