"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," said Jim Smith, LSTAR President. "It just
shows how desirable the region is, when you consider affordability,
accessibility and lifestyle.
In April, a total of 971 detached homes were sold, an increase
of 11.7% over the previous year, while there were 249 condominium sales, up
25.1% from 2016. The average sales price was $347,062 up 5.4% from the previous
month. The average year-to-date sales price was $325,286 up 16.6% from 2016
average home price of $279,057.
"With this robust marketplace, it's a fantastic time to get
in touch with a REALTOR®," Smith said. "With an increase in multiple
offer situations, interest from outside of London and St. Thomas, and the
regulatory requirements, a REALTOR® can help you manage the process every step
of the way."
