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London Ontario Real Estate Blog

London MLS Listing and Sales Update for real estate in the of Middlesex and Elgin counties.

 The following chart, based on data taken from CREA's National MLS® Report for January 2015 demonstrates how homes in London & Komoka Middlesex  continue to maintain their affordability compared to other major centres in Ontario and Canada.


In spite of darn cold weather , a total of 535 homes sold in February in the London Ontario real estate market. Considering that the average number of February sales over the past decade stands at 489  properties it's  reasonable to describe February 2015 as a good, solid month for home sales In the London and  St. Thomas market .Also up for February were listings by 6.2% - while inventory - active listings end of period – was down a marginal 1.3%. The market continues to be a balanced one.London's  neighboring City of St. Thomas. saw 54 homes sold last month, making it the best February on record for St. Thomas since 2007, The average price of a home in St. Thomas Year to Date stands at $203,008, up 1.6%."

House Style       Units Sold                Average Price

2 storey              127                              $331,566

Bungalow            92                              $204,146

Ranch                  56                              $304,311

Townhouse         38                              $155,442

High rise apt. Condo    27                   $154,267

The average price of a home in the, Middlesex and Elgin Counties, stands at $248,056 Year-to-Date, down 2.4%. The best-selling house style in  London real estate market for February 2015 was the two-storey, then the bungalow, followed by ranches, then townhouse condominiums, then high rise apartment condos.

Published Wednesday, March 4, 2015 11:16 PM by Jim Straughan


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