What was the real estate market for houses and condos like in Hazelden, a London Ontario Neighbourhood in 2009 and what to expect for 2010?
Houses in Hazelden 
From January 01, 200 9 to December 31, 2009, 11 houses in Sunningdale exchanged hands, 5 were ranches and 6 were 2 storey houses.
The average 2 storey house sold for $412,233 and the ranches average selling price was $388,700.
What Does This All Mean? For Sellers:
The Hazelden neighbourhood is quite stable with above average income earners who tend to stay in their homes longer, hence, less houses for sale. Prices have increased approximately 4.3 % and is a slight sellers market .
Economists are predicting real estate in London may increase 8-9% in 2010 and interest rates to increase as high as 6%. There will be some neighbourhoods in London that may see these price increases because of the amenities and and the inventory of homes for sale.
I cannot predict the future; but I can prepare my client's for it. 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, lanquish 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, straight talk and no nonsense, calling a professional REALTOR® like myself will ensure your real estate experience is a successful one.
What Does This All Mean? For Buyers:
Quality houses in Hazelden sell quickly and for approximately 98.4% of asking price. I can see this percentage increasing in 2010 with quite a few at full asking price. Being prepared to act quickly in Hazelden will ensure you the home that fits your criteria.
Call me today for my Exclusive Envelope Real Estate Home Buyer Kit that will help your real estate experience be successful and enlightening!
Ty Lacroix Broker of Record & Owner

'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!
Your London and S/W Ontario source for results!
519-435-1600 www.enveloperealestate.com