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    London Ontario Homes For Sale Overview London Neighbourhoods, Whats For Sale Now & Past Sold History

     

     

    All The Houses & Condos For Sale in London Ontario on MLS, Updated Hourly

    Where are the London Ontario Homes For Sale? What neighbourhoods? What are the prices? Are they trending up or down? What about apartment condos, townhouses or one-floor townhomes? We keep Londoners informed; take your time, search the menus, search listings; they are refreshed hourly!

     

    2020 Real Estate Market London Ontario & Area Up

    2020 proved to be the second-best year for home sales in the London and St. Thomas Association of REALTORS® (LSTAR) history with 9,976 homes changing hands last year, with 596 sales alone in December, a record!

    London Ontario Home Prices 2020

    The increased demand, coupled with an already low inventory, pushed the home prices up in all five main regions of LSTAR. The following table shows last month’s benchmark prices by area and how they compare to the values recorded at the end of December 2019.

    Area December 2020 MLS® HPI Benchmark Price Change over December 2019
    Central Elgin $473,000 ↑ 27.3%
    London East $418,200 ↑ 25.2%
    London North $589,600 ↑ 20.8%
    London South $475,400 ↑ 22.2%
    Middlesex Centre $725,300 ↑ 20.1%
    St. Thomas $392,500 ↑ 30.3%
    Strathroy-Caradoc $571,800 ↑ 22.2%

    The HPI benchmark price is different than the average price of a home. This reflects the value of a ‘typical home’ assigned by buyers from certain areas based on various housing attributes. Depending on how the home features you are considering match these standards, the property’s value will be higher or lower than the benchmark price.

    In December 2020, the Aggregate Composite Benchmark price for the entire London-St. Thomas area was $483,900, while the overall LSTAR average price sat at $555,324.

    At the end of December, the average home price in London North was $673,872, up 29.3% compared to December 2019. In London South, it was $584,997, 24.6% over the previous year, while London East saw its average home price climb to $434,195, up 25.2% over a year ago.

    In St. Thomas, the average sales price was $440,557, up 10.6% over December 2019.

    Out of the 596 houses sold last month by LSTAR REALTORS®, 440 were single-family homes, 76 were townhouses and 52 were apartments. The table below shows the December benchmark prices for all house types and how they stack up against the values from a year ago.

    MLS® Home Price Index Benchmark Prices
    Benchmark Type December 2020 Change over December 2019
    LSTAR Composite $483,900 ↑ 23.5%
    LSTAR Single-Family $530,200 ↑ 26.6%
    LSTAR One Storey $465,100 ↑ 21.2%
    LSTAR Two Storey $596,600 ↑ 29.7%
    LSTAR Townhouse $353,100 ↑ 11.5%
    LSTAR Apartment $284,800 ↑ 15.9%

    Despite these notable price increases, our area’s homes continue to remain relatively affordable compared to houses from some other major Ontario and Canadian centres. The following chart is based on data taken from the CREA National Price Map for November 2020.

    Benchmark home prices in Canada at the end of November 2020

    According to a research report1, a total of $73,250 in ancillary expenditures is generated by the average housing transaction in Ontario over a period of three years from the date of purchase.

     

    Working & Growth in London Ontario

    conservative couple in London Ontario

           Stodgy London, Ontario? Conservative London, Ontario? Passive, moderate, a university city, industrious, medical, science, forest city, golf central, old vs. new, parks, recreation, welcome to London!

    London’s economic growth over the past few years, housing affordability, and the midway point between the GTA and Detroit have been a beacon for both the young and the retiree to live in London.

    Education, science, manufacturing, tech and social newcomers have attracted and are attracting all age groups, supporting the new restaurants, retail, professional services that depend on a currency of new ideas and the vitality of vigorous activity.

    The result is a diverse, eclectic, exciting and vibrant mix of people who make this city a beautiful, safe city to live in!

    The links below are a start for you to discover London Ontario, even if you live here, have visited once or were educated here, open up, don’t block, look at this city as a gift; it may not have everything that we perceive as we want. Still, embrace it; London is alive & flourishing.

    click the links below

     

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    All The Houses & Condos For Sale in London Ontario on MLS, Updated Hourly

    Londoners Care

      Londoners have a rich history of volunteering and community involvement. With National Volunteer Week being in April, I thought I would pat those volunteers on the back!

    Most donors and volunteers are active because of their hearts, not the visibility in public or self-promotion.

    Londoners Help

    A recent survey carried out by Stats Canada found that London’s volunteer rate is at 60%, which is well above the Canadian average of 46%. In Ontario, it is the highest of any other city or community!

    On average, London volunteers contribute 153 hours to volunteering with a nonprofit or voluntary agency each year, and the economic value is an incredible 672 million dollars.

    .Volunteers in London Ontario

         London, Ontario, sustains over 1200 nonprofit groups and charities. So, what are you doing this week?

    Help someone, call someone, smile at someone, help an old lady across the street, help a young lady across the street, feed the birds, pick up some litter, pat a dog, instead of giving the finger to someone, give a wave and a smile, that will upset them!