Saturday, June 6, 2020

May Sees an Uptick in Sales, Listings and Prices



The London and St. Thomas Association of REALTORS® announced that 668 homes exchanged hands last month in its jurisdiction, down 41.6% from May 2019 and 26.3% less than in May 2010. The number of LSTAR's listings was 973 in May, which represents a 42.3% decrease from a year ago and 41.5% from ten years ago.
"Even though the total number of residential transactions remained well below the 10-year average, in May, we saw notable month-over-month increases: 42.4% in home sales and 31.8% in listings, which we find very encouraging," said Blair Campbell, 2020 LSTAR President. "In addition, when looking at the year-over-year percentage changes, one can notice that the decrease in home sales is directly proportional to the one in listings, which means that the ratio between supply and demand is almost unchanged," he added.
"Despite the new social distancing rules, the open house prohibition and the lay-offs caused by COVID-19, the local real estate market succeeded in staying in Sellers' territory, which speaks to the strength of its fundamentals," Campbell emphasized.
The overall average home price saw an increase of 7.4% over a year ago, rising to $445,732 in May. This average sales price includes all housing types - from single detached homes to high-rise apartment condominiums. All the five major areas of LSTAR's region witnessed increases 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 May 2019.
Area
May 2020 Average Sale Price
Change over May 2019
Elgin County
$396,754
↑ 14.7%
London
$450,114
↑ 6.2%
Middlesex County
$550,902
↑ 13.0%
St. Thomas
$370,182
↑ 1.7%
Strathroy
$425,749
↑ 16.8%
LSTAR
$445,732
↑ 7.4%
"Looking at London's three main geographic areas, London South saw the highest number of home sales last month, while London East saw the biggest price gain compared to May 2019," Campbell said.
The average home price in London East was $365,261, up 8.4% from the same time last year, while in London North increased 7.7% over the same period to $531,626. In London South, which also includes data from the west of the City, the average home price was $462,334, up 6.5% over May 2019. St. Thomas saw an average price of $370,182, an increase of 1.7% from last May.
According to a report by the Canadian Real Estate Association, last month, in London, the median number of days that a home was on the market was 14 - up from 9 days in May 2019. As compared to a year ago, in Elgin County, the median number of days spent by a home on the market was 17 - down from 26; in Middlesex County it was 22 - up from 17; in Strathroy was 19, up from 14; and in St. Thomas it was 12 days - exactly the same as in May 2019.

Monday, June 1, 2020

June Newsletter ~ The PEDLAR Team Update


We Made It To June!


The PEDLAR Team wants to send health and safety to your family during these peculiar times. A round of applause goes out to the front line workers in the health care system! Another round of applause goes out to those who make it possible for our grocery store shelves to be stocked. From the truck driver to the person working the cash register.

Our office continues to remain closed to the public but we are still very much open for business via phone calls and emails. Thankfully we had many virtual practices in use before the current situation. We can do virtual showings, virtual signatures and virtual appraisals so feel free to give us a call for all your real estate needs. We always say, we are never far from our phones!

We live in an amazing community and as a whole we will get through this together! Stay safe and stay healthy!

We are seeing some positive signs in the real estate market around here as restrictions are eased by the Ontario government and people feel more sense of safety. Call us today if your thinking about buying or selling!

In Grand Bend Region (Port Franks to Bayfield) listings doubled in May compared to April (15 in April and 31 in May). In Grand Bend listings doubled from month to month as well (7 in April and 13 in May). For sales they tripled from month to month. Grand Bend region saw 10 sales in April and 27 sales in May. Along with Grand Bend where we saw 4 sales in April and 11 sales in May. These are positive signs for our local market! Main thing is we are seeing no signs that prices are decreasing and that the buyer pool is slowly coming back!
 

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


Still Having Troubles Being Productive While Working From Home? Check This Out

 
As many people adjust to working from home it can be tough to be productive. We have always had home and business seperate but now they are blend together. Here are 5 simple steps to being more productive while working from home.

1. Find A Secluded Place
2. Stay Organized
3. Dress To Impress
4. Eliminate Distractions
5. Stick To A Schedule

Click the link for full article: https://news.remax.com/5-ways-to-stay-productive-while-working-from-home?sf120164046=1&fbclid=IwAR160bDJn53MHksB4C8sLpWP1sLB0_pqwfB4WkbYylralebF9ZIoSCuWCE8


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.
 
