London, ON Real Estate News

By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Condos in Byron have sold quite well as of April 28, 2011 with 23 selling and  on average these homes in this great sought after neighbourhood were on the market for only 40 days!   Condos that are priced well, in great shape are always sought after and I am a believer that facts leave clues.   23 condos in Byron sold so far with an average sold price of $222,148 which was 98% of the asking price of $227,448.   As you can see, Byron real estate for the first 4 months in 2011 was active and I feel very strongly that May and June will be as well.   For an in depth analysis of the London Real estate market in London Ontario and what to expect, facts and honest answers, feel free to contact me with your questions or concerns.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Houses in Byron have sold quite well as of April 28, 2011 with 56 homes selling and  on average these homes in this great sought after neighbourhood were on the market for only 48 days!   As with most averages, some numbers can be deceiving , however, as I am aware of 13 of these homes which only took 3-5 days to sell! Homes that are priced well, in great shape are always sought after and I am a believer that facts leave clues.   The average selling price of a home in Byron was $323,330 and the average sold price was $315,919 which was 98% of the asking price. 23 condos in Byron sold so far with an average sold price of $222,148 which was 98% of the asking price of $227,448.   As you can see, Byron real estate for the first 4 months in 2011 was active and I feel very strongly that May a...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Contrary to popular belief, when selling your London Ontario condo its value is determined by one thing and one thing only - what a qualified buyer is willing to pay for it. No more and no less. Sure, many sellers will argue that their condo has an insurance replacement value, or an appraised value, or a tax assessed value, but unless your insurance agent, your banker, or your tax assessor is willing to write you a cheque for the condo - guess what? None of that matters. A home without a buyer has no value in the market place. Sure it might have a value to you the seller, and it might have a value to your banker, and to your insurance agent, and to your appraiser. But none of these people are buyers. So here is the secret to pricing your condo to sell - It's not what you think the condo...
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By Stephanie Bilodeau, Broker
(Red Door Realty Ltd, Brokerage)
London, Ontario 3 bedroom houses available for sale. For a list of all 3 bedroom houses avail for sale in  London Ontario email me today at soldbystephanie@bell.net and I will email you a complete list of all 3 bedroom house available for sale in London Ontario. I will also email you all new listings as they are listed on the MLS daily! If you are looking for a house for sale in a specific area, I can help you with that as well, I will notify you when a home becomes available in a certain area. This service is Free, there is no cost to you!   Call or email me today to make your dream of home ownership a reality!
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Not too often does a great 2 bedroom condo apartment come up for sale in this building with such a great view of Springbank Park in London.   This adult orientated highrise is in Byron at 1180 Commissioners Road W, is extremely well maintained, has a salt water in door pool and a short walk for shopping, drugstores and churches.   Very large room sizes, 2 bathrooms, 5 appliances and a 260 degree balcony.   Underground parking, economical living and what a view!
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Beautiful Byron raised ranch nestled in a safe and quiet neighbourhood in Byron. This house has loads of recent updates such as roof 2007, furnace and air 2006, metal chimney 2007, fence and shed 2009, front windows 2009, lower 3 piece bathroom, laundry room and entrance way 2011, main 4 piece bathroom 2010.The large eat in kitchen has lots of cupboards and a great view of the fenced backyard. The living room and dining room is an open concept with lots of light.Patio door to deck and back yard from Dining room.Master bedroom is a good size and the 2 other bedrooms are more than an ample size.There is a real operative working wood fireplace in the huge family room and a walkout to the back yard.Large laundry room as well.Inside entry to 1 1/2 car garage with loads of storage and a workb...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
 If you are just starting out in life or re-starting your life again after a few setbacks and want to own a home, here is a house at 317 Boler Road in Byron that will be a great start.  Listed at $160,000 in the heart of Byron, there are no other houses in Byron under $210,000 at the moment. So yes, you can buy lots of properties in London Ontario for under $160,000, but not in Byron!   And yes, you are going to have to replace some windows, redo the kitchen, do some painting and redo the floors, some drywall, this place is livable.I should say livable for those who understand that to get ahead, sometimes you have to sacrifice a bit, and I know most are aware of that, how do you think your parents or others can afford the home they have now?   They were willing to pay the price!    Are ...
