Sutton Group Envelope Real Estate Brokerage Inc.
Envelope Real Estate Brokerage Inc 181 Commissioners Road W London, ON N6J 1X9
Phone: 519-435-1600

Oakridge London Ontario Real Estate


 

All the houses & condos in Oakridge London Ontario For Sale on MLS   All Houses in London Ontario For Sale on MLS   All Condos in London Ontario For Sale on MLS

 

    For Oakridge London Ontario real estate from January 1 to October 10, 2018, 204 houses were sold through our MLS system for a median 101.11% of the asking price and these took on average 10 days to sell.

  There were 46 Townhouse or Town Home condos sold in the same period, averaging 106.09% of the asking price and the median days they took to sell was 8!

 Scroll down the page if you like detail and want to find out more about these sales. Information, I have found helps our clients make great decisions!

   What do these numbers indicate? There are buyers willing to buy and seller's who price their homes at the market price will get 99-101% of their asking price. Pretty simple, yet, I hear of buyers who think they can  get 10-15% off the asking price and a few misquided sellers who think their home is worth more than the other homes that have sold in their neighbourhood!

Oakridge London Ontario Real Estate Market

 

  336 houses in Oakridge London Ontario were sold through MLS in 2017 for a median selling price of 102.8% of the asking price and these took about 7 days to sell. 

 
 130 condos in Oakridge sold as well, from apartment style to one and two floor townhouses & townhomes. These were on the market for a median of 13 days and sold  for 101.81%  of the asking price!
 

 

       Oakridge London Ontario       

 

     More and more people are returning to their roots, buying these homes in Oakridge where they grew up, having large, deep lots and renovating them to meet their aging lifestyles. I have had many clients buy these 60's and 70’s homes and upgrade them with modern kitchens, larger bedrooms and bathrooms.

   Oakridge Acres, Oakridge Meadows & Oakridge Park are neighbourhoods in north west London (with a few small patches of 10 year old or less homes) with large lots, mature trees and very few cookie cutter streets. 

  Oakridge neighbourhood London Ontario City of London Report Oakridge London Ontario Neighbourhood by the City of London

            Some Condo Properties in Oakridge in London Ontario

 

                                Oakridge London Ontario Real Estate Map

 Other London Neigbourhoods


Oakridge London Ontario Houses & Condos


  In this so called information age, is there too much information? Could be, but I am alarmed by the amount of false information that is out there, especially when it comes to real estate.

   Oakridge London Ontario Real Estate Facts

  I speak with London home buyers and home sellers every day and the questions I get asked, the perceptions they have and in some cases, a real estate market belief system so strongly embedded that in time could be harmful to their financial wellbeing.

  If people hear the same thing, read the same thing or misunderstand something enough times, they believe it without asking the best question of all: "Is it true?"

 If someone was thinking of selling their home in Oakridge or buying a house or condo in Oakridge, would it not make sense to know the facts & make a decision rather than basing a decision on guesswork, false perceptions and emotional bravado?

Oakridge House Sales January 1 to October 10, 2018 Through MLS
204 of them were sold, want to know what streets or what they sold for?
Oakridge Condo Sales January 1 to October 10, 2018 Through MLS
There were 46 townhouses and town homes sold, find out how much
Step by Step Seller Chart
This simple, one page process chart starts with you thinking of selling and ends with you meeting with your lawyer and giving the keys to the new owners and you receiving a cheque! Hundreds of our clients have followed these steps, if you do too, it will make your life much, much easier!
Step by Step Buyer Chart
Follow these steps from starting to think about buying a condo to getting the keys from your lawyer to be able to move in. Miss any of these steps and you may have a few challenges!
Oakridge London Ontario 2017 House Sales
This 11 page report includes the 336 sale prices in the Oakridge London Ontario neighbourhood for 2017, such as asking price and sales price along with how many days they took to sell and percentages.
Oakridge London Ontario 2017 Condo Prices
This 5 page report report includes the 130 sale prices of the condos that sold in the Oakridge neighbourhood in 2017, such as asking price and sales price along with how many days they took to sell and percentages.

