The First 10 Days Are Critical When Selling a London Ontario Condominium

When selling a condominium in London Ontario, the first ten days are critical and will make the difference how quickly it sells and for how much!

Condos in London Ontario being sold

The most critical time for a new listing in London Ontario is two days before it officially goes on MLS and the eight days after!

Why two days before? I have found that when we have prepared and gathered all the necessary marketing tools the following happens:

  • The documents are completed accurately and thoroughly, no mistakes or missing information & care can be taken to describe your property to prospective buyers.

  • All the pictures are taken, edited or retaken to show your home in the best way possible way.

  • All the marketing material is ready such as feature sheets, your “Buy me” binder, your www.youradress.com webpage and cards!

  • All the websites are loaded, social pages, virtual tours are ready

  • You can do the final touch-ups or any cleaning that may be required.

  • The For Sale sign is up, and any directional signs if needed are placed

Your house on MLS

Day 1 to Day 8:

This is when buyers and their Realtor are searching the Internet for buying a condo in London Ontario and certain streets for something new when excitement is the highest. You can now:

  • Be ready for all showings, have all the marketing materials and property information prepared for that one buyer who loves your place!

  • You have at least one weekend when historically property viewing is the busiest.

  • If no serious offers, the pricing may be wrong or if not enough showings, the marketing needs to improve after ten days!

Once day 11 starts, do something drastically to attract new buyers!

The way a transaction starts is indicative of how your sale will go, quickly or a long rocky road before you sell your home.

 

Listing with an active listing Realtor who has a reputation for being thorough will never do you any harm. Who uses the web to rank high in all search engines, has an above average follow up system and the finances to market your property.

Ensure that before the sign goes up and the listing gets to the MLS, everything from the lockbox, listing brochures and presentations is in place and ready to go. Make sure your listing Realtor has a system to let you view the comments and feedback about your home on an individual listing website. Do they have a checklist (we have 201 items on it) that they share with you before it even gets on MLS?

Do not allow average to get you average results!

In summary, the most crucial time for a new listing when selling a condominium in London Ontario is BEFORE it gets on MLS.

Get Your Home Sold

How do I know this? We sell a lot of condos, we know what works!

London Ontario Condominiums, Townhouses, Apartment Sales Last 30 Days

Here is a brief report on London Ontario condominiums, including apartment condos, townhouses, and townhomes over the last 30 days.

London Ontario Condo Market

Apartment Condominiums: 67 sold through our MLS system taking on median 9 days to sell and getting 103.38% of the asking price.

Townhouses Attached: 97 changed hands, selling for 101.8% of the asking price and the days it took to sell was an average 11 days.

Detached Townhomes: 10 changed hands as reported through our MLS system, 14 days on the market was the average and selling for 99.16% of the asking price.

Summary: For those thinking of selling, the numbers above speak for themselves and for buyers, have your ducks in a row before you start looking, it will save you money and tons of emotional stress!

Looking For a London Ontario Townhouse Or Apartment Condo?

Are you facing any of these situations when looking for a London Ontario Townhouse or Apartment Condo?

 

  • You’re looking to make one of the most important purchases of your life and you don’t want to get burned because of not knowing whom you can trust, or making a mistake that could cost you thousands of dollars later.
  • You do not know the values in the marketplace and you want to be assured of getting the most that you can for your money, without having any regrets after your closing?
  • You’re feeling out of control because there are so many unanswered questions. Making it hard to know where to start.
  • You see or find what you like but it is already sold or has an offer on it before you get a chance to even see it?

If any of these situations sound familiar, I have some fact-filled information will help prepare you for the purchase of a home in London Ontario.  Doesn’t it make sense that in order for you to make one of the most important decisions in your life you should be well informed?

Just 32 Minutes Of Your Time Will Save You From “YEARS Of Headaches”

I have a  quick and easy way to help you prepare for your next purchase  which I  call, “40 Buyer Tips You Should Know To Avoid Making Huge Mistakes!”

Just give me a call at 519-435-1600 to set up a convenient , no obligation meeting and when we do meet, in 32 minutes you will have 40 tips that could save you thousands of dollars and a ton of headaches!

Ty Lacroix

Cadeau Terrace London Ontario Townhouses & Town Homes Only

2,5,6,7,9,10,14,18 Cadeau Terrace is an adult orientated townhouse & townhome community in Byron, Warbler Woods neighbourhood of London Ontario. Most of these one-floor condominium townhomes have a double car garage and some backing on to green space.

Cadeau Terrace London Ontario Condo Town Homes

This enclave of eight townhouses and townhomes is an excellent location for nature lovers, golf enthusiasts and for those who travel and would like a safe upscale neighbourhood to live.

Depending on the Cadeau Terrace address, some units are detached with walkouts, some back onto green space, and there are some without a patio door to the backyard!

