Friday, June 7, 2019

Local real estate market shows signs of stabilization in May


 
London and St. Thomas Association of REALTORS® (LSTAR) announced 1,146 homes exchanged hands last month in its jurisdiction, 1% less than in May 2018 and 26% down from May 2017, which was a record-setting month - with 1,549 homes sold. The number of active listings for the same area sat at 1,855 in May, with most LSTAR regions seeing year-over-year increases, with the exception of London East and St. Thomas, where this number decreased.

"Some of the May figures show signs of market stabilization, with London North, Elgin County and Middlesex County entering a more balanced territory," said Earl Taylor, 2019 LSTAR President.

According to reports by the Canadian Real Estate Association (CREA), last month, in London, the median number of days spent on market by the London residential properties was eight. In Elgin County, the median number of days on market was 22, in Middlesex County - 15, while in St. Thomas and Strathroy was 13. "This proves how dynamic the London real estate market is in comparison with its neighbouring regions," Taylor emphasized.

Overall, the average home price in the Association's jurisdiction was $414,878. This represents a slight decrease from April 2019, but it's 13.3% up over May 2018.

Area
May Average Sale Price
Elgin County
$345,783
London
$423,470
Middlesex County
$487,421
St. Thomas
$363,947
Strathroy
$364,580
LSTAR
$414,878

Friday, May 31, 2019

June Newsletter ~ The PEDLAR Team Update

Welcome To June Everyone


May was quite the month of weather with a lot of rainy and cold days. Our area experienced some serious water issues especially in Forest where they say four inches of rain come down in two hours. This made for a very unfortunate situation for many residents in Forest that were affected by high water levels. Also there was a video going around of the water falls at Rock Glen in Arkona. The water fall is usually a trickle and after the sudden rain over night this past weekend they looked like a miniature version of the Niagara Falls.

Here is to hoping for some warmer weather in June!!


Bank Of Canada Done Raising Rates Until End of 2020 With 40% Chance Of Cut


Very exciting news coming from Bank of Canada as they are done raising interest rates until end of 2020. Not just that but they may consider interest rate cuts before that time as well. For the full article from 'Financial Post' click the link below.

Click the link: https://business.financialpost.com/news/economy/poll-bank-of-canada-done-raising-rates-40-chance-of-cut-by-end-2020?fbclid=IwAR3EFsTtu180vxsOJqq1GRa_XYG_Bmm3iEu2HRRroIarMEnJqVtzBlz73S8


Beach Safety


If your looking for beach safety around Lambton Shores please click the link below. This link will open to a great online resource offered by the municipality explaining when lifeguards are on duty, what the different flags/signs mean at the beach and so much more.

Click the link: https://www.lambtonshores.ca/en/explore-and-play/beach-safety.aspx?fbclid=IwAR2kvYGksT-P46Rf7utmPuWTi5Xsdr9jV9eNxMygYev6kx2Fivcp_8SvnhE


This Summer Is Shaping Up
To Be The Best One Yet


For the first time ever we have had a record number of beaches and marinas receive the 'Blue Flag' distinction across our country. Twenty eight beaches and twelve marinas were certified. This being the most in Canada's 15 year history with the program. The 'Blue Flag' program is an international stamp of approval setting the gold standard for water quality, environmental management, education, safety & amenities.

Lucky for us in Lambton Shores we are home to two 'Blue Flag' marinas in Grand Bend & Port Franks. We are also home to a 'Blue Flag' Beach at the Grand Bend main beach. Make sure to take advantage of these superior locations for making your summer go off without a hitch. Another notable spot is the Bayfield Marina that received a 'Blue Flag' designation.

See where they all are in Canada at the link below.

Click the link: https://www.lambtonshores.ca/en/explore-and-play/beach-safety.aspx?fbclid=IwAR2kvYGksT-P46Rf7utmPuWTi5Xsdr9jV9eNxMygYev6kx2Fivcp_8SvnhE
 


2018 Partnership Report
RE/MAX & Children's Miracle Network


With every seller and buyer The PEDLAR Team donates a portion to the Children's Miracle Network. Since 1992, Re/Max Agents across Canada have donated over $70 million to the Children's Miracle Network. Here below is a picture with our donation cheque for 2016 ... we never got around to snapping a picture for our past couple years donations. To read more about the program click the link below.

Click the link: http://blog.bestagent.ca/how-remax-agents-make-miracles-happen-for-cmn-2018-partnership-report/?utm_campaign=OA%20Newsletters&utm_source=hs_email&utm_medium=email&utm_content=72904088&_hsenc=p2ANqtz--UVChuUDmeXDM3x-rNBZ-xTqXNMq3Nxhycfm1Mgb4NGi_gsDlKGBj9HPidtv3Y5cwvYot7rjegfsU4c7WHLZSjWUdbLQ&_hsmi=72904088
 


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.

Huron Woods & Grand Cove Estates Yard Sales
June 1st   8 am - Noon - Yard Sale Galore

Get out tomorrow and see what hidden treasures you can find!
Yard sales throughout Huron Woods (Over 30 homes) and at Grand Cove Estates

Model Airplane Jet Flying Show
June 7th, 8th & 9th -   9 am - 3 pm

The Forest lakeside flyers airplane club is hosting a jet flying show at their club field on Proof Line. Bring a chair and sunscreen to enjoy the action. $5.00 donation for each vehicle is appreciated.

Beachfest 2019 - Grand Bend Main Beach
June 22nd    Noon - 10 pm

The Grand Bend Optimist Club will host the 3rd Annual Beachfest on Saturday, June 22 at Grand Bend's main beach from 12pm until 10pm. Enjoy samplings of craft beer, cider, wine and food available to purchase at the event as well as live music on the Grand Bend Rotary Community Stage. Tickets are $20 in advance; $25 at the door.

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.
 
Richmond Lane
Port Franks
On Old Mouth Lake
Steps To Lake Huron
Totally Renovated
$549,000
Southcott Pines
Sprawling Ranch
Open Concept
Attached Double Garage
5 Beds 4 Bath
$759,900
Lieury Road
Rural Property
1.7 Acres
Two Large Sheds
3 Beds 1 Bath
$399,900
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
 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