You, & Only You Determine When Your Home Sells in London Ontario


    Well Researched Pricing Leads to  Your House Selling in London Ontario

   Over 94% of home buyers surf the internet to begin their home search. That means home buyers are well aware of which houses are available & what the asking price is.

                  searching for a house to buy in London Ontario

  Today’s home buyers are wiser and have access to information that was not available years ago. Industry surveys show that the average home buyer sees 10-16 homes before making a decision!

  What that means in most cases is that home buyers and their sales representative know the market for homes similar to yours. Yes, every home may be unique and have different features but to get market value for those features and uniqness is another issue all together and that is what marketing is all about.

   Knowing that, now more than ever, pricing is the key to selling a house in London Ontario and area. Some home sellers think that a higher price will give them some negotiating room. But in fact many buyers don't even look at a property that is overpriced; much less make an offer on it. This can lead to the house listing becoming tired or in the worst case scenario, not selling at all.

 The first question a home buyer asks me when showing them a house to buy is “How long has this house been on the market?”

                               Selling a House in Oakridge London Ontario

  If it has been on the market more than 20-25 days, buyers wonder if there is something wrong with the property. After a while, the home seller then has to drop the price, taking less than they might have if they had priced it correctly to begin with.

  Homes that are well-priced attract the buyers in their price range.

  If the buyer's perception is that the property is a good buy, then the seller is positioned to receive the listing price or close to it.

  In closing, when selling a home in London Ontario and area, how thorough is your research and that of your Realtor of the real estate market? Is it true?

 Would you like to know more about selling a home than most real estate people do? You can, have a quick look.


Choices To Make Before Buying a House in Oakridge London Ontario


     In a recent survey, the biggest and most costly error home buyers make is how they start the process of buying a home in London.

 Usually the first step is deciding you want to move,  to stop renting or downsizing from a larger house. All good so far.

                          searching to buy a condo in London

 Then, most of you will go and talk to a good mortgage lender( this is a major and crucial step and be careful whom you talk to, I cover that in another report) to see if you qualify and for how much. How much of a downpayment and what would your average payments be. Again, you are on the right track.

 Then what?

 Yup, most of you start searching the MLS listings, Kijiji, real estate websites and real estate magazines (that are usually a month late) and what do you do? You call 4 or 5 real estate sales people who have listings you want to see and set up an appointment.

 While making those appointments you hear the same thing:

  • Are you preapproved for a mortgage?

  • Are you working with an agent?

  • Do you have a house to sell?

  • Perhaps a few more personal questions or the name of your cat or dog! 

 

        Questions about buying a home in London Ontario

 Then you go see a few homes, if you like one you may put in an offer with the listing sales person  without any research or thought of the long term consequences.

   Or, the homes you have seen are not to your liking, but you like the sales person and they convince you that they can help you look for something else, again, without any research of that agent or thought of the long term consequences!

  The wisest thing you can do after you have made the decision you want to move, is to research and contact the real estate sales person who has the skills and experience and whom you will entrust your hard earned money to!

 Maybe interview two or three.

 Then when you have confidence in the sales person you have chosen, that good real estate person will research properties on your behalf, make appointments to match your time table, protect you in the buying and offer process and be there if any challenges come up.

 Do you not think that having that type of representation would be better for you than just entrusting that binding faith with just anyone? A friend of a friend, Uncle Joe's distant cousin who just got her license and needs some money, or your co-worker who's husband 'does' real estate on the side!

11 Questions You may Want To Ask a Real Estate Person BEFORE you start!


Sifton Bog


Sifton Bog in London Ontario

Sifton Bog is located on the south side of Oxford Street, same side as Remark, just west of Hyde Park Road

  The main feature of this public site is the floating acid peat bog and associated boreal plant life. Deciduous swamp and upland forest surround the bog, providing a sharp contrast between the northern (boreal) and southern (Carolinian) vegetation types.

   There is a variety of trails within this site, totaling 2.5 km. A 370-metre long boardwalk leads from the parking lot at Oxford Street to Redmond’s Pond at the centre of the bog, where there is a viewing platform. Most of the trails are easy to walk, but there are a couple of short hills.

 Sifton Bog Map