SOLD IN Deer Run
1,322 Sq Ft Bungalow
Full Finished Basement
Double Attached Carport
3 Beds 3 Baths

 
Durand Lakefront
75' Of Lake Frontage
Built In 2011
4,100 Sq Ft Finished
3 Beds 3 Bath
$1,299,000
Port Lambton Riverfront
Totally Updated in 2010
105' Owned River Frontage
Backyard Oasis
3 Beds 3 Bath
$1,999,900
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
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

Saturday, May 2, 2020

May Newsletter ~ The PEDLAR Team Update

We Are Still All In This Together


The PEDLAR Team wants to send health and safety to your family during these peculiar times. A round of applause goes out to the front line workers in the health care system! Another round of applause goes out to those who make it possible for our grocery store shelves to be stocked. From the truck driver to the person working the cash register.

Our office continues to remain closed to the public but we are still very much open for business via phone calls and emails. Thankfully we had many virtual practices in use before the current situation. We can do virtual showings, virtual signatures and virtual appraisals so feel free to give us a call for all your real estate needs. We always say, we are never far from our phones!

We live in an amazing community and as a whole we will get through this together! Stay safe and stay healthy!
 

RE/MAX 2020 Liveability Report

While Canadians from coast to coast to coast isolate themselves from the many local enjoyments they derived from their neighbourhoods prior to COVID-19, their genuine love for their local community offers many glimmers of hope in the months ahead. In our newest report, RE/MAX explores some of Canada’s best places to live, and what makes them so.

The RE/MAX 2020 RE/MAX Liveability Report explores all the qualities that make a neighbourhood “liveable,” such as access to green space, retail, transit, entertainment and more, and ranks 300+ of Canada’s Most Liveable Neighbourhoods.
Click the link to view full report: https://blog.remax.ca/canada-liveability-report/#101947166
 

Housing Prices In Canada
Immune To COVID-19

The experts are not in total agreement but you have both sides of the housing market predictions in this article. Some experts at TD and other reputable companies projecting a surge in home sales once COVID health concerns grow smaller. Other experts suggesting forced sales and others will have a negative impact on sale prices.

Looking at past financial hardships and their impact on our local market we can create an idea for future predictions for our particular area. 2008 recession saw a levelling of our home prices and we saw slower growth in sale prices for a year or so. This is what we expect to happen once COVID restrictions are lifted. There will be a period before both buyers and sellers are comfortable in the process again and during that period we expect to see a levelling off of prices.

As many may think this is a buyers market amongst the COVID restrictions. The other side of that coin is that many sellers are not putting their homes on the market which creates a smaller pool of homes to buy for the smaller pool of buyers. We forecast a strong housing market once the confidence is back in the economy.
Click the link to view full report: https://www.huffingtonpost.ca/entry/house-price-forecast-canada_ca_5ea9e48dc5b633a85444a507?fbclid=IwAR0dX981LmuwEkq0GaFE5mCIvUg3UhCeuZeaisOHLdVhvjeZxkD-xsZk1q4
 

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
 

Toronto Zoo Goes Online

With schools closed and most families stuck at home, why not take a virtual trip to the Toronto Zoo? Although the zoo is closed to visitors due to COVID-19, staff are still working hard to make sure all the animals stay happy and healthy. Every day at 1 p.m. they'll bring the zoo to you through Facebook live sessions with staff, keepers and– of course, the animals.
If you’re looking for educational content for younger animal-lovers, the zoo has partnered with Exploring By The Seat Of Your Pants to host live streams every Tuesday and Thursday at 11 am. It’s a virtual learning program that includes additional resources so kids and families can extend their learning beyond the stream.
Click the link to view full report: https://www.durhamradionews.com/archives/125661?fbclid=IwAR1LS3NT_87K37kpRrOCSntHy4gwspGSkHLqnshvhQKMPKnC6rYJ_7q4H24


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.
 