Cadeau Terrace Map London Ontario

A very well maintained area, easy access to shopping, services and downtown London located off of Commissioners Road West.

2 Cadeau Terrace 75 Units

These one-floor ranch/bungalow residences are 1700 square feet on the main floor, and most units have a finished basement and a small private courtyard. This complex did not skimp on green space, trees, shrubs and exterior finishes. Note: The residences at 2 Cadeau do not have a rear deck or back entrance door or a patio door.

  • In 2018, one  sold $440,000
  • in 2017, seven sold from as low as $340,000 and up to $431,000

  5 Cadeau Terrace 48 Units 

 These 1500+  square foot one-floor condominium townhouses have a double car garage, and the maintenance and care are quite evident and have a private courtyard. Note: The residences at 5 Cadeau do not have a rear deck or back entrance door or a patio door.

  • In 2018, two sold, one for $370,000, the other $420,000
  • In 2017, three sold, from $320,000 to $415,000

  6 Cadeau Terrace 13 Units

These 13 detached one-floor condominiums do not come up for sale very often. Eleven residences have two car garages and the other two, a single car garage. Five of the units have a walkout onto a ravine!

  • In 2018, no sales recorded on MLS
  • In 2017, one sold for $316,500

7 Cadeau Terrace 34 Units

 Called ‘Warbler Ridge,’ these 34 adults orientated condominiums have a combination of double and single car garages

  • In 2018, three sold from $332,000 to $380,000
  • In 2017, three sold from $307,719 to $370,000

9 Cadeau Terrace 39 Units

These condominium residences have a combination of double and single car garages, a few with a walk out.

  • In 2018, one sold $497,000
  • In 2017, four sold from $319,900 to $351,000

10 Cadeau Terrace 9 Units

 All nine detached townhomes back onto a ravine

  • In 2018, one sold $437,000
  • In 2017, no sales recorded on MLS

14 Cadeau Terrace 36 Units

  These detached condominium townhomes are one-floor residences that are highly sought after, some back onto a ravine for that extra privacy.

  • In 2018, no sales recorded on MLS
  • In 2017, one sold $355,000

18 Cadeau Terrace 43 Units

 These detached condominium townhomes are one-floor residences that are highly sought after, seven of them back onto a ravine for that extra privacy.

  • In 2018, two sold, one for $394,000 & the other, $351,000
  • In 2017, four sold, starting at $329,900 to $379,900

As you can see, the Cadeau Terrace condominium residences have increased in price as has all similar properties throughout London Ontario and area. To build a similar home in 2019, you are looking at a minimum $100,000 or more if lucky.

Scroll down this page, and you can request exact sales price and amenities and get an opinion on what your residence is worth.

 All the condos & houses currently listed for sale on MLS in Byron.                       

 All Townhouses & Townhomes For Sale in London Ontario & Area on MLS

London Ontario Condominiums 2018 And What To Expect in 2019

One of the best ways to understand the condominium market in London Ontario is to look at how many days these were on the market before being sold and what was the sale price percentage versus the asking price.

condo sales in London Ontario

Our real estate board LSTAR ( The London St.Thomas Association of REALTORS*) breaks London down into three geographical areas, North, South and East. ( I know, why not the West?) I plead silence with my opinion on why!

Sold Condominiums in London Ontario  2018
Area % of Asking Price Average Days on Market
North 102.2% 22
South 104.92% 17
East 103.49% 24

What does all this mean? The inventory of townhomes and townhouses for sale is low, and with more buyers than sellers, we see bidding wars, hence, higher sale prices. Apartment condos remain strong as well, and where townhouses and townhomes used to dominate the market, apartments are catching up, not only in the volume of sales but in price as well.

Is this a good time to sell a condominium? Yes!

For buyers, be prepared to act as there are more buyers than sellers, but do your homework and do not let emotion override prudence and common sense.

The hottest segment right now is the one floor detached or attached bungalow townhouse with a two car garage, seconded by attached townhouses.

What will 2019 bring?

2019 prediction condominium sales London Ontario

  Building permits for new construction are higher than ever for both high-rise buildings and townhouses and townhomes. Affordability is a powerful motivator for first-time buyers and downsizers over single-family homes.

  Until I can walk on water and be exact, all condominiums in London Ontario and area will experience a rise in prices because of demand.

 

Selling a Townhouse In London Ontario Quicker?

When thinking about selling a townhouse in London Ontario & area, where do you start?

Ask about selling a condo in London Ontario

When do you start?

Is there a difference if it is a townhouse or an apartment?

A freehold or a regular condo corporation?

How would you feel if you knew some surefire ways to prepare before selling a townhouse or a town home or an apartment condo in downtown London, if you knew about the timely steps to take, the questions to ask, the caveats to be aware of?

From experience of selling 100’s of condominiums in London Ontario, this will get you thinking and keep you on track before, during and after you list your condo for sale on MLS

   Here it Is!