Homeowners’ most prominent real estate conundrum is whether they should buy or sell first. Whatever you do is a risk! It’s wise to know the risks upfront, not deceive yourself, and mitigate them.

“The truest way to be deceived is to think oneself more knowing than others.” La Rochefoucauld

If you sell first, you’ll have a closing date that you and the buyer agreed upon. Now, though, you are under the gun to buy a home because that date is looming. You don’t want to be homeless; are you going to rush? You might need more time to find the right home or neighbourhood at the right price and condition.

Be in Control

Like my clients, I like to be in the driver’s seat, so buying a home first is prudent. I know that’s uncomfortable and has some risks; however, this makes sense if you have the proper strategy. There will be no pressure to find a house on a specific date. You can talk to your lender ahead of time and get bridge financing, which is less expensive than you think. You may also be able to pay for the new property in cash, with less risk!

In the old days (7 years ago), you could make an offer with the condition that you sell your home first. Today, less than 2% of transactions have this condition. Regardless of bump clauses, today’s sellers want certainty, not hope or someday.

Once you have a firm offer on the place you want to buy, you put your home on the market. You have a closing date on your home and can now plan a strategy to sell. Being in control of your destiny is essential. I see many home buyers running around, having to make rash decisions and sometimes making the wrong moves. 

It’s prudent to have a strategy in place and know the outcomes you want.

“Risk is left over after you’ve thought of everything.” Carl Richards

The Riverbend London, Ontario, real estate market has changed considerably over the last few years with many options. The availability of apartment buildings, townhouses, and single-family homes has grown, as has the West 5 development.

Riverbend London, Ontario, is a neighbourhood in the southwest part of London; take Oxford Street West to Kains Road. The growth of retail, services and offices along Oxford West is fast-paced and offers the residents nearby the most amenities one would need!

The gated Riverbend Golf Community is attractive and offers its members security, clubhouse facilities and dining. The Riverbend area is 11 minutes or less from downtown London. There are great nature trails, bike paths, golfing, or just not doing anything; you will enjoy the quiet. Five golf courses are within 4 km.

The walking trail along the Thames River (Kains Woods -Upper Thames River Conservation) is a gem for nature lovers. Nearby are the Warbler Woods Conservation Area and Komoka Provincial Park.

Riverbend Park is in the heart of the neighbourhood and has ample green space, play structures and soccer fields.

Our London Ontario St.Thomas Real Estate Association (LSTAR) uses the above-shaded area, which is mapped as South A. Explore South A now and see the recent demographics, incomes, age groups and what you may want to know or not know!

Homes Sold in The Riverbend London Ontario Area in 2024

Riverbend London Ontario Real Estate Market Area Data as per MLS London St.Thomas Association of Realtors (LSTAR)

Previous Years’ Sales in The Riverbend London Area

Riverbend London Ontario Real Estate Market Area Data as per MLS London St.Thomas Association of Realtors (LSTAR)

2022

In 2022, 55 houses in Riverbend London sold with prices ranging from $740,000 to $1,695,000. This was 101.16% of the asking price, and these took an average of twenty-three days on the market to sell. Five apartment condos at 2050 Linkway were sold through MLS. Averaging $512.00 per square foot, with prices ranging from $806,000 to $907,000. Thirty townhouses & townhomes in Riverbend London sold with prices ranging from $635,000 to $1,075,000. This was 109.26% of the asking price, and these thirty averaged 23 days on the market to sell.

2021

In 2021, 58 houses were sold in the Riverbend neighbourhood of London. Averaging 23 days to sell for 107% of the asking price. The final sale prices ranged from $675,000 to $1,790,000. Twenty-eight townhomes sold for 113.17% of the asking price. These took, on average, nine days to sell and sold at prices ranging from $565,000 to $820,000. Eleven apartment condos sold at 2050 Linkway, averaging $453.00 per square foot, sold prices ranging from $594,000 to $881,000.

