Real Estate Corner...
London and St. Thomas Realtors Association
Single Family (increase year to year) LSTAR February 1, 2011
|
Area |
Condo |
Bungalow |
2-storey |
Ranch |
Townhouse |
Detached |
|
North increase |
226,037 9.9% |
223,164 0.3% |
333,052 0.1% |
294,193 -9.6% |
218,376 14.7% |
291-763 -3.1% |
|
South increase |
$153,641 2.0% |
204,036 1.6% |
292,336 -9.3% |
254,167 -11.2% |
143,454 4.4% |
243,517 -8.0% |
|
East % increase |
$160,482 7.0% |
147,008 -4.2% |
322,533 27.3% |
180,000 -8.1% |
$134,271 10.6% |
205,294 7.0% |
What is happening in our neighborhood? The Real Estate Market, like the rest of the parts of the economy, is clawing its way out of the economic swamp. There are slippery banks around this pond! Many of us are optimistic that this is the year we walk on grass again.
In the first month of 2011, 428 homes exchanged hands, down 9.3% from the previous year. The ten year average stands at 458. This month's sales included 347 detached homes (down 8% from the previous year) and 81 condo units (down 14,7% from the previous year). Only 44 homes exchanged hands in St. Thomas-up 18.9% from last year.
London continues to be a very affordable place to live: Average home price comparisons to other Canadian cities:
•· London and St. Thomas $223,667
•· Vancouver $705,522
•· Victoria $500,073
•· Toronto $442,863
•· Calgary $394,949
•· Edmonton $321,361
•· Ottawa $324,771
•· Hamilton $341,983
•· Kitchener-Waterloo $320,957
•· St. Catharines $240,942
Comments(0)