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July 20, 2017

Year To Date Condo Sales in Windsor

Filed under: Uncategorized — Condo World @ 10:02 pm

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July 12, 2017

A London Condo Statistical Report – 2017

Filed under: Uncategorized — Condo World @ 9:16 pm

The average “MLS” sales price of a condo in London in 2016 was $189,798

The average “MLS” sales price of a condo in London Y.T.D. as of June 30th 2017 was $199,465

The average “MLS” selling price of a condo in London in the month of June was $193,379

The average “MLS” selling price of a condo in London in the month of May was $212,544

1356 condo units sold in London as of June 30th 2017 compared to a total of 1012 condo sales for the

same period of time in 2016. This represents a 34% increase in condo sales over 2016. The number of active

condo listings as of the end of June 2017 was down 39.8% from the same period last year.  This information was provided by the London and St. Thomas Association of Realtors.

by Peter Daoust, Broker. Remax Advantage Realty Ltd. Brokerage

July 8, 2017

Stratford Ontario Condo Living

Filed under: Uncategorized — Condo World @ 10:12 pm

In 2014 the builder “Tricar” registered a new four storey condo building in downtown Stratford in the “theatre district” near Lakeshore Drive. It’s address is  36 Front Street. Stroll down to the water’s edge in the morning… what an amazing location. Now three years later resale prices have jumped upwards as Stratford condo pricing’s are enjoying a strong uptick. Toronto retirees are moving to Stratford in big numbersNow fast forward to 2017. “Tricar” once again has something new happening. Phase one of a two-phase complex called the “Villas of Avon” is now in the last stages of selling out. It’s located at the corner of John Street North and Caledonia Street.It’s a 4-storey, 51 suite boutique style condominium with prices on the remaining units priced between $324,900 and $514,900. Surrounding it are classic old Stratford homes, much like you would find in “Old South” or “Old North” in London Ontario.  

The walk to downtown is about five blocks or so.

Is a new townhouse more to your liking? If so, there is the “West Village of Stratford at McCann Drive and Marshall Court. This project is also now a few years old and just finishing out, 80 units in total.  Yet another option is “Verona Village” at 55 Harrison Street. Prices here now start at $333,300. Google this project if you wish. Once again, this project is now a few years old and in the last stages of selling out.Stratford prices are higher for the most part than London Ontario prices.  It’s a pretty place to live. Hop in the car and get out and explore. Ontario has some great little towns!by Peter Daoust, Broker Remax Advantage Realty Ltd., Brokerage

July 3, 2017

Condo-World East London /Fanshawe College Year To Date Condo Price Changes

Filed under: Uncategorized — Condo World @ 10:19 pm

Condo price increases are city wide in the first six months of 2017. Do you live in one of these areas and is your complex on this list?

  1.  1090 Kipps Lane Average 2016 M.L.S. selling price $64,700  Average 2017 M.L.S. selling price Y.T.D. based on 7 sales $92,800
  2.  1919 Trafalgar St. Average 2016 M.L.S. selling price $86,900 Average 2017 M.L.S. selling price Y.T.D. based on 3 sales $95,90
  3.  11-143 Wellesley Cres. Average 2016 M.L.S. selling price $91,300 Average 2017 M.L.S. selling price Y.T.D based on 4 sales $108,700
  4.  690 Little Grey     Average 2016 M.L.S. selling price $109,000 Average 2017 M.L.S. selling price Y.T.D. based on 4 sales $122,500
  5. 490 Third Street   Average 2016 M.L.S. selling price $115,800 Average 2017  M.L.S. selling price Y.T.D. based on 4 sales $128,500
  6. 230 Clarke Road   Average 2016 M.L.S. selling price $122,900 Average 2017 M.L.S. selling price Y.T.D. based on 4 sales $140,000
  7. 1199 Hamilton Rd. Average 2016 M.L.S. selling price $135,700 Average 2017 M.L.S.selling price Y.T.D based on 4 sales $ 142,800
  8. 536 Third Street     Average 2016 M.L.S. selling price $146,600 Average 2017 M.L.S. selling price Y.T.D. based on 5 sales $156,400
  9. 1318 Highbury Ave. Average 2016 M.L.S. selling price $141,300 Average 2017 M.L.S. selling price Y.T.D based on 4 sales $ 166,200
  10. 131 Bonaventure Dr. Average 2016 M.L.S. selling price $160,300 Average 2017 M.L.S. selling price Y.T.D based on 6 sales $167,500
  11. 190 Fleming Drive   Average 2016 M.L.S. selling price $178,500 Average 2017 M.L.S. selling price Y.T.D. based on 5 sales $215,900
  12. 1241 Hamilton Rd.  Average 2016 M.L.S. selling price $226,300 Average 2017 M.L.S. selling price Y.T.D based on 4 sales $252,800
  13. 1625 Purser St. Average 2016 M.L.S. selling price ( single car garage units) $228,500 Average selling price Y.T.D based on 3 sales $258,900
  14. 325 Lighthouse Average 2016 M.L.S. selling price $236,000 Average M.L.S, selling price Y.T.D based on 7 sales $275,600

