Home sales remain steady in December

London and St. Thomas Association of REALTORS® (LSTAR) announced 439 homes were sold in December, up 2.1% over December 2017 and right on par with the 10-year average. The number of home resales for the year was 9,799, down 13.3% compared to 2017, which set a record year for residential real estate.

"One of the trends that stood out in December was the sales-to-new listings ratio, which was 108.1% across the region," said Jeff Nethercott, 2018 LSTAR President. "It's a statistic the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers (a ratio between 40% and 60% is generally consistent with a balanced market). In London, the sales-to-new listings ratio was 119.7%, while in St. Thomas it was 100.0%."

December also saw average home sales price make steady gains in LSTAR's jurisdiction. In London, the average sales price was $375,782, up 13.4% from last December.

"Overall, it was a very solid year for home resales in London and St. Thomas," Nethercott said." The activity in 2018 performed well above the 10-year average, despite the record low inventory levels seen in the marketplace the entire year. As we kick off 2019, I believe home sales will continue to be strong and be a driving force to the local economy."

74836 Dr.George Smith Avenue, Bluewater

January Newsletter ~ The PEDLAR Team Update

Happy New Year & Welcome to 2019 We hope everyone enjoyed their holidays over Christmas and New Years. Now it is back to reality and some are just getting back to work this week so good luck to everyone going back to work. The PEDLAR Team hopes everyone has a fantastic 2019!! We are happy to help anybody looking to buy or sell in this new year!! RE/MAX 2019 Housing Market Outlook Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average sales price to increase by 1.7 per cent. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average sales price that many markets experienced in 2017. However, there continue to be some outliers in 2018 average sales price gains, particularly in areas outside of the main city centres, such as Chilliwack (+ 13%), Windsor (+13%), London (+17%) and Charlottetown (+11%). It is anticipated that the market will continue to stabilize, as Canadians will start to feel the pinch of higher interest rates as they move forward with their home-buying plans in 2019. A recent survey revealed almost one-third (31 per cent) of Canadians said higher interest rates have not affected their ability to get an affordable mortgage thus far. Read the full article by clicking the link: https://blog.remax.ca/2019-remax-housing-market-outlook/#1544030308670-7225c5bf-5a2a Stay Informed With Grand Bend's Bridge Project Be informed about what is going on with the bridge project by checking out lambton shores capital projects page and find links to all the important information for the public. Find link below to website. Capital Plan addresses the annual rehabilitation requirements for the Municipality's various operations, structures, roadways and infrastructure. Infrastructure planning is an on-going and complex process requiring the coordination and efforts of a wide range of staff. Capital projects support growth, maintain and upgrade existing systems. The Community Services Department has recently undertaken various Master Plan studies to assist in the decision making process. Click link to be redirected to Lambton Shores web page: https://www.lambtonshores.ca/en/invest-and-build/capital-projects.aspx?fbclid=IwAR2A_Yc1SozYI9c0swrtiyjIhmW8sa4dXVCUfZobiqALz-P2hCTufk_AYr4#Class-Environmental-Assessment-to-Address-Congestion-Along-the-Ontario-Street-Corridor---Grand-Bend- What's Going On In Lambton Shores in January It's always good to know what is going on in our exciting municipality of Lambton Shores. This month there is exciting hockey to watch over in thedford and Forest as teams from around North America come to the area to compete in the International Silver Stick Tournament. Peewee and Midget divisions play on January 11th-13th weekend. Atom and Bantam divisions play January 25th-27th. Another notable event happening in Lambton Shores this month is the 7th Annual Forest Film Festival on January 23rd. Stay up to date on events happening in Lambton Shores by visiting the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month  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.

