News

The London and St. Thomas resale housing market started the year by shattering new records. 547 homes exchanged hands last month in our area, the highest number of home sales for the month of January since the Association began tracking data in 1978. During the same month, the overall Home Price Index (HPI) benchmark price for LSTAR climbed 5.7% over December 2020, to $511,500, which marks the first time that LSTAR's composite HPI price has exceeded $500,000.

The London and St Thomas Association of REALTORS® (LSTAR) Board of Directors is pleased to announce London-based REALTOR® Jack Lane will serve as its President in 2021. It marks Jack's second time serving as LSTAR President, after first being elected President in 2011. Lane is a Broker with eXp Realty Brokerage and has been a REALTOR® with LSTAR since 1976.

Despite the COVID-19 pandemic, 2020 proved to be the second best year for home sales in the history of the London and St. Thomas Association of REALTORS® (LSTAR). In the entire jurisdiction of LSTAR, 9,297 homes traded hands last year, with 555 sales wrapping up 2020 in the month of December.

The London and St. Thomas Association of REALTORS® (LSTAR) announced 854 homes exchanged hands in November, achieving another monthly record for residential sales. Sales were up more than 33% compared to the same time a year ago, marking the best results ever for November, since the Association began tracking data in 1978.

Last month, the local real estate market continued its streak of record sales and prices. 917 homes were sold in October in the London and St Thomas Association of REALTORS®’ jurisdiction, while the overall average price for LSTAR climbed to $526,848.

The London and St Thomas Association of REALTORS® (LSTAR) announced September achieved a record for residential sales, with 960 homes exchanging hands, up 25% compared to the same time a year ago. This represents the best results ever for September since the Association began tracking data in 1978.

LSTAR is excited to share a total of $7,500 has been awarded to 5 exceptional students, supporting their post-secondary endeavours, as they begin to take the next step in their educational journeys.

The London and St Thomas Association of REALTORS® (LSTAR) announced 931 homes exchanged hands in August, making it the 2nd best August for sales since the Association began tracking data in 1978.

LSTAR home sales set a new record in July, with 1,275 homes exchanging hands throughout the month in the Association's jurisdiction.