Wednesday, July 8, 2020

Home Sales Rebound in June



After two consecutive months of sharp declines caused by the COVID-19 pandemic, local home sales saw a strong rebound in June. The London and St. Thomas Association of REALTORS reported that 1,188 homes exchanged hands last month in its jurisdiction, up 13.8% from June 2019 and 11.7% more than two years ago.
"In fact, this makes last month the second best June for home sales since LSTAR began tracking data, back in 1978," pointed out Blair Campbell, 2020 LSTAR President. "In all LSTAR's main regions, June's volume of residential real estate transactions was absolutely remarkable: Middlesex County and Strathroy had their best June ever, with 99 and 39 home sales respectively; St. Thomas and Elgin County recorded their second best June, with 97 and 77 home sales respectively; and London's 748 home sales were right on par with the five-year average," he added.
Overall, the number of listings increased in June to 1,513, up 3.4% over June 2019, but the inventory - the number of active listings at month end - decreased to 1.3 months of inventory, its lowest value in the last ten years.
"The 78.5% sales-to-new listings ratio recorded last month demonstrates, once again, how firmly anchored our market is in Sellers' territory," Campbell explained.
"These figures might sound incredible, with all the social distancing rules and the open house prohibition in place. But, in reality, they show how desirable the properties in our area are and how quickly our Members embraced new technologies to serve their clients," Campbell emphasized.
The overall average home price rose to $473,998 in June, an increase of 17.8% 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. The following table illustrates last month's average home prices by area and how they compare to the values recorded at the end of June 2019.
Area
June 2020 Average Sale Price
Change over June 2019
Elgin County
$445,220
↑ 32.6%
London
$486,372
↑19.3%
Middlesex County
$547,444
↑ 9.8 %  
St. Thomas
$382,862
↑ 8.5%
Strathroy
$425,277
↑ 14.7%
LSTAR
$473,998
↑ 17.8%

SOLD In Lambton Shores ~ Lakefront In Ipperwash

Monday, July 6, 2020

July Newsletter ~ The PEDLAR Team Update


Summer Is Here!


We are a little late with this monthly update but we did it this way so we could say we hope you had a fantastic Canada Day or July 4th celebrations! Grand Bend traffic has certainly picked up as tourists flock to our beautiful town and sandy shores of Lake Huron. We have been very lucky with the weather lately so we hope everyone has been able to enjoy a slice of it. Beaches are still open and appears most people are trying their best to social distance so this is great news. We hope everyone can keep up the good work and continue to social distance so our beach stays open! Our local restaurants have done an amazing job at working around the restrictions imposed on them by the government. Make sure to support our local businesses during these tough times so that we can see them come back stronger than ever next year! Be kind to those working at the various establishments as it is just as uncomfortable for them as it is for you and this is all new to everybody.

Doug and Garrett went just north of Grand Bend yesterday to pick up a growler from Bad Apple Brewery Company Ltd. We couldn't resist a fresh cold one while we there to drink in the orchard under some shade. They are just another one of the great businesses we are so lucky to have around. Find Doug below out at Bad Apple Brewery.

You also may have seen the RE/MAX balloon this weekend! We will have to wait to invite everyone out for another BBQ and tethered balloon ride due to COVID. The pilot is going to bring it down a few times this summer just to tether the balloon and bring a smile to your day as not everyone gets to see these balloons on the ground. We look forward to being able to invite everyone out for a day next summer with the balloon.

Hope you all have a great Monday and remember that we are never far from our phones if you have a question about real estate in the area.
 


How Much Will It Cost To Buy A House?

 
RE/MAX published a great article regarding all the costs of buying a home. The article goes into detail and breaks down the process so click the link below.

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.

Click the link to continue reading: https://blog.remax.ca/much-will-cost-buy-house/


Townsend Meadows Development
In Forest - PHASE 2 Has Started &
10 Units Are Already SOLD With
ONLY ONE Unit Remaining For Sale


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.
 
