Wednesday, March 7, 2012

Quote of the Day

Inaction breeds doubt and fear.  Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy.

~Dale Carnegie

Friday, March 2, 2012

Early Spring Market Heats Up

Thirty six homes sold in London’s Sister City of St. Thomas in February – only four units less than the previous year. The average price for a home in St. Thomas stands at $179,827 Year to Date, down a marginal 0.1% from the previous year. The average price for a home in LSTAR’s jurisdiction Year to Date stands at $230,264, an increase over that of January 2012 of 2.5%. The average price for a detached home over that same period stands at $245,258, up 3.9%, while the average price for a condo stands at $169,801, up 0.4 % from the previous month.

The following chart, based on data taken from CREA’s National MLS® Report for January 2012 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centers.

The best-selling house style in LSTAR’s jurisdiction last month was the two-storey, followed by the bungalow, then the ranch, then the townhouse condominium.
Read the entire News Release of LSTAR for February 2012

Courtesey of LSTAR
http://www.lstar.ca/news/early-spring-market-heats