Riverbend London Ontario Real Estate Price Trends
So far in 2023, the Riverbend area real estate market has held its own; as you can see with the 2023 sales and comparing with the 2022 numbers at the bottom of this page, homes in Riverbend are selling close to the asking price. One area of the local market to keep an eye on is the shortage of homes for sale, which, as a seller a good thing and for a buyer, if the home is priced right, your negotiating power is negligible.
In 2023 as of May 6, twelve houses sold, ranging from $805,000 to $1,698,000, which was 98.39% of the asking price and on the MLS system an average of forty-three days before selling. Our MLS system reported no sales of apartment condos in Riverbend London. Ten townhouse condos sold from $635,000 to $755,000, which was 99.14% of the asking price and took an average of twenty days to sell.