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The White Oaks neighbourhood is a classic illustration of a balanced real estate market. House prices are steady and homes sell in a reasonable amount of time. Buyers have a selection to choose from and time to make their decision in one of London's most affordable neighbourhoods. In February 2011, the top performers were detached homes over 25 years old with an average sale price of $199,500 and a year to date average of $194,536. The average price of these homes was $190,096 in 2010. Townhouse condos rebounded in February with 6 sales averaging $123,733; up considerably from 2 sales in January for $99,000 For a more in-depth analysis of the White Oaks real estate market
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
     Lambeth is a neighbourhood in the south west of The City of London, Ontario, Canada.     On January 1, 1993, the Town of Westminster, including the village of Lambeth, became part of the City of London. To this day, some residents refuse to call the neighbourhood anything but Lambeth, Ontario.                                            Lambeth is a few minutes to London, great shopping, dining and social events are all close by. The 401 and 402 highways are 3 minutes away and within a 20 KM drive are 6 golf courses!     Schools and churches are close by along with professional services. Lambeth has homes from an entry level to executive homes and condos.    As of March 8, 2011, 14 homes have sold in Lambeth at an average selling price of $344,064 and on average, 70 days to sell.   ...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
  There were 14 homes that sold in Summerside so far this year from January 1 up to March 3, 2011.      11 houses sold at an average price of $250,808 and 3 condos at an average $182, 567. On average it took 44 days for a home to sell and the sold for 99% of asking price which shows the London Real Estate market is stable and no where near a bubble as some economists predict. There is still still a lot of new construction in Summerside along with a church, new retail and recreational fields. Summerside is access to the 401 highway, Airport Road, St. Thomas, Ingersoll and Woodstock.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
25 houses exchanged hands in Old South London & Wortley Village from January 1, 2011 to March 3, 2011.    The average selling price was $228, 544 and on average it took 49 days for a home to sell! Old South London remains a desirable neighbourhood with its own distinct mix of art, dining, culture and house styles. I am predicting a very hectic spring make for this neighbourhood as more and more home buyers are shying away from cookie cutter homes, small lots and little privacy. To keep abreast of this fast market and more insight of this great London neighbourhood, keep in touch.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
    552 homes exchanged hands in February 2011 in the London, St. Thomas area, down 8.8% from the previous year. A factor that was quoted by our local real estate board (LSTAR) was that we have to take into consideration the weather in January, which was unusually cold and snowy for our jurisdiction.   Below are some previous February Stats. Year FebruarySales 2011 552 2010 605 2009 480 2008 687 2007 708 2006 615 2005 657 2004 671 2003 619 2002 703       February 2011 sales included 436 detached homes (down 10.7% from the previous year) and 116 condos (down 0.9% from the previous year).  "When trying to determine how much properties have appreciated over time, we're starting to look more at their increase from one month to the next, rather than year over year," explains the president of...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
    From January 1, 2011 to March 2, 2011, 4 houses changed hands in the Riverbend area south of London with an average selling price of $385,400 and one condo sold in the $600,000 range.    The average days on market was 46 days and these homes sold for 98% of asking price. Historically, this neighbourhood picks up real estate steam in the spring as snowbirds return and the many area golf courses open.   If you are thinking of movng to this upscale neighbourhood, you have many options open to you, depending on your life style!
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
2-4 PM This Saturday & Sunday, March 5 and 6th, this beautiful 2 year old house will be open for you to view, adore and for the cost consience who appreciate value, a great buy! SPECIAL!!!!!!    SPECIAL!!!!!!          SPECIAL!!!!!!!!! Not only are we offering a fence or Move-in Allowance, but take another $5,000 off the price! Finished top to bottom with many upgrades, why buy new when you can get this home for only $324,900 on a 184′ lot in a great family neighbourhood, great schools, awesome array of shopping and amenities? See the Virtual Tour and for room sizes and other inclusions, the MLS# is 472085. I'll be there, stop in for a tour or to say hello or to ask questions.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
    35 houses have sold so far in the this great family neighbourhood of London Ontario from January 1, 2011 up to March 1, 2011.    The average selling price was $283,648 and on average these houses were on the market for 47 days!    8 condos changed hands in the same period, taking 41 days to sell at an average price of $214, 050.   With both houses and condos selling for 99% of asking price proves that the London Real Estate Market is stable and real estate prices remain one of the lowest in Ontario.   Oakridge is still sought after because of its location to some of the best schools in London, wide streets, mature trees and larger lots.   Whether buying or selling real estate in London, being prepared with facts, not opinions will ensure you can have the best of both worlds.
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
   Pond Mills in South East London Ontario remains one of the best values in home prices with 8 houses selling from January 1, 2011 to March 1, 2011 for an average price of $178,400 and it has taken about 5 days for a home to sell.    For condos in Pond Mills, $135,859 was the average asking price, 6 have sold since the New Year and these were on the market an average 60 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 and I can help make it all happen, whether buying or selling!
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
Real estate in Sunningdale, a trendy neighbourhood in North West London with easy and quick access to UWO & Masonville has done quite well from January 1, 2011 to February 28, 2011.    7 houses sold for an average price of $557,500 and on average, these homes took 69 days to sell.    3 condos sold at an average selling price of $292,900 and only on the market for 20 days!   Sunningdale remains a sought after neighbourhood because of its location, schools and shopping.    To get a jump start on your real estate search in this great London neighbourhood, being prepared is wise and can be cost effective and now you know who to call!
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
   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 February 28, 2011 was $409, 596 and 4 sold in this period for an average of $401,296 which was 98% of the asking price and these were on the market for about 69 days.    3 condos sold in this period for $281, 133 which was 100% of the asking price and these were only on the market for 20 days.    As you can see, this activity was in the supposedly slow season, what do you think March, April and May will be like?    With proper planning and knowledge, being prepared can ensure you the best value when buying or sell...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
  Once again, homes in the Whitehills, Hyde Park neighbourhood in North West London are selling quite quickly.   As of February 27, 2011, 36 houses sold and 11 condos sold and all at 97-98% of their asking price! Houses in Whitehills took an average 51 days to sell followed by condos at 64 days.   Houses in this popular London neighbourhood sold at an average of $252, 142 and condos at $151,197 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 schools and new shopping Big Box Stores being opened, this area is sought after.  Now is a great time to look for a home in Hyde Park because you have a great choice to choose from and beat the heated up Spring buyer ...
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By Ty Lacroix
(Envelope Real Estate Brokerage Inc)
   January & February in 2011 has proven to be a very busy real estate market in Masonville and Stoneybrook neighbourhoods in North London. With close proximity to The University of Western Ontario (UWO), The Research Park, teaching hospitals and of course, Masonville Mall, this area is a sought after neighbourhood to live and play! As of February 27, 2011, 11 houses sold with an average sold price of $401,527 which was 98% of the asking price of $410,282. 18 condos in the Masonville, Stoneybrook area sold at an average of $235,645 which was 100% of the asking price!  Both condos and houses were on the market for less than 36 days which proves that this area is hot and in demand. When there is a sellers market like this, as a buyer it is wise to work with a knowledgeable real estate bro...
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