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London Real Estate Market Update – Feb 2019

London Real Estate Market Update – Feb 2019

London Real Estate Market Update – Feb 2019 – Here is what is happending around London.

  • 603 homes were sold in February, up 5.6% over February 2018
  • Two months into 2019, there have been 1,128 home resales, up 10.8% compared to 2018
  • Across the region, average home sales price continue to rise
  • London, the February average sales price was $405,186, up 13.5% from 2018
  • Average sales price for the region was $393,911, up 12.5% compared to February 2018
Area February Average Sale Price
Elgin County $360,800
London $405,186
Middlesex County $469,094
St. Thomas $306,279
Strathroy $365,534
LSTAR $393,911

The president of LSTAR offered the following comments: “It’s important to point out that the average sales price does include all housing types, including single detached homes, as well as high rise apartment condominiums. All real estate is local, so your best source for information on the marketplace is going to come from a professional REALTOR®.”

London Sale Prices By Housing Type

  • 2-storey home in London was $543,114, up 12.7% from Feb 2018
  • high rise apartment condo was $246,070, up 27.1% from Feb 2018
  • Average sales price for a 1-storey home (bungalow or ranch style) was $368,664, up 8.9%, compared to February 2018.

Average Sale Prices Across Canada

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