SOLD IN Ipperwash
Fully Updated Home
Seconds From The Beach
Detached Garage/Shop
3 Beds 1.5 Baths

 
Highlands II
Desirable Subdivision
Just North of Grand Bend
Updated Cottage
3 Beds 1 Bath
UNDER CONTRACT
Walden North
Newer Custom Built Home
Roof Top Patio
3 Beds 2.5 Bath
Full Unfinished Basement
8KM South of Grand Bend
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

Friday, April 3, 2020

April Newsletter ~ The PEDLAR Team Update ~ We Are All In This Together

We Are All In This Together


The PEDLAR Team wants to send health and safety to your family during these peculiar times. A round of applause goes out to the front line workers in the health care system! Another round of applause goes out to those who make it possible for our grocery store shelves to be stocked. From the truck driver to the person working the cash register.

Take this time at home to start new traditions with the family. Some examples could be pizza night, movie night, a new family favourite card game and so forth. Another great idea during these times is to get started on those jobs around the house that you have been putting off. Become that chef you never had time to be!

We have decided to close the office to outside foot traffic so that we can use the office if necessary. We are never far from our phones and email if you had a question or just want to chat.

We live in an amazing community and as a whole we will get through this together!

Get The Kids Cooking


We all know that supper is usually a rushed process when everyone gets home from school and work! We now have much more time on our hands and this might be the perfect time to introduce your kids to the kitchen. I found this website and is linked below that provides many recipes that are easy to make with kids and uses quite common ingredients.

This website gives you lots of options to pick from in terms of breakfast, lunch, dinner, snack and appetizer ideas.

Check it out and let us know which recipe you made!

Click the link: https://www.lifehack.org/articles/lifestyle/master-chef-40-easy-recipes-cook-with-kids.html


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
Fully Updated Home
Seconds From The Beach
Detached Garage/Shop
3 Beds 1.5 Baths
$499,000
Highlands II
Desirable Subdivision
Just North of Grand Bend
Updated Cottage
3 Beds 1 Bath
$299,900
Walden North
Newer Custom Built Home
Roof Top Patio
3 Beds 2.5 Bath
Full Unfinished Basement
8KM South of Grand Bend
$619,900
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
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

Thursday, March 5, 2020

London Area Home Sales Remain at Peak Levels



Last month, local residential real estate transactions remained at peak levels, with 740 homes trading hands in LSTAR's jurisdiction - only 22 less than three years ago, when the Association had its best February sales ever.
"Overall, home sales took a leap over the previous month - from 568 to 740, which signals an early start of a busy spring market," said 2020 LSTAR President Blair Campbell.
Compared to a year ago, the local residential sales activity saw a 23.7% increase, while the overall average home price experienced a 13% surge, rising to $445,535 in February.
"Even though the number of LSTAR new listings grew to 1,034, which is almost on par with the 10-year average, the number of active listings at month end was still much lower than normal. This reflects the strong demand for residential properties in our area," stated Campbell.
Inventory is another important measure of the balance between sales and the supply of listings. This shows how long it would take to liquidate existing inventories at the current rate of sales activity. At the end of February 2020, there were only 1.8 months of inventory across the entire LSTAR district - the lowest level in the last ten years.
"Looking at the home sales activity in LSTAR's five main regions, it's interesting to see that three of them - Elgin County, Middlesex County and Strathroy - had their second best February ever. London witnessed its third best February with 488 home sales, while St. Thomas set a new absolute record for February home sales, with 68," Campbell noted.

Saturday, February 29, 2020

March Newsletter ~ The PEDLAR Team Update

First Day of Spring Is Only 3 Weeks Away


Hard to believe as our area gets hit with the first extended snow storm that the first day of spring is only three weeks away. The tundra swans are coming back through the area and that is usually a good sign Spring is just around the corner! This means the busy housing market for buyers and sellers will heat up quickly, once the snow leaves. If you are thinking about selling, the spring market always brings the excited buyers to town!

The PEDLAR Team had a very exciting end to February, heading to Las Vegas for the RE/MAX R4 Convention! It was an exciting trip with all three of us getting yearly awards and additionally Mark received the 'Hall of Fame' award from RE/MAX! We met RE/MAX agents from around the world and expanded our referral network to a global scale. Where ever in the world you are looking, close or far, there is a local RE/MAX agent that we can put you in touch with! Don't hesitate to call and we will get you in touch with the local RE/MAX professional!