Ipperwash Lakefront
67' Of Frontage
Multiple Buildings
Double Attached Carport
Sandy Shoreline

SOLD
Durand Lakefront
75' Of Lake Frontage
Built In 2011
4,100 Sq Ft Finished
3 Beds 3 Bath
SOLD
Port Franks
Totally Updated in 2005
Double Heated Garage
Backyard Oasis
3 Beds 2 Bath
Under Contract
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

Saturday, June 6, 2020

May Sees an Uptick in Sales, Listings and Prices



The London and St. Thomas Association of REALTORS® announced that 668 homes exchanged hands last month in its jurisdiction, down 41.6% from May 2019 and 26.3% less than in May 2010. The number of LSTAR's listings was 973 in May, which represents a 42.3% decrease from a year ago and 41.5% from ten years ago.
"Even though the total number of residential transactions remained well below the 10-year average, in May, we saw notable month-over-month increases: 42.4% in home sales and 31.8% in listings, which we find very encouraging," said Blair Campbell, 2020 LSTAR President. "In addition, when looking at the year-over-year percentage changes, one can notice that the decrease in home sales is directly proportional to the one in listings, which means that the ratio between supply and demand is almost unchanged," he added.
"Despite the new social distancing rules, the open house prohibition and the lay-offs caused by COVID-19, the local real estate market succeeded in staying in Sellers' territory, which speaks to the strength of its fundamentals," Campbell emphasized.
The overall average home price saw an increase of 7.4% over a year ago, rising to $445,732 in May. This average sales price includes all housing types - from single detached homes to high-rise apartment condominiums. All the five major areas of LSTAR's region witnessed increases in their average home sales price. The following table illustrates last month's average home prices by area and how they compare to the values recorded at the end of May 2019.
Area
May 2020 Average Sale Price
Change over May 2019
Elgin County
$396,754
↑ 14.7%
London
$450,114
↑ 6.2%
Middlesex County
$550,902
↑ 13.0%
St. Thomas
$370,182
↑ 1.7%
Strathroy
$425,749
↑ 16.8%
LSTAR
$445,732
↑ 7.4%
"Looking at London's three main geographic areas, London South saw the highest number of home sales last month, while London East saw the biggest price gain compared to May 2019," Campbell said.
The average home price in London East was $365,261, up 8.4% from the same time last year, while in London North increased 7.7% over the same period to $531,626. In London South, which also includes data from the west of the City, the average home price was $462,334, up 6.5% over May 2019. St. Thomas saw an average price of $370,182, an increase of 1.7% from last May.
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 14 - up from 9 days in May 2019. As compared to a year ago, in Elgin County, the median number of days spent by a home on the market was 17 - down from 26; in Middlesex County it was 22 - up from 17; in Strathroy was 19, up from 14; and in St. Thomas it was 12 days - exactly the same as in May 2019.

Monday, June 1, 2020

June Newsletter ~ The PEDLAR Team Update


We Made It To June!


The PEDLAR Team wants to send health and safety to your family during these peculiar times. A round of applause goes out to the front line workers in the health care system! Another round of applause goes out to those who make it possible for our grocery store shelves to be stocked. From the truck driver to the person working the cash register.

Our office continues to remain closed to the public but we are still very much open for business via phone calls and emails. Thankfully we had many virtual practices in use before the current situation. We can do virtual showings, virtual signatures and virtual appraisals so feel free to give us a call for all your real estate needs. We always say, we are never far from our phones!

We live in an amazing community and as a whole we will get through this together! Stay safe and stay healthy!

We are seeing some positive signs in the real estate market around here as restrictions are eased by the Ontario government and people feel more sense of safety. Call us today if your thinking about buying or selling!

In Grand Bend Region (Port Franks to Bayfield) listings doubled in May compared to April (15 in April and 31 in May). In Grand Bend listings doubled from month to month as well (7 in April and 13 in May). For sales they tripled from month to month. Grand Bend region saw 10 sales in April and 27 sales in May. Along with Grand Bend where we saw 4 sales in April and 11 sales in May. These are positive signs for our local market! Main thing is we are seeing no signs that prices are decreasing and that the buyer pool is slowly coming back!
 

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


Still Having Troubles Being Productive While Working From Home? Check This Out

 
As many people adjust to working from home it can be tough to be productive. We have always had home and business seperate but now they are blend together. Here are 5 simple steps to being more productive while working from home.

1. Find A Secluded Place
2. Stay Organized
3. Dress To Impress
4. Eliminate Distractions
5. Stick To A Schedule

Click the link for full article: https://news.remax.com/5-ways-to-stay-productive-while-working-from-home?sf120164046=1&fbclid=IwAR160bDJn53MHksB4C8sLpWP1sLB0_pqwfB4WkbYylralebF9ZIoSCuWCE8


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.
 
