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    Pond Mills, Westminster, Glen Cairn London Ontario Houses & Condos For Sale on MLS, Houses, Townhouses & Apartment Condos

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      Why  Pond Mills,  Westminster, Glen Cairn neighbourhood in south-east London, Ontario?

    A happy Family living in London Ontario

    Pond Mills Westminster and Glen Cairn offer a wide variety of house styles, most with larger lots than the norm and some of the best values for the dollar in London, Ontario. There is a highrise apartment for condos in Pond Mills, some low-rise condos on Deveron, and some great townhouse condos at a reasonable price.

    One of the lakes in Pond Mills 

    You also have 203 hectares of Westminster Ponds /Pond Mills Environmentally Significant Area(ESA) and is the largest publicly owned ESA in London.

    The ponds and the 10.5 km Westminster Ponds Trails are south of Commissioners Road and east of Wellington Road, behind the Tourist Information Centre, and across from Shoppers Drug Mart at Adelaide and Southdale eastward to Pond Mills Road.

    May 2021 was yet another remarkable month for home sales activity in LSTAR’s jurisdiction: the Association recorded 1,258 residential transactions via its MLS® systems – year-to-date sales are at an all-time high. At the end of May, there have been 5,175 sales, up 64.3% over the same period last year.

    The overall inventory figure, which shows how long it would take to liquidate the existing housing supply in our area at the current rate of sales activity, remained at 0.6 months – its lowest level in the last decade.

    The following table illustrates how last month’s benchmark prices compare to the average sales prices. The MLS® Home Price Index (HPI) benchmark price reflects the value of a “typical home” from a certain area as assigned by local home buyers based on various housing attributes. The average sales price is calculated by adding the sale prices for all the homes sold and dividing that total by the number of transactions. Since monthly averages may be skewed by the type of houses sold in that timeframe, the HPI benchmark price is a more accurate way to gauge price trends.

    Area May 2021 MLS® HPI Benchmark Price May 2021 Average Price
    Elgin $621,400 $646,427
    London East $506,900 $502,608
    London North $691,700 $741,983
    London South $577,100 $655,662
    Middlesex $856,800 $808,936
    St. Thomas $507,000 $547,777
    Strathroy $681,300 $636,491
    LSTAR $586,200 $636,053

    The single-family home remains on top of the local buyers’ preferences, with 937 sales in May. The table below shows the May benchmark prices for all housing types and how they stack against the values from a year ago.

    MLS® Home Price Index Benchmark Prices
    Benchmark Type May 2021 Change over May 2020
    LSTAR Composite $586,200 ↑ 42.5%
    LSTAR Single-Family $637,700 ↑ 46.2%
    LSTAR One Storey $598,100 ↑ 49.5 %
    LSTAR Two Storey $678,300 ↑ 43.7%
    LSTAR Townhouse $484,900 ↑ 32.1%
    LSTAR Apartment $248,300 ↓ 8.8 %

    Even though all the increases were seen in the HPI benchmark prices and average sales prices, homes in LSTAR’s jurisdiction appear to be relatively affordable compared to houses from some other major Ontario and Canadian centres. The following table is based on data taken from the CREA National Price Map for April 2021.

    HPI Benchmark Home Prices Across Canada - April 2021

    According to a research report[1], a total of $73,250 in ancillary expenditures is generated by the average housing transaction in Ontario over a period of three years from the date of purchase.

    The pandemic and the newly introduced mortgage stress test have made the home buying and selling processes a bit more challenging, and this is where an experienced Realtor can really make a difference!

    • In 2021, as of June 3, houses and condos in this neighbourhood sold through MLS for 116.49% of the asking price and were on the market for only seven days and  as you can see, the Pond Mills, Glen Cairn neighbourhoods remain a seller’s market as does all of London.
    •   In 2020,  102 houses in the Pond Mills, Glen Cairn area of  London sold for a median 108.37% of the asking price, from a low of  $325,000 and the highest $719,000 averaging seven days on the market. In that same period, 81 condos in Pond Mills changed hands, including townhouse & apartment condos for a median of 102.74% of the asking price, the lowest being $195,000 and the highest $405,000 and 9 days on the market!
    • In 2019, 122 houses were sold in the Pond Mills, Glen Cairn, Westminster neighbourhood through our MLS system, from a low of $255,000 up to $515,000, selling on average a whopping 105.31% of the asking price and taking on average 15 days to sell. In the same period, 72 apartment condominiums & townhouses sold, from $130,500 to $300,000, selling 104.94% of the asking price and taking a median of 15 days to sell.

    All The Houses & Condos For Sale in Pond Mills Glen Cairn London Ontario

      With some of the lowest prices in the city and a shortage of homes for sale in London, this neighbourhood is in demand as the prices and days on the market indicate.

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    Here are a few townhouses in Pond Mills.

     Buying a Home in the Westminster, Pond Mills Glen Cairn Neighbourhood in London, Ontario

          guide to buying a house in London Ontario & area                    All The Houses & Condos For Sale in Pond Mills Glen Cairn London Ontario

    With the average house prices in London, Ontario, setting a record, what would happen if you had a strategy before you even started the process of looking at houses or townhomes?

    When I say strategy, I am not talking about price or style or how many bedrooms. You already have a good idea of what you can afford and what you want.

    Emotion sometimes can cloud our reasoning, which in turn might cause us to overpay for a home or rush the selection process.

    If the questions determine the quality of our life, we ask ourselves, what about if you knew what questions to ask when buying a home and if the answers you receive are accurate?

     Here is a start!

    Selling a Home in The Pond Mills, Westminster, Glen Cairn Neighbourhood

    There are quite a few strategies you can use to sell a house or condo; if you follow these proven strategies, 9 out of 10 times, your home will sell quicker and for more money.

    Over the years, helping hundreds of home sellers successfully sell their home, 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.

    sell house in London Ontario                  All The Houses & Condos For Sale in Pond Mills Glen Cairn London Ontario

    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 unecessary problems that can occur!

    The First 10 Days When Selling a Home in London Ontario Are So Important, Here Is Why

    •  In 2018 the Pond Mills, Westminster & Glen Cairn real estate set record prices with 120 houses selling through our MLS system for a median price of $307,262, 104.92% of the asking price, and to top things off, sold in a median of 13 days! 88 Pond Mills condominium residences sold in 2018, from townhouses to apartment-style, taking an average of 14 days to sell for $185.841 and get this, that was 105.70% of the asking price!

    As you can see, Glen Cairn Pond Mills has attractive home prices, and the neighbourhood has a lot going for it; take a drive, you may be surprised!