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.
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
on this beautiful home in North west London or you may have a custom built fence and deck built on this 100+' back yard.
MLS # 453668 and priced at $329,900. Shop and compare!
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.