Wednesday, December 2, 2009

Homes Sales for November still improving!

Last month, 584 homes exchanged hands in the jurisdiction of the London and St. Thomas Association of REALTORS®(LSTAR), a 51.3-per-cent increase over November 2008. However, November 2008 had an unusually low sales volume of 386, compared to 654 in 2007, 616 in 2006, 645 in 2005, etc. This anomaly explains the large percentage increase for November 2009. Year to date, sales are down 5.5 per cent overall compared to 2008. The average price for homes in LSTAR’s jurisdiction was $214,385, up slightly over last month. With the weather still holding out and the snow keeping away, sales here in the Grand Bend area have been brisk as well.

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