Real Estate Blog

250 Pall Mall St #704, London OntarioContemporary Downtown High-Rise Condo corner unit with wrap-around balcony, offering southern & eastern views from the 7th floor, in the Heart of the City. Steps to Victoria Park and Richmond Row, this location can’t be beat.

 

1540 sq ft of luxury boasting granite countertops, glass shower and separate jetted tub in the ensuite bathroom with heated floors, huge walk-in closet with built-ins, hardwood floors throughout (ceramic in bathrooms), 9 foot ceilings, Large windows throughout unit, and much more. Open-Concept Living Room, Eating Area, and Kitchen with large island are ideal for entertaining.

 

This gorgeous building boasts a Party Room / Library, exercise room, and theatre room. 2 Parking spots included. Very reasonable condo fees

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Strong Homes Sales in February

652 homes sold in February, up 21.9% over February 2015. "That makes last month the best February since 2008!" says Stacey Evoy, 2016 President of the London and St. Thomas Association of REALTORS®, adding, by way of caveat, "This being a Leap Year, however, we had an extra day in which 39 sales took place, so, in order to make a meaningful comparison with February 2015, we have to factor that in." Year-to-Date home sales are up 9.6%.

1,146 homes were listed in February, down 2.7%, and Active Listings End of Period – or inventory – was down 19.1%. "According to the Canada Mortgage and Housing Corporation's forecast, sales are expected to grow more than new listings in 2016," says Evoy. "If you're

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197 Regent St, London'Cute as a Button' bungalow ideal for a Grad Student or Professor, on Regent St west of Richmond, and just a couple minutes walk from campus.

The main floor boasts a cozy Living Room with fireplace, a spacious Dining Room with Built-ins, 2 bedrooms with hardwood, an updated 4-piece bathroom, and stylish kitchen with gas stove and large picture window to the very private & deep back yard.

 

The lower level consists of a spacious Family Room with gas insert fireplace & pot lights, a large 2-piece washroom (plenty of room to add a shower), laundry, and tons of storage.

Extensive decking from the side door to well into the back yard creates a great space for entertaining friends & family, or just relaxing in private in the hot tub. The well treed

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Market Holds Steady

455 homes exchanged hands in the first month of 2016; this represented only -0.8% less for Detached and down -17.9% for Condos, for a total of -4.2% over the previous January. "You have to keep in mind that last January was the second best January Sales since 2007, so this month's stats show our market is steady" says Stacey Evoy, 2016 President of the London and St. Thomas Association of REALTORS®.

1,053 properties were listed in January, down 11.6%, and Active Listings End of Period – or inventory – was also down 16.0%. "Our market continues to be balanced," says Evoy. "However, if you're thinking of selling, it might be an idea to list ahead of the spring rush."

January was a slow month for real estate in St. Thomas, with

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Real Estate Sales Hold Steady

October 2015 homes sales came in just a hair lower than those of October 2014, the best October since 2007. A total of 695 homes exchanged hands last month, just three shy of October 2014, which saw 698 sales. 577 detached homes sold in October, up a marginal 0.9%, while condo sales dropped 6.3%. Total sales were down a very negligible 0.4%. "Clearly we've hit the mark and are holding steady," says Carl Vandergoot, President of the London and St. Thomas Association of REALTORS®. Year-to-date sales are up over 2014 by 9.8%.

Listings were down for detached homes in October – 14.2% for detached homes and 7.5% for condos. Active Listings End or Period (inventory) was also down 11.4% for detached homes and 0.2% for condos.

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61 Augusta Cr, London OntarioDon't miss this perfect starter home, close to schools, parks, White Oaks Mall, bus routes, and Hwy #401.

Great for Kids - ideally situated at the back of a crescent ensures very few cars driving by, and directly across the street from Cheswick Park. Easy walk to either White Oaks P.S. or St. Anthony French Immersion School.

 

Great home for entertaining friends & family also, from its double driveway allowing parking for several cars, to its large mature & private back yard with huge deck and gazebo.

Inside is sure to impress too, from its spacious Living Room, to the large eat-in kitchen with its extra cabinets & counter-space and still plenty of room for a stand-up freezer! Side-door and 2-piece washroom complete the main floor.

 

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Not only did 2015 see a best June ever for real estate sales in the jurisdiction of the London and St Thomas Association of REALTORS®, now it’s seen the best September ever! A total of 840 homes sold in September 2015, up 23.2% overall from September 2014. "Year-to-Date we’ve clocked 7,513 transactions," says Carl Vandergoot, LSTAR President. "That's an increase of 10.8%."

Listings were down 2.7% for detached homes, but up 9.4% for condos last month. Active listings end of period – inventory – were down 9.5% for detached homes and up 4.6% for condos. "This September 150 condos were sold. Given that the five year average for September condo sales is 137, last month's figures are pretty much in line with what we expected," says Vandergoot. "It's the

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August 2015 was yet another month in which home sales in the jurisdiction of the London and St. Thomas Association of REALTORS® were the best they've been since 2007's Global Financial Meltdown. A total of 864 homes sold in August 2015, up 9.2% overall from August 2014. "2015 is shaping up to be a really good year," says Carl Vandergoot. "So far we're up a solid 9.4% from 2014."

Listings were up a very marginal 0.2% for detached homes and down 6.3% for condos last month. Active listings end of period - inventory - were also down, 3.3%. "Over the last few months we've started to see some tightening up of supply," says Vandergoot. "It's too early to suggest that we're going into a Sellers market, but, with supply shrinking, it's definitely a good time to

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156 Tavistock Rd, London OntarioDon't miss this well maintained family home in a desirable mature neighbourhood, on a large lot backing onto a park and around the corner from elementary schools.

The main floor boasts a spacious Living Room, a Dining Room with sliding door to the back yard, and a well designed kitchen with plenty of cupboards. Upstairs, your new home consists of 3 bedrooms with large closets, and an updated 4-piece bathroom.

 

The lower level contains the 4th bedroom, a 2-piece washroom, garage access, and a door leading to the back patio.

The basement level has a newly finished Family Room, a 3-piece washroom, a Cold Room, and tons of storage space. Your family will love the large back yard backing onto greenspace, with sundeck & patio, perfect for

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A total of 934 homes sold in July, down 4.7% overall from July 2014. "To put these numbers in perspective, July 2014 was the best July since 2007 with 980 sales. That's only 46 more sales than took place last month," says Carl Vandergoot, President of the London and St. Thomas Association of REALTORS®. "Compare this month's sales to those of July 2013 (788), July 2012 (746) and July 2011 (742) and it's clear that July 2015 finished strong." Year-to-Date, sales are up 9.5% over last year.

Listings were down 2.7%, while inventory – active listings end of period – were also down, 3.9%. "These percentages aren't dramatic," says Vandergoot, "but they do point to a tightening supply, making now a smart time to list."

The market in London's Sister City of

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