London Ontario Real Estate Update August 2015

London Ontario Real Estate Update August 2015
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.
The best-selling house style in LSTAR’s jurisdiction for August 2015 was the two-storey, then the bungalow, followed by ranches, then townhouse condominiums, then high rise apartment condos. As of August 31, the average price for a detached home Year-to-Date stood at 2,560, up 4.4%, while the average price for a condo over the same period stood at 1,624, up 4.8%. Year-to-Date the average price of all homes sold through LSTAR’s MLS® stood at 4,980, up 4.3%.

Steve Wiggett sales representative
Royal LePage Triland Brokerage
direct call/text: 519-852-5257

London Ontario Real Estate Update August 2015

Canadian Home Trader