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