2020

In 2020, 65 houses in the Riverbend neighbourhood in West London sold through MLS for 99.92% of the asking price. The lowest being $503,000 and the highest being $2,650,000. For townhouses & townhomes in Riverbend, 22 changed hands, from a low of $449,900 to $520,532. This was 100.07% of the asking price and averaged 15 days on the market.

2019

 In 2019, our MLS system sold 77 homes in the Riverbend London neighbourhood. The prices ranged from $399,000 to $1,070.000, and they averaged 34 days on the market. The median selling price was 99.91% of the asking price.

2018

  In 2018, 82 homes were sold through our local MLS in the Riverbend neighbourhood in London, Ontario. The average selling price was $681,665. This was 99.62% of the asking price. The median days to sell were 40. The lowest price was $366,697, and the highest was $1,500,000.

Why Children Like The Gated Riverbend Golf Community in London, Ontario

We always used to spend the holidays with Grandma and Grandpa.   They used to live in a big brick house, but Grandpa got retarded, and they moved to the Riverbend Golf Community, where everyone lives in beautiful little homes, so they don’t have to mow the grass anymore!

They ride around on their bicycles and scooters and wear name tags because they don’t know who they are anymore. They go to a wreck centre building, but they must have fixed it because it is okay now.

They do exercises there, but they don’t do them very well.   There is a swimming pool, but they all jump up and down in it with hats. At their gate, there is a dollhouse with a little old man sitting in it.

He watches all day so nobody can escape. Sometimes they sneak out and go cruising in their golf carts!

Nobody there cooks; they eat out. And, they eat the same thing every night — early birds.

Some of the people can’t get out past the man in the dollhouse. The ones who do get out bring food back to the wrecked centre for a potluck.

My Grandma says that Grandpa worked all his life to earn his retardment and thinks I should work hard so I can be retarded someday too.

When I earn my retardment, I want to be the man in the dollhouse. Then I will let people out, so they can visit their grandchildren.

The Hyde Park, London, Ontario, real estate area has a great mix of houses, townhouses, townhomes, and apartment condos. Hyde Park London has grown significantly over the last few years and is still growing! The big box stores, dining for all budgets, bus routes, and professional services are nearby.

Hyde Park borders Fanshawe Park Road West to the north and east of Wonderland Road North and extends to the southwest corner of Oxford Road W.

Our London Ontario St.Thomas Real Estate Association (LSTAR) uses the above-shaded area, which is mapped as North E. Explore North E now and see the recent demographics, incomes, age groups and what you may want to know or not know!

Explore North F Now!

The Hyde Park London Ontario Real Estate Market Area in 2024

Hyde Park London Real Estate Market As Per MLS Data London St. Thomas Association of Realtors (LSTAR)

Prior Year Stats For The Real Estate Market in The Hyde Park London Area.

Hyde Park London Real Estate Market As Per MLS Data London St. Thomas Association of Realtors (LSTAR)

2022

• In 2022, 186 houses in Hyde Park, London, were sold at prices ranging from $400,000 to $1,400,000. These were on the market for an average of sixteen days! These houses sold for an average of 106.94% of the asking price. Eighty-three townhouse condos in Hyde Park sold, ranging from $349,000 to $875,000. These were on the market for an average of fifteen days and sold for 111.22% of the asking price. Thirteen apartment condos sold, ranging from $439,000 to $625,000. This was 106.54% of the asking price, and the days on the market were an average of seventeen days.

2021

•  In 2021, 267 houses in Hyde Park, London, sold through MLS, averaging nine days on the market. They sold for 111.34% of the asking price, the lowest being $435,000, the highest being $1,270,000. Nine apartment condos at 1030 Coronation Drive in the Hyde Park neighbourhood of London sold. One hundred ten townhouse condos and townhomes in Hyde Park sold, averaging seven days on the market. These sold for 109.11% of the asking price, the lowest being $385,000 and the highest being $780,000.

