Wednesday, July 8, 2020

Home Sales Rebound in June



After two consecutive months of sharp declines caused by the COVID-19 pandemic, local home sales saw a strong rebound in June. The London and St. Thomas Association of REALTORS reported that 1,188 homes exchanged hands last month in its jurisdiction, up 13.8% from June 2019 and 11.7% more than two years ago.
"In fact, this makes last month the second best June for home sales since LSTAR began tracking data, back in 1978," pointed out Blair Campbell, 2020 LSTAR President. "In all LSTAR's main regions, June's volume of residential real estate transactions was absolutely remarkable: Middlesex County and Strathroy had their best June ever, with 99 and 39 home sales respectively; St. Thomas and Elgin County recorded their second best June, with 97 and 77 home sales respectively; and London's 748 home sales were right on par with the five-year average," he added.
Overall, the number of listings increased in June to 1,513, up 3.4% over June 2019, but the inventory - the number of active listings at month end - decreased to 1.3 months of inventory, its lowest value in the last ten years.
"The 78.5% sales-to-new listings ratio recorded last month demonstrates, once again, how firmly anchored our market is in Sellers' territory," Campbell explained.
"These figures might sound incredible, with all the social distancing rules and the open house prohibition in place. But, in reality, they show how desirable the properties in our area are and how quickly our Members embraced new technologies to serve their clients," Campbell emphasized.
The overall average home price rose to $473,998 in June, an increase of 17.8% over a year ago. This average sales price includes all housing types - from single detached homes to high-rise apartment condominiums. All five major areas across LSTAR's region witnessed gains in their average home sales price. The following table illustrates last month's average home prices by area and how they compare to the values recorded at the end of June 2019.
Area
June 2020 Average Sale Price
Change over June 2019
Elgin County
$445,220
↑ 32.6%
London
$486,372
↑19.3%
Middlesex County
$547,444
↑ 9.8 %  
St. Thomas
$382,862
↑ 8.5%
Strathroy
$425,277
↑ 14.7%
LSTAR
$473,998
↑ 17.8%

SOLD In Lambton Shores ~ Lakefront In Ipperwash

Monday, July 6, 2020

July Newsletter ~ The PEDLAR Team Update


Summer Is Here!


We are a little late with this monthly update but we did it this way so we could say we hope you had a fantastic Canada Day or July 4th celebrations! Grand Bend traffic has certainly picked up as tourists flock to our beautiful town and sandy shores of Lake Huron. We have been very lucky with the weather lately so we hope everyone has been able to enjoy a slice of it. Beaches are still open and appears most people are trying their best to social distance so this is great news. We hope everyone can keep up the good work and continue to social distance so our beach stays open! Our local restaurants have done an amazing job at working around the restrictions imposed on them by the government. Make sure to support our local businesses during these tough times so that we can see them come back stronger than ever next year! Be kind to those working at the various establishments as it is just as uncomfortable for them as it is for you and this is all new to everybody.

Doug and Garrett went just north of Grand Bend yesterday to pick up a growler from Bad Apple Brewery Company Ltd. We couldn't resist a fresh cold one while we there to drink in the orchard under some shade. They are just another one of the great businesses we are so lucky to have around. Find Doug below out at Bad Apple Brewery.

You also may have seen the RE/MAX balloon this weekend! We will have to wait to invite everyone out for another BBQ and tethered balloon ride due to COVID. The pilot is going to bring it down a few times this summer just to tether the balloon and bring a smile to your day as not everyone gets to see these balloons on the ground. We look forward to being able to invite everyone out for a day next summer with the balloon.

Hope you all have a great Monday and remember that we are never far from our phones if you have a question about real estate in the area.
 


How Much Will It Cost To Buy A House?

 
RE/MAX published a great article regarding all the costs of buying a home. The article goes into detail and breaks down the process so click the link below.

You’ve likely heard people lauding the benefits of home ownership. Canadian real estate has historically seen solid long-term gains, which bodes well for existing home owners and those who plan to buy and keep the place for the long term. Other benefits of owning a home – a roof over your head, a place to plant roots, pride of ownership, retirement plan, the list is long and varied. However, as with all investments, there is that initial cost of owning a house in Canada, and unlike other investment vehicles, a home comes with ongoing costs as well. So, down to the nitty-gritty: How much will it cost to buy a house? The price of the home and the services associated with the purchase are all relative to the type of property, its age/condition and location, so do your research to ensure it remains a good investment. A real estate agent can outline what you can expect to pay, and maybe some unexpected expenses as well. In the meantime, here’s a list to factor into your budget.

Click the link to continue reading: https://blog.remax.ca/much-will-cost-buy-house/


Townsend Meadows Development
In Forest - PHASE 2 Has Started &
10 Units Are Already SOLD With
ONLY ONE Unit Remaining For Sale


Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns.

Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you.

Click the link: https://www.townsendmeadows.com/

Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/

Lambton County & Huron County
Business Map

 
A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county.

Lambton County: http://www.shoplambton.ca
Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f


Shoreline ToGo

 
Order food for takeout or delivery from the restaurants you love in Arkona, Bayfield, Blyth, Exeter, Forest, Grand Bend, Hensall, Kettle & Stony Point, Ipperwash, Northville, Parkhill, Port Franks, Thedford and Zurich! Many of our restaurants are OPEN and LOOKING for your business. This is a great way to see what is open in our area. Support local during these times so we can enjoy them to their fullest when COVID restrictions are eased.
Click the link to view full report: http://shorelinetogo.ca/?fbclid=IwAR3pjTjkAPR95yCpMqhcNvrEzHPkMrneLdpBrT-_UO2WCcd5kp73Zpwe7S8
 


New To Lambton Shores?


The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality.

Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite
 

Social Media
 
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing.
 
Ipperwash Lakefront
67' Of Frontage
Multiple Buildings
Double Attached Carport
Sandy Shoreline

SOLD
Durand Lakefront
75' Of Lake Frontage
Built In 2011
4,100 Sq Ft Finished
3 Beds 3 Bath
SOLD
Port Franks
Totally Updated in 2005
Double Heated Garage
Backyard Oasis
3 Beds 2 Bath
Under Contract
If you or any of your friends and family are looking to buy or sell make sure to call us first!
Referrals are the greatest compliment

Check our website out by clicking the link below
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
 
519-902-4099    519-670-0746     519-872-0910
 remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net