Tuesday, November 17, 2020

Thursday, November 5, 2020

LSTAR's Streak of Record Home Sales Continues in October

Last month, the local real estate market continued its streak of record sales and prices. 917 homes were sold in October in the London and St. Thomas Association of REALTORS®' jurisdiction, while the overall average price for LSTAR climbed to $526,848.

"The 917 residential transactions that took place in our jurisdiction represent the highest number of sales for the month of October since 1978, when the Association started tracking data," said LSTAR 2020 President Blair Campbell. "Out of these transactions, 690 happened within the City of London, which had its best October for home sales, as well," he added.

"The combination between the historically low interest rates and the 'working-from-home' trend has generated an extraordinary demand in a housing market with a very limited supply, which pushed the average home prices to record highs across the region," Campbell stated.

The following table shows last month's average home prices by area and how they compare to the values recorded at the end of October 2019.

Area

October 2020 Average Sale Price

Change over October 2019

Elgin County

$457,625

↑ 13.7%

London

$530,006

↑ 28.5%

Middlesex County

$728,590

↑ 56.2%

St. Thomas

$438,276

↑ 27.5%

Strathroy

$531,498

↑ 8.2%

LSTAR

$526,848

↑ 27.5%

"Comparing these figures with last month's numbers, one will notice a big jump in the average price for Middlesex County between September and October 2020. The difference is largely explained by a handful of high-end sales in October. This example demonstrates perfectly why average prices are not the most reliable indicators of price trends. And this is exactly why LSTAR has decided to adopt and include The Canadian Real Estate Association's Home Price Index and benchmark price in its reports," Campbell says.

In October 2020, the Aggregate Composite Benchmark price for the entire London-St. Thomas area was $463,300, up 2.2% over the previous month and 112.2% from five years ago.

Wednesday, November 4, 2020

November Newsletter ~ The PEDLAR Team Update

 


November Is Upon Us

 

Hope everyone made it safely through this past weekend with the wild weather we were exposed to. We saw our first glimpse of snow and a new meaning for gales of November. It was reported that we had a ten foot surge in the Lake which wrecked havoc along the coastline. We attached a link to the london news articles that have some photos and video of the damage along the coastline.

The market remains very active with limited inventory of listings and a surplus of buyers. Give us a call today for a discussion on the price of your home in the area!

We hope everyone has a great day and thank you for taking the time to read our monthly newsletter.

Please find below a London Free Press link and London CTV News for storm coverage from past weekend: 

https://lfpress.com/news/local-news/photos-gales-of-november-come-slashing-into-grand-bend

https://london.ctvnews.ca/storm-surge-causes-flooding-damage-in-grand-bend-1.5170610


Ausable-Port Franks Optimist Club
Connecting & Learning Remotely

 

Something cool in the volunteer world of trying to reach out to our community! The Ausable-Port Franks Optimist Club has revamped their website and added an awesome part to the website which allows for our virtual learners to connect and learn remotely. Parents can use this wonderful list of resources in many different ways. All the links are verified educational links and are separated by grade so your not wasting your time figuring out a good option for your child.

You have to go take a look and see what it is all about. It has great purpose for those parents with kids themselves to keep them occupied at night or day for some fun e-learning. Also has great potential for the grandparents to enjoy with their grandkids. Please pass the website along as it is FREE for everyone and all ONLINE. 

Click this link to go straight to the 'Connecting & Learning Remotely' page on the Ausable-Port Franks Optimist Club website: https://www.ausableportfranksoptimist.club/connecting-and-learning-remotely.html

Or click this link to go to the Ausable-Port Franks Optimist Club home page where you can stay up to date on all the action going on with the club: https://www.ausableportfranksoptimist.club/


Bus Routes Connecting Grand Bend & Area
To London & Sarnia

 

Very exciting for the area to have a way for our population that doesn't drive to be able to easily go places for cheap & to attract our younger summer workforce. This article was published September 22, 2020 by The Sarnia Observer.

Lambton Shores is just a few steps away from launching a bus route that would connect Grand Bend to London and Sarnia.

The Huron Shores Area Transit project is in its final stages, now seeking signatures of support from area residents to complete a licensing process. If approved, the buses would start running in late October.

The Sarnia to Grand Bend route would include stops in Forest, Kettle Point and Port Franks. The line from Grand Bend to London would have stops in Dashwood, Exeter and Lucan.

