Mention the word Oakridge to residents of London  and you'll hear great words about these family neighbourhoods of Oakridge Park, Oakridge Acres and Oakridge Meadows. Quick access to all that London has to offer yet private enough with large lots, greenery and privacy to enjoy your home, family and friends. Oakridge is bordered by Springbank Drive to the south, has Hyde Park Road, Sanitorium Road and Oxford Street West running through it and is west of Wonderland Road. Great shopping, schools, parks and service providers in this safe comfortable neighbourhood of London. Easy access to UWO (Western), it's hospital, research park and sports venues like the JLC, Grand Theatre, events in the park and more. For more detail information and a list of homes for sale go to Homes in Oakridge .As well, a list of valuable contacts, maps, city services and much more. Condos YTD in Oakridge Selling in Less Than 35 Days! Condos for sale in London Ontario and particularly Oakridge have been selling well and as of April 3 of this year, the average selling price of a condo in Oakridge has been $202,700 which was 97.8% of the average asking price! At present there are 5 condos for sale, starting from $159,500 for a 3 bedroom townhouse condo to a 2+1 bedroom ranch condo with a double garage, finished basement for $239,900! As always, real estate in London is well priced and like the houses in Oakridge, condos are sought after. Visit www.condosinlondon.com for all condo prices and information.
What was the real estate market for houses and condos like in Oakridge a neighbourhood in south west London in 2009 and what to expect for 2010? Houses in Oakridge From January 01, 2009 to December 31, 2009, 265 houses in Oakridge exchanged hands and it took an average of 42 days for houses to sell. The majority were 2 storey houses. The average asking price was $288,895 and those that sold, did so for 98% of asking which was $282,219. Condos in Oakridge: In the same time period, 97 condos sold in 44 days with the average asking price of $206,616 and the actual selling price average was $203,077 which is 98%. Averages are a good starting point to understand the swings in price; but you must compare apples with apples and not oranges. For an in depth report, give Ty a call. What Does This All Mean? For Sellers:  Oakridge in London is quite stable with sought after schools, a safe envirnoment and pleasing streetscapes. Economists are predicting real estate in the London region may increase 8-9% in 2010 and interest rates to increase as high as 6%. Byron will be a neighbourhood that may see these price increases because of the amenities and the inventory of homes for sale. I cannot predict the future; however; in any market, clean, quality homes that are priced well sell quickly. Those who are testing the market or not facing reality as to the real value of their home, languish on the market, take longer to sell and for far less than the correct price which the home should have been marketed for in the first place. Why do some homes sell in 7-10 days and others 55-75 days? It is what I call the 3 P's of real estate. Price, Product and Promotion. If you want results and straight talk, calling a professional REALTOR® like me for the real facts will ensure your real estate experience is a successful one. What Does This All Mean? For Buyers: Quality houses and condos in Oakridge will be more in demand as more people learn about the amenities and lifestyle. Call me today for my Exclusive Envelope Real Estate Home Buyer Kit that will help your real estate experience be successful and enlightening! Contact me if you would like a break down of style or a particular street in London. Making your decision based on facts  can save you a lot of money in real estate rather than if your decision was based on opinions! To discuss a change in your lifestyle I can be reached at 519-435-1600 or drop me an email at ty@enveloperealestate.com Houses and condos in Oakridge have been selling quite well in January and February so far this year with 23 houses selling at an average of $293,926 which was 99% of the asking price. The days on the market have dropped to 28 days which shows that the housing market in London is healthy! 9 condos sold at an average price of $182,059 and because it took an average of only 39 days to sell, the price was 98% of selling. As you can see, condos and houses in London Ontario are selling quite well but the good thing is we are not seeing 10, 20 or even 25% price increases. London proves itself again as having a very balanced real estate market without the the huge swings. For up to date Oakridge real estate information, you know who to call! |