Glen Cair real estate along with Pond Mills house and condo prices are up so far in 2017 .
- March - houses sold for 108% of the asking price and these took about 10 days to sell and for condos, 103% and 17 days on the market.
- February - houses sold on average 101% of the asking price and 16 days on the market and for condos, 103% and 55 days
- January - houses sold for 99% of the asking and 35 days on the market and for condos, they sold on average 101% of asking and about 19 days on the market.
Will this trend continue into the spring? If the inventory of homes for sale is low and buyer demand is high, yes!
That huge little word, 'If'.
I personally have quite a few buyers wanting to buy this Spring than I do sellers and the issue for sellers is, unless they are moving away from London, anything they buy, the price and demand is gigh, so there may not be a net gain!
144 houses in Glen Cairn, Pond Mills neighborhood of London Ontario sold through our MLS system in 2016 for 99.8% of the asking price from as low as $174,000 to $324,000 and these were on the market less than 21 days!
102 condos were sold, from $82,000 to $235,000 for 98.7% of the asking price and took on average 51 days to sell.
Houses sold very well in the Glen Cairn, Pond Mills neighbourhood of London Ontario with 125 changing hands for an average price of $217,661 which was 98% of the asking price and it took these houses in London about 31 days to sell.
77 condos sold for an average $127,324 in the same period which was 97% of the asking price and these were on the market an average 57 days!
147 houses sold for 97% of the $208,426 asking price and those that sold (14 did not) sold within 38 days! 59 condos sold for an average price of $123,794 within 67 days for 97% of the asking price.
As you can see, Glen Cairn Pond Mills have attractive home prices and the neighbourhood has alot going for it, take a drive, you may be surprised!
Other London Neigbourhoods
Want to know why people like to live in Pond Mills, Glen Cairn neighbourhood in south east London Ontario?
Pond Mills and Glen Cairn offers a wide variety of house styles, most with larger lots than the norm and some of the best values for the dollar in London Ontario. For condos in Pond Mills, there is a highrise apartment, some low rise apartment condos on Deveron and some great townhouse condos at a reasonable price.
Pond Mills Glen Cairn in London offers all the amenities that London has to offer, plus, easy access to the 401 highway via either Highbury Ave South or Veterans Memorial Parkway.
You also have 203 hectares of Westminster Ponds /Pond Mills Environmentally Significant Area (ESA)and is the largest publicly owned ESA in London.
The ponds and the 10.5 km Westminster Ponds Trails are located south of Commissioners Road and east of Wellington Road, adjacent to the Tourist Information Centre, and across from Shoppers Drug Mart at Adelaide and Southdale and eastward to Pond Mills Road
Why not take a drive out, go for a walk, even go fishing or canoeing if you want!