2020

• In 2020, 251 houses in Hyde Park were sold through our MLS system. The lowest was $285,000, the highest at $1,200,000, and they took an average of nine days to sell. These sold for a median of 101.89% of the asking price! One hundred two condos and townhouses in Hyde Park changed hands from $250,000 to $527,000. These took 11 days to sell for 100.71% of the asking price.

2019

• In 2019, 281 houses in Hyde Park were sold through MLS, ranging from $238,000 to $825,00000. On average, a house in Hyde Park took 30 days to sell for 101.65% of the asking price. One hundred six townhouses and apartment condos were sold. Prices ranged from $235,500 to $630,000, selling for 101% of the asking price.

2018

•  In 2018, 245 houses in Hyde Park sold for a median price of 102.19% of the asking price. These took about 22 days to change hands at an average price of $429,302. For condominiums in Hyde Park,  including apartment-style and townhouses, 98 sold. The median sold price was $299,553, 101.54%  of the asking price and it took about 25 days to trade.

The Hyde Park Business Improvement Association, the Hyde Park Rotary Club, and other groups do an excellent job organizing events and activities.

•  St. Marguerite d’Youville Catholic elementary,

• Emily Carr Elementary School

• St. John Catholic French Immersion Elementary School

• Sir Frederick Banting

• St. André Bessette secondary schools.

Ty Lacroix Broker Sutton Group Preferred -Envelope Real Estate Group 519-435-1600

Welcome to the Old South London Ontario real estate page, which includes Wortley Village.

Why Old South London and Wortley Village?

The character and charm of this great London neighbourhood is quite evident. Residents of Old South love the ability to walk and shop in the Wortley Village core—no wonder, with tree-lined streets and very few cookie-cutter homes.

There are 80-plus small businesses and establishments in Wortley Village, along with the Library and the YMCA.

The Old South Wortley Village Business Association does an excellent job hosting and presenting community events.

Our London Ontario St.Thomas Real Estate Association (LSTAR) uses the above-shaded area, which is mapped as South F. Explore South F now and see the recent demographics, incomes, age groups and what you may want to know or not know!

Explore Old South G now!

What Sold in 2024 in Old South London & Wortley Village

Old South London Area Data from MLS London St. Thomas Association of Realtors (LSTAR)

2023 Old South London Real Estate Market

Old South London Ontario Real Estate Data provided by MLS London St.Thomas Association of Realtors (LSTAR)

2022

• In 2022, 168 houses in Old South London sold, with the average number of days to sell being fifteen. They sold for an average of 110.94 of the asking price, with the sold prices ranging from $359,900 to $2,100,000—nine apartment condos sold, with the average days on the market to sell through MLS being twenty-three. The sold prices averaged 110.94% of the asking price, with the sold prices ranging from $500,000 to $1,200,000! Two townhouses sold, one at 30 Grand for $540,000 and one at 352 Ridout for $800,000.

2021

• In 2021, 242 houses in Old South London, including Wortley Village, sold through MLS, averaging twelve days on the market. They sold for 111.03% of the asking price, with the lowest at $285,000 and the highest at $2,050,000. Thirteen apartment condos sold in Wortley Village in Old South London, averaging 15 days on the market and selling for 105.19% of the asking price. The lowest was $267,900; the highest was $772,811, and the average price per square foot was $408.00. Six townhouse condos sold, averaging seven days on the market and selling for 101.33% of the asking price—the lowest at $450,000 and the highest at $630,021.

2020

•   In 2020, 186 homes sold, averaging seven days to sell for a median of 102.17% % of the asking price, ranging from a low of $246,000 to a high of $1,500,000. Nine condos in Old South London changed hands in the same period. The median days to sell were 19 for $103.51% of the asking price, ranging from a low of $139,000 to a high of $472,000.

2019

•   In 2019, 229 houses changed hands from $230,000 to $1,120,000. These took sixteen days to sell on MLS at a median of 103.13% of the asking price. Eight condominiums changed hands from a low of $152,100 to a high of $499,000. These averaged eight days on the market and sold for 101.22% of the asking price.      

