Riverbend Houses & Condos in London Ontario


    Riverbend houses and condos in London in 2017 have been selling quite well with prices up and the inventory of homes down.

 From January 1, 2017 to July 9, 49 houses in Riverbend were sold through MLS for an average $654,518 which was close to the asking price and these took about 38 days to sell.

 42 condo town houses were sold as well, averaging $397,191 and about 47 days to sell! 

 As you can see, the first 6 months of 2017, house and condo sales have almost reach the 2016 levels, prices were up and how long they took to sell was less.

 Will this continue? Being a natural contrarian, I don't think so and in this blog, I write why.

Search houses for sale Riverbend London Ontario

 

            Riverbend Real Estate Market  & Hunt Club West 

 55 houses sold in Riverbend/Hunt Club West neighbourhood of London Ontrio in 2016 through MLS , starting from as low as $316,000 up to $1,150,000 which was 97.6% of the asking price and these were on the market an average 51 days. 

39 condos were sold in 2016 between  $287,000 to $590,000  for 99.6% of the asking price and these were on the market an average 66 days! 

 2015

60 houses exchanged hands in Riverbend & Hunt Club West in 2015 for an average sale price of $520,066 which was 97% of the asking price and on average; these houses took 49  days to sell.

In the same period, 22 condos sold for $372,877 which was 98% of the  asking price and were on the market an average 65 days!

                         Riverbend Market Stats

In 2014 

 The Riverbend neighbourhood real estate market in West London saw 47 houses exchanging hands for an average sale price of $481,186 which was 98% of the asking price and those that did sell took approximately 51 days!

    16 condos in Riverbend and Hunt Club West sold in the same period for 97% of the asking price of $397,462 and these condos were on the market 59 days. 

   

                         Bike Trails galore in Riverbend

 This is becoming a sought after neighbourhood, prices are stable and yearly more services and businesses are being open.

 Take Oxford Street West to Kains Road and see this neigbourhood with street names such as: Shore RoadKirpatrick WayRiverbend RoadTigerlily RoadJack Nash Drive and the beautiful gated Riverbend Golf Community.

   You are just 11 minutes or less to downtown London, great shopping and great nature trails, bike paths, golfing and more.

 With 5 golf courses within 4 KM, what can I say? For nature lovers, the walking trail along the Thames River is magnificent & there is also Warbler Woods Conservation area and Komoka Provincial Park.

 

                                                   Riverbend Map London Ontario

 

    

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Buying a House or a Condo in Riverbend in London Ontario


 With the average house price in the Riverbend neighbourhood of London Ontario being  $550,000, what would happen if  you had a strategy before you even started the process of looking at houses or condos?

When I say strategy,I am not talking about price or style or how many bedrooms. You already have a good idea of what you can afford and what you want.

Emotion sometimes can cloud our reasoning which in turn might cause us to overpay for a home or rush the selection process .

If the quality of our life is determined by the questions we ask ourselves, what about if you knew what questions to ask when buying a home and if the answers you receive are true?

  Here is a start!


Downsizing To or From Riverbend in London Ontario?


                                              downsizing to Riverbend in London Ontario

    Life changes—children grow up and leave home, you don’t need as much space, and your financial means   may change. Any of these reasons may prompt you to consider downsizing: reducing your possessions and moving to a smaller home, or a home here in Canada and someplace south in the Winter.

   If you’re contemplating making such a change, take time to evaluate the many facets involved. Downsizing is an important transition requiring careful consideration.

         What’s involved? Relocating to a new home that’s more suitable to your current needs requires well-planned steps, including financial planning and paring down your possessions. Social and health considerations also play a role.

     Like any long-term commitment, consider the benefits and limitations a new home will provide. As well, my experience with those moving to a new area is getting your questions answered from someone who knows the Riverbend real estate market real well.

            On this page I have prepared some tips and ideas for those who are thinking of downsizing or right sizing to London Ontario.


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If you like what I write about and are interested in subscribing to a free 24 email series of helpful tips, money saving ideas and home seller strategies, you can do so here. You are never under any obligation and you will never be spammed or receive unsolicited emails from me.




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Grandchildren Like Riverbend Golf Community


One child wrote the  following:  

         Grandchildren in Riverbend

We always used to spend the holidays with Grandma and Grandpa.   They used to live in a big brick house but Grandpa got retarded and they moved to Riverbend where everyone lives in nice little houses, and so they don't have to mow the grass anymore!

  They ride around on their bicycles and scooters and wear name tags because they don't know who they are anymore.  They go to a building called a wreck centre, but they must have got it fixed because it is all okay now.

They do exercises there, but they don't do them very well.   There is a swimming pool too, but they all jump up and down in it with hats on. At their gate, there is a doll House with a little old man sitting in it.

He watches all day so nobody can escape. Sometimes they sneak out, and go cruising in their golf carts!  

 Nobody there cooks, they just eat out..  And, they eat the same thing every night --- early birds.  

Some of the people can't get out past the man in the doll house.  The ones who do get out, bring food back to the wrecked centre for pot luck.  

My Grandma says that Grandpa worked all his life to earn his retardment and says I should work hard so I can be retarded someday too.

   When I earn my retardment, I want to be the man in the doll house. Then I will let people out, so they can visit their grandchildren.