The real estate market in the London and St. Thomas area showed mixed results in August. Sales activity declined, with 577 homes sold, marking a 6.0% drop from the same month last year. The average sale price also decreased by 4% to $629,500. However, active listings saw a 19% increase compared to August 2023.
Beginning Wednesday, September 4th, the Community Field will become a mandatory requirement for all LSTAR listings within the Elgin and Middlesex region. This will refine search results and enhance CMA accuracy.
LSTAR Members are invited to a complimentary After Work Social, co-hosted by the Ontario Real Estate Association (OREA) and LSTAR, at State & Main on Monday, September 9, from 5:00 to 7:00 pm.
The City of London, in partnership with LSTAR, is hosting a FREE tree giveaway on Friday, October 4th starting at 10 am. Please note this tree giveaway is not a public event. It is only open to LSTAR members and the clients of LSTAR REALTORS® who live within the City of London. Each household can take up to two free trees.
Nominations are now open for the 2025 Board of Directors. If you’re passionate about setting the strategy for the future of the Association, this is your opportunity to be part of a 10-member Board that represents the interests of LSTAR’s 2,300 REALTORS®.
As part of the REALTORS Care® Program, LSTAR is proud to have raised much-needed funds to support two deserving charities in our community! A huge thank you to everyone who participated in the LSTAR Slo-Pitch tournament—your support helped us raise approximately $13,000, which will be split between Ark Aid Mission and Hospice of Elgin.
LSTAR is proud to announce the recipients of the prestigious 2024 LSTAR Student Scholarship Awards. LSTAR grants $10,000 annually to four exceptional students, with each recipient receiving a $2,500 scholarship.
In July 2024, the real estate market in LSTAR's region demonstrated significant activity, with 604 homes sold, as recorded through LSTAR's MLS® system. The average home price was $654,593, indicating the market’s pricing trends. Additionally, there were 1,531 new listings, suggesting a robust supply of homes entering the market. Overall, the data points to a dynamic and balanced market, characterized by a healthy volume of transactions and a steady influx of new listings.
LSTAR's 2024 Charity Golf Tour is happening on Thursday, September 19th at the prestigious HIGHLAND GOLF & COUNTRY CLUB in London, and we're looking for volunteers to help us with the various aspects of the event. To find out more about the available volunteering roles, please send an email to Claire [at] LSTAR.ca (Claire[at]LSTAR[dot]ca).
With our recent switch to the PropTx MLS® System, you'll need to follow a few steps to regain access to the Prospects Mobile App.
We would like to acknowledge the Indigenous Peoples in whose traditional territory we work and live: the Anishinabek; the Haudenosaunee; and the Lunaapeew. The three distinct First Nations communities within the Middlesex-London area are: Chippewas of the Thames First Nation; Oneida Nation of the Thames; and Munsee-Delaware Nation. We acknowledge the many longstanding treaty relationships between Indigenous Nations and Canada – including the London Township Purchase of 1796 between the Anishinabek and the Crown. This territory is now home to many First Nations, Metis, and Inuit peoples.
Each of us must honour these relationships, and we all have a responsibility to reconcile.
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