London Real Estate Market Summary

Since the summer of 2016 the real estate market in London has been accelerating. This real estate market summary will give you a broad overview of the market this year.

Homes are still selling with multiple offers, new home lots are hard to come by, however we are seeing some areas cool ever so slightly. Over the last few weeks we have seen more listings than sales on some days. London’s most desirable neighbourhoods still remain extremely competitive.

BY AREA OF THE CITY: OVER ASKING STATS SINCE APRIL 1ST
North London
Average over asking $50,210
Percent of Sales at or above 85%

South London
Average over asking $36,742
Percent of Sales at or above 79%

East London
Average over asking $25,798
Percent of Sales at or above 79%

All residential sales between February 1st to March 31st, 2017
Total Number of Sales 1308

Asking or over asking 828
Over asking 693
Average over asking $21,006
Percent multiples 63%
Average list price $328,500
Percent over asking 6%

Sales up to $250,000

Number of Sales 507
Asking or over asking 268
Over asking 100
Average over asking $10,741
Percent multiples 53%
Average list price $186,100
Percent over asking 6%

Sales between $250K-$500K

Number of Sales 673
Asking or over asking 468
Over asking 412
Average over asking $22,312
Percent multiples 70%
Average list price $353,500
Percent over asking 6%

Sales over $500K

Number of Sales 195
Asking or over asking 124
Over asking 86
Average over asking $37,225

Thinking of selling your home? Use our ‘Find Your Home Value‘ Section