What Type of Condos Are Selling in London Ontario and at What Price?
As I work with both condo sellers and
buyers, I am always asked what the market is doing, when is the best
time to buy or sell, how much to offer and how much to list for.
As with any condo, the neighbourhood, style and condition of a home reflects on price and quickly they sell.
Below is a breakdown of condo sales in London Ontario from January 1, 2012 to June 30, 2012.
|
Quantity
|
Style
|
Average Selling Price
|
% of Selling Price to Asking
|
|
188
|
Apartment High Rise
|
$148,150
|
97%
|
|
56
|
Apartment Low Rise
|
$104.236
|
97%
|
|
404
|
Townhouses
|
$157,093
|
98%
|
|
103
|
Ranch Attached
|
$254.617
|
98%
|
|
46
|
Ranch De-tached
|
$342,102
|
99%
|
Please keep in mind that these are
averages. For my clients I do a break down of complex and building to
ensure we are comparing apples with apples.
Selling or buying a condo
is a bit different than buying or selling a house as there are more
factors to take into account and the skill level to maximize the price
is higher and of course, to protect you through the process of a condo
offer requires more diligence from a REALTOR than the norm. Here are two
links that may help you. Buyers Sellers
