In August, 747 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of Realtors® (LSTAR), a 2 per-cent decrease over August 2008. This includes 600 detached homes (down 1.2 per cent from August 2008) and 147 condos (down 5.2 per cent from August 2008). Year-to-date 4,619 detached homes and 1,069 condos have been sold - down 8.4 per cent and 18.2 per cent respectively compared to the same period in 2008.
Average Residential Prices in London - 2000 to 2009 YTD
MLS Residential Sales (LSTAR jurisdiction) - August YTD
Homes in London and area continue to be among the most affordable compared to other major cities in Ontario and Canada. According to the Canadian Real Estate Association's Residential MLS Report for July 2009 (the most current available), the average price year-to-date for:
London and St. Thomas $213,932
St. Catharines $218,287
Kitchener-Waterloo $273,895
Durham Region $274,585
Hamilton-Burlington $285,858
Ottawa was $299,961
Edmonton $320,164
Calgary $379,192
Toronto $386,329
Vancouver $568,021
