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    All London Ontario Homes For Sale MLS Londoners Get Their Real Estate Advantage Here

     

     

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

    July 2020 Home Sales in London Ontario & Area Set a Record!

    The London St Thomas Association of Realtors (LSTAR ) reports that home sales set a new record in July, with 1,275 homes exchanging hands.

    But wait

    In London alone, there were  856 residential real estate transactions, a number that is way above the values typically recorded during the summer!

    Overall, there were 1,408 new listings for sale in July, on par with the 10-year average, but the inventory decreased to 1.1 months – its lowest value in the last decade.

    The sales-to-new listings ratio for our entire area is 90.6%, a figure that clearly indicates a Sellers’ Market, even more so in London, where this ratio reached 92% last month in July.

    These leaps in statistical values might sound unbelievable, especially now, in the middle of the COVID-19 pandemic. But they can be explained, if one takes into account the strength of the local real estate market at the beginning of 2020 and the pent-up demand created during the lockdown months.

    The overall average home price increased to $484,884 in July, an increase of 19.6% over 2019. This average sales price includes all housing types – from single-detached homes to high-rise apartment condominiums. All five major areas across LSTAR’s region witnessed gains in their average home sales price. The following table illustrates last month’s average home prices by area and how they compare to the values recorded at the end of July 2019.

    Area July 2020 Average Sale Price Change over July 2019
    Elgin County $425,412 ↑ 26.8%
    London $487,120 ↑17.5%
    Middlesex County $624,169 ↑ 30.3 %
    St. Thomas $394,093 ↑ 20.1%
    Strathroy $442,368 ↑ 16.8%
    LSTAR $484,884 ↑ 19.6%

    Looking at London’s three main geographic areas, London South saw the highest number of home sales last month (336) and the biggest price gain compared to July 2019.

    happy home buyers in London Ontario
    happy home sellers in London Ontario

    The average home price in London East was $380,365, up 15.1% from the same time last year, while in London North increased also by 15.1% over the same period to $562,529. In London South – which also includes data from the west part of the City – the average home price was $499,448, up 16.1% over July 2019.

    St. Thomas saw an average home price of $394,093, an increase of 20.1% from last July. It’s worth noting that, in St. Thomas, the sales-to-new listings ratio hit an unprecedented value in July – 101.2%, while the inventory saw even lower levels than in London, sitting currently at half a month!

    • In London, the median number of days that a home was on the market was 10 – down from 14 days in July 2019.
    • In Elgin County, the median number of days a home was on the market was 21 – up from 20;
    • In St. Thomas was 9 – down from 12;
    • In Strathroy was 10 – down from 11;
    • In Middlesex County, it was 13.5 – ten days less than in July 2019.

    The following chart is based on data taken from the CREA National Price Map for June 2020. It provides a snapshot of how home prices in London and St. Thomas compare to some other major Ontario and Canadian centres.

    Average home prices in Canada at the end of July 2020

    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? Throughout this site we keep Londoners informed, take your time, search the menus, search the listings, they are updated instantly!

     

     

     

     

     

    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, the affordability of housing and the midway point between the GTA and Detroit has 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, which in turn supports 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 what is in their hearts, not the visibility in the press 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!