2017 prices and the days it takes a house or a condo to sell in Hyde Park in London Ontario are setting all time records, will it continue? We are still seeing a shortage of quallity houses and condos listed for sale and buyer demand has cooled a bit, I feel things will settle down late fall early winter.
From January 1, 2017 to August 29, 2017, 234 houses in Hyde Park were sold through our MLS system for an average price of $400,454 which was 106% above the asking price and these were on the market an average 17 days!
85 condos in Hyde Park sold for an average price of $252,353 which was 102% of asking and these took about 20 days to sell.
As you can see, Hyde Park real estate is in demand, where do you stand if you are thinking about selling your house or condo in Hyde Park? What about buying?
What you do over the next 90 days is critical, I am sure you have heard that timing is important? In these roller coaster days of pricing and availability, this is where a professionalism comes into play!
285 houses in the Hyde Park neighbourhood in London Ontario sold through MLS in 2016 , starting as low as $316,000 and up to $605,000 and these all sold close to asking price in about 31 days!
In 2016, 88 condos in Hyde Park were sold, from $218,000 to as high as $620,000 and these took about 41 days to change owners and for 98.4% of the asking price.
In 2015, 245 houses changed hands through MLS (on the market an average 37 days) in the Hyde Park neighbourhood of London Ontario and those that sold, did so for $286,618 which was 2 % less than the asking price.
For condos in Hyde Park, 95 sold for an average $215,645 and these took about 53 days to sell.
Home sales in 2014 in Hyde Park London Ontario were quite active with 294 houses selling for an average $281,782 which was 98% of the asking price and those that did sell were on the market an average 34 days.
In this same period, 138 condos in Hyde Park sold for an average price of $186,292 which was 98% of the asking price and these took an average 55 days to sell!
All in all, a very stable market and as Hyde Park keeps attracting more retail and service businesses, the housing market will continue to grow.
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