Third Best Sept. ever for area Homes

Last month 708 homes exchanged hands in the jurisdiction of the London St. Thomas Association of Realtors a 7.9% decrease over Sept 2008. Year to date until Sept., sales have decreased 10.1% over the same period last year, but the average price for Sept. 09 has actually increased by 1.9% to $217,832. "Sales for September were the Third best on Record", says Joe Hough, president of LSTAR, "so it's wonderful to see September 2009 back up there".
Dale Ripplinger, President of the Canadian Real Estate Association, says "National sales activity in the third quarter is on track for a significant increase compared to the second quarter. Low interest rates and affordability continue to attract home buyers to the housing market. Consumer confidence continues to rise, which bodes well for activity in the coming months."

Great Lakefront for Sale!

With the market starting to recover now is the time to buy that resort property that you've always wanted! Prices are soft but sales have been very active these past 2 or 3 months. This lakefront cottage is just north of Grand Bend in the Norman Heights subdivision and has one of the best beaches around. Comes fully furnished and priced to sell.

Bank of Canada News Alert!

Economy grew 2% in Q3, says Bank of Canada. A report from the Bank of Canada says the Canadian economy grew by two per cent during the third quarter of the 2009 fiscal year and is expected to grow 3.3 per cent in the fourth quarter. That's great news for all of us.

Townsend Meadows Grand Opening

The Grand Opening at Townsend Meadows on the 19th was very successful. With the sun shining and lots in interest in the new development it turned out to be a great day. The dignitaries were there as well!

Townsend Meadows OPEN HOUSE Sept 19th & 20th

The Grand Opening of Townsend Meadows will be on Saturday September the 19th at 2 o'clock. We will be having Open House from 1 - 3 on Sat and Sunday, the 19th and 20th of September. If you are thinking of moving to the area this is a great time to come and see the new Development at Townsend Meadows in Forest.

Price Reduced on Lakeside Cottage

We have just reduced the price of this 3 bedroom cottage in the Greystone subdivision by $10,000! With only a short walk to a great sandy beach this 35 year old cottage features a 71' x 210' lot, pine walls, bunkie, and comes fully furnished. Great time to invest in your summer fun, get ready for next year.

August Home Sales Stabalizing

The London St. Thomas Association of Realtors just released their Sales report for Aug. and 747 homes exchanged hands, just a 2% decrease from Aug. of last year. With 600 detached homes being sold, there was only a 1.2% decrease from last Aug. sales.
The number of sales and the average price is stabilizing, with the average price up .3% and the slight decrease in number of sales. "Home buyers recognize that interest rates and prices have bottomed out and are taking advantage of the excellent affordability", says CREA President Dale Ripplinger.