SOLD In Grand Bend ~ Merrywood Meadows

September - Another Strong Month for Real Estate

London and St Thomas Association of REALTORS® (LSTAR) announced 861 homes* were sold last month, marking the second best September for home resales, since the Association began tracking data in 1978.

"In September, home resales across the region were up 11.8%, compared to the same month last year," said Earl Taylor, 2019 LSTAR President. "With three months left in the year, almost 8,000 homes have exchanged hands, which is up 3.6%, compared to this period in 2018."

Meanwhile, inventory remains low, with active listings at 1,841, up 8.8%, compared to September 2018. This number is well below the 10-year average. For comparison, this is down 22.6% compared to three years ago and down 49.6% compared to five years ago.

"What we're experiencing with low inventory has had an impact on the average home sales price," Taylor said. "Each of the five major areas in LSTAR's jurisdiction saw an increase last month. It was up 20.4% in Elgin County, up 6.6% in Middlesex and up 6.5% in Strathroy. London and St. Thomas also saw gains, up 5.1% and 4.3% respectively."

Overall, the average home price was $412,208. It represents an increase of 6.8% from September 2018 but is almost on par with the average sales price of $413,010 from August.

10002 Urlin Crescent, Port Franks ~ Bungalow Built In 2005

3rd Quarter Market Report ~ The PEDLAR Team Update

3rd Quarter Market Report   The market still is moving in Grand Bend but things have settled a bit since the hot spring market. In town your seeing more inventory come on the market and although sales were down this quarter, they are fairly level for year over year and the prices are up over the last 12 months. Along the Lake inventory was down significantly this quarter compared to last year this time which led to fewer sales, but the numbers are pretty close for lakeside properties with more sales this year and an increase in the average price. However lakefront sales have slowed down compared to last and the average price has decreased with the entry level inventory mainly selling. Port Franks and area is still a strong market with more listings, more sales and increased prices. 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   Happening In The Community It's always good to know what is going on in our exciting community. Halloween Fun Day October 26 - 1pm - 3pm - Port Franks Community Centre - 9997 Port Franks Road, Port Franks The Optimist Club of Ausable Port Franks will host their annual Halloween Party on Saturday, October 26 from 1-3pm at the Port Franks Community Centre. One free pumpkin for each child to paint and take home! Trick or treating in their Spooky town, face painting and so much more. Free for all ages. Visit their website or facebook page for more information. These aren't all the events happening in Lambton Shores so check out the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month?StartDate=06/01/2019 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.

Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000 Forest Duplex Unit 1-2 Bdrm 1 Bath Unit 2-3 Bdrm 1 Bath Close To Amenities Calling All Investors Updates Throughout $249,900 Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath $599,900

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 http://www.grandbendrealestate.com  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

September - another strong month for real estate

London and St. Thomas Association of REALTORS® (LSTAR) announced 861 homes* were sold last month, marking the second best September for home resales, since the Association began tracking data in 1978.

"In September, home resales across the region were up 11.8%, compared to the same month last year," said Earl Taylor, 2019 LSTAR President. "With three months left in the year, almost 8,000 homes have exchanged hands, which is up 3.6%, compared to this period in 2018."

Meanwhile, inventory remains low, with active listings at 1,841, up 8.8%, compared to September 2018. This number is well below the 10-year average. For comparison, this is down 22.6% compared to three years ago and down 49.6% compared to five years ago.

"What we're experiencing with low inventory has had an impact on the average home sales price," Taylor said. "Each of the five major areas in LSTAR's jurisdiction saw an increase last month. It was up 20.4% in Elgin County, up 6.6% in Middlesex and up 6.5% in Strathroy. London and St. Thomas also saw gains, up 5.1% and 4.3% respectively."

Overall, the average home price was $412,208. It represents an increase of 6.8% from September 2018 but is almost on par with the average sales price of $413,010 from August.

Area	September Average Sale Price
Elgin County	$426,992
London	$410,930
Middlesex County	$504,172
St. Thomas	$335,374
Strathroy	$406,426
LSTAR	$412,208

The PEDLAR Team Update ~ October Newsletter

Welcome To October Everyone September flew by for us and I am sure for you as well as family's get back into routine with school and all that fun stuff. We are a week into fall and some parts of  western Canada saw snow fall already!! I won't mention the S word again in this newsletter. October is a typical time for many of the cottages to start shutting down around here. As you all may have noticed things around town start to quiet down in September but October brings a new level of quiet after Thanksgiving Weekend. Many businesses/restaurants stay open till Thanksgiving weekend so make sure you get and enjoy the action without the lineups! Have a great October everyone and enjoy the leaves changing colours! Its magnificent driving down 21 alongside The Pinery Park down the aisle way of colours. For a great article, by Mike Holmes, on shutting down your cottage this October simply click the link: https://nationalpost.com/life/homes/mike-holmes-top-tips-for-closing-up-your-cottage-for-another-year Find below a couple good things to be aware of in Lambton Shores. One image showing which location deals with particular issues you may have within Lambton Shores. The other image regarding leaf clean up and the dates. Townsend Meadows Development In Forest - PHASE 2 Has Started & 5 Units Are Already SOLD 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/ Townsend Meadows PHASE 2 Huron Model - 1,411 Sq Ft - $367,120 Bosanquet Model - 1,175 Sq Ft - $305,500 Thedford Model - 1,295 Sq Ft - $336,700 Call Doug PEDLAR today for more information at 1519-238-5700 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   Happening In The Community It's always good to know what is going on in our exciting community. Fall Tree & Plant Sale October 12 - 9am - Noon - 70642 Ontario St. N., Grand Bend The Lakeshore Eco-Network will host their annual Fall Tree and Plant Sale on Saturday, October 12 from 9am-12pm at St. John's by-the-Lake Anglican Church. Buy native trees, plants, and shrubs from local growers. Thanksgiving Market & Sidewalk Sale October 12 & 13 - 9am - 4pm - Grand Bend Main Street The 2019 Thanksgiving Market & Sidewalk Sale will take place on Saturday, October 12 and Sunday October 13 from 9am-4pm in Grand Bend! Saturday, October 12th – local shops & restaurants, Farmers & Crafters on Main Street Sidewalk Sunday, October 13th – local shops & restaurants only Halloween Fun Day October 26 - 1pm - 3pm - Port Franks Community Centre - 9997 Port Franks Road, Port Franks The Optimist Club of Ausable Port Franks will host their annual Halloween Party on Saturday, October 26 from 1-3pm at the Port Franks Community Centre. One free pumpkin for each child to paint and take home! Trick or treating in their Spooky town, face painting and so much more. Free for all ages. Visit their website or facebook page for more information. These aren't all the events happening in Lambton Shores so check out the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month?StartDate=06/01/2019 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.

Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000 Merrywood Meadows Bungalow W/ In-Floor Heat Great For Those Looking To Downsize Attached Single Garage 2 Beds 2 Bath $450,000 Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath $599,900

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 http://www.grandbendrealestate.com  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