About London's White Oaks

Reviewing 2010 homes sales in White Oaks

2010 is behind us, how was the real estate market in London's White Oaks neighbourhood?

Let's start with detached homes. Detached homes 25 years sold at an average price of $190,096 an increase of 5.8% over 2009. Detached homes younger than 25 years old sold at an average of $224,753, up 3.3% compared to 2009.

Semi-detached homes. Semi's over 25 years old averaged $150148 compared to $146,979 in 2009. The newer semi's averaged $164,367 an increase of 5.8% over 2009′s results.

Sales volumes of single family homes were 127 units in 2010 down marginally from 130 in 2009.

Townhouse Condos. 57 townhouse condos sold at an average of $122,840 in 2010 compared to 54 in 2009 averaging $117,831.

For a detailed analysis visit White Oaks Reports

MLS sales bounce back in November

For the first time in months, home sales showed an increase in November.

While the number of sales increased, average prices flucuated up and down depending on the style of home. If you are thinking of selling, always get a professional market evaluation comparing apples to apples and oranges to oranges.

A graphical analysis of house and condo sales can be found here

The White Oaks real estate market had mixed results in October.

There were six firm sales of detached homes older than 25 years reported ranging in price from $186,000 to $234,000 for an average of $200,750.

This is the highest monthly average I have ever posted. Last October: seven sales ranging from $155,500 to $197,400 for an average of $178,817.

As a seller, the strong prices are good news, but there is good news for buyers as well. During October 2009, the average time on market was 17 days, in October 2010 it was 48 days giving buyers ample time to view homes and make a decision.

Five of the newer detached homes sold ranging in price from $164,500 to $237,00 for an average of $202,400 after an average of 53 days on the market. Last year there was one sale for $195,000 after 3 days on the market. A full report can be found here

There were no firm sales of semi detached homes reported in October.

The average sale price of townhouse condos was $112,000. Four sales ranged in price from $99,000 to $137,000 spending an average of 33 days on the market. Last October, seven units sold in an average of 38 days ranging in price from $95,000 to $143,000 for an average price of $117,571

If you are thinking of selling, don't think of your home as average and ask for a Market Evaluation

Home sales fall again but prices still steady

The London St.Thomas Association Of Realtors reported that August home sales across their jurisdiction were down 16.1% when compared to August 2009.

White Oaks Neighbourhood Report

Sales of detached homes in the White Oaks are fared similarily by falling approximately 18% while townhouse condos were off by 50% and semi-detached home sales have all but screeched to a halt the last two months.MLS statistics are usually based on averages and your home may not be average. If you are thinking of selling, I would be happy to provide a Free Market Evaluation at your convenience.

For a graphical analysis of house sales and condo sales.