I am sure you have heard the talk about prices ricing and multiple bids and a shortage of good homes for sale , well, it is not all talk and misinformation, even as we are in the beginning of 2018, this is still occuring!
Our research team does a very thorough in depth study of the local markets and our clients love having that information, be they a buyer or a seller. The advantages are huge, these clients thought so.
The real estate market in the Medway, Richmond Hill area of London Ontario has been indicative of the majority of the London Ontario neighbourhoods, record sales, record prices and when priced right, less days on the market!
In 2017, 66 houses in the Medway, Richmond Hill neighbourhood of London were sold through our MLS system for a median price of 100.07% of the asking price and on the market an average 10 days, for townhouses such as those on Ambleside Drive, 19 were sold at close to asking price and taking about 15 days to sell!
I have prepared two analysis of these sales which you can download by scrolling down the page.
64 houses in the Masonville, Medway Heights and Richmond Hill area of London Ontario were sold in 2016, from as low as $359,000 and up to $690,000and these sold at asking price or very close and as this neighbourhod is in demand, the houses sold in less than 26 days!
10 condos were sold as well, from $180,000 to $290,000 and took 18 days to sell for 99.4% of the asking price!
Masonville,Medway Heights, Richmond Hill neighbourhood is bordered by Richmond St., Fanshawe Park Road West in the north, Ambleside Drive to the west and Windermere Road to the south is a very distinct neighbourhood in London Ontario with homes starting in the 3's to over 1 million.
Western (UWO, The University of Western Ontario) is close along with Brescia, Althouse, King's College, London Science Centre, University Hospital and The Research Park.
You can shop till you drop at Masonville Mall and area along with a wide range of professional services and dining, 10 minutes or so to downtown London.
Easy access to the 401, less than 1 hour to the sandy beaches of Lake Huron and of course, Sunningdale Golf Club, Fanshawe Golf Club and others nearby.You can find a house or condo in Masonville to meet everyone's taste, from one floor condos, low rise and highrise apartment condos, condo townhouses to one floor ranches, 2 storey houses and London houses with a pool.
Other London Neigbourhoods