London MLS® Sold Data
0 Listings
About London Real Estate
The City of London has a vibrant past that can still be seen in some of the city’s historic landmarks and architecture. London has a healthy population which is growing every year. That's because London is a marvellous city with a lot to offer its residents. London is home to some of the more reasonable property prices in the province. The average sold property price in London is almost half of what you would pay in larger cities like Toronto. London has an excellent property inventory made up of townhomes, condos and single-family dwellings that vary in price, location and amenities. Due to the incredible prices and positive attributes of the city, properties typically sit on the market in London for a short period of time.
Is the London Real Estate Market a Good Long-Term Investment?
London is a city know for many things. It’s home to the University of Western Ontario, which happens to be one of the most prestigious schools in the country. London also has an abundance of concert venues, including the very popular Budweiser Gardens, as well as the family favourite getaway spot, Storybook Gardens. London is a city for all demographics to work, play and thrive in. London has an array of wonderful restaurants, bars, nightclubs, museums, art galleries, breweries, shopping centres, and local shops to enjoy. London is also a city with a rich history and a strong future economic outlook. If you’re looking to buy property in a city where your investment will constantly grow, London, Ontario is the place for you.
London Real Estate Statistics
London real estate average sold price in the last 30 days (January 21 - February 19) was $660,457, which is $45,110 (6.8%) higher than the average price of $615,347 in the previous 30 day period (December 22 - January 20), and $399,359 (60.5%) up from the same period 1 year ago ($261,098). London real estate prices over the last 30 days are also $42,928 (6.5%) higher than the average selling price of $617,529 over the past year.
London average sold price for homes was $726,724 in the last 30 days (January 21 - February 19), which is $24,025 (3.3%) up from the average home price of $702,699 in the previous 30 day period (December 22 - January 20), and $442,406 (60.9%) higher than the same period 1 year ago ($284,318). In the last 30 days London the average home price was $38,178 (5.3%) higher than the average selling price of $688,546 over the last 12 months.
Average London condo sold price over the last 30 days (January 21 - February 19) was $408,710. During this period it was $11,966 (2.9%) up from the average price of condo of $396,744 during the previous 30 days (December 22 - January 20), and $256,290 (62.7%) higher compared to the same period 1 year ago ($152,420). In the last 30 days London the average condo price was $36,620 (9.0%) lower than the average selling price of $445,330 over the last year.
Average sold price of London townhouse was $516,034 in the last 30 days (January 21 - February 19), up $45,821 (8.9%) from the average townhome price of $470,213 over the previous 30 days (December 22 - January 20), and $294,726 (57.1%) higher than during to the same period 1 year ago ($221,308). Over the last 30 days the average townhouse price in London was $33,523 (6.5%) higher compared to the average selling price of $482,511 over the last 12 months.