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Oakridge London Ontario Neighbourhood Home Prices Have Increased

From January 1, 2019, to July 9, 2019, 131 houses in the Oakridge London Ontario neighbourhood sold through our MLS system, selling for an average 100.25 % of the asking price and taking a median eight days to sell. The lowest sold price was $340,100, and the highest was $825,000, with the average house price is $494,400, about $100,000 over the City of London average home price.

In the same period, 56 townhouses. townhomes and apartment condos were sold from as low as $216,000, and as high as $2,268,000, the average selling price was 103.10% of the asking price and taking nine days to change hands, overall, the average condo price in Oakridge is $367,005

London Ontario Property Value

  In 2018, 232 houses sold in the Oakridge London Ontario neighbourhood through our MLS system for a median 103.25% of the asking price which was $475,189 and these took on average 17 days to sell. The lowest was $310,000 and the highest at $818,000.

 94 townhome or townhouse condominium residences sold in 2018 at an average $402,942 which was 101.19% of the asking price and were on the market a median 16 days, the lowest price being $365,000 and the high was $456,000.

   What do these numbers indicate? Buyers are willing to buy, and the 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 misguided sellers who think their home is worth more than the other homes that have sold in their neighbourhood!

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 ageing 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 ) with large lots, mature trees and very few cookie cutter streets.

London Ontario

 Oakridge London Ontario Neighbourhood by the City of London

Some Condo Properties in Oakridge in London Ontario

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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