The first 3 months of 2013 saw 11 homes change hands in Sunningdale , a neighbourhood north west of Masonville Mall and Western University. This upscale toney area homes sold for an average $497,909 and were sold for 97% of the asking price and as with any great sought after neighbourhood, these homes were on the market for less than 30 days!
There is a lack of quality homes presently listed for sale which means this is a Sellers' Market in Sunningdale.
I have 4 that I am actively keeping an eye on as at this time, I have 3 very qualified purchasers moving to London who wish to move with their families to this area.
Real estate activity in the tony Sunningdale neighbourhood of North London was quite robust in 2012 with 43 houses and 13 condos changing hands.
The average asking price of a house in Sunningdale was $555,765 and for condos it was $341,260.
It took 33 days and 97% of asking price for houses to sell and condos were on the market for 36 days and they sold for 98% of asking.
Being close to Western, University Hospital, Masonville Mall area helps and is close to the 36 holes at Sunningdale and the 18 holes at Westhaven.
Moving to London offers many fine areas to reside in, knowing which neighbourhood, the schools and amenities and other 'local' information can be a real help when re-locating here.
If you would like a more thorough insight of the London Real Estate Market, visit often.