The real estate market in the Westmount neighbourhood in London Ontario from January 1 to July 14,2017 has been quite vibrant like the rest of London , here are some numbers:
102 houses in Westmount were sold through MLS for an average price of 479,648 which was 104% of the asking price and these took about 22 dyas to sell.
54 condos in Westmount were sold as well, averaging $231,072 in price which was 102% of the original listing price and these were sold within 25 days.
There are some advantages to a buyer and seller knowing these numbers , even knowing today's numbers and that knowing what those advantages are can make a huge difference in your bank account!
166 houses sold through MLS in the Westmount neighbourhood of London Ontario in 2016 for as low as $249,900 and as high as $789,900 and regardless of price, these houses took about 23 days to sell and about 99.2% of the asking price!
93 condos in Westmount changed hands as well, from $77,000 for a low rise apartment condo and up to $439,900 for a town home condo. These condos sold for 99% of their asking price and were on the real estate market for 33 days which was in line with what other condos in London did.
2016 was a record year for real estate sales in London Ontario and area and Westmount was no exception, other than home buyers are experiencing a shortage of good homes for sale.
In 2015, 160 houses sold in Westmount in south west London Ontario through MLS for an average selling price of $378,515 which was 98% of the asking price and these took about 33 days to sell.
107 condos in Westmount were sold through our MLS system for an average price $185,872 and took on average 42 days to sell.
The Westmount neighbourhood in London Ontario has a combination of newer and older houses and condos and actually 3 very distinct areas.
City of London profile of the Westmount Neighbourhood
More London Ontario Neighbourhoods