Monday, December 17, 2018

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).

Monday, December 3, 2018

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:

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
Southcott Pines
Executive Retreat
Oke Woodsmith Redesigned
Cobble Stone Design Landscaping
4+1 Beds 2 Bath
Grand Bend
Built In 2008
3 Beds 3 Bath
Backyard Oasis
Full Finished Basement
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 
Copyright © 2017 RE/MAX Bluewater Realty Inc., All rights reserved.

RE/MAX Bluewater Realty Inc.
46 Ontario Street South
Grand Bend, Ontario

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