As stated in previous blogs the main caveat to these numbers is when these units sold. Early month sales would most likely be for lower prices than more

recent sales and these statistics do not take this into consideration. Will the markets continue upwards at a robust pace? Not if interest rates inch up and not if the

automobile industry eases up. Yet then again its summer and most people are running on cruise control. by Peter Daoust. Broker Remax Advantage Realty Ltd. Brokerage

June 27, 2017

White Oaks Condo Y.T.D Price Increases – 2017

Filed under: Uncategorized — Condo World @ 7:15 pm

Condo prices in the south end of London in 2017 are changing. Here is a year to date report of some of these changes. In this report we have also included the number of condos sales we used to find these averages.
White Oaks:
1) 1330 Jalna Blvd. Average 2016 M.L.S. selling price $107,400. Average 2017
YTD selling price ( nine sales) $ 136,300
2) 1095 Jalna Blvd.Average 2016 M.L.S. selling price $124,000. Average 2017
selling price YTD  ( two sales) $ 151,600
3) 1103-1105 Jalna Blvd. (one bedroom units) Average 2016 $63,600.

( eight sales) (one bedroom units) Average selling price Y.T.D. 2017  $71,400

(two bedroom units) Average 2016 $83,600

(five sales)  (two bedroom units) Average 2017 price Y.T.D. 2017     $79,400

4) 1580-1590 Ernest. Average 2016 M.L.S selling price ( two bedroom units) $70,200

Average 2017 selling price Y.T.D 2017 ( seven sales) (two bedroom units) $78,800

5) 130… 148 Conway Average 2016 M.L.S. selling price ( one bedroom unit) $ 80,600

Average 2016 M.L.S. selling price  ( two bedroom unit ) $ 98,400

( three sales) ( one bedroom units) Average selling price Y.T.D. 2017 $91,000

( four sales) ( two bedroom units) Average selling price Y.T.D. 2017 $118,000

6) 2635 Bateman Trail Average 2016 M.L.S. selling price ( without garages ) 2016  $222,000

Average 2016 M.L.S. selling price ( with garages ) 2016 $264,200

Average 2017 selling price Y.T.D ( without garages) ( 3 sales) $ 249,500

Average 2017 selling price Y.T.D. ( with garages) ( 4 sales) $ 289,400

Lockwood- Cleardale

  1. 475 Sandringham Cres.  Average 2016 M.L.S. selling price $122,600. Average selling price Y.T.D. 2017( five sales) $ 166,700
  2. 159 Sandringham Cres.  Average 2016 M.L.S. selling price  $151,900. Average selling price Y.T.D. 2017 (four sales)  $161,800
  3. 825 Dundalk Drive          Average 2016 M.L.S,selling price (three bedroom units) $ 106,400). Average selling price Y.T.D. (two sales)  $ 117,500
  4.  2-80 Chiddington           Average 2016 M.L.S. selling price $136,600. Average selling price Y.T.D. 2017 ( three sales) $146,100
  5.  460-500 Southdale        Average 2016 M.L.S. selling price $ 139,300. Average selling price Y.T.D.2017 ( two sales) $144,300
  6.  30 Clarendon Cres.        Average 2016 M.L.S. selling price $ $170,900. Average selling price Y.T.D. 2017 ( six sales) $196,300

