From January 1, 2017 to July 10, 2017, the Byron neighbourhood in London Ontario saw 145 houses change hands for an average price of $472,000 which was 105% of the asking price and these took about 14 days to sell!
For condos in Byron, 50 were sold through MLS in London for an average $298,119 which was 104% of the asking price and these took about 32 days to sell.
As you can see,the real estate market has set records for 6 consecutive months and July may be no exception. Will this continue?
In this blog, I share with you the overall London real estate market, comparisons among other cities and my take on what I feel the market will do.
Byron in South West London is bordered by Wickerson Rd to the west, Southdale Road to the south, Commissioners Road to the north and Colonel Talbot Road to the east.
Byron has been consistently been a sought after London neighbourhood to live in and 2016 was no different with Springbank Park (300 acres along a stretch of the Thames River and has 19 miles of trails.) and the Thames River, Boler Mountain (a ski and mountain bike area known to the locals as "the bump"), churches, schools, a library, a fire hall, a legion, a Masonic hall , bistros and dining, professional offices, medical, drugstores, LCBO, jewelers, drycleaners and more.
Nearby are public and private golf courses and walking & biking trails galore.
The Optimist Club of Byron is an example of community volunteers giving back to the community with activities through out the year.
2016 House & Condo Sales in Byron in London Ontario
Byron London Ontario houses for sale in 2016 were in demand and highly sought after as 231 were sold for close to full asking price or more!
For the many followers of my real estate market price index, I stopped publishing an average house price in Byron because in this case, averages were not a true indicator of an average as we saw houses sell in Byron from as low as $227,500 and as high as $1,300,000!
79 condos in Byron changed hands through MLS in 2016, averaging 33 days on the market and selling for about 99.2% of the asking price.
There is a good selection of condo properties in Byron, starting from $175,000 for a townhouse up to $600,000 plus for a detached one floor townhome and a few high rise apartment condos with a proposed new Tricar building in 2017 across from Springbank Park.
Below are a few of the condo corporations in Byron in London Ontario
There are 5 elementary schools in Byron:
Secondary school age students in Byron either attend St. Thomas Aquinas Catholic Secondary School or Saunders Secondary School in the Westmount neighbourhood of London or, some currently attend Oakridge Secondary School in Oakridge.
Other London Neigbourhoods