Phil Williamson

Phil Williamson

Sales Representative
CENTURY 21 First Canadian Corp., Brokerage*
  • 519-870-8830
  • 519-673-3390
  • 519-673-6789
  • 420 York Street
    London, ON N6B 1R1
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a strong start for real estate in 2017

 

The London and St Thomas Association of REALTORS® (LSTAR) announced another milestone for residential sales across the region, with the best January results since LSTAR began tracking sales data in 1978. A total of 574 homes were sold in January, an increase of 26.2% over last January.

"We're off to a tremendous start this year with our best January ever," said Jim Smith, LSTAR 2017 President. "The trend of high demand and low supply continues, with January experiencing a 12.2% decrease in the number of listings compared to the previous year. Those thinking of selling may want to consider maximizing the current market conditions."

In January, a total of 434 detached homes were sold, an increase of 15.1 % over the previous year, while there were 140 condominium sales, up 79.5% from 2016. The average sales price was $285,418, up 0.5% from the previous month.

"We saw a huge boost in condominium sales, with almost double the number of units sold in 2017," Smith said. "It represents very robust activity happening in the condominium market, again with less listings available compared to 2016."

St. Thomas also had a very healthy January, with a total of 55 homes sold, up 139.1% from the same time last year. The average home price in St. Thomas was $192,474, down 28.1% from the previous month.

The best-selling house style in January continues to be the two-storey, followed by the bungalow and ranch. The average price for a detached home in January was $313,879, up 2.3% from the previous month, while the average price for a condominium was $197,190, up 2.8% from the previous month.

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London

Welcome to London … In things traditional and contemporary, you'll discover our city offers plenty to see and do. The links within the Visitors ...

Arva

Arva is located just north of London at the intersection of Provincial Highway 4 (Richmond Street) and Medway Road (7th Concession). While it is not located ...

Grand Bend

We invite you to make Grand Bend a summer home or move up year round. We are a growing, thriving village. Just look at our brand new public school. We ...

Komoka

Komoka village is a crossing point for many railway lines and was formerly a railway hot spot featuring various hotels and development. Today, the Komoka ...

Neighbourhoods
Central London

Central London is framed by Oxford on the north, Adelaide on the east, the Thames River on the west and Dundas on ...

Argyle

The Argyle district is bordered by Veterans Memorial Parkway to the east, Oxford Street to the north, Highbury Ave. and Pottersburg Creek (Kiwanis Park) ...

Hamilton Road

The Hamilton Road are of London, is characterized by ample amounts of businesses, small and large, well known and unique. Whether it be restaurants, fashion ...

Byron

Located downriver (west) from London on the outer fringes of the city, Byron was originally called Westminster, then renamed Hall's Mill, and then finally ...

White Oaks

The White Oaks district is one of London’s most densely populated and culturally diverse areas. 21,000 people live in the area bordered by Eden Ave ...

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