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What Did Home Prices in London Ontario Look Like in August 2022

607 residential homes sold in August 2022 in the London and St. Thomas Association of Realtors (LSTAR) area. Up 93 units from July, 2022!

An Update On The Real Estate Market London Ontario

The following table shows how August’s average home sales prices in LSTAR’s main regions compared to the benchmark prices for the same areas.

AreaAugust 2022 MLS® HPI Benchmark PriceAugust 2022 Average Price
Central Elgin$609,700$731,641
London East$488,900$504,787
London North$714,600$777,251
London South$594,200$630,632
Middlesex Centre$851,000$1,335,846
St. Thomas$520,600$582,851

The following table shows the August benchmark prices for all housing types in LSTAR’s jurisdiction and how they stack up against the values from the previous year.

MLS® Home Price Index Benchmark Prices
Benchmark TypeAugust 2022Change over August 2021
LSTAR Composite$599,500↑ 0.5%
LSTAR Single-Family$637,600↑ 0.0%
LSTAR One Storey$576,100↑ 1.9%
LSTAR Two Storey$679,600↓ 0.9%
LSTAR Townhouse$511,700↑ 1.4%
LSTAR Apartment$421,600↑ 5.4%

Below are home prices across Canada

For what is for sale now in the London Area, I have prepared a few links for you below:

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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