London Market Update: Home Sales Achieve Another Monthly Record in April

London Market Update: Home Sales Achieve Another Monthly Record in April

April was yet another record breaking month in London, Ontario. The London and St Thomas Association of Realtors (LSTAR) reports that a total of 1,220 homes sold, an increase of 14.2% over the same period last year. This represents the best results ever for April, since we began tracking data in 1978. Below you will find our full market update.

What Does LSTAR Say?
Jim Smith LSTAR President offered the following comments: “Since the beginning of the year, every month has achieved record sales. After the first four months, we’re about 25 percent ahead in home sales compared to 2016. It just shows how desirable the region is, when you consider affordability, accessibility and lifestyle. London and St. Thomas have so many features that make them attractive destinations to live, work, raise families and retire. We’ve got farm-to-table restaurants, London Knights hockey, big-name concerts and culture, such as the North American Railway Hall of Fame and the Grand Theatre.”

How Do The Numbers Breakdown?

• 971 detached homes were sold, an increase of 11.7% from 2016
• 249 condominium sales, up 25.1% from 2016
• Average sales price was $347,062 up 5.4% from the previous month
• Average year-to-date sales price was $325,286 up 16.6% from 2016

Breakdown By House Type

If you are thinking of buying a home try our Property Search Page .

If you are thinking of selling try our Find Your Home Value page