Property prices for sale in London (Ontario)

The prices in real estate in London, in the Ontario region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$683,546
Average price last 6 months
$6,496.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in London has increased strongly during the last 6 months. In September, the average price per sq.feet was $442. In the following month the price per sq.feet increased considerably to $9,132. The price for the following two months in (November, December) had a considerable increment of 298 %. The price per sq.feet has had a considerable deflation of 5 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $9,516.25 to $457 during January, and February.

Average price

Based upon to the price in London (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $572,293. During October the price went through a considerable rise reaching $671,366. During the following two months (November, December) the price has had an average incrementation from $621,829.5 to $663,140.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $763,693 they are 50 % more affordable than the average price for London. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $677,469.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $275 / sq.feet, with an average $461 / sq.feet price in London. The properties with the highest average prices have 3 bedrooms. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $470 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $763,693 it is 34 % cheaper than the average price in London. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $910,119 it is 36 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $381 / sq.feet followed by "House" priced at $493 / sq.feet. "Land" is the most costly type of property with a $91,690 / sq.feet cost followed by "Duplex" with an average price of $51,309 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in London
Number of properties used in region Ontario
$763,693
$461
8,018
470,264
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value