Ontario Policy Makers Remove
The Stress Test


The great news came recently that the Ontario government is doing away with the mandatory stress test for those applying for a mortgage with less than 20 percent down. Helping mostly first time home buyers with being able to retain a larger mortgage value. I have included two articles that are quite descriptive of the benefits of these changes. The first article from The Globe and Mail types out 9 benefits of the new changes. The second article from CBC goes in to the viewpoint that these changes take power from the six major banks to control our Ontario housing market. Both articles with links below are great reads regarding the new changes that will be implemented as of April 6, 2020.


Five Things To Know About FSBO's

 
Some great points in this article from RE/MAX, regarding FSBO's (For Sale By Owner) and the tough spot owners put themselves in by going with this process of selling their home. The article isn't saying you can't sell your house yourself but that the potential cons of doing so heavily outweigh the pros. An interesting point the article makes, from taking sale figures of current homes, is that the average sale price for a FSBO was $200,000 versus $265,500 for agent-assisted transactions.

Click the link for the full article: https://blog.remax.ca/5-things-to-know-about-fsbos/?fbclid=IwAR0KoRyUDbJMfymsBWe-vHQ1Asn7SB4-I5SXuSNHxp6bMMrrHXyf8O3e94o


Retirement Home Proposed For Grand Bend

 
Our ever growing and expanding community may have a new retirement home coming to Grand Bend. A four-storey retirement home would see approximately 127 units built on an 8,900 square foot gross floor area. With the aging population this would be a great addition to keeping those residents that love this area! Giving those aging residents some more beautiful years in Grand Bend.

Click the link for the full article: https://blackburnnews.com/sarnia/sarnia-news/2020/02/10/retirement-home-proposed-grand-bend/?fbclid=IwAR17Yq3EZK10lQXs1pa2zoqjf_dO7qinSEhyeKCh1arr_-4Y6lE8bHf80_g


RE/MAX National Outlook For 2020

 
RE/MAX is calling for a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected next year, with an estimated 3.7 per-cent increase in the average residential sale price.
Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. However, some regions in Ontario continue to experience higher-than-normal gains, including London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent).
As more Canadians have adjusted to the mortgage stress test and older Millennials move into their peak earning years, it is anticipated that they will drive the market in 2020, particularly single Millennials and young couples. A recent Leger survey conducted by RE/MAX found that more than half (51 per cent) of Canadians are considering buying a property in the next five years, especially those under the age of 45.

To get more information click the link: https://blog.remax.ca/canadian-housing-market-outlook/?fbclid=IwAR1nWdFocyIuwsdMB5T3ytkDNV3udOHeyOqeJ89RciuV54bXXAPbTrexK98


Townsend Meadows Development
In Forest - PHASE 2 Has Started &
7 Units Are Already SOLD With
4 Units 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/
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.

My Favourite Moment in History & Climate Crisis Unpacked
March 9 - 12-1:30 & 2:30 - 4:30 - 25 Main Street, Grand Bend - Huron Shores United Church

Two great weekly events at the Huron Shores United Church in downtown Grand Bend. Click the link for community calendar down below to find the particular person to contact and register today.

Ausable-Port Franks Optimist Club Meat Draw
March 21 - 2-4pm - Grog's Pub & Grill

The Optimist Club of Ausable Port Franks holds a meat draw on the third Saturday of each month from September to May.  This event is at Grog's Restaurant from 2:00-4:00 pm and helps us raise money for our Youth events and programs.  The date in May is changed due to the long weekend.  Come out and have some fun and win some prizes.

Soup-er Sundays
March 29 - Noon - 3pm - 9997 Port Franks Road - Port Franks Community Centre

Fun with Giant Games!!  Come out to the West Wing of the Port Franks Community Centre with your family or on your own to spend time with others on a Sunday afternoon.  There is a light soup lunch and dessert for $5 that is available if you wish.

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=03/01/2020

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
Port Franks
Built in 2005
Custom Brick Bungalow
Full Finished Basement
Attached Double Garage
3 Beds 2 Bath
SOLD
Sunset Avenue
Bluewater Municipality
One Acre Building Lot
100 Ft Frontage
Listed at $129,900
SOLD For $141,500
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