SOLD ~ Lot 10, 11, & 12 In Goosemarsh Estates

SOLD ~ Vacant Lot Just South of Bayfield

SOLD ~ Lakefront In Lakewood Gardens

SOLD In Norman Heights ~ Lakefront

SOLD In Grand Cove Estates ~ Grand Bend Leased Land

LSTAR September Home Sales Set New Record

 The London and St. Thomas Association of REALTORS® (LSTAR) announced September achieved a record for residential sales, with 960 homes exchanging hands, up 25% compared to the same time a year ago. This represents the best results ever for September since the Association began tracking data in 1978.

"The strong momentum experienced during the summer months continued through September," said 2020 LSTAR President Blair Campbell. "Similar to many other housing markets across Canada, many are still playing catch up from the COVID-19 lockdown we had during the spring."

The average home sales price across the region also reached a new peak of $521,883, up 28% over September 2019 and up more than 98% compared to the same time five years ago.

"Each of the five major areas in LSTAR's jurisdiction posted gains, led by Middlesex with average sales price of $575,785,"Campbell said. "Again, it's important to note this figure encompasses all housing types, from a 2-storey single detached home to a high-rise apartment condominium."

The following table shows last month's average home prices by area and how they compare to the values recorded at the end of September 2019.

Area	September 2020 Average Sale Price	Change over September 2019
Elgin County	$498,098	↑ 17.6%
London	$527,414	↑ 30.1%
Middlesex County	$575,785	↑ 18.1%
St. Thomas	$433,504	↑ 26.7%
Strathroy	$526,614	↑ 14.0%
LSTAR	$521,883	↑ 28.0%

Taking a closer look at the region's geography, London North achieved a new peak in average sales price, at $613,755, up 28.3% compared to the same time a year ago. It's the first time the average sales price in London North has surpassed $600,000.

Townsend Meadows Development ~ Reserve Your Spot In Phase III

October Newsletter ~ The PEDLAR Team Update

 

Welcome To Fall We hope all the families are adjusting as good as can be to the new normal for our kids of the area heading back to school. Our thoughts are with the teachers and students alike as they adjust to a new normal. This weather has certainly made it feel like Fall very quick. We are seeing the decorations change on homes from summer to fall. That doesn't mean Grand Bend is closed down as many stores and restaurants stay open till Thanksgiving or later. Fall is a beautiful time around the natural paradise we live in as the leaves change all different colours. This time of year attracts a lot of visitors to the Pinery Park to view the spectacle along the Old Ausable River that runs through the Pinery. The market remains hot in our area and across most of southwestern Ontario. It is a great time to sell! Call The PEDLAR Team today if you are thinking of buying or selling and we will get you all the info you need to be prepared.   How much will it cost to buy a house?   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. - Deposit - Down Payment - Land Transfer Tax - Appraisal Fee - Home Inspection - Property Insurance - Mortgage Insurance - Lawyer Fees - Title Insurance - Property Taxes - Maintenance & Energy Costs - Moving Expenses Click the link to read the full article: https://blog.remax.ca/much-will-cost-buy-house/ Townsend Meadows Development In Forest Phase 3 Is Moving Forward For 2021 With Only 1 Unit Remaining In Phase 2 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.

Goosemarsh Estates 1 Acre Vacant Lots Beautifully Treed Build A Home In Nature Only 3 Lots Left! $125,000 +HST Southcott Pines Lakefront 70' Of Lake Frontage Updated Interior/Exterior Two Lakeside Decks 4 Beds 2 Bath $1,899,000 New Build For Early 2021 Nicholson Builders 1,723 Sq Ft Main Floor Double Attached Garage 4 Beds 3 Bath $719,000

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