Pond Mills, Westminster, Glen Cairn London Ontario Houses & Condos For Sale on MLS, Houses, Townhouses & Apartment Condos
Why Pond Mills, Westminster, Glen Cairn neighbourhood in south-east 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.
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.
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.
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.
According to a research report, 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!
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.
Here are a few townhouses in Pond Mills.
Buying a Home in the Westminster, Pond Mills Glen Cairn Neighbourhood in 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?
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.
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!
- 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!
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