144 houses were sold in the Hyde Park London Ontario neighbourhood from January 1 to July 4, 2019, from as low as $255,000 and as high as $ 825,000, taking about 12 days to sell for 101.86% of the asking price.
For townhouses and apartment condos,52 were sold as of July 4, 2019, as low as $235,000 and up to $487,500, selling for 102.95% of the asking price and on the market an average 14 days!
In 2018, 245 houses in Hyde Park sold for a median price of 102.19% of the asking price and these took about 22 days to change hands at an average price of $429,302.
For condominiums in Hyde Park, 98 sold in 2018, including apartment style and townhouses for a median price of $299,553 which was 101.54% of the asking price and took about 25 days to trade.
When we see less than three weeks on the market for a home to sell, and sold prices being close or above the asking price, that means it is a seller’s market in London and especially this neighbourhood.
Hyde Park London Ontario real estate sales in 2017 set a record for home sales with 300 houses selling through MLS for 103.07% of the asking price and on average, taking seven days to sell!
One hundred twelve condominiums in Hyde Park sold, average 100.04% of the asking price and the median days these took to sell was only 15 days!
Hyde Park is a neighbourhood located in North West London, with Fanshawe Park Road West to the north Hyde Park Road & Sarnia Road centres the area and east of Wonderland Road north, all the way to the south-west corner of Oxford Road W.
Buying a House In Hyde Park London Ontario
As a home buyer in London Ontario and area, being your first time or your 5th, most buyers face at least one of these situations.
- You’re looking to make one of the most important purchases of your life, and you don’t want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.
- You think you know the values in the marketplace but are not sure. You know how much you are pre-approved for, but you don’t want to go that high. What you really would like is to be assured of getting the most that you can for your money, without having any regrets after your closing.
- You are feeling out of control because there are so many unanswered questions you do not have answers for thus making it hard to know where to start.
Is there a more natural way? Not really! I believe these are all prime concerns because you are spending hundreds of thousands of dollars. You should be very cautious about how you proceed.
There is no need for a buyer to have this uncertainty and fear of the unknown. If you take a deep breath and get the facts and not opinions on price and neighbourhoods around London Ontario, the home buying process will at least be more transparent.
Basing your decisions on logic and controlling your emotions goes a long way in ensuring the home you buy will be a wise financial decision. The hundreds of buyers we have helped sure think so because they told us.
Does it not make sense that for you to make one of the most critical decisions in your life, you may want to be well informed and protected?