LSTAR October sales report

Total sales in London - St Thomas board were 624

Since good news about real estate sales totals is actually great news, the London - St Thomas market has terrific news to report.
While the final numbers for the Woodstock-Ingersoll board have not been tabulated for October (Or at least officially announced and verified), the figures for the London area are quite good -- showing a seven percent increase over October of 2011.
Here's the London Free Press prose:

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London real estate market up 7% in October

By Hank Daniszewski, The London Free Press

Monday, November 5, 2012

LONDON -- The London area real estate market perked up in October after a couple of slow months.

The London and St. Thomas Association of Realtors (LSTAR) said 624 homes sold last month, up 7% from the same month last year.

Condos led the way with 122 sales, up 38.6%, while 502 detached homes were sold, up 1.4%

“Condo sales have been quite slow over the past five months and they were significantly down in October last year, so pent-up demand was undoubtedly a factor last month,” said LSTAR president Barb Whitney.

So far this year 7,132 homes have been sold, in London, St. Thomas and surrounding areas, up slightly from the first 10 months of 2011.

New listings are also up, 3.6% for detached homes and 32.8% for condos. Inventory – the number of active listings at month end – was down 6.4%.

St. Thomas

In the St. Thomas market, 59 homes were sold last month, up 15.7% from Oct, 2011.

The average year-to-date price of a home in St. Thomas area stands at $190,764, up 0.7% from December 31, 2011.

The average year to date price for all housing types in the London-St. Thomas area stands at $239,136, up 2.9%.

Email: hank.daniszewski@sunmedia.ca