condos for sale london ontario: Byron Houses & Condos London Market is Hot! - 03/01/10 06:21 AM
The real estate market in London Ontario and Byronin particular has been very active since January (10 sales) and in February we saw 21 houses sell for 99% of the asking price of $373,869 and on average it took 39 days for a house to sell.
4 condos in Byron sold in an average 45 days and again at 99% of the asking price of $234,644.
Byron is proving as usual to be a popular and desirable neighbourhood with its amenities, schools, safety and proximity to all that London has to offer.
Feel free to contact me for up to … (2 comments)

condos for sale london ontario: Sunningdale Houses & Condos Are Selling Fast! - 03/01/10 04:06 AM
The real estate market in London has not seen the wild surge in buyer frenzy that some major cities have seen in February but sales are very brisk with both condos and houses selling on average for 99% of asking price.The average days on market for condos were 8 days and 14 days for 2 storey houses and ranches. The average selling price for condos in Sunningdale were $280,018 and for houses in Sunningdale, $509,900.
What this shows is that London is a balanced market with honest pricing of homes. Obviously houses and condos that are overpriced remain on the market … (0 comments)

condos for sale london ontario: Quickest Way to Get Your Oakridge House or Condo Noticed When Selling? - 02/24/10 08:51 AM
One of the biggest downfalls I see when marketing a house or condo for sale in London Ontario is that most real estate companies think that if they do the following:
Put a sign out front Put your home on MLS Maybe make up some feature sheets Maybe run an ad with their picture larger than your home Well, in this day of wise and intelligent consumers, you need quick, thorough exposure to all markets, not only on the web but WEB 2 areas as well.
Below are 2 neighbourhoods that I have exposed to buyers through a multiple of efforts … (0 comments)

condos for sale london ontario: What Do Men Really Want When They Buy a House? - 02/06/10 02:50 AM
I posted a blog yesterday about :What Do Women Really Want When They Buy a Home? http://tyslondonontarioblog.com/post/1476546/what-do-women-really-want-when-they-buy-a-house- and I was asked if there was a survey done on what men want.
For years it was the standard garage, games or recreational room, or a place for a shop etc. My experience recently has been kitchen work area, den or office, hot tub or jacuzzi type tub.
What has been your experience? I think we may be surprised with some of the comments.
Ty
… (21 comments)

condos for sale london ontario: January 2010 Was a Good Month For Real Estate in London & St.Thomas - 02/05/10 11:25 PM
 472 homes exchanged hands in the jurisdiction of the London and St.Thomas Association of REALTORS(LSTAR). The ten-year average for January home sales is 450 so we are in a stable market with February being quite promising.
This month's sales include 377 detached homes and 95 condos. The average price of a detached London home in January 2010 was $235,416, up 3.1% over December 2009, while the average price of a condo rose 7.3% to $172,722. The average price of total residential (both detached and condo) was up 3.5% over December, 2009 to $222,798. Over the last three years the average year to date … (4 comments)

condos for sale london ontario: What Do Women Really Want When They Buy a House? - 02/05/10 07:48 AM
What do women really want when they buy a house? A recent survey of 1000 women done by a national bank asked:"Describe the best things about home ownership". The poll was to probe their motivations and needs:
44% said they bought their home to feel "financially secure".
40% wished they had more knowledge about the fees associated with buying a home.34% bought a home to be able to "decorate or renovate the way they want."
32% wanted more information about the annual costs of ownership.
30% wanted more information on mortgage options.
I found the above quite interesting and in turn have … (15 comments)

condos for sale london ontario: Pond Mills Houses & Condos Selling Fast January 2010 - 02/04/10 06:16 AM
Houses and Condos in Pond Mills sold quickly in January with 4 houses seeling for 99% of the average asking price of $208,900. Those sold averaged 36 days on the market.
For Condos in Pond Mills, 4 sold in January as well for 97% of the asking price of $133,650 and the ones that sold were on average sold in 38 days.
With 8 houses and 7 condos available so far in February, you can see how robust the area is with its location and prices being quite favourable.
Knowing which way to go if you are either a buyer or … (0 comments)

