London Real Estate Market Update – April 2019
Here is your London Real Estate Market Update – April 2019.
Key Highlights
- 1,055 homes* were sold in April
- Up 7.7% over April 2018
- 4th consecutive month to post gains over sales from the previous year
- Number of home resales above the 10-year average
Earl Taylor – LSTAR President: “The home resales activity in April reflects a very robust start to the spring market season. In fact, last month was the third best April, since LSTAR started tracking data in 1978. We continue to trend higher for total sales compared to 2018 with 2,989 units sold, which is ahead 6.4% compared to the same time last year.”
LSTAR Market Breakdown
Includes London, St Thomas, Strathroy, and all Middlesex County
Statistical Sales Data
- Average home sales price across LSTAR’s – $421,375
- An increase of 14.8% over April 2018
- Average sales price does factor all housing types, including single detached homes, as well as high rise apartment condominiums
Regional Breakdowns
- Largest year-over-year gain was in Elgin County, with an April average sales price of $411,441
- Up 37.8% compared to April 2018
- Strathroy also made a healthy gain, with an average sales price of $420,312
- Up 37.6% increase from the same month last year
- In St. Thomas, the April average sales price was $356,219, up 25.7% compared to the same time last year
Average Home Sales Across Canada
The data below is provided by the Canadian Real Estate Association
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