Pond Mills

1. 101 Brookside                   Average 2016 M.L.S. selling price 2016 $165,700. Average selling price Y.T.D 2017 ( six sales) $ 196,200

2. 669-711 Osgoode             Average 2016 M.L.S. selling price 2016 $146,900 Average selling price Y.T.D. 2017 ( four sales) $ 188,600

3. 858-860 Commissioners  Average 2016 M.L.S. selling price 2016 ( two bedroom unit) $126,100 Average selling price Y.T..D 2017 (two sales) $133,800

4. 320 Westminister          Average 2016 M.L.S. selling price 2016 (without garages) $141,000. Average selling price Y.T.D 2017 (without garages) $166,600

5. 720 Deveron Cres.         Average 2016 M.L.S. selling price ( two bedroom unit) $ 138,900. Average selling price Y.T.D 2017 ( two bedroom unit)

( four sales) $ 192,800

6. 735-739 Deveron  Cres. Average 2016 M.L.S. selling price ( two bedroom unit) $107,900. Average selling price Y.T.D 2017 ( two bedroom unit)

( thirteen sales) $ 124,300

  •  note…  with small sample sizes, like two units … when these units sold is also of importance. Early year sales would be  for lower prices than more recent sales.  by Peter Daoust, Broker. Remax Advantage Realty Ltd. Brokerage. *call me if you would like a free “opinion of current value.”

 

 

 

 

 

 

 

June 22, 2017

North West London Y.T.D. Price Increases

Filed under: Uncategorized — Condo World @ 11:16 pm

It seems in this area to be the lower price range experiencing the biggest leaps in prices, however this trend isn’t consistent right across town.

1) 535-599 Gainsborough Rd. Average 2016 MLS selling price $121,500 2017MLS selling
price $179,400
2) 80-284 Monmore Rd. Average 2016MLS selling
price $125,300 2017MLS selling
price $157,200 ( #May-June only sales $166,200 )
3) 30 Chapman Court Average 2016MLS selling
price $153,800 Average 2017MLS selling
price $177,300 ( #May-June only sales $188,700 )

4) 1460 Limberlost Average 2016MLS selling

price $125,000 Average 2017MLS selling

price $196,900

5) 925 Lawson Rd Average 2016MLS selling

price $168,100 Average 2017MLS selling

price $208,300

6) 70 chapman Court Average 2016MLS selling

price $184,300 Average 2017MLS selling

price $206,200 ( #May-June only sales $212,800 )

7) 600 Sarnia Rd. Average 2016MLS selling

price $207,600 Average 2017MLS selling

price $223,300

8) 875 Thistledown Way Average 2016MLS selling

price $227,600 Average 2017MLS selling

price $274,800

9) 1030 Coronation Average 2016MLS selling

price ( 2 bedroom) $279,900Average 2017MLS selling

price ( 2 bedroom ) $280,700 ( #May-June only sales $293,500 )

10) 1030 Coronation Average 2016MLS selling

price $270,000 Average 2017 MLS selling price $316,900

Are the best markets now behind us? Are things slowing down? That’s

the new question people often ask when they come through open houses.

No one really has the answers. by Peter Daoust, Broker

Remax Advantage Realty Ltd. Brokerage     cell 519-852-7653

 

 

 

June 17, 2017

Byron Condo Price Changes Y.T.D

Filed under: Uncategorized — Condo World @ 7:40 pm

Limited inventory has caused some Byron condo price jumps in the first six months of 2017. Here are some year to date prices changes in this area of town. Note, sometimes there has being only two sales in a given complex with one of the two sales at higher prices. Is this a new trend or just a one time occurrence? Well it’s to early to say.1399 Commissioners Road West

Average 2016 “MLS” sale price. Two bedroom units $205,800

Average 2017  year to date price, Two bedroom units $221,800

565-685 Griffith     Average 2016 “MLS” sale price $159,800. Average 2017 year to date price.  $187,500

1100 Byron Baseline Average 2016 “MLS” sale price, 2 floor townhouse style $ 266,400

Average 2017 year to date price, 2 floor townhouse style  $291,200

1499 Byron Baseline   Average 2016 “MLS” sale price $298,000. Average 2017 year to date price $375,000* Unit

styles may vary here so comparison pricing is questionable at best.

