News

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.

Sales last month were up over those of the previous May by 3.5%, with 751 detached homes exchanging hands and 162 condos. This represents a 7% increase in sales for detached homes and a 10 % decrease in condo sales. “May's figures underscore the fact that our local market remains vibrant,” advised Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR). “What we're seeing now in terms of sales is more on a par with previous Mays going back to the turn of the millennium.”

Sales last month outstripped those of the previous April by 17.3%, with 716 detached homes exchanging hands and 164 condos. “Although we're obviously delighted by these figures, we need to put them in perspective,” advises Barb Whitney, President of London and St. Thomas Association of REALTORS® (LSTAR).

The local real estate market has been brisk in the first three months of this year. Watch the 2012 LSTAR President, Barb Whitney, as she presents a detailed statistical report on the real estate activity in the Association's jurisdiction for the first quarter of the year.