2018

• In 2018, real estate sales were robust in Wortley Village, Old South London, Ontario. One hundred ninety-six single-family houses sold for an average price of $404,718. 102.28% of the asking price and the median time on the market was 20 days! 13 Wortley Village condominiums changed hands, averaging $309,902. These sold for 97.46% of the asking price; condos in Old South London took about 35 days to sell.

Schools:

 Thames Valley District School Board Website for all schools in London, updates and programs in London

District Catholic School Board

Ty Lacroix Broker Sutton Group Preferred Realty Inc. Brokerage

Are You Curious About What Your Home Is Worth in Today’s Market?

The Westmount London, Ontario, real estate market is everchanging! It includes a combination of newer and older homes and condominiums, including townhouses, townhomes, and apartment buildings.

The Westmount London Neighbourhood Has Four Distinct Areas:

Below are the four MLS areas our London St. Thomas Association of Realtors designated: South L, South M, South N, and South O. Look around these areas if you want to know about these neighbourhoods of Westmount.

The demographics of Westmount, the schools, parks, transit and maybe what you do not want to know!

Westmount London South L

Have a look around London South L.

Westmount London Ontario South M

Have a look around London South M.

Westmount London South N

Have a look around Westmount South N.

Westmount London South O

Have a look around Westmount London Ontario South O.

The extension of Wonderland Road South to the 402 makes travelling west or east much easier and quicker!

Beautiful Springbank Park has 19 miles of trails and picnic areas, including Storybook Gardens, which are nearby.

Westmount Mall has changed from a retail shopping mall to a combination of medical/office space, retail, and a Cineplex theatre. Big box stores, services, and restaurants are further along Wonderland Road South. Along Southdale West, the Bostwick Community Centre, Library, and YMCA are open and expanding their services.

Westmount London Ontario Real Estate Market in 2024

Westmount London Ontario Real Estate Market MLS Stats from The London St. Thomas Association of Realtors

Prior year’s sales history for Westmount London

Oh oh! I’m running out of sold signs

Westmount London Ontario Real Estate Market MLS Stats from The London St. Thomas Association of Realtors

2022

• In 2022, 157 houses were sold in Westmount London, with the average days on the market being sixteen. The average sold price was 109.83% of the asking price. The sold prices for houses ranged from $380,000 to $1,575,000. 102 townhouse & townhome condos were sold within an average of sixteen days. The sold prices ranged from $325,000 to $838,000, averaging 110.29% of the asking price! Twenty-four apartment condos sold on an average of 17 days, and sold prices ranged from $224,000 to $566,000, 110.20% of the asking price!

2021

• In 2021, 158 houses in Westmount London sold through MLS, averaging eight days on the market! Selling prices ranged from $495,000 to $1,170,007, 111.81% of the asking price. Thirty-two apartment condos in Westmount London sold through MLS. These averaged eight days on the market and sold for 113.35% of the asking price. The lowest is $260,000; the highest is $661,000.  Fifty-seven townhouses or townhomes in the Westmount London area sold. These averaged ten days on the market and sold for 113.70% of the asking price. The low is $350,000; the highest is $815,000.

2020

•  In 2020, 138 houses changed hands, the low being $356,000 and the high $1,066,000. The median selling price was 103.62% of the asking price, averaging 16 days on the market. For apartment condos and townhouses in Westmount London, 84 changed hands. Prices ranged from $172,600 to $669,900, averaging 105.7% of the asking price and a mere seven on the market. 

2019

• In 2019, 139 houses were sold through MLS in Westmount London, Ontario, from a low of $340,000 up to $1,299,900. These took 24 days to sell for 100.55% of the asking price. For townhouses and apartment condos, 97 changed hands. Prices ranged from $157,500 to $492000, selling for a median of 104.83% of the asking price in about fourteen days!

