Despite temperatures that continued to dip well below average for the month of March, there were signs that Spring had finally arrived for a region that had remained locked in a deep freeze over one of the coldest, snowiest and longest winters on record – real estate sold signs! In March 2014, 548 detached homes sold, up 10.7%, along with 118 condos, up 0.9%. Altogether 666 homes exchanged hands, up 8.8%.
A total of 498 homes sold in February 2014, down 13.5% from the previous year. Listings for the month were up a marginal 0.2%, while inventory – active listings end of period – were up 4.3%.
A total of 382 homes sold in January 2014, down 12.8% from the previous year. Listings for the month were also down 6.2%, although inventory—active listings end of period—were up 2.2%.
Home sales in November were up 7.6% overall, with 551 homes exchanging hands over the past month. The average number of sales for November between 2008 and 2012 was 535.
Overall sales in LSTAR's jurisdiction were up 3.2% in October, with a total of 644 homes exchanging hands in LSTAR's jurisdiction. Detached homes were up 3.6%, while condos were up 1.6%.
Sales last month were up 5.6% over those of the previous July, with 630 detached homes exchanging hands and 158 condos. This represents a 1.6% increase in sales of detached homes and an increase of 25.4% in condo sales.
LSTAR is proud to announce that the recipients of the 2013 LSTAR Scholarship are Madison Walker, the daughter of LSTAR Member Carolyn Baines, and Jess Hodgson, the son of LSTAR Member Paula Hodgson.
Sales last month were down 3.6% over those of the previous June with 654 detached homes exchanging hands and 141 condos. This represents a 1.4% decrease in sales for detached homes and a 13.0 % decrease in condo sales.
The Spring market continued to gain traction in May, with 941 homes sales, up 3.1%.
The Spring market gained more traction in April, with 720 detached homes exchanging hands last month, an increase of four units over last April, and 144 condos, down by twenty units.
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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