Homes For Sale in Old South London Ontario For The Real Estate Conscious: Wortley Village and Old South London
Sales History Old South London Ontario Area
In 2023 as of June 2, year-to-date, fifty-four houses and six apartment condos sold in Old South London. In May, sixteen houses and two apartment condos sold; with 18 sold and 24 active listings, the absorption rate is 75%, which indicates a seller’s market in Wortley Village and Old South London; anything over 20% is a seller’s market, and under 15% is a buyer’s market. See real estate calculations.
If curious, you can view the previous year’s numbers at the bottom of this page.
Still a great family neighbourhood 
All the pubs have water for me to drink; what a nice touch!
Nearby is Thames Park, which provides recreational activities, including four tennis courts, playground equipment, an outdoor pool, picnic areas, and access to London’s riverside bike and walking trails. There are 80 plus small businesses and establishments. The new YMCA has proven to be quite popular and another drawing card for Old South London.
The character and charm of this great London neighbourhood attract home buyers, and the people who live in Old South love the ability to walk and shop in the Wortley Village core, with tree-lined streets and very few cookie-cutter homes.
The Old South Wortley Village Business Association does an excellent job of hosting and presenting community events.
Schools: Thames Valley District School Board Website for all schools in London, updates and programs London
District Catholic School Board
How to Get the Optimal Price for Your Old South London Ontario Home!
Below are some helpful tips, money-saving ideas and home seller strategies to help you sell your home in Wortley Village and Old South London quicker, for more money and be stress-free! The procedures below are from selling hundreds of homes successfully in London, Ontario, and the area.
Home Seller 101
If you don’t read any further, remember these 14-words: get as many qualified buyers to see your home for sale! How to Get More Buyers to See Your Home
You Are Not a Home Seller Until Your Home Sells And The Money Is In Your Account!
In today’s market, buyers are increasingly savvy. This means the competition is stiff! That means that your home will sell at the highest profit and in the quickest amount of time when all the ingredients are combined correctly. If only one element is left out of the formula or is out of proportion to the others.
Selling a Condo Apartment or Townhouse The Right Way Takes Patience & Smart Choices. Here’s Why
Every apartment or townhouse owner I have ever met wants their condo to sell for as much as they can. That’s understandable, and it’s not luck that makes that happen; it’s applying proven strategies, marketing and experience that will encourage condo buyers in London to reach for their chequebooks!
50 Inexpensive Tips To Enhance The Value of Your Home!
Here are 50 inexpensive things you can do to enhance the value of your house or condo. Time and time again, when I show homes or list them, some or all of these tips would have dramatically sped up the sale or received more money. Over the years, I have found that the little things a buyer sees may be the stumbling block in making an offer on your home. You have one chance of making an excellent first impression when a buyer walks into your home; try one or ten of these, and you will sell quicker and, in most cases, receive more money!
London Home Seller’s Guide To Moneymaking Fix-Ups
Here’s an informative guide to help you realize the most profit from your home and perhaps avoid costly repair rip-offs. Each year thousands of homeowners needlessly lose thousands of dollars when selling their homes. But they don’t lose the money for reasons you might think. They lose money because they unknowingly left it on the table, for the buyer to pocket, by failing to recognize their home’s hidden profit potential.
Those hidden profits exist in two areas. First, most homeowners never discover that particular minor, even inexpensive repairs to their existing home could generate many times their cost in additional home value. But on the other hand, other repairs and improvements can cost you dearly. It’s critical to know what repairs and improvements to spend money on and which ones to leave alone.
How To Sell Your Home & For How Much in Wortley Village?
What your house or condo is worth may differ from what a buyer perceives it to be worth! For example, a two-story, four-bedroom house with a large backyard is of little interest to someone downsizing or a single person, or, for that matter, a one-floor bungalow townhome has little value at this time for a young family with pre-schoolers. We all understand this exceptionally well.
A home’s value is what a qualified buyer is willing to pay and a willing seller is willing to sell for. Very basic, very simple, it then comes down to perceptions, beliefs, biases, prejudices or emotional choices or fear of loss! Or, in some cases, stubbornness!
When we meet with a home seller, not only do we consider all the above, we back up our numbers with facts and not opinions, we may not tell you what you want to hear, but you will hear the brutal truth! We sell homes; we don’t just list homes and hope they sell; hope is not a strategy. For a personal in-home valuation with no strings attached or obligations, give me, Ty Lacroix, a call at 519-435-1600 or by email.
Thinking About Buying a House Or a Condo in London?
How Often Do You Hear Yourself Saying: “No, I Haven’t Read It: I’ve Been Meaning To!”
Most home buyers only think about price, style and location. But there’s more than that! For most, buying a home in London, Ontario & the area can be an emotional roller coaster! It comes with many details, and some buyers may get caught up in the excitement and tend to overlook a few things.