SOLD IN Deer Run
1,322 Sq Ft Bungalow
Full Finished Basement
Double Attached Carport
3 Beds 3 Baths

 
Durand Lakefront
75' Of Lake Frontage
Built In 2011
4,100 Sq Ft Finished
3 Beds 3 Bath
$1,299,000
Port Lambton Riverfront
Totally Updated in 2010
105' Owned River Frontage
Backyard Oasis
3 Beds 3 Bath
$1,999,900
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
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

Saturday, May 2, 2020

May Newsletter ~ The PEDLAR Team Update

We Are Still All In This Together


The PEDLAR Team wants to send health and safety to your family during these peculiar times. A round of applause goes out to the front line workers in the health care system! Another round of applause goes out to those who make it possible for our grocery store shelves to be stocked. From the truck driver to the person working the cash register.

Our office continues to remain closed to the public but we are still very much open for business via phone calls and emails. Thankfully we had many virtual practices in use before the current situation. We can do virtual showings, virtual signatures and virtual appraisals so feel free to give us a call for all your real estate needs. We always say, we are never far from our phones!

We live in an amazing community and as a whole we will get through this together! Stay safe and stay healthy!
 

RE/MAX 2020 Liveability Report

While Canadians from coast to coast to coast isolate themselves from the many local enjoyments they derived from their neighbourhoods prior to COVID-19, their genuine love for their local community offers many glimmers of hope in the months ahead. In our newest report, RE/MAX explores some of Canada’s best places to live, and what makes them so.

The RE/MAX 2020 RE/MAX Liveability Report explores all the qualities that make a neighbourhood “liveable,” such as access to green space, retail, transit, entertainment and more, and ranks 300+ of Canada’s Most Liveable Neighbourhoods.
Click the link to view full report: https://blog.remax.ca/canada-liveability-report/#101947166
 

Housing Prices In Canada
Immune To COVID-19

The experts are not in total agreement but you have both sides of the housing market predictions in this article. Some experts at TD and other reputable companies projecting a surge in home sales once COVID health concerns grow smaller. Other experts suggesting forced sales and others will have a negative impact on sale prices.

Looking at past financial hardships and their impact on our local market we can create an idea for future predictions for our particular area. 2008 recession saw a levelling of our home prices and we saw slower growth in sale prices for a year or so. This is what we expect to happen once COVID restrictions are lifted. There will be a period before both buyers and sellers are comfortable in the process again and during that period we expect to see a levelling off of prices.

As many may think this is a buyers market amongst the COVID restrictions. The other side of that coin is that many sellers are not putting their homes on the market which creates a smaller pool of homes to buy for the smaller pool of buyers. We forecast a strong housing market once the confidence is back in the economy.
Click the link to view full report: https://www.huffingtonpost.ca/entry/house-price-forecast-canada_ca_5ea9e48dc5b633a85444a507?fbclid=IwAR0dX981LmuwEkq0GaFE5mCIvUg3UhCeuZeaisOHLdVhvjeZxkD-xsZk1q4
 

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
 

Toronto Zoo Goes Online

With schools closed and most families stuck at home, why not take a virtual trip to the Toronto Zoo? Although the zoo is closed to visitors due to COVID-19, staff are still working hard to make sure all the animals stay happy and healthy. Every day at 1 p.m. they'll bring the zoo to you through Facebook live sessions with staff, keepers and– of course, the animals.
If you’re looking for educational content for younger animal-lovers, the zoo has partnered with Exploring By The Seat Of Your Pants to host live streams every Tuesday and Thursday at 11 am. It’s a virtual learning program that includes additional resources so kids and families can extend their learning beyond the stream.
Click the link to view full report: https://www.durhamradionews.com/archives/125661?fbclid=IwAR1LS3NT_87K37kpRrOCSntHy4gwspGSkHLqnshvhQKMPKnC6rYJ_7q4H24


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.
 
SOLD IN Ipperwash
Fully Updated Home
Seconds From The Beach
Detached Garage/Shop
3 Beds 1.5 Baths

 
Highlands II
Desirable Subdivision
Just North of Grand Bend
Updated Cottage
3 Beds 1 Bath
UNDER CONTRACT
Walden North
Newer Custom Built Home
Roof Top Patio
3 Beds 2.5 Bath
Full Unfinished Basement
8KM South of Grand Bend
UNDER CONTRACT
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