condos for sale london ontario: Brownstone Condo Townhouse in London Core Area - 02/04/10 05:13 AM
This upscale brownstone 2+1 bedroom condo is close to downtown, Richmond Row, UWO, Hospitals and other great London amenities.Is only 6 years old!
This quality constructed  condo has been upgraded with high end carpet, designer plumbing fixtures, designer paint and kitchen lighting.
This end unit has a double patio/deck with privacy and a garage.
Beautiful hardwood floors, ceramic in lower, 9` ceilings, gourmet kitchen, 5 high end appliances and the list goes on.Price includes window covers as well!
Large master bedroom with cheater ensuite. This unit boasts loads of storage, large room sizes, lots of light, a place you will love … (2 comments)

condos for sale london ontario: Oakridge Houses Sold For 101% of Asking Price in January - 02/02/10 04:14 AM
There were 7 houses that sold in the Oakridge area of London in January at an average price of $307,543 which was 101% of the asking price of $305,329 and on average these homes were on the market 52 days!
There were 4 condos in Oakridge  that sold at an average price of $178,453 which was 97% of the $184,200 asking price and on average those condos were on the market for 68 days.
At the present time there are 10 resale houses for sale in Oakridge and 7 condos available. As you can see by the January numbers, fence sitting … (0 comments)

condos for sale london ontario: What Byron Homes & Condos Sold for in January 2010 - 02/01/10 05:58 AM
January was a pretty busy month for the Byron area with 10 houses selling with an average asking price of $373,869 and selling for 99% of that which was $371,750. The average days on the market was 69 days, however, that number gets skewed by new homes which were put on the market.
At present there are 26 houses on the market and 11 of those are brand new.
5 condos in Byron sold for $230,200 which was 98% of the asking price of $234,020 and the average time these took to sell were 56 days and of this writing, 5 … (0 comments)

condos for sale london ontario: Variable or Fixed Mortgage? Both Have Merit! - 01/31/10 02:24 AM
You have just decided to purchase a home or your mortgage is up for renewal and you have a decision to make. Do I get a variable or a fixed mortgage?I get asked this all the time as a REALTOR® and my first question to you is what is your comfort zone? I cannot predict the future but I can help you prepare for the future by finding out what is most important to you regarding your financial health.
Some people are risk adverse and want to know what their payments are going to be consistently for the next 5 - … (9 comments)

condos for sale london ontario: Ethics of Defaulting On A Mortgage - 01/30/10 12:53 AM
Where do you stand if some one defaults on a mortgage that they still can afford to pay, but choose not to, because their property value has dropped way below the amount of their mortgage?
Jeffery L. Seglin, a professor at Emerson College in Boston who teaches ethics was posed this question and in turn his reply was twofold.
A mortgage agreement is not a promise to do one of two things, either to make the payments or to give up the house. It's a promise to make the payments, period. Giving up the house to a bank is a penalty  for … (10 comments)

condos for sale london ontario: Are You Going To A Lot of Open Houses? - 01/29/10 07:19 AM
Do you find yourself getting that urge to drop-into Open Houses, even when you're busy?  You're not alone.  Many homeowners visit open houses to get design ideas, or to see how their home compares to the neighborhood.
 But if you find yourself attracted to Open Houses frequently, you might want to ask yourself "why."   You might just find that, even though you're happy with your current home, you might be subconsciously searching for your dream home.  Perhaps you want a bigger yard.  A quieter street.  A gourmet kitchen. A new neighbour or get away from one?
 Whatever the reason, I can … (2 comments)

condos for sale london ontario: Your Guide To London Ontario House Prices 2010 - 01/28/10 05:23 AM
Your Guide To London Ontario House Prices and London area Real Estate!
In this guide you will find pictures of properties that are representative of the different house styles you will find in London. This guide also includes a helpful map outlining the city and some community information and numbers, such as schools, utilities and more.The properties each have descriptions and a price range.  The current prices are as follows:
 
