Market Holds Steady on the first month of 2016

1,053 properties were listed in January, down 11.6%, and Active Listings End of Period – or inventory – was also down 16.0%. "Our market continues to be balanced," says Evoy. "However, if you're thinking of selling, it might be an idea to list ahead of the spring rush."

January was a slow month for real estate in St. Thomas, with sales totaling 23. The average price of a home in St. Thomas so far in 2016 stands at $197,792, down 5.7%.

The best-selling house style in LSTAR's jurisdiction for January 2016 was the two-storey, then the bungalow, followed by ranches, then townhouse condominiums, then high-rise apartment condos. The average price for a detached home in January 2016 stood at $286,308 - up 2.2%, while the average price for a condo over the same period stood at $189,033 - down 1.5%. The average price of all homes sold through LSTAR's MLS® in January stood at $269,633 - up 3.4%.

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Sam Dabbagh

Sam Dabbagh

Sales Representative
CENTURY 21 First Canadian Corp., Brokerage*
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