2018

• In 2018, 168 houses sold in the Westmount neighbourhood of London for an average price of $486,522. This was 102.38% of the asking price and took an average of nine days to change hands. For condominiums in Westmount in London, Ontario, 84 were sold. Prices ranged from $110,00 to as high as $473,900. Sixteen days on the market was the average to trade for 105.69% of the asking price!

Westmount London Ontario Neighbourhood Map

.Thames Valley District School Board

.London District Catholic School Board

Testimonial About What Our Clients Say About Envelope Real Estate Group

Ty Lacroix Broker Sutton Group Preferred -Envelope Real Estate Group 519-435-1600

Every apartment or townhouse owner considering selling a condo in London, Ontario, wants to sell for as much as possible.

That’s understandable, and it’s not luck that makes that happen! It’s applying proven strategies, marketing, and experience to encourage condo buyers in London to reach for their chequebooks!

Price or Time When Selling a Condo in London, Ontario?

What is the most critical: price or time? Believe it or not, this question underlies and controls:

• Every seller’s decision to sell. The need to sell within a set time frame or to hold out for the best possible price

• Every buyer’s decision to buy. The need to buy within a set time frame or to purchase for the lowest possible price

You Cannot Bank Time.

The #1 Principle Before Selling Your Condo In London, Ontario.

• It’s not what you think your condo is worth;

• it’s what a reasonable buyer will think it is worth and is willing to pay.

Wait a minute here: if I left it up to a buyer, they would pay me as little as possible for my condo.

True, they would. In the real world, every buyer knows that you, the seller, have no obligation to sell your condo at any price. To purchase your condo, the buyer must make you an offer you can’t or won’t refuse. One that will motivate you to pack, hire a local mover, wave goodbye, and sayonara.

Focus on the Major Key Issues & Be Realistic

Some of the most common mistakes sellers (and some Realtors) make when choosing a price:

• Putting the property on the market at an unrealistic price compared to similar properties.

• Not cognisant of the current real estate market.

• Thinking that buyers aren’t comparing, on a dollar-for-dollar basis, with every other apartment or townhouse condo on the market

Some sellers believe their condo has an insurance replacement, appraised, or tax-assessed value. However, unless your insurance agent, banker, or tax assessor will write you a cheque – guess what? None of that matters. A condo without a buyer has no value in the marketplace.

Sure, it might have value to you. It might have value to your banker, insurance agent, Uncle Bob, hairdresser or barber, work friends, drinking buddies, bridge club, or appraiser.

None of these are buyers!

Pricing your condo to sell in London Ontario should not be taken lightly!

A few more tips on selling a condo in London Ontario and area

Age affects the real estate market in London, Ontario, in many ways! Whether you are thinking of a real estate move this year or staying put, agreeing or disagreeing, age-related real estate trends affect the market as much as interest rates, comfort zones, and lifestyle changes.

What category are you in? Scroll down and find where you are or could be!

Impact of Gen Z on the Real Estate Market (1999-2004)

Now:

• Many Gen Zers have financial difficulties, such as debt from school loans, which can hinder their ability to buy a home. They know that housing costs are outpacing pay growth and homes are becoming more expensive. That is why those Gen Zers who can afford to buy are eager to do so. 

• Therefore, most Gen Zers prefer purchasing a home at a higher price than paying steadily rising rent. Gen Z has begun to make inroads into the housing market in mid-sized cities.

In the future:

• Larger homes, better schools, and a more family-oriented lifestyle may cause Gen Z to move toward suburban living once they grow older, make higher wages, or start families.

Impact of Younger Millennials on the Real Estate Market (1990-1998)

Now:

• Younger millennials are impacting the real estate market as they become first-time homebuyers and look for urban living accessible to their workplace. Some of this age group may put off homeownership or alternate housing options due to affordability issues driven by student loan debt and increasing housing costs. The impact of low inventory, remote work, and their preferences for sustainability and well-being are shaping the features and locations of their homes.

