MLS Home Price Detail Report for July 2013

MLS-Home-Price-Report-July-2013MLS Home Price Detail Report
London and St. Thomas Real Estate Board
by Area of London Ontario for March 2013 YTD

2012 Average 2013 Year
Sale Price* To Date %

North

Total Detached North 318,346 322,211 1.2%
Total Condo North 209,957 217,455 3.6%
Bungalow North 252,050 322,211 27.8%
Two Storey North 344,319 346,198 0.5%
Ranch North 367,893 361,504 -1.7%
Townhouse Condo North 192,739 217,455 12.8%

South

Total Detached South 269,941 281,890 4.4%
Total Condo South 153,782 157,589 2.5%
Bungalow South 201,111 281,890 40.2%
Two Storey South 334,382 349,301 4.5%
Ranch South 288,109 303,509 5.3%
Townhouse Condo South 141,778 157,589 11.2%

East

Total Detached East 204,486 200,820 -1.8%
Total Condo East 147,403 154,926 5.1%
Bungalow East 165,345 200,820 21.5%
Two Storey East 272,202 265,398 -2.5%
Ranch East 202,905 199,091 -1.9%
Townhouse Condo East 122,821 154,926 26.1%

* up-to-date figures based on January 1, 2012 to December 31, 2012

Source: London St. Thomas Association of Realtors (LSTAR)

For more information on London Ontario Real Estate Agents be sure to check out my website.

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MLS Real Estate Housing Market Report

MLS-Housing-Market-Report-July-2013London and St. Thomas Association of Realtors
MLS Real Estate Housing Market Report
for July 2013

Market Activity 630 detached homes and 158 condos exchanged hands in July 2013, for a total of 788 transactions.
Type of Market Balanced
Listings Active detached home listings end of period were down 0.2%. Active condo listings end of period were up 6.1%
Average Price for July 2013(July 2013 compared with last month) Total Residential (Detached & Condo) $249,143 up 0.1% ($248,963)
All detached homes in LSTAR’s jurisdiction $265,623 up 1.1% ($262,838)
All condos in LSTAR’S jurisdiction $183,429 down 2.3% ($184,604)
All two-storeys in LSTAR’s jurisdiction $316,508 down 1.4% ($320,924)
All bungalows in LSTAR’s jurisdiction $210,353 up 8.8% ($193,416)
All ranches in LSTAR’S jurisdiction $302,249 down 0.4% ($303,596)
All townhouse condos in LSTAR’s jurisdiction $163,470 up 0.7% ($162,403)
Most Popular in July Two-storeys, then bungalows, then townhouse condos, and then ranch.
Affordability The average price for a home in LSTAR’s jurisdiction Year to Date stands at $247,274, an increase of 3.5%. The average price for a detached home over that same period stands at $262,627, up 3.2%, while the average price for a condo stands at $178,848, up 4.3 % from January of this year. The following table, based on data taken from CREA’s National MLS® Report for June 2013 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centers.

  • London and St. Thomas $247,274
  • Canada $372,341
  • Vancouver $756,134
  • Victoria $493,627
  • Toronto $525,987
  • Calgary $446,971
  • Hamilton-Burlington $399,164
  • Ottawa $352,667
  • Kitchener-Waterloo $336,085
  • Edmonton $359,784
  • Saskatoon $347,692
  • Regina $293,163
  • Halifax-Dartmouth $258,603
Market Factors “Condos have been moving a little slowly over the last several months, so it was good to see them rebound so nicely in July. As for detached homes, the market for those continued strong and steady last month — almost as if this year’s Spring market extended into the summer months. New listings were up 6.9% and listings end of period – or inventory – was up 0.9%, indicating that, now and for the foreseeable future, we can expect our market to continue to be a balanced one – good for buyers and sellers alike.” says Doug Pedlar, President of London and St. Thomas Association of REALTORS® (LSTAR).

Source: London and St. Thomas Real Estate Board (LSTAR)

Please follow this link Real Estate Agent London Ontario for homes and condos for sale in the London market.