Additional routes would connect to Bayfield and to Parkhill and Ailsa Craig.

Exact bus stop locations are still being finalized.

“It is quite a huge space and area to work with,” said Marina Cajic, transit co-ordinator with the Municipality of Lambton Shores. “We’re just figuring out how to best do it.”

The municipality has signed on with Voyago, a common bus service provider in many of the region’s rural areas.

Read the full article from The Sarnia Observer by clicking the link: https://www.theobserver.ca/news/local-news/lambton-shores-revs-engine-for-bus-routes-out-of-grand-bend/wcm/562e69e0-a221-4ef1-b010-b93e94b8232d?fbclid=IwAR04GzHUM28JjLZmI6o1aww-tHtk7sKVE-e5PFVMlwFCbxKQ79zLQ6_NR3c


Townsend Meadows Development In Forest
Phase 3 Is Moving Forward For 2021 With
Only 1 Unit Remaining In Phase 2


Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns.

Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you.

Click the link: https://www.townsendmeadows.com/

Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/


Lambton County & Huron County
Business Map

 

A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county. 

Lambton County: http://www.shoplambton.ca

Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f


Shoreline ToGo

 

Order food for takeout or delivery from the restaurants you love in Arkona, Bayfield, Blyth, Exeter, Forest, Grand Bend, Hensall, Kettle & Stony Point, Ipperwash, Northville, Parkhill, Port Franks, Thedford and Zurich! Many of our restaurants are OPEN and LOOKING for your business. This is a great way to see what is open in our area. Support local during these times so we can enjoy them to their fullest when COVID restrictions are eased.

Click the link to view full report: http://shorelinetogo.ca/?fbclid=IwAR3pjTjkAPR95yCpMqhcNvrEzHPkMrneLdpBrT-_UO2WCcd5kp73Zpwe7S8
 


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
 

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. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!
 
Kettle Point Lakefront
Nicely Updated
Incredible Views
Leased Land
2 Bdrms   1 Bath

$245,000
Southcott Pines Lakefront
70' Of Lake Frontage
Updated Interior/Exterior
Two Lakeside Decks
4 Beds 2 Bath

$1,899,000
New Build For Early 2021
Nicholson Builders
1,723 Sq Ft Main Floor
Double Attached Garage
4 Beds 3 Bath

$719,000
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
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 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

Wednesday, October 7, 2020

LSTAR September Home Sales Set New Record

 The London and St. Thomas Association of REALTORS® (LSTAR) announced September achieved a record for residential sales, with 960 homes exchanging hands, up 25% compared to the same time a year ago. This represents the best results ever for September since the Association began tracking data in 1978.

"The strong momentum experienced during the summer months continued through September," said 2020 LSTAR President Blair Campbell. "Similar to many other housing markets across Canada, many are still playing catch up from the COVID-19 lockdown we had during the spring."

The average home sales price across the region also reached a new peak of $521,883, up 28% over September 2019 and up more than 98% compared to the same time five years ago.

"Each of the five major areas in LSTAR's jurisdiction posted gains, led by Middlesex with average sales price of $575,785,"Campbell said. "Again, it's important to note this figure encompasses all housing types, from a 2-storey single detached home to a high-rise apartment condominium."

The following table shows last month's average home prices by area and how they compare to the values recorded at the end of September 2019.

Area

September 2020 Average Sale Price

Change over September 2019

Elgin County

$498,098

↑ 17.6%

London

$527,414

↑ 30.1%

Middlesex County

$575,785

↑ 18.1% 

St. Thomas

$433,504

↑ 26.7%

Strathroy

$526,614

↑ 14.0%

LSTAR

$521,883

↑ 28.0%

Taking a closer look at the region's geography, London North achieved a new peak in average sales price, at $613,755, up 28.3% compared to the same time a year ago. It's the first time the average sales price in London North has surpassed $600,000.

Monday, October 5, 2020

October Newsletter ~ The PEDLAR Team Update

 

Welcome To Fall


We hope all the families are adjusting as good as can be to the new normal for our kids of the area heading back to school. Our thoughts are with the teachers and students alike as they adjust to a new normal.

This weather has certainly made it feel like Fall very quick. We are seeing the decorations change on homes from summer to fall. That doesn't mean Grand Bend is closed down as many stores and restaurants stay open till Thanksgiving or later.

Fall is a beautiful time around the natural paradise we live in as the leaves change all different colours. This time of year attracts a lot of visitors to the Pinery Park to view the spectacle along the Old Ausable River that runs through the Pinery.

