As of October 9, 2018, 69 houses in Summerside London, Ontario sold through our MLS system for a median 103.06% of the asking price, and they took about 13 days to sell!
For townhouses in Summerside London Ontario, 20 sold for a median 104.19% of asking and only 8 days!
At the present time, there is a shortage of good quality homes for sale in Summerside London Ontario as you can see, selling for more than asking and in less than two weeks! Will this continue?
I have a few thoughts on that.
Summerside London is a great neighbourhood for families as it has a great quick access to highway 401 and Veterans Memorial Parkway, making the commute to work that much less driving time!
Summerside is one of London Ontario's newer communities and is located in the South East of London, East of Highbury, north of the 401, West of Veterans Memorial Parkway (Airport Road) and south on Commissioners Road East.
The Summerside neighbourhood of London has been growing at the southeast edge of the city for about 14 years or so. Summerside holds a lot of appeal for those who wish to live in London, but whose work carries them to neighbouring communities such as St. Thomas, Ingersoll or Woodstock or quick access to Highway 401.
It is a popular area for younger families as house prices are attractive. This community offers single-family houses, condo townhouses, attached and detached condo bungalows and a gated condo corporation. There are houses being built all the time and the resale market is vibrant!
Plenty of shopping, schools and churches nearby.
Summerside London Ontario houses and condos set a record for sales in 2017. with 117 houses selling through our MLS system for a median 103.78% of the asking price and these took about 8 days to sell.
30 condos were sold, averaging 101.53% of the asking price and about 14 days on the market.
Other London Neighbourhoods