London Homes:
London’s homes are a reflection of its rich history and dynamic present. Whether it’s the intricate details of a Victorian home, the sleekness of a modern apartment, or the communal luxury of a high-rise complex, London offers an eclectic mix of living spaces that cater to every preference. With amenities that range from fitness facilities to smart home technology, these homes redefine comfort and convenience.
September 2023 outlook:
Average home prices in London, Ontario, have decreased by 1% over the past month to $668,821 for September 2023.
Similar to many other Canadian property markets, the London-St. Thomas region had a surge in sales activity in the first half of 2023, which helped drive up home prices. However, the latest policy rate increases by the BoC and the associated rise in mortgage rates have caused a further slowdown in sales activity. Since September 2022, the median price of $621,000 has gone up 7.1%. Now equal to what it was at this time last year, London-St. Thomas’ average home price has increased. The average house price in September 2023 is $668,821, down just 0.2% from the previous year. However, during the last three years, average prices in the area have increased by 36%.
For the month of September 2023, the average selling price of a property in the City of London, Ontario, was $642,693, a 3.1% yearly decline. In London, Ontario, the median house price was $600,00, representing a 2.6% annual rise.
In September 2023, the average house price in St. Thomas was $621,991, a 12.1% rise from the previous year. In comparison to the previous September, the median price in St. Thomas increased by 21% to $650,000.
Homes:
PROPERTY DESCRIPTION:
734 VICTORIA ST ($569,900)
This home is situated in the popular Carling neighborhood and offers 3 spacious bedrooms and 2 full bathrooms, along with an in-law suite. The kitchen features stylish Quartz countertops, stainless steel appliances, a modern gas stove, a roomy pantry, a farmhouse sink, LED pot lights, and 8′ ceilings with crown moulding throughout. The renovated basement is a highlight, featuring a 1-bedroom in-law suite with its own entrance, a kitchen (or potential wet bar), a 3-piece bathroom, dimmer-controlled pot lights, a family room, and ample storage space. Noteworthy upgrades include a new roof and 100amp electrical panel (2019), as well as a furnace and AC unit (2018).
PROPERTY DESCRIPTION:
948 EAGLETRACE DRIVE ($1,898,000)
Introducing Lot 33 – 948 eagletrace drive, a brand new custom-built luxury two-story home with 4+2 bedrooms and an amazing backyard, located in the highly sought-after Sunningdale Crossings subdivision community. This exceptional residence, built by Crown Homes of London, offers 4690 square feet of beautifully designed living space with meticulous craftsmanship on a spacious executive lot. Finding building lots like this for your dream property is rare and truly special. The impressive open-concept main floor features 9-foot ceilings, elegant white oak hardwood floors, and ceramic tiles throughout. The gorgeous kitchen showcases white cabinetry, quartz countertops with slab backsplash, a spacious white oak island, and brand-new LG appliances including a 36” induction cooktop.
