MARKET WATCH OCOBER 4, 2011
Real Estate Corner…
London and St. Thomas Realtors Association
Single Family (increase year to year) LSTAR October 4, 2011
|
Area
|
Condo
|
Bungalow
|
2-storey
|
Ranch
|
Townhouse
|
Detached
|
|
North increase
|
211,662
2.9%
|
$223,683
0.6%
|
342,964
3.1%
|
333,844
2.6%
|
192,686
1.2%
|
$304,484
1.1%
|
|
South
increase
|
$153,840
2.2%
|
206,714
3%
|
321,999
-0.1%
|
303,556
6%
|
145,058
2%
|
267,201
-4.3%
|
|
East Increase
|
$173,462
8.2%
|
158,348
3.2%
|
302,767
19.5%
|
185,578
-5.2%
|
128,517
5.8%
|
199,666
0.9%
|
Home sales overall in September 2011 were up 19.2% over the previous year, with 589 detached homes and 113 condos exchanging hands last month for a total of 702 transactions Listings are up 7.7% in September, as was the Association’s inventory of listings -- by 9%. We’re absolutely in a balanced market these days which means a level playing field for both Buyers and Sellers.
Q. What routine home maintenance should be done each year?
A. Don’t feel overwhelmed by the task of regular maintenance. Most of caring for your home is a matter of keeping things clean and free of corroding dust and grime. Read the label on the cleaning product to make sure it is safe for the surface you are cleaning. Add these often-neglected areas to your calendar to save yourself from major repairs: Have your heating and air conditioning unit inspected annually and also replace your air filters at least once a year. Inspect the chimney every two years. Change the batteries on your smoke alarms twice per year. Watch for needed repair to siding or trim. Check rain gutters each month and keep them clean by removing leaves and other debris. Apply weather stripping to windows and doors as air leaks develop. Touch up paint on both inside and outside walls to keep your home fresh and beautiful.
If you have any questions, or need capable and trustworthy representation, please call me at 519-657-0876.
Posted by Colin Hendry
on October 4, 2011