If you are looking for a houses or condos for sale around London & South West Ontario here are a few neighbourhoods in London you may want to consider.
|Hunt Club||Hyde Park||Ilderton|
|Sunningdale||University Western Ontario||Uplands|
|Warbler Woods||Westmount||Wortley Village Old South London|
London Ontario and Area House & Condo Sales for July 2018
July 2018 marked the third best July for London Ontario real estate since 1978 as exactly 1000 homes were sold using our local MLS, London and St. Thomas Association of REALTORS® (LSTAR)
This is the third consecutive month of at least 1,000 homes being sold and the resale activity remains above the 10-year average. Inventory remains at a 10-year low, while we continue to see an increase in average sales price,
By geographic area, London East made the largest gains, with an average price of $288,648 – up 14.3% from July 2017 and up 40.2% compared to July 2015. The average sales price in London North was $441,035 – up 8.0% from July 2017 and up 35.9% compared to July 2015. Meanwhile, the average sales price in London South was $370,399, up 10.9 percent from July 2017 and up 32.2% from July 2015.
Overall, the average July sales price across London and St. Thomas was $360,068 – up 10.3% from July 2017 and up 34.2% from July 2015. Going back further, it’s a 68.2% increase compared to the average sales price 10 years ago.
St. Thomas saw a total of 79 homes sold in July, down 7.1% from the same period last year. For inventory, there were 87 active listings, down 22.3% from last July and down 67% from July 2015. The average home sales price in St. Thomas was $303,988 up 15.9% from July 2017 and up 35.5% from July 2015.
The following chart is based on data taken from the CREA National MLS® Report for June 2018 (the latest CREA statistics available). It provides a snapshot of how average home prices in London and St. Thomas compare to other major Ontario and Canadian centres