london ontario real estate: November 2011 London Home Sales Report - 12/07/11 02:37 AM
Condo Sales were soft in November Only 80 condos were sold in November, down 30% from last November. Sales of detached homes were down slightly by 1.8%
Below is a snapshot of November sales throughout LSTAR’s jurisdiction

 For a graphical market report of London home sales
The London and St. Thomas Association of REALTORS® (LSTAR) is one of Canada’s fifteen largest real estate associations, representing 1,500 REALTORS® working in Middlesex and Elgin Counties, a trading area of 500,000 residents. LSTAR adheres to a Quality of Life philosophy, supporting growth that fosters economic vitality, provides housing opportunities, respects the environment and … (0 comments)

london ontario real estate: Balanced real estate market in London Ontario - 09/07/11 08:25 AM
 The August home sales statistics for London Ontario and area are in.
 The London-St.Thomas Association of Realtors (LSTAR) reported that sales activity as well as listing activity were both on the rise in August.
Signs of a balanced market.
Balanced Market: In a balanced market, the number of homes for sale satisfies the demand. Characteristics of this market include houses selling within a reasonable time period, sellers accepting reasonable offers and stabilized prices. The atmosphere is usually more relaxed.
"This means that homes may stay on the market a little longer than they have previously, but the good news is that things are … (0 comments)

london ontario real estate: Are you thinking of selling - 09/07/11 08:11 AM
Start by gathering current market information What better place to start, than getting a feel for your local market(neighbourhood).  Don't rely on  house price statistics  based on the entire city, county or country. You need to be more specific than that!
Take advantage of my Free Home Price Reports
… (0 comments)

london ontario real estate: Stable Real Estate Market in London and Area - 02/14/11 03:30 AM
London is one of the most stable real estate markets in Canada.
ReMax has completed a national study of home prices increases across Canada during the past ten years. Surveying 18 major centres across Canada they found that the London St. Thomas area had the lowest average price increase from year to year. The national average was an average annual increase of 6.82% while London's average was 4.82%.
Not great news if you are real estate speculator and there will be some pundits claiming that real estate is not a good investment, but let's look at what 4.82% per year means.
Read … (0 comments)

london ontario real estate: Looking deeper into London's average home prices - 01/07/11 01:56 AM

LSTAR, the London St.Thomas Association of Realtors, recently released sales statistics for the month of December and the year 2010.
The average price for a home in the Association's jurisdiction in 2010 rose 6.3% for detached homes to stand at $240,147, 7.9% for condos to stand at $171,098 , and 6.4% for total residential to stand at $227.056. The average sale price is calculated based on the total dollar volume of all properties sold.
However, LSTAR cautions that, while average sale price information can be useful in establishing trends over time, it should not be used as an indicator that specific properties … (0 comments)

london ontario real estate: August White Oaks Home Sales - 09/08/10 04:23 AM
Home sales fall again but prices still steady
The London St.Thomas Association Of Realtors reported that August home sales  across their jurisdiction were down 16.1% when compared to August 2009.
White Oaks Neighbourhood Report
Sales of detached homes in the White Oaks are fared similarily by falling approximately 18% while townhouse condos were off by 50% and semi-detached home sales have all but screeched to a halt the last two months.MLS statistics are usually based on averages and your home may not be average. If you are thinking of selling, I would be happy to provide a Free Market Evaluation at … (0 comments)

london ontario real estate: London Ontario real estate in 1949. - 08/10/10 07:46 AM
Was London housing affordable in 1949?
Browsing a London Free Press newspaper issued on June 11,1949 I came across the real estate section of the classified ads. There were no colour photos back then and very few pictures of smiling realtors, just efficiently written ads, cramming as much info as possible in a small space.

 
$9,000 would buy home in South London, now a desireable area known as Old South. Wow! And it comes with a furnace!
 Hydro and oil furnaces were features in some homes. Others were still heated with coal!
So, were homes more affordable in 1949 than today? … (0 comments)

london ontario real estate: London and area MLS sales take a dive in July - 08/10/10 07:31 AM
LSTAR reports sales down by 21% in July.

 The month of July was hot. Home sales were not! For the second consecutive month the volume of home sales was down when compared to the previous year.
The good news is that while sales were down prices were pretty steady and the overall average price was actually up slightly.
The London-St. Thomas area is still in a balanced market.
Balanced Market: In a balanced market, the number of homes for sale satisfies the demand.Characteristics of this market include houses selling within a reasonable time period, sellers accepting reasonable offers and stabilized prices.The atmosphere … (0 comments)

london ontario real estate: July MLS reports for White Oaks London - 08/04/10 05:56 AM
July 2010 was hot,hot, hot but home sales in the White Oaks area of London were a little cool. Was this a typical July? Let's look at detached home sales this July compared to previous years
The green line indicating sales volumes took a nose dive but prices held their own.
For the full report and monthly updates visit. www.WhiteOaksReports.com
… (0 comments)

london ontario real estate: June 2010 MLS statistics for London & area - 07/13/10 08:40 AM
June 2010 sees MLS sales volume decreasing as price increases slightly.
The London and area real estate market, while slowing is still healthy. June 2010 had lowers sales volume than a year ago but prices were up. Despite June's dip in sales, year to date sales figures are still well ahead of this time last year.
Our market is considered to be "balanced".
Balanced Market: In a balanced market, the number of homes for sale satisfies the demand.Characteristics of this market include houses selling within a reasonable time period, sellers accepting reasonable offers and stabilized prices.The atmosphere is usually more relaxed.
See how … (0 comments)

london ontario real estate: May 2010 MLS Statistics for London and area - 06/05/10 03:54 AM
MLS Statistics May 2010

MLS sales up from a year ago
The London- St. Thomas Association of Realtors reports that May 2010 was the 8th consecutive month to perform better than that same month a year ago.
Sales were up 2.3% for detached homes and 10.8% for condos. All in all, 898 homes exchanged hands, a modest improvement over last May's 864 sales. 
  
 
 
 
 May 2010 home prices compared to May 2009                       

 
Average home prices from 2001 to 2010
Disclosure Statement: Although the Information displayed is believed to be accurate, no warranties or representations are … (0 comments)

london ontario real estate: London's April MLS statistics - 05/10/10 09:17 AM
Best April Ever!

 The London-St.Thomas Association of Realtors (LSTAR)has reported that April 2010 had the highest volume of sales of any April to date. 835 detached homes and 182 condos were sold last month in their jurisdiction. This is the 4th consecutive month in 2010 that has outperformed the same month in 2009.  It appears that the market is recovering well from the doldrums of early last year.
Average prices were up as well by approximately 13% but there is a caveat. The number of homes sold  above $300,000 showed a marked increase over last year driving the average price … (0 comments)

london ontario real estate: London Ontario MLS statistics - 04/07/10 09:11 AM
What a difference a year makes!
Do you remember all the doom and gloom of late 2008 and early 2009? Let’s compare snippets of LSTAR’s March 2009 and March 2010 press releases.
March 2009   “ Last month, 669 homes exchanged hands in the jurisdiction of the London and St.Thomas Association of REALTORS® (LSTAR), including 551 detached homes (down 7.2% from March 2008) and 118 condos (down 21.9% from March 2008). Year to date,1,174 detached homes and 276 condos have been sold – down 22.6% and 27%respectively compared to the same period in 2008.”
March 2010    “Our local housing market continued … (0 comments)