Blog|Bosveld & Roach Founders of Nu-Vista Realty

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Michael Bosveld

 Direct: 519 701-1506
 Office: 519 438-5478
 Fax: 519 438-7355

Anthony Roach

 Direct: 519 701-1260
 Office: 519 438-5482
 Fax: 519 438-7355

London Ontario Real Estate Stats June 2018

In June, 1080 homes were sold in the London and St. Thomas area according to the London and St. Thomas Association of REALTORS® (LSTAR) area were sold in June. This is less than in June 2017, which was a record-setting month with 1,264 homes sold!


Sales activity remains above the 10-year average for the London and St. Thomas area, as the marketplace continues to manage the lowest inventory levels since 2009. The average home price is making a slight gain across the region.


London East made the biggest gains, with the average June sales price at $295,541, this is  up 11.7% from June 2017 and up 34.7% compared to June 2016. London North saw an increase of 11.6% from June 2017 with the average sales price of $479,237. That’s up 39.9% compared to June 2016. Meanwhile, the average sales price in London South was $372,881, up 9.2 percent from June 2017 and up 36.6% from June 2016.


Overall, the average June sales price in London and St. Thomas was $370,247,  this is up 10.5% from June 2017 and up 32.7% from June 2016. This is a 72.0% increase compared to the average sales price only 10 years ago.


In June 2018, there were 1,779 active listings, this is only down 4.3% from the same time last year and down 40.0% from June 2016. The sales-to-new listings ratio was 72.0%, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favours sellers (a ratio between 40% and 60% is generally consistent with a balanced market). So if you are considering selling your home, now would be an optimal time to get your house or condo on the market!


St. Thomas saw a total of 99 homes sold in June, this is down 9.2% from the same period last year. For inventory, there were 76 active listings, down 32.7% from June 2017 and down 53.1% from June 2016. The average home sales price in St. Thomas was $294,471, up 5.5% from June 2017 and up 25.7% from June 2016.



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London, ON N5Y 2L8

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