Forest Bungalow Fully Renovated Very Efficient Home Attached Single Garage Full Finished Basement 3 Beds 1+1 Bath $279,900 Huron Woods Executive Home Backing Onto Pinery Park ICF Construction In-Floor Heating Throughout 5+1 Beds 3+1 Bath $1,150,000 Downtown Grand Bend Built In 2008 Backyard Oasis Full Finished Basement 3 Beds 2+1 Bath $499,900

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

19 Jefferson Street W, Forest

LSTAR's News Release for November 2018

Strong Home Sales Continue in November

London and St. Thomas Association of REALTORS® (LSTAR) announced 746 homes were sold in November, up 6.7% over November 2017. The number of home resales was the second highest total ever for November since LSTAR began tracking data in 1978. November 2016 holds the record with 749 home resales, only three more than November 2018.

"In November, we saw more positive signs with new listings in the marketplace, which contributed to the robust sales activity," said Jeff Nethercott, 2018 LSTAR President. "November had 898 new listings, an increase of 17.5% over the same month last year.

Average sales price also made steady gains in the major geographic areas in London. In London North, the average sales price was $482,202, up 24.4% from last November and up 62.4% compared to the same month five years ago. It’s an increase of 98.7% compared to the average sales price in 2008.

"Similar to October, we saw inventory (what is called active listings) making slight gains, despite the overall record low inventory that dominated our marketplace this year," Nethercott said. "Last month, LSTAR's jurisdiction had 1,391 active listings, up 7.6% from November 2017. The sales-to-new listings ratio was 83.1%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers (a ratio between 40% and 60% is generally consistent with a balanced market).

89 Ontario Street, Thedford

December Newsletter - The PEDLAR Team Update

Happy Holidays & Merry Christmas December is here and that means Christmas is right around the corner. With the holidays come lots of time with family and friends. We would like to give a big thank you to all those that made 2018 one of our best years yet! Please be safe on the roads over the holidays and please don't drink and drive. Merry Christmas from The PEDLAR Team. Exciting News From Mark and Robyn Mark and Robyn Pedlar are going to be busy with twins expected to come in March! They had there gender reveal party this past week and Mark is going to be enjoying a house full of girls! Chloe, now almost 2 years old, will have two new sisters in March!                                  Concerns About Canadian Market That Experts Say Not To Worry About Here we have a great article written by Sarah Nledoba that discusses concerns about the Canadian market that experts say not to worry about. 1) Household debt is high - but it's going down 2) Foreign buyers aren’t as big a factor as you might think 3) Dependence on alternative lenders is still under control The article goes on to discuss how the Canadian market is in a secure position and “The Canadian system seems likely to be ready for prospective challenges, even if the economy softens here or abroad,” reads the report. Read the full article by clicking the link: https://www.livabl.com/2018/11/3-concerns-canadian-housing-market-experts-say-arent-worth-worrying-yet.html?fbclid=IwAR2jUoQipIoEnBy8JLEEB6XEcxHmvd9n70Jij17DZPP2R5aCPi2hXO5s5Gk Aunt Gussies - Muffins For Jessica's House You buy a dozen muffins in 2018 from Aunt Gussies and they will donate a dozen in 2019 to Jessica's House in Huron County. Jessica's House is a hospice for families to be with their loved ones in a comfortable setting close to home.They are up to 10 dozen so far AND the patients can eat these too (made in commercial kitchen & healthy). Contact Aunt Gussies and get your muffin orders in to support a great local cause. 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. Pinedale Subdivision Open Concept Bungalow Lower Level Walkout Large Wrap Around Deck Detached Double Garage $479,900 Southcott Pines Executive Retreat Oke Woodsmith Redesigned Cobble Stone Design Landscaping 4+1 Beds 2 Bath $769,000 Downtown Grand Bend Built In 2008 3 Beds 3 Bath Backyard Oasis Full Finished Basement $519,000 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 Copyright © 2017 RE/MAX Bluewater Realty Inc., All rights reserved. RE/MAX Bluewater Realty Inc. 1-519-238-5700 46 Ontario Street South Grand Bend, Ontario Want to change how you receive these emails? You can update your preferences or unsubscribe from this list