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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-story 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 setting. 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 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

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