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 Homes For Sale London Neighbourhoods, Whats For Sale Now & Past Sold History
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!
Home Sales up 56% in London Ontario in March 2021
The London and St. Thomas Association of Realtors (LSTAR) announced 1,296 homes exchanged hands in March, an increase of more than 56% compared to the same time a year ago. The total sales are the highest recorded for the month of March since the Association began tracking data in 1978.
Low supply and high demand continue to affect the average sales price across the major areas of LSTAR’s jurisdiction.
The following table shows last month’s MLS® Home Price Index (HPI) benchmark prices by area and how they compare to the average sales prices. The HPI benchmark price reflects the value of a “typical home” as assigned by buyers in a certain area based on various housing attributes, while the average sales price is calculated by adding all the sale prices for homes sold and dividing that total by the number of homes sold. The HPI benchmark price is helpful to gauge trends over time since averages may fluctuate by changes in the mix of sales activity from one month to the next.
| Area | March 2021 MLS® HPI Benchmark Price | March 2021 Average Price |
|---|---|---|
| Elgin | $563,900 | $667,091 |
| London East | $490,600 | $504,399 |
| London North | $681,900 | $732,163 |
| London South | $555,400 | $640,213 |
| Middlesex | $834,600 | $720,331 |
| St. Thomas | $469,500 | $563,047 |
| Strathroy | $671,600 | $633,564 |
| LSTAR | $566,000 | $634,799 |
Single-family homes were the most popular housing type sold in March, with 941 sales. The table below shows the March benchmark prices for all housing types and how they stack up against the values from a year ago.
| MLS® Home Price Index Benchmark Prices | ||
|---|---|---|
| Benchmark Type | March 2021 | Change over March 2020 |
| LSTAR Composite | $566,000 | ↑ 36.2% |
| LSTAR Single-Family | $625,300 | ↑ 41.3% |
| LSTAR One Storey | $555,100 | ↑ 35.0% |
| LSTAR Two Storey | $698,300 | ↑ 46.2% |
| LSTAR Townhouse | $419,300 | ↑ 26.9% |
| LSTAR Apartment | $286,500 | ↑ 3.2% |
Despite increases to the HPI benchmark price and average sales price, homes in LSTAR’s jurisdiction continue to remain relatively affordable when 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 February 2021.
Sell Your Home For The Price You Are Looking For
What you will receive at no cost to you or obligation, you do not have to sign anything or listen to blah blah blah stuff, just the following:
- All the recent sales in your area.
- Compare your home to those that were sold or listed in your area.
- Provide you with an accurate range for your home to sell.
- How to sell your house or condo for as much as you can in your time frame!
- When would be the best time to list your home on MLS.
Working & Growth 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.
- London’s Workforce Development Strategy
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.
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.
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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!