What was the real estate market for houses and condos like in the Stoneybrook Masonville Neighbourhood of London in 2009 and what to expect for 2010?
Houses & Condos in Masonville/Stoneybrook
From January 01, 2009 to December 31, 2009, 219 homes in Masonville/Stoneybrook exchanged hands and it took an average of 43 days for homes to sell.
The average asking price was $294,668 and those that sold, did so for 98% of asking which was $287,910.
Averages are a good starting point to understand the swings in price; but you must compare apples with apples . For an in depth report, give Ty a call.
What Does This All Mean? For Sellers: 
Economists are predicting real estate in the London region may increase 8-9% in 2010 and interest rates to increase as high as 6%. The Stoneybrook and Masonville neighbourhood may see these price increases because of the amenities, stability and lifestyle and lack of inventory homes for sale.
I cannot predict the future; however; in any market, clean, quality homes that are priced well sell quickly. Those who are testing the market or not facing reality as to the real value of their home, languish on the market, take longer to sell and for far less than the correct price which the home should have been marketed for in the first place.
Why do some homes sell in 7-10 days and others 55-75 days? It is what I call the 3 P's of real estate. Price, Product and Promotion.
If you want results and straight talk, calling a professional REALTOR® like me for the real facts will ensure your real estate experience is a successful one.
What Does This All Mean?
For Buyers:
Quality homes in Masonville & Stoneybrook will be more in demand as more people learn about the amenities and lifestyle. Purchasing a house in Stoneybrook in particular requires A REALTOR® with the skills who knows the area, the pitfalls and what truly is a great value or not.
Call me today for my Exclusive Envelope Real Estate Home Buyer Kit that will help your real estate experience be successful and enlightening!
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