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July 2013 REALTOR Association MLS Market Results

London-Ontario-July-MLS-2013

The London St Thomas Association of REALTORS released it’s July 2013 market report with the headline of “July sale strong and steady”. This is hopefully a sign of good news after the weak monthly results so far in 2013.

The specific London Ontario results are as follows:
Total Sales: 788 (2013) vs 746 (2012) +42 Sales or +5.6%
Condo Sales: 158 (2013) vs 126 (2012) +32 Condos or +25.4%
Detached Homes: 630 (2013) vs 620 (2012) +10 Homes or +1.6%

July is only the 2nd month this year that has exceed the prior year and it was the best July for home sales since 2009 when 904 where sold.

Year to date this brings our total London sales results to:

Total Sales: 5014 (2013) vs 5225 (2012) -211 Sales or -4.0%
Condo Sales: 917 (2013) vs 973 (2012) -56 Condominiums or -5.8%
Detached Homes: 4097 (2013) vs 4252 (2012) -155 Homes or -3.6%

On the pricing front London home prices remain strong.

The REALTORS® association reports that the average price for home sales in their area is $247,274 up 3.5% in 2013.
For detached homes the average price is $262,627 up 3.2% while condominiums are up 4.3% to $178,848.

If you are interested in the specific details be sure to check out my other posts on the London market.

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801 Colborne Street for Sale – Open House Today!

Colborne Street for Sale

Open House June 23rd

My latest MLS listing is this family home in Old North located at 801 Colborne Street. (MLS #523326).

Offered at $244,900 this house represents and excellent opportunity to buy into Old North and the St. Georges, St. Michaels & Central school zones.

Some of the key features are:

  • 3 Bedrooms,
  • 1.5 Bathrooms,
  • Large living room,
  • Large dining room,
  • Large main floor family room addition,
  • Gas fireplace

Open house today (June 23, 2013) between 2 & 4pm, all Offers will be considered at 6pm.

Move in and add your TLC.

Act Now!

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163 Exmouth Drive for Sale

Home for Sale in South East London Ontario

If you are looking for a home in South East London with lots of open space then 163 Exmouth drive could be exactly what you are looking for.

With 5 bedrooms (3+2) and 2 bathrooms this back split house offers a lot of livable space and can be your for an asking price of $239,900.

Features & upgrades are as follows:

  • Large living room with hard wood.
  • Eat-in kitchen
  • Gas fire place
  • Freshly painted

This back split also comes with a 1.5 car garage and upgraded insulation which will save you money on energy costs.

I have added some addition interior pictures below:

Large SpaceKitchen

 

Large RoomHardwood

163 Exmouth Drive is listed on the London MLS board (#517756) by myself via my brokerage Realty Executives Elite Limited brokerage (519) 649-6900. If you would like further information or to see visit it in person, either contact myself or the REALTOR® you are working with.

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April 2013 Real Estate Market Comments

London-Ontario-April-2013-MLS

“Spring Market Steadies” announced the London St Thomas Real Estate Association to describe the April 2013 London real estate market results.

Aprils home market results make it appear that the weakness experienced in March was just an off month. April’s housing market returns to what we have been seeing so far in 2013, home sales running below the strong 2012 results but above the 2011 market level.

Details are as follows:

April Month

Detached Homes: 720 (2013) vs 716 (2012) up 4 houses or +0.6%
Condos: 144 (2013) vs 164 (2012) down 20 condos or -12.2%
Combined: 864 (2013) vs 880 (2012) down 16 units or -1.8%

April YTD

Detached Homes: 2019 (2013) vs 2208 (2012) down 189 houses or -8.6%
Condos: 466 (2013) vs 520 (2012) down 54 condos or – 10.4%
Combined: 2485 (2013) vs 2728 (2012) down 243 units or -8.9%

Given the weak closing months of 2012 I’m expecting that the 2013 result will start to show growth in the London housing market later on in the year and we should probably still end with with 2013 sales being flat or above the prior year.

The REALTORS® association as reported that housing prices where up April Year to date +2.4%

If you are looking to make a move in London please let me know I’d be happy to help you. In addition you may find my website www.kathymm.com to be of value to you.

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