News

Sales stabilized in October 2012, with 624 homes exchanging hands over the course of the month. Altogether 502 detached homes sold, 1.4 % up from the previous year, and 122 condos, up a resounding 38.6 % from October 2011. Altogether sales were up 7% from the previous year.

The real estate market cooled in September 2012, with only 596 homes exchanging hands over the course of the month. Altogether 493 detached homes sold, down 16.3% from September 2011, along with 103 condos, down 8.8%. Total sales were down 15.1%.

Sales were down somewhat in August 2012, with 723 homes exchanging hands over the course of the month – forty less than the previous August. Altogether, 584 detached homes sold - 5.8% down, and 139 condos - 2.8% down from August 2011. “Traditionally the dog days of summer can be a little slow,” says Barb Whitney, President of the London and St. Thomas Association of REALTORS®.

Sales last month edged up 0.5% over those of the previous July with a total of 746 homes exchanging hands. 620 detached homes sold in July – up 5.6% from the previous year – however, condo sales dipped 18.7% as compared to July 2011. “The reason for this is pretty obvious,” says Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR).

At the end of the second quarter of 2012, the real estate market in LSTAR's jurisdiction was strong, steady and reliable, says LSTAR President, Barb Whitney.

Industrial wind turbines are springing up all over Ontario and people living close to them are concerned about what impact they might have, both on their personal wellbeing and on the value and enjoyment of their property. So are Ontario's REALTORS®.

LSTAR is proud to announce the recipients of this year's LSTAR Scholarship. They are Megan Steer, the daughter of LSTAR Member Yvonne Steer, and Dillon Phoenix, the son of LSTAR Member Dave Phoenix.

Sales last month were down 9.6% over those of the previous June with 663 detached homes exchanging hands and 162 condos. This represents a 10.5% decrease in sales for detached homes and a 5.8 % decrease in condo sales. However, “Year-to-date sales are still ahead of last year by 3.3%,” points out Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR). “That's the stat to focus on for now.”

Despite its longtime moniker ÔÇÿThe Forest City', London's tree cover falls well below standards necessary for a healthy community and a robust infrastructure. That's why LSTAR has joined with ReForest London, the City of London and other Community Partners on an ambitious and important project – the Million Tree Challenge, a concerted effort to plant one million trees in our City over the next decade.