Over the years, through experience in working with hundreds of buyers and sellers in London, Ontario real estate, we have been able to help clients overcome the conflicting misinformation about real estate and apply sound common sense so that our clients are assured they are making great decisions and avoiding emotional overzealousness to buy!
If you are going to spend hundreds of thousands of dollars on a home in London and the area, and whether you are a first-time buyer or buying your 5th, a few minutes of informed insights will be well worth your time and thousands of dollars in prevention!
Below are 6 of 22 reports or videos we have prepared to help our clients make prudent decisions!
What price do you offer a seller? Is the seller’s asking price too high? Is it ideal? Without research on the market and comparable homes, you are bidding blind. A professional Realtor who represents you should offer an unbiased opinion on a home’s value based on market conditions and the house and neighbourhood conditions. I said it should, but how would you know if it is unbiased, what comparables are used, and in what time frames? Without this knowledge, you could quickly bid too much or miss out on a great buying opportunity. Why? There are ten other great tips in this report.
Buying a condo in Dorchester, Ontario, be it an apartment, a townhouse, or a townhome, takes much more care than purchasing a house. The reason is that due diligence is required to understand the condominium corporation’s bylaws, financial status, rules and regulations, and by-laws! These notes will give you several helpful, straightforward tips for buying a condo in London, plus answers to a condo corporation and valuable links.
Report # 3 Who Else is Going To Be Involved When I Buy Real Estate?
Many other professionals or non-professionals are involved in your real estate transaction. An excellent, thorough Realtor will ensure you are working with qualified professionals.
Report #4 Role of a Lawyer in a Real Estate Purchase
The purchaser’s lawyer’s purpose is to protect you, the purchaser, throughout the transaction and ensure that you obtain a good title to your new property. The purchaser’s lawyer also represents your mortgage lender’s interests in preparing and registering the mortgage documents—tips on what to ask a lawyer.
Report # 5 Role of a Home Inspector
There are several reasons for having a home inspection, but the most compelling reason is that the inspector looks at the property differently than a purchaser. A good home inspector will also educate you on operating your home’s systems. A great Home Inspector will explain how to solve the problems found that day, giving you enough information to make the right buying decision with everything you have learned.
Report # 6 What Do All These Real Estate Words Mean Anyway?
What do all these real estate words mean? Learn a few; never will a lawyer, Realtor, economist, mortgage lender, politician or hairdresser ever confuse you again! If they do, say good bye, Au Revoir, adios, Auf Wiedersehen, Yasou, Arrivederci, Żegnaj, Do svidaniya, Do pobachennia, Tạm biệt, Ma’a as-salaama!
Ty Lacroix Broker of Record/Owner 
- Prior Year Sales in Old South London & Wortley Village
In 2022, 168 houses in Old South London sold, with the average number of days to sell being fifteen, which was twice as long as the Spring of 2022. These 168 houses sold for an average of 110.94 of the asking price, with the sold prices ranging from $359,900 to $2,100,000. Nine apartment condos sold, with the average days on the market to sell through MLS being twenty-three; the sold prices averaged 110.94% of the asking price, with the sold prices ranging from $500,000 to $1,200,000! Two townhouses sold, one at 30 Grand for $540,000 and one at 352 Ridout for $800,000.
In 2021, 242 houses in Old South London, including Wortley Village, sold through MLS, averaging twelve days on the market and selling for 111.03% of the asking price, the lowest at $285,000 and the highest at $2,050,000. Thirteen apartment condos sold in Wortley Village in Old South London, averaging 15 days on the market and selling for 105.19% of the asking price. The lowest was $267,900; the highest was $772,811, and the average price per square foot was $408.00. Six townhouse condos in Old South sold, averaging seven days on the market and selling for 101.33% of the asking price, the lowest at $450,000, the highest at $630,021.
- In 2020, 186 homes in Old South London sold through MLS, averaging seven days to sell for a median of 102.17%% of the asking price from a low of $246,000 to a high of $1,500,000. Nine condos in Old South London changed hands in the same period; the median days to sell were 19 for $103.51% of the asking price, from a low of $139,000 to a high of $472,000.
- In 2019, 229 houses changed hands in the Wortley Village, Old South London neighbourhood, from $230,000 to $1,120,000, taking sixteen days to sell on MLS at a median of 103.13% of the asking price. Eight condominiums changed hands in the same period through MLS, a low of $152,100 and a high of $499,000, averaging eight days on the market and selling for 101.22% of the asking price.
- In 2018, in Wortley Village, Old South London, Ontario, real estate sales were robust, with 196 single-family houses sold for an average price of $404,718, 102.28% of the asking price and the median time on the market was 20 days! 13Wortley Village condominiums changed hands, averaging a $309,902 selling price, 97.46% of the asking price; condos in Old South London took about 35 days to sell.
