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September sales up in London and area.  Still a great time to buy and sell.
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Back into the swing of things...

By now you are probably back into your regular routine after the summer.  I can't believe it's already fall...  the leaves are changing to beautiful colours, the sun is setting earlier and the nights are getting cooler.  Now is a great time to start thinking about your plans for the next year.  You might be thinking that you are growing out of your home, or perhaps you have too much space, or maybe your current floor plan no longer suits your needs.  Whatever the case may be, it's always smart to keep your eye on the real estate market in the area(s) you are most interested in.  In our present age of technological advances, it's so easy to do this from the comfort of your own home... all you need is a computer with an internet connection!  Ask me how you can get listings geared to your preferences sent straight to your email address.  I can get you set up in a matter of minutes!

Market Update:

Courtesy of LSTAR
(London St. Thomas Association of Realtors)

September:

Overall sales were up 3% in September, with a total of 614 homes exchanging hands in LSTAR’s jurisdiction. Detached homes were up 5.3%, while condos were down 7.8%.

The City of St. Thomas's market performed well last month. 56 homes sold in that City, up 9.8%. The average price for a home in St. Thomas Year to Date stands at $195,537, up 2.1%.

The average price of a detached home Year to Date in LSTAR's jurisdiction is $262,001, up 3%, while the average price of a condo for the same period stands at $179,021, up 4.4%. The average price of all homes Year to Date in LSTAR's jurisdiction is $246,849, up 3.4%


August:

Overall sales were down 3.7% in August, compared with those of the previous August. However, when you look at year to date we are only down 2% year over year. Condos, however, were up 2.2%.

Mortgage Update:

Mortgage rates still very affordable:
  • 5 year fixed rates in the high 3.00% range
  • 5 year variable rates for 2.50% (prime less 0.50)
Variety of mortgage programs exist to suit specific needs
  • No Down Payment Mortgage 
  • Reno Cash-Back Mortgage
Contact me for more information and I will gladly refer you to a professional Mortgage Broker.

Copyright © 2013 Heidi McColl, Oliver & Associates, All rights reserved.
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