Summerside London Ontario Real Estate All Homes for Sale MLS Summerside London

     Summerside London Ontario is an excellent neighbourhood for families as it has quick access to highway 401 and Veterans Memorial Parkway as it is located in South East London, east of Highbury, north of the 401, west of Veterans Memorial Parkway (Airport Road) and south on Commissioners Road East.

    Summerside London is growing with new homes being built, new schools in place, parks and a community centre and best of all, some of the better-priced houses and townhouses in London.

        London Ontario Real Estate Market Prices

    •  From January 1 to November 2, 2019, 128 houses in the Summerside London neighbourhood were sold through MLS from $333,000 up to $635,000, taking a median time to market for 33 days and selling for 100.64% of the asking price.

     

    •  In the same period, twenty townhouses were sold, from $290,000 to $445,000, it was 13 days they took on average to sell to change, and they sold for 103.37% of the asking price! If you were thinking of selling your condominium in Summerside, now may be an excellent time.

    London Ontario Property Value

    • In 2018, 91 houses sold in the Summerside London Ontario neighbourhood through our local MLS system for a median price of $465,122 which was 102.85 % of the asking price and took approximately 27 days to sell on average! The lowest price being $290,000 and the highest, at $780,000.

     

    • For townhouses in Summerside,  35 sold for a median price of $316,177, which was 103.71% of the asking price and the days to sell were 13! The lowest was $205,000 to a high of $424,000.

     

         How Not To Overpay For a Home in London Ontario

    Ask an Expert At Envelope Real Estate

    Overpaying for real estate in London, Ontario, over the past few months is occurring more often than not, and I have heard the following statements from buyers and Realtors.

    • “There is nothing I can do about it.”
    • “That’s just the way the real estate market is.”

    Really?

    Learned helplessness is a condition in which a buyer adapts to the scarcity mindset, the fear of loss and instant gratification and overpays for a house in London, Ontario and feel that there is nothing they can do about it and that the acceptance of their offer is totally out of their control.

    Yes, the real estate market in London, Ontario, is vibrant, and as a Realtor, that is quite positive. Yet, the consequences of enthusiastic buyers and their representative’s actions will have a negative effect, as history has proven over and over that the axiom “What goes up must come down,” holds.

    As a home buyer in London, Ontario, you have choices, and there are strategies you can take to ensure you do not overpay and get caught up in a frenzy.

    Contact us 519-435-1600

       Emotion or Logic When Selling a Home in Summerside London, Ontario?

       Are There Logical & Emotional Decisions When Selling a House in London, Ontario?

    The majority of Canadians do not buy logically. They buy emotionally and then try to justify their purchases rationally.

    Love your Home in Summerside London Ontario

    In real estate, some real estate salespeople logically try to convince their clients to buy a house in London, Ontario. That is why they do not sell many homes or help buyers purchase homes! Knowing that people will get involved in a property emotionally first & then, it is up to the real estate sales representative to provide reliable, logical reasons to justify the purchase or even for that matter, the sale of a home.

    Everything we buy is an emotional purchase. Take the shoes you are wearing. That is a logical point; however, the colour & style is your emotional choice.

    What about a particular brand of food when there are five others just like it? We buy it because of advertising, or your parents bought it. You do not logically decide which brand to buy unless you are a frugal shopper and even then, saving money is an emotional decision!

    In real estate, the same thing. Everyone needs a shelter of some kind, which is the logical point. The type they presently own or rent is an emotional decision. Buyers may want a home of a specific size or location, or like they grew up in, that is an emotional decision. For others, it may be on what they can afford. That may sound logical, but money and emotions are linked.

    So, when it comes time to list your house for sale in London, Ontario, who you list your home with and at what price, are they logical or emotional decisions?

    To effectively get buyers involved in your home, your listing Realtor must help them, and their real estate salesperson makes your house stand out physically, emotionally and financially.

    sell a home with Envelope RealEstate

    To effectively help buyers to acquire your home, your listing Realtor must eliminate those things that create fear or tension and replace them with words; images and information that will make a home buyer want to invest their hard-earned money in your home.

    Selling a house in London Ontario takes more than plopping a sign on your lawn, putting it on MLS and then hoping it will sell!

    How Much Is My Home Worth
    How Much Is My Home Worth?