In the future:

• Younger millennials continue to significantly impact the real estate market of the future. Due to the high percentage of first-time homebuyers and the growing suburban living trend, demand in those areas will be driven by their preferences for larger homes and better school and transportation access. Their focus on sustainability and technological integration will also influence the rise of eco-friendly communities and smart home features. 

• Furthermore, their dependence on friends and family for financial support highlights the value of social networks in their home-buying decisions. It emphasizes the relevance of referrals in the real estate market. In addition, due to higher home ownership costs, rent prices are increasing much faster than purchasing. This trend will lead to lower homeownership rates and vacancies in the rental market. 

Impact of Elder Millennials on the Real Estate Market (1980-1989)

Now:

• As elder millennials start buying residential real estate, technology plays a significant role in their home search. This generation uses mobile or tablet devices to look up properties, view them, and contact real estate agents. In addition, they are progressively purchasing larger first houses than earlier generations. They were among the groups buying homes during the COVID-19 pandemic when house showings were only conducted online. Plus, older millennials typically favour living close to their jobs.

In the future:

• Elderly millennials are anticipated to play a significant role in the future of the real estate market. As many homebuyers are married couples with a high median household income, their preferences for detached single-family and family-friendly homes, neighbourhood quality, and affordability will continue to drive demand in these sectors.

• Additionally, their dependence on savings for down payments, preference for referrals and working with past real estate agents, and tendency to recommend their agents all emphasize the value of personalized and trusted relationships in real estate transactions.

Impact of Gen X on the Real Estate Market (1965-1979)

Now:

• Of all the generations, Gen Xers are in the best position to afford homes in the current housing market. They were well-established in their careers before the property market crash and subsequent recession in 2001. Gen X found housing relatively more affordable because they had made more money or savings than previous generations. As a result, Gen X is currently quietly dominating the housing market.

In the future:

• Gen X will continue to have the highest percentage of homebuyers who prefer homes with extra rooms and spaces for multigenerational living, such as caring for adult children and aging parents. 

Impact of Younger Boomers on the Real Estate Market (1955-1964)

Now:

• Many younger boomers choose to downsize from their larger family homes to more compact living as they enter retirement. Some want a property that requires less maintenance and is easier to manage, while others like easy access to medical facilities and social activities within the community to accommodate their needs. In any case, the demand for smaller homes—predominantly single-family, condominium, and townhouse properties—is rising due to this trend.

In the future:

• Younger boomers will continue to be active homebuyers and sellers as becoming homeowners reflects on their accomplishments and plans.

Impact of Older Boomers on the Real Estate Market (1946-1954)

Now:

• Older boomers currently feel the need to buy or sell, and an increasing number of them prefer to downsize for reasons that include health difficulties, the death of a spouse, financial concerns, or retirement. However, some older boomers opt to live with family members, resulting in multigenerational households. 

• Multigenerational family arrangements have become more prevalent as elderly people move in with their adult children after selling their homes to get the support they require and desire. As a result of this trend, the need for larger homes that can house extended families is increasing.

In the future:

• Older boomers will continue to impact the housing market significantly. This age group, which makes up one of the most significant shares of home sellers, has successfully taken advantage of market prices to sell their properties for a higher price. We can expect them to persist in buying and selling their properties, desiring to upgrade or downgrade their current living situation.

Impact of Silent Generation on the Real Estate Market (1925-1945)

Now:

• The Silent Generation’s impact on the real estate market will persist, albeit not as buyers or sellers, but rather due to the homes their children inherit. If they prefer to buy, this age group moves closer to family and friends. Properties that will make their life easier while maintaining a high level of privacy are ideal for them as they age and may require extra attention.

In the future:

• As the Silent Generation ages, they will gradually transition out of homeownership, leaving chances for younger people to enter the real estate market. However, since the Silent Generation comprises experienced and repeat home sellers, selling their homes later in life affects home inventory availability and potentially drives up prices.