With headlines from the Local Real Estate Board reading “best market in 7 years”, “highest home sales in 6 years”, “June sales best in 7 years”, “Best July in 7 Years”, “Summer finishes strong” and “For the 5th month in a row area homes have exceeded those of the previous year.” There is no denying that Real Estate in the London St. Thomas area has been stronger than it has been in years. Click the table to the left to enlarge this brief summary of average list price (single family home), average sale price (detached home) and the number of listed versus sold homes in the London area over the past 6 months.
Also, during the last 5 months homes sales have exceeded the 2013 numbers by up to 24.4%
- in May by 5%
- June by 23.4%
- July by 24.4%
- August by 13.6% and
- September by 11.1%.
We are looking forward to seeing what direction the Real Estate Market will take over the next few months and into 2015. If you are wondering what your home is worth or would like information about the Real Estate Market in your neighbourhood or area contact us at info@leadinglondon.ca
