Lambeth & Talbot Village London Ontario Homes For Sale Lambeth, Talbot Village & Southwinds Village Real Estate Market
Lambeth is a neighbourhood in the southwest of London, about 10 minutes to downtown on a good day, a bad day, 12! The 401 and 402 highways are 3 minutes away, and six golf courses are within a 20 KM drive! There is a shopping plaza at Colonel Talbot Road and Southdale Road West with groceries, a pharmacy, dining and fast food, banking, etc.
Schools and churches are bountiful, along with professional services. Lambeth has homes from entry-level to executive properties and condos. Drive through Talbot Village for new houses and condos or off of Pack Road, Southwinds Village for some sprawling dwellings, or the Outer Drive area going south on Colonel Talbot Road or the heart of Lambeth, some quaint shops and many services.
November 1, 2023, Lambeth London Ontario Real Estate Market Stats
| Houses Sold in October 2023 9 | Apartment Condos Sold in October 2023 N/A | Townhouses/Townhomes Sold in October 2023 1 |
| Houses Sold Year To Date 125 | Apartment Condos Sold Year To Date N/A | Townhouses/Townhomes Sold Year To Date 9 |
| Time on Market 33 days | Time on Market N/A | Time on Market: 69 |
| Price Range $530,000 – $2,500,000 | Price Range N/A | Price Range $548,000 – $785,000 |
| % to Asking Price 98.31% | % to Asking Price N/A | % to Asking Price 98.79% |
A Quick Glance At The Real Estate Market In London, Ontario From January 1, 2020, to October 31, 2023
In the four charts below, you can see the monthly supply of homes for sale has almost tripled, hence an indication of a buyer’s market. The median sales price and days on the market indicate that homes are realizing their value. Some may say prices are falling, but they are now valued at what they are worth! The quantity of homes sold indicates what the first three charts show, more homes for sale; hence, buyers do not have to go wild with their offers and make offers with conditions such as financing or a home inspection and, of course, when interest rates double, it eliminates the economically challenged.
October 1, 2023, Lambeth Real Estate Market Stats
| Houses Sold in September 2023 9 | Apartment Condos Sold in September 2023 N/A | Townhouses/Townhomes Sold in September 2023 0 |
| Houses Sold Year To Date 116 | Apartment Condos Sold Year To Date N/A | Townhouses/Townhomes Sold Year To Date 8 |
| Time on Market 32 days | Time on Market N/A | Time on Market: 62 |
| Price Range $530,000 – $2,500,000 | Price Range N/A | Price Range $548,000 – $785,000 |
| % to Asking Price 98.43% | % to Asking Price N/A | % to Asking Price 99.74% |
If you are curious about the previous year’s stats and how prices have risen, you can see the facts at the bottom of this page.
Schools & Churches Lambeth Area
Elementary Schools
High Schools
St. Thomas Aquinas Catholic Secondary School
Sports
Churches
St.George Roman Catholic Church
Prior Years Numbers For Lambeth London Ontario
- In 2022, 148 houses in the Lambeth London area sold, with the average days to sell through MLS being eighteen, twice as long as in the Spring of 2022, and these 148 houses sold for an average of 103.87% of the asking price. The sold prices for these houses ranged from $545,000 to $2,320,000. Five townhouse condos in Lambeth sold, averaging thirty days on the market to sell for an average of 107.37% of the asking price, with the sold prices ranging from $585,000 to $870,000!
- In 2021, 235 houses in the Lambeth Talbot Village neighbourhoods of London sold through MLS, averaging 15 days to sell for a median of 107.82 % of the asking price, the lowest being $450,168 and the highest $2,250,000. Six townhouses or townhomes in Lambeth sold, averaging eight days on the market and selling for 110.79% of the asking price! The lowest being $556,000 and the highest at $800,000.
- In 2020, 223 houses in the Lambeth & Talbot Village neighbourhood in southwest London sold on MLS, averaging 23 days on the market, from a low of $346,000 and up to $2,700,000 and selling for 99.36% of the asking price! In the same period, five condos in Lambeth changed hands; the median days on the market were 3, selling for 102.91% of the asking price and from a low of $400,000 to a high of $535,000.
- In 2019, 170 houses were sold through MLS in the Lambeth neighbourhood, from as low as $299,900 and $1 850,000. Thirty-seven days was the average time on the market to sell for 99.94% of the asking price! Twelve condos sold from $395,000 to $910,000 for an average of 100.01% of the asking price and were on the market for 21 days.
- In 2018, 149 houses were sold in the Talbot Village, Southwinds & Lambeth neighbourhood of London for a median price of $591,504, which was 99.08% of the asking price and took 21 days on average to change hands. Twelve condominium townhouses and townhomes in Lambeth sold in 2018 for an average of $479,900, 99.22% of the asking prices and sold within 16 days.
- In 2017, Lambeth London, Ontario, houses & condos, including Talbot Village and Southwinds, set a record with 232 homes selling for close to the asking price and taking about 20 days to sell on average; for condos in Lambeth, eight sold, a median time to sell was 25 days and these sold for 98.62% of the asking price.