2615 Colonel Talbot    Average 2016 “MLS” sale price $344,900. Average 2017 year to date price  $366,300

2 Cadeau Terrace    Average 2016 “MLS” sale price 2016 $336,300. Average 2017 year to date price $385,500In a surprising number of the smaller complexes there have being no sales. Are the markets starting to cool off? With only a few units for sale on the market it seems it is still very much a seller’s market. Things could change quickly… The Toronto markets are now spooked!

by Peter Daoust, Broker at Remax Advantage Realty Ltd. Brokerage    My cell is 519-852-7653

June 14, 2017

North London Condo Prices Changes Year To date

Filed under: Uncategorized — Condo World @ 5:24 pm

Here is a look at some of the year to date price increases in north London. Price increases vary from complex to complex.DSC_03631,5,9,15 Jacksway            2 bedroom units 2016 $132,100

2 bedroom units 2017 y.t.d $ 130,600

1600 Adelaide St.            2 bedroom units 2016 $121,800

2 bedroom units 2017 y.t.d $ 140,000

693 Windermere Rd.     2016  $202,000

y.t.d 2017  $210,900

1921 Father Dalton        ( without garages )… 2016 $192,500

( without garages ) … y.t.d 2017 $273,800

1478 Adelaide St. N       2 storey units 2016 $ 221,400

2 storey units y.t.d 2017 $ 299,800

70 Sunnyside Dr.           2016 $264,300

y.t.d.2017 $302,200

145,185,205,215   North Centre Rd.  2016 $258,400

y.t.d 2017 $278,500

2031 Pennyroyal St.      2016 $286,200

2017 $284,000

1500 Richmond St.       one floor double car garage units 2016 $ 272,500

one floor double car garage units 2017  $ 289,700

14/18 Doon Drive          2016 $280,000

2017 $ 301,500

2084-2100 Denview       2016$345,000

2017 $343,000

 

Suprised? Well each complex has a different selling history. by Peter Daoust Broker, Remax

Advantage Realty Ltd. Brokerage

 

June 11, 2017

Downtown London Condo Prices 2017

Filed under: Uncategorized — Condo World @ 8:49 am

Here is a quick look at some of the year to date price increases of our downtown London Ontario condo prices.DSC_0076695 Richmond St.  Average two bedroom price y.t.d  2017  $192,500  ( 2016 $177,900  )

600 Talbot St.         Average two bedroom price y.t.d  2017  $218,500  ( 2016 $203,800 )

549 Ridout St.         Average two bedroom price y.t.d  2017  $214,500   (2016 $211,000  )

330 Ridout St.         Average two bedroom price y.t.d.  2017  $348,000  (2016 $353,000 )

323-363 Colborne  Average two bedroom price y.t.d.  2017  $168,900   (2016 $166,700 )

250 Pall Mall           Average two bedroom price y.t.d.  2017  $375,000  ( 2016 $375,600 )

Downtown London condo prices seem to be holding their own in the first half of 2017. Cheers

by Peter Daoust, Broker Remax Advantage Realty Ltd. Brokerage  #cell 519-852-sold

May 30, 2017

Grand Bend – new condos!

Filed under: Uncategorized — Condo World @ 10:57 am

Year round living in a family friendly community.  The community Grand Bend is growing. “Medway Homes Inc.” is now busy building “Harbourside Condominiums” on Gill Road near the “Ausable River”.  Follow the signs, visit their new model home, others almost ready to look at. 37 new detached units ranging in size from 1,179-1473 sq. ft.

“James Hardie” siding, nine foot ceilings, concrete paving stone driveways, covered rear sitting areas, one floor layouts with optional finished lower levels. New is always nice. These are quality built units.

by Peter Daoust, Broker Remax Advantage Realty Ltd. Brokerage.

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