 The Sunningdale neighbourhood is situated in North London bordered by Fanshawe Park Road West, Richmond Street, Sunningdale Road West and Hyde Park Road and includes Medway Park and Hyland Estates. A very short drive to the Masonville shopping area and dining and the big box stores in Hyde Park. Easy access to the University of Western Ontario (UWO or Western), it's hospital and nearby research centre. 5 minutes to downtown London and quick access to great beaches along Lake Huron such as Ipperwash, Pinery Provincial Park, Grand Bend, Bayfield and Goderich. The houses and condos in Sunningdale are tastefully laid out with many enclaves and one of a kind homes. There are 6 addresses in Sunningdale that you could consider for an upscale address in London. They are: - 140 McGarrell Place which has 24 units
- 285 McGarrell Place which has 38 units
- 475 Mcgarrell Place which has 26 units
- 575 McGarrell Place which has 24 units
- 578 McGarrell Place which has 29 units
- 1755 Louise Blvd which has 24 units
Over the last year, the average asking price was$267,327 and the average selling price was $259,673 which was 97% of the asking price. The average days it took for these condos to sell was 56 days. Follow tyslondonontarioblog.com Sunningdale Condos in London and website for the latest monthly and year to date breakdown and other informative events that occur in the Sunningdale neighbourhood. We can assist and guide you when it is time to purchase or sale of a home or condo in Sunningdale. We can provide you with neighbourhood statistics and our Envelope Real Estate Brokerage experience and skills. We are just a quick call or email away. What was the January 2010 Activity in Sunningdale? Real Estate was quite active in Sunningdale for January with 5 homes selling for an average of $415,378 which was 95% of the $436,898 asking price and it took on average 38 days for a house to sell. There were 3 condos in Sunningdale that sold in January with an average selling price of $283,667 which was 98% of the asking price of $288,563. On average, it took a little over 2 months for a condo to sell. At present there are only 5 resale homes available, 2 new homes and only 1 condo available for sale.  If you are thinking of selling your Sunningdale Home or Condo, now is a great time. If you are thinking of buying a condo or house in Sunningdale, be prepared to act quickly,  be well represented with an experienced REALTOR* who knows the neighbourhood trends and can get you to a property before others get to see it. What was the real estate market for houses and condos like in Sunningdale, a London Ontario Neighbourhood in 2009 and what to expect for 2010? Houses in Sunningdale From January 01, 200 9 to December 31, 2009, 43 houses in Sunningdale exchanged hands and it took an average of 41 days for homes to sell. The majority were 2 storey houses. The average asking price was $453,653 and those that sold, sold for 97% of asking which was $440,358. Condos in Sunningdale From January 01, 2009 to December 31, 2009, 21 condos in Sunningdale exchanged hands and it took an average of 58 days for condos to sell. The majority were one floor condo ranches/bungalows. The average asking price was $267,662 and those that sold, sold for 97% of asking which was $259,848.  What Does This All Mean? For Sellers: The Sunningdale neighbourhood is stable; prices have increased approximately 4.3 % and is a slight sellers market with less inventory for sale. Economists are predicting real estate in London may increase 8-9% in 2010 and interest rates to increase as high as 6%. There will be some neighbourhoods in London that may see these price increases because of the amenities and and the inventory of homes for sale. I cannot predict the future; but I can prepare my client's for it. 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, lanquish 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, straight talk and no nonsense, calling a professional REALTOR® like myself will ensure your real estate experience is a successful one. What Does This All Mean? For Buyers: Quality houses and condos in Sunningdale sell quickly and as you can see; for approximately 97% of asking price. I can see this percentage increasing to 98-99% in 2010 with quite a few at full asking price. Being prepared to act quickly in Sunningdale will ensure you the home that fits your criteria. Call me today for my Exclusive Envelope Real Estate Home Buyer Kit that will help your real estate experience be successful and enlightening! |