163 Exmouth Drive for Sale

Posted on May 26, 2013 by Kathy

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

Posted on May 25, 2013 by Kathy

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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London Ontario Home Price Report for April 2013

Posted on May 25, 2013 by Kathy

MLS-Home-Price-Report-April-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 318,346 327,062 2.7%
Total Condo North 209,957 206,785 -1.5%
Bungalow North 252,050 261,333 3.7%
Two Storey North 344,319 353,049 2.5%
Ranch North 367,893 355,342 -3.4%
Townhouse Condo North 192,739 189,315 -1.8%

South
Total Detached South 269,941 282,233 4.6%
Total Condo South 153,782 153,119 -0.4%
Bungalow South 201,111 218,856 8.8%
Two Storey South 334,382 350,216 4.7%
Ranch South 288,109 288,960 0.3%
Townhouse Condo South 141,778 147,258 3.9%

East
Total Detached East 204,486 199,228 -2.6%
Total Condo East 147,403 156,039 5.9%
Bungalow East 165,345 160,719 -2.8%
Two Storey East 272,202 268,060 -1.5%
Ranch East 202,905 196,515 -3.1%
Townhouse Condo East 122,821 116,796 -4.9%

* 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 Housing Market Report for London Ontario – April 2013

Posted on May 25, 2013 by Kathy

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

Market Activity 720 detached homes and 144 condos exchanged hands in April 2013, for a total of 864 transactions.
Type of Market Balanced
Listings Active detached home listings end of period remained the same. Active condo listings end of period were up 2.3%
Average Price for April 2013

(April 2013 compared with last month)

 Total Residential (Detached & Condo) $249,880 up 1.4% ($246,333)
All detached homes in LSTAR’s jurisdiction $262,996 down 0.5% ($264,527)
All condos in LSTAR’S jurisdiction $184,300 up 8.8% ($169,359)
All two-storeys in LSTAR’s jurisdiction $332,598 down 0.8% ($335,561)
All bungalows in LSTAR’s jurisdiction $190,694 down 9.2% ($210,127)
All ranches in LSTAR’S jurisdiction $300,569 up 6.4% ($282,405)
All townhouse condos in LSTAR’s jurisdiction $165,912 up 10.5% ($150,191)
Most Popular in April Two-storeys, then bungalows, then ranches, and then townhouse condos.
Affordability “We always like to see a modest rise in price over time,” says President Doug. “However, the really great news is how affordable our jurisdiction continues to be compared to other centres across Canada.” The following chart contains data provided by the Canadian Real Estate Association (dating from February 2013 — the latest information available).

  • London and St. Thomas $244,603
  • Canada $362,749
  • Vancouver $714,102
  • Victoria $474,430
  • Toronto $510,011
  • Calgary $461,866
  • Hamilton-Burlington $380,234
  • Ottawa $347,308
  • Kitchener-Waterloo $350,673
  • Edmonton $351,691
  • Saskatoon $326,624
  • Regina $320,915
  • Halifax-Dartmouth $251,901
Market Factors The Spring market gained more traction in April, with 720 detached homes exchanging hands last month, an increase of four units over last April, and 144 condos, down by twenty units. “Altogether April sales were down 1.8% from April of the previous year,” says Doug Pedlar, President of the London and St. Thomas Association of REALTORS®. “However, given the slow start to the year, 864 homes sold in a single month represents a definite improvement and is right in line with previous Aprils over the past decade.”

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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2013 March YTD (1st Quarter) London Housing Market Comments

Posted on May 24, 2013 by Kathy

London-Ontario-March-2013-MLS

“Spring Market Off to Slow Start” was the headline of the London St Thomas Real Estate boards press release for the March 2013 results. Coming out of the slower housing market of the final months of 2012 I expected that the opening months of 2013 would be down against the strong opening months of 2012 and they have been slightly behind. However January & February 2013 sales where about the 2011 sales levels.

However, March home sales activity changed that picture significanly. In March 2011 sales spiked up to 809 homes, but in 2013 they dropped significanly to 612 homes which is below the 2012 level of 770 sales. Thus creating a significant change in the year to date figures as well.

The exact London Ontario Real Estate figures are as follows:

March Month

Detached Homes: 495 (2013) vs 623 (2012) down -128 homes or -20.5%
Condos: 117 (2013) vs 147 (2012) down -30 condos or -20.4%
Combined: 612 (2013) vs 770 (2012) down -158 units or -20.5%

March YTD

Detached Homes: 1,302 (2013) vs 1,496 (2012) down -194 homes or -13%
Condos: 322 (2013) vs 358 (2012) down 36 condominiums or -10.1%
Combined: 1624 (2013) vs 1854 (2012) down 230 units or -12.4%

It appears that the strength of condos at the end of 2012 was just a blip as they are now down in 2013 against their weak opening months of 2012.

The good news however is that London home prices remain strong with the REALTORS® board reporting a 1.2% increase in home prices so far this year.

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London Home Price Detail Report for March 2013

Posted on May 24, 2013 by Kathy

MLS 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 318,346 320,716 0.7%
Total Condo North 209,957 200,581 -4.5%
Bungalow North 252,050 260,554 3.4%
Two Storey North 344,319 346,033 0.5%
Ranch North 367,893 351,691 -4.4%
Townhouse Condo North 192,739 186,516 -3.2%

South
Total Detached South 269,941 282,250 4.6%
Total Condo South 153,782 146,334 -4.8%
Bungalow South 201,111 203,334 1.1%
Two Storey South 334,382 355,818 6.4%
Ranch South 288,109 294,056 2.1%
Townhouse Condo South 141,778 144,232 1.7%

East
Total Detached East 204,486 199,790 -2.3%
Total Condo East 147,403 154,211 4.6%
Bungalow East 165,345 156,920 -5.1%
Two Storey East 272,202 281,900 3.6%
Ranch East 202,905 195,088 -3.9%
Townhouse Condo East 122,821 116,300 -5.3%

* 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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