London Ontario Real Estate Agent
116 Wharncliffe Road South London Ontario N6J 2K3 - 519 472 4949
London Ontario

London Ontario Real Estate

JUNE SALES BEST IN SEVEN YEARS

JULY 2, 2014

981 homes exchanged hands last month, up 23.4% from June 2013. "Everything was up," says Jim Holody, President of the London and St. Thomas Association of REALTORS®. "Detached homes were up 22.3%, condos were up 28.4% and listings were up 18.6%. An increase in listings is good news because it means our market remains a balanced one. In addition, the Year-to-Date sales total 4,337, up 2.8%. There's no question but it's a happening market out there. Our Members have been telling us that the market has been playing catch-up to adjust for the unusually cold winter; the stats for the last two months certainly bears that out." He goes on to point out that, "Low interest rates, the conclusion of the provincial election and strong consumer confidence all contributed to making last month the best June since 2007 – itself a record year."

As for St. Thomas, June proved to be the best month for that City in five years. Sales were up 54.7% (82 units sold in 2014 compared to 53 in 2013) and the average house price for that City at Month End stood at $211,784, up 3.5%.

Average sales prices were also up: $278,493 for a detached home, up 1%; and $197,026 for a condo, up 1.6%. "A healthy real estate market is one in which you see small, incremental increases in house prices over time," explains Holody. "This indicates that properties are holding their value and there's no danger of a housing bubble.”

AS PUBLISHED IN THE LSTAR e-STATS - JULY 2014

 

Find your London Ontario Home

Type of home you want

Use CTRL Key to make multiple selections

Area of London

Home Values London Ontario

"We had an enormous response to our advertised home. The results were outstanding! Not only did our house sell, but with 2 offers!" Walter and Lisa

Featured London Homes

Some of the best values that can be found in the London area.

Homes for Sale London Ontario Region
Investment Opportunity- SOLD

Homes for Sale London Ontario Region
Excellent Investment Property!

Homes for Sale London Ontario Region
Upgraded with the finest- SOLD

These homes can also be seen on the London Ontairo MLS®

 

 
Copyright © 2008 All Rights Reserved Vision Network Real Estate Ltd, Brokerage, London Ontario.

Web Design & Hosting by NTech