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The London and area residential real estate market fared well in 2012 with a total of 8,020 homes changing hands , 28 fewer units than the 8,048 homes sold in 2011. Overall new listings were down 6.2% for detached homes and up 0.9% for condos in 2012. Inventory – the number of active listings at month end – was also down, but only by ...
Sales of detached homes in London and the St. Thomas area dipped 15.9% in November 2012, with 417 homes exchanging hands. Sales of condos, however, were up 18.8%, with the result that, Year-to-Date, total sales are down only a modest 0.3%. “Altogether 512 homes sold, down 11.1% from the previous year.New listings were down 12.9% for detached ...
If you would like to know or even debate the predictions and forecasts by CMHC (Canadian Mortgage Housing Corporation) for London and area for the balance of 2012 and 2013, here is the latest 7 page report.It will cover:Bright Spots in the local economyHousing startsLondon Employment ForecastMortgage Rate ForecastsResidential Investor ForecastsThe ...
With all the news about a real
estate bubble, I felt that I should show you what the last 3 years have
been like concerning single family homes and condos in London and S/W
As you can see, London and area has
not experienced the boom or bust in prices as other Canadian ...
Regardless if you are a residential home buyer or seller, a renter or an investor, looking at the current real estate market in London Ontario and the last 10 years of activity shows that the London and South West Ontario Real Estate market is stable.
As you will see, there have been no large dips or upswings in prices or activity. ...
The Buyer Agency Agreement
Earlier this week, I wrote a blog
with advice on what to look for in buyer agency and working with an
agent or a broker of record. So what happens after you interview a few
agents and find one you think will be a good choice?
Most agents want you to sign some sort of agreement that formalizes
Home sales in London Ontario overall in September 2011 were up 19.2% over the previous year, with 589 detached homes and 113 condos exchanging hands.
As of September 30, 2011 , year-to-date sales are down only a very modest 0.8% compared to this time last year.
Listings were also up 7.7% in ...