real estate agent london ontario: Byron Homes Continue to Sell in London Ontario - 04/02/12 07:42 AM
Byron houses and condos continue to sell quite readily from January 1 to March 31, 2012. All the homes in this quiet south west neigbourhood of London sold for 98% of the asking price.
The average house was listed for $293,846 and they took 38 days to sell and 34 were sold. Condos did well with 21 being sold at an average price of $226,452 and these were on the market for 49 days.
Proof positive that this neighbourhood is still sought after because of the amenities that Byron offers.
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real estate agent london ontario: Lambeth Homes in London Ontario Sold Well - 01/12/12 07:57 AM
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real estate agent london ontario: Are You Cut Out For The Real Estate Business? - 01/10/12 06:15 AM
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real estate agent london ontario: Tenant Turnover & Vacancies - 01/06/12 02:42 AM
  Tenant Turnover & Vacancies
This week I was asked by an out of town investor with 11 units if I could assist her in understanding why on paper she should be doing better financially , but in fact, her income was way down because of tenant turnover, vacancies and questionable property manager fees. (I was not her real estate agent when she purchased the income properties).
Her buildings are in a decent part of London, have had major upgrades and her rents are a little below average. In a nutshell, here is what I discovered:
·         The property manager not … (7 comments)

real estate agent london ontario: London Ontario Real Estate Market Stable in 2011 - 01/04/12 08:09 AM
 London Real Estate Market Stable in 2011
  2011 proved a solid year for real estate sales in the London and St.Thomas area with 8,048 homes exchanging hands over its twelve-month course -- just 1% down from the previous year.
   “It was a little slow coming out of the gate, but in the end we finished strong, despite concern over the extent to which global economic worries would impact us locally,” says the LSTAR President for 2011.
   “December delivered a strong performance as well, with 384 sales, just 0.8% down from the previous December. “We are … (3 comments)

real estate agent london ontario: Summerside Homes in London Ontario Real Estate Facts - 01/04/12 02:56 AM

  There were 90 homes that sold in the Summerside neigbourhood in South east London in 2011.
    72 houses sold at an average price of $258,350 and 18 condos at an average $210,211. On average it took 63 days for a home to sell , 42 days for condos and homes sold for 98% 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 … (0 comments)

real estate agent london ontario: Oakridge House & Condo Update in London Ontario for 2011 - 01/02/12 04:48 AM
 263 houses sold in this great family Oakridge neighbourhood of London Ontario in 2011 with the average selling price being  $301,882 and on average these houses were on the market for 46 days & sold for 98% of the asking price!
  88 condos had changed hands, taking 45 days to sell at an average price of $207,835.
  With both houses and condos selling for 98-99% 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 … (0 comments)

real estate agent london ontario: Hyde Park Real Estate in North London Is Still Moving! - 12/30/11 04:38 AM
    Again, in 2011 homes in the Hyde Park neighbourhood in North West London have been selling quite well.
  In 2011,237 houses and 66 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 $321,991and condos at $242,285 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 … (1 comments)

real estate agent london ontario: Why Homes in Winter Sell Best - 12/22/11 09:39 AM
When I read "Homes listed in Winter Sell Best" I was a bit skeptical and thought that even though this was a study done by a well know reliable source, I would run some of my own numbers for Canada and especially my trading area. You know what, not far off.
So below, in it's entirety and no editing, is the report.
Homes Listed in Winter Sell Best! Recently we decided to dig into the reports and marketing data to see if it supported our feeling that winter is the best time to buy, and the worst time to sell. However, … (4 comments)

real estate agent london ontario: How & Why Home Sales have Done The Last 3 Years in London Ontario - 12/07/11 05:07 AM
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)

real estate agent london ontario: How Much of a Downpayment Do You Really Need to Buy Investment Properties in Canada? - 12/06/11 06:25 AM
 I work with many real estate investors in London Ontario who still think they have to have a minimum  20-25% down payment when buying income residential properties such as duplexes tri-plexs or 4 or more units. Below is a CMHC features and benefits and if you go here, you can read all about it.
CMHC Mortgage Loan Insurance enables Approved Lenders to help borrowers purchase multi-unit properties with a minimum of 15% down. Borrowers can also access competitive interest rates for the life of the mortgage and enjoy reduced renewal risk.
FEATURES
 Purchase – Loan-to-Value ratios up to 85% of … (2 comments)

real estate agent london ontario: Need a Condo Townhouse in North London Ontario? - 12/01/11 10:05 AM
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)

real estate agent london ontario: Home Sales in Oakridge Are Above Average in London Ontario - 11/03/11 02:43 AM
    236 houses have sold so far in the the great family Oakridge neighbourhood of London Ontario from January 1, 2011 up to November 2, 2011.
   The average selling price was $301,841 and on average these houses were on the market for 43 days & sold for 98% of the asking price!
  84 condos changed hands in the same period, taking 45 days to sell at an average price of $208,452.
  With both houses and condos selling for 98-99% of asking price proves that the London Real Estate Market is stable and real estate prices remain one of the … (0 comments)

real estate agent london ontario: Summerside Homes in South London Ontario Are Selling! - 10/31/11 06:28 AM

  There were 87 homes that sold in Summerside so far this year from January 1 up to October 31, 2011.
    70 houses sold at an average price of $257,680 and 17 condos at an average $209,047. On average it took 64 days for a home to sell and they sold for 98% 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 planned … (0 comments)

real estate agent london ontario: Byron Real Estate in London Sizzling - 10/24/11 07:53 AM
Houses in Byron have sold quite well as of October 24, 2011 with 177 houses selling and  on average these homes in this great sought after neighbourhood were on the market for only 41 days!
  As with most averages, some numbers can be deceiving , however, as 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 selling price of a home in Byron was $331,429 and the average sold price was $324,866 which was … (0 comments)

real estate agent london ontario: Butt Ugly But Not Price! - 09/28/11 08:30 AM
With a friendly price of $159,900 in the heart of London, short walk to Labatt Park, Blackfriars Bridge, London walking and Bike paths, Thames River and easy access bus routes to UWO and elsewhere, I bet you want to know something about the house?
Its a small cozy 2 bedroom, parking for 2 cars, on a 148' deep fenced lot and is in pretty good shape. I'll be doing an Open House there this Saturday from 2-4 at 110 Wilson Ave.
You can see some of it on Youtube or see a virtual tour here.
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real estate agent london ontario: Tempting Buy in North London if You Like the Idea of a Pool - 09/22/11 04:18 AM
If you have been looking for a home in the north part of London, you may be a little frustrated. The Northridge area may be one of the more traditional sections of town with older built homes, some dated but none of the cookie cutter homes on street upon street.
   At last, here is a price show stopper of a fair sized home located at 22 Carmen Crescent, it has great bones (meaning well built), on a 67’ lot, and is a lot larger than it looks.
The Draw Backs!
     The drawback to a home that is 43 years … (3 comments)

real estate agent london ontario: Summerside Neighbourhood in London Real Estate Activity - 09/06/11 09:44 AM

  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)

real estate agent london ontario: Oakridge in London Area Real Estate Numbers - 09/02/11 06:36 AM
201 houses have sold so far in the this great family Oakridge neighbourhood of London Ontario from January 1, 2011 up to September 1, 2011.
   The average selling price was $296,260 and on average these houses were on the market for 40 days & sold for 98% of the asking price!
  70 condos changed hands in the same period, taking 49 days to sell at an average price of $208,308.
  With both houses and condos selling for 98-99% of asking price proves that the London Real Estate Market is stable and real estate prices remain one of the … (0 comments)