What was the real estate market for houses and condos like in Kilworth, a neighbourhood west of London in 2009 and what to expect for 2010? Houses in Kilworth
From January 01, 200 9 to December 31, 2009, 35 houses in Kilworth exchanged hands and it took an average of 52 days for homes to sell. The majority were 2 storey houses.
The average asking price was $347,909 and those that sold, did so for 97% of asking which $338,437 was.
Averages are a good starting point to understand the swings in price; however, for example, 3 of the above sales were over $600,000 and more in the 5's. For an in depth report, give Ty a call. What Does This All Mean? For Sellers:
The Kilworth is quite stable with a lot of new construction still occurring and growing as a small safe neighbourhood just a short drive from London.
Economists are predicting real estate in the London region may increase 8-9% in 2010 and interest rates to increase as high as 6%. Kilworth 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 will ensure your real estate experience is a successful one.
What Does This All Mean? For Buyers:
Quality houses and condos in Kilworth will be more in demand as more people learn about the amenities and lifestyle. As this is a relatively newer neighbourhood, fewer resale homes will come on the market. Being prepared to act quickly in Kilworth 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