•      In 2021, as of March 2, 44 houses sold for an average of 100.86% of the asking price and on the market a median of 8 days! No townhouses were reported as sold!

•     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.

Lambeth in London, Ontario, continues to be a sellers’ market with very few resale homes for sale.

•  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 were sold from $395,000 up to $910,000 for an average of 100.01% of the asking price and on the market a median of 21 days.

 Tell Me More About Lambeth, Talbot Village, Southwinds

Lambeth is a neighbourhood in the southwest of London, about 10  minutes to downtown.

The 401 and 402 highways are 3 minutes away, and within a 20 KM drive are six golf courses! There is a newer shopping plaza at the corner of 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 a multitude of services.

Elementary Schools

Lambeth Public School

St. George Catholic School

High Schools

Saunders Secondary School

Regina Mundi Catholic College

St. Thomas Aquinas Catholic Secondary School 

Sports

Lambeth Minor Hockey

Lambeth Youth Soccer

Churches

Forest City Community Church

New Hope Community Church

St.George Roman Catholic Church

Trinity Anglican Church

Home Buyer 101 When Shopping To Buy a Home in London Ontario & Area

 Selling A Home in Southwinds, or Talbot Village in Lambeth London Ontario

If The Price Is Not Compelling, The House Is Not Selling!

94.8% of home buyers surf the web to begin their home search. That means home buyers are well aware of what houses are available & selling for.

Today’s home buyers are wiser and have access to information such as sold prices, what’s for sale, even online valuations!

More than ever, the price is the key to selling a house in London, Ontario and the area. Some home sellers think that a higher rate will give them some negotiating room. But in fact, most buyers don’t even look at an overpriced property, much less make an offer on it. Too high of a price can lead to the house listing becoming tired.

The first question a home buyer asks when showing them a house is, “How long has this house been on the market?” If it has been on the market, a seller’s market for more than 7-10 days, buyers wonder if something is wrong with the property. Homes that are well-priced attract buyers.

Over the years, helping hundreds of home sellers successfully sell their homes, we designed a series of checklists, a set on pricing, a series on the process and what to expect, from start to finish, the good and the bad. Our clients love it, and I thought that you might as well.

There are little subtle things that start to add up and, if not checked in time, can mean the difference between your asking price & actual sale price and how much longer it will take your home to sell, not sell or unnecessary problems that can occur!

   2018 & 2017 Numbers

•   In 2018, 149 houses 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, took 21 days on average to change hands. Twelve condominium townhouses and townhomes in Lambeth sold in 2018 for an average of $479,900, which was 99.22% of the asking prices and sold within an average of 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.