 A= up to $150,000
 B= $150,000 - $200,000
C= $200,000 - $250,000
D= $250,000 - $300,000                
 E= $300,000 - $400,000
F= $400,000 - $500,000
G= $500,000 and up
To receive … (0 comments)

condos for sale london ontario: Upscale Condo Bungalow For Sale in Exclusive Riverbend - 01/28/10 04:55 AM
Welcome to Rembrandt River West, an elegant and upscale community in North West London.
This Delaware Builders Show home is a bungalow with1352 square feet on the main floor and has a finished basement.Oak Hardwood flooring in foyer, main hall, great room and dining room. Ceramic flooring in kitchen and bathrooms.  Upgraded carpet in master bedroom and second bedroom/den on main floor. Master bedroom has a walk in closet with shelving, the ensuite has a jet tub and a separate shower with a quartz countertop.Maple kitchen cabinets with quartz countertop. Basement is finished with electric fireplace, 3 pc bath, french door … (2 comments)

condos for sale london ontario: How TO Select Home Improvements That Pay Dividends? - 01/27/10 03:57 AM
  Generally speaking, there are two ways to go about home improvements.  You're either going to splurge on your home because it's your palace and you simply want a beautiful place to live, OR, you're going to take a more logical, pragmatic approach designed to increase your home's value. Problem is, you'll never achieve both.   In fact, many homeowners expose themselves to the very problems they're trying to avoid in the process of home fix-ups.
     Take Carol and Tom Jenkins, who four years ago purchased a home for $190,000.  Since buying their home, they've spent over $60,000 fixing it up and making … (4 comments)

condos for sale london ontario: The Great Refrigerator Roundup - 01/27/10 12:44 AM
That old, inefficient second fridge of yours could be wasting between $120 - $150 per year in electricity. Every Kilowatt counts and the Ontario Power Authority will take away your old fridge or window air conditioner for free!Below is a link that will explain more of this valuable service  from the OPA and for more useful information on energy or real estate tips and fresh ideas, you know you can visit www.enveloperealestate.com anytime or call 519-435-1600.
The Great Refrigerator Roundup will collect your old energy-guzzling appliances. To qualify, you must have at least one appliance as shown in the "primary appliance" category … (6 comments)

condos for sale london ontario: Avoid These Buyer Traps When Buying Real Estate - 01/24/10 09:11 AM
    Shopping for a home is an emotional experience. It's also time consuming and comes with a myriad of details. Some buyers, (and their sales person), however, caught up in the excitement of buying a home tend to overlook some items. Their home purchase then turns into an expensive process! These errors generally fall into three areas:
Paying too much Losing a dream home to another buyer Buying the wrong home  When you have a systematic plan before you shop, you'll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
 Bidding … (6 comments)

condos for sale london ontario: Real Estate Market Value or Replacement Cost? - 01/24/10 08:48 AM
Over 70 percent of homes in the United States and Canada are underinsured.  And, of those homes, 70 percent are underinsured by at least 30 percent.  This is a major problem!  The confusion between market value and replacement value is where many of these problems originate. 
  Many people base their insurance coverage on the market value of their home.  Market value is what a buyer will pay for your property, but this is irrelevant if your home is destroyed.  What you should really be basing your coverage on is replacement value.  This is much more complicated to compute. 
When computing replacement value you must … (2 comments)

condos for sale london ontario: Condos in London One Floor Bungalows - 01/21/10 06:17 AM
We have just made arrangements with Rembrandt Homes, a quality builder in London Ontario to represent their executive one floor condos in the upscale neighbourhood of Riverbend in west London.A quiet enclave of 55 units of attached bungalow condominiums from London's premiere builder of condominium residences.
Located 5 minutes west on Oxford Street, just past Sanitorium Road in London's fastest growing executive community. Continue along Oxford to Westdel Bourne, turn right and continue two blocks.Walking trails, parks, golf, shopping at the new Oakridge Mall just minutes away. Five minutes from Springbank Park, London's foremost recreational park. Only 20 minutes from the London Health … (8 comments)