How Did Real Estate do in London Ontario in April?
619 detached homes and 131 condos exchanged hands in London and St.Thomas area in South West Ontario in April 2011, for a total of 750 transactions.
The average price for a home of any kind in LSTAR’s ( London St.Thomas Association of Realtors) jurisdiction was up 5.5% to stand at $242,111 from March 2011 to April 2011, while, year to date, the average price for a home is $232,329, up 3.9 % since January 2011.
The average price for a home in London’s sister city, St. Thomas year to date stands at $188,694.
This month, as in previous months and years, homes in LSTAR’s jurisdiction maintain their affordability compared to other major Ontario and Canadian centers. According to the CREA’s National MLS® Report for February 2011, the average price year-to-date for:
London and St. Thomas -- $228,931 (February 2011’s average price)
Vancouver -- $800,226
Victoria -- $504,237
Calgary -- $418,776
Edmonton -- $319,974
Ottawa -- $323,850
Kitchener-Waterloo -- $284,277
St. Catharine’s -- $230,455
The best-selling house style in LSTAR’s jurisdiction for April 2011 was the two-storey, followed by the bungalow, then the ranch, then the townhouse condominium.
If there is a particular neighbourhood or street in London you would like to know about, just ask.