What was the real estate market for houses and condos like in Byron a neighbourhood in south west London in 2009 and what to expect for 2010? 
Houses in Byron
From January 01, 2009 to December 31, 2009, 243 houses in Byron exchanged hands and it took an average of 47 days for houses to sell. The majority were 2 storey houses.
The average asking price was $304,536 and those that sold, did so for 98% of asking which was $299,207.
Condos in Byron:
In the same time period, 62 condos sold with the average asking price of $214,952 and the actual selling price average was $209,879 which is 98%.
Averages are a good starting point to understand the swings in price; but you must compare apples with apples and not oranges. Byron is graced with homes that are 30+ years old with new homes starting in price in the $350s . For an in depth report, give Ty a call.
What Does This All Mean? For Sellers: 
Byron 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%. Byron 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 Byron 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
