Hyde Park, ON

What was the real estate market for houses and condos like in Hyde Park, a neighbourhood in north west London in 2009 and what to expect for 2010?

Homes in Hyde Park

From January 01, 2009 to December 31, 2009, 42 homes in Hyde Park exchanged hands and it took an average of 58 days for homes to sell. The majority were 2 storey houses. The average asking price was $268,540 and those that sold, did so for 99.5% of asking which was $268,402.

Averages are a good starting point to understand the swings in price; however, for example, a lot of the above sales were brand new homes mixed in with some homes under 5 years old. For an in depth report, give Ty a call.

What Does This All Mean? For Sellers:

Hyde Park in London is quite stable with a lot of new construction still occurring.

Economists are predicting real estate in the London region may increase 8-9% in 2010 and interest rates to increase as high as 6%. Hyde Park will be a neighbourhood that may see these price increases because of the amenities and the inventory of homes for sale.

I cannot predict the future; however; in any market, clean, quality homes that are priced well sell quickly. Those who are testing the market or not facing reality as to the real value of their home, languish on the market, take longer to sell and for far less than the correct price which the home should have been marketed for in the first place.

Why do some homes sell in 7-10 days and others 55-75 days? It is what I call the 3 P's of real estate. Price, Product and Promotion.

If you want results and straight talk, calling a professional REALTOR® like me for the real facts will ensure your real estate experience is a successful one.

What Does This All Mean? For Buyers:

Quality houses and condos in Hyde Park will be more in demand as more people learn about the amenities and lifestyle.

Call me today for my Exclusive Envelope Real Estate Home Buyer Kit that will help your real estate experience be successful and enlightening!

For a current list of houses and condos for sale and a list of schools and other conveniences, feel free to contact me.

I have put together a list of houses for sale in Hyde Park which not only includes pictures, but lot and room sizes, taxes and more. Hyde Park is a neighbourhood in London Ontario

Hyde Park has Hyde Park Road which is a north-south arterial road in London Ontario, Canada. It extends from the Thames River in the Oakridge area northward through the village and road namesake of Hyde Park and north of the city to Highway 7.

Hyde Park Road today has plenty of shopping, new home sub divisions for its entire length, and is a main road between Oxford Street and Fanshawe Park Road. There is a large big-box development near Fanshawe Park Road.

Hyde Park is a great close knit community with a wide range of service clubs and sports organizations.

Easy access to downtown London, Lake Huron, some great golf courses and walking trails. Hyde Park offers a wide selection of houses and condos to fit most budgets.

To get this report, go to

http://www.enveloperealestate.com/Hyde_Park_Houses/page_2309982.html

Hyde Park Neighbourhood in London Ontario

Hyde Park has Hyde Park Road which is a north-south arterial road in London Ontario, Canada. It extends from the Thames River in the Oakridge area northward through the village and road namesake of Hyde Park and north of the city to Highway 7.

History

Hyde Park Sideroad originally ran northward on a fairly straight alignment through the lowlands east of the Byron Bog. North of Oxford Street, it crossed the Canadian National Railway via a narrow truss bridge, and then crossed the Canadian Pacific Railway south of Hyde Park via a one-lane subway. In the early 1980s, Hyde Park Road was largely bypassed to the east between Oxford Street and Riverside Drive, completely avoiding the environmentally sensitive area near the bog which also included very steep grades.

Hyde Park Road today has plenty of shopping, new home sub divisions for its entire length, and is a main road between Oxford Street and Fanshawe Park Road. There is a large big-box development near Fanshawe Park Road.

Hyde Park is a great close knit community with a wide range of service clubs and sports organizations.

Easy access to downtown London, Lake Huron, some great golf courses and walking trails. Hyde Park offers a wide selection of houses and condos to fit most budgets.

For a current list of houses and condos for sale and a list of schools and other conveniences, feel free to contact me.