The market remains hot in our area and across most of southwestern Ontario. It is a great time to sell!

Call The PEDLAR Team today if you are thinking of buying or selling and we will get you all the info you need to be prepared.
 


How much will it cost to buy a house?

 

You’ve likely heard people lauding the benefits of home ownership. Canadian real estate has historically seen solid long-term gains, which bodes well for existing home owners and those who plan to buy and keep the place for the long term. Other benefits of owning a home – a roof over your head, a place to plant roots, pride of ownership, retirement plan, the list is long and varied. However, as with all investments, there is that initial cost of owning a house in Canada, and unlike other investment vehicles, a home comes with ongoing costs as well. So, down to the nitty-gritty: How much will it cost to buy a house? The price of the home and the services associated with the purchase are all relative to the type of property, its age/condition and location, so do your research to ensure it remains a good investment. A real estate agent can outline what you can expect to pay, and maybe some unexpected expenses as well. In the meantime, here’s a list to factor into your budget.

- Deposit
- Down Payment
- Land Transfer Tax
- Appraisal Fee
- Home Inspection
- Property Insurance
- Mortgage Insurance
- Lawyer Fees
- Title Insurance
- Property Taxes
- Maintenance & Energy Costs
- Moving Expenses

Click the link to read the full article: https://blog.remax.ca/much-will-cost-buy-house/


Townsend Meadows Development In Forest
Phase 3 Is Moving Forward For 2021 With
Only 1 Unit Remaining In Phase 2


Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns.

Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you.

Click the link: https://www.townsendmeadows.com/

Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/


Lambton County & Huron County
Business Map

 

A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county. 

Lambton County: http://www.shoplambton.ca

Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f


Shoreline ToGo

 

Order food for takeout or delivery from the restaurants you love in Arkona, Bayfield, Blyth, Exeter, Forest, Grand Bend, Hensall, Kettle & Stony Point, Ipperwash, Northville, Parkhill, Port Franks, Thedford and Zurich! Many of our restaurants are OPEN and LOOKING for your business. This is a great way to see what is open in our area. Support local during these times so we can enjoy them to their fullest when COVID restrictions are eased.

Click the link to view full report: http://shorelinetogo.ca/?fbclid=IwAR3pjTjkAPR95yCpMqhcNvrEzHPkMrneLdpBrT-_UO2WCcd5kp73Zpwe7S8
 


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
 

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.
 
Goosemarsh Estates
1 Acre Vacant Lots
Beautifully Treed
Build A Home In Nature
Only 3 Lots Left!

$125,000 +HST
Southcott Pines Lakefront
70' Of Lake Frontage
Updated Interior/Exterior
Two Lakeside Decks
4 Beds 2 Bath
$1,899,000
New Build For Early 2021
Nicholson Builders
1,723 Sq Ft Main Floor
Double Attached Garage
4 Beds 3 Bath
$719,000
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
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 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

Thursday, September 10, 2020

LSTAR's News Release for July 2020

 


LSTAR Home Sales Set New Monthly Record

LSTAR home sales set a new record in July, with 1,275 homes exchanging hands throughout the month in the Association's jurisdiction.

"This was not only the best July for LSTAR, but also for London, which saw 856 residential real estate transactions, a number that is way above the values typically recorded during this summer month," said 2020 LSTAR President Blair Campbell.

Overall, there were 1,408 new listings last month, on par with the 10-year average, but the inventory decreased to 1.1 months - its lowest value in the last decade.

"Now, the sales-to-new listings ratio for our entire area is a whopping 90.6%, a figure that clearly indicates a Sellers' Market," observed Campbell. "Even more so in London, where this ratio reached 92% last month," he added.

"These leaps in statistical values might sound unbelievable, especially now, in the middle of the COVID-19 pandemic. But they can be explained, if one takes into account the strength of local real estate market at the beginning of this year and the pent-up demand created during the lock down months," Campbell emphasized.

The overall average home price increased to $484,884 in July, an increase of 19.6% over a year ago. This average sales price includes all housing types - from single detached homes to high-rise apartment condominiums. All five major areas across LSTAR's region witnessed gains in their average home sales price.

According to a report by the Canadian Real Estate Association, last month, in London, the median number of days that a home was on the market was 10 - down from 14 days in July 2019.


Tuesday, September 1, 2020