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| 10 Advantages of Buying a Home in a Rural Area
1. Privacy 10 Disadvantages of Buying a Home in a Rural Area 1. Re-sale |
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| Overall home sales in October 2011 were up 3% over the previous year. “The condo market was a little soft this month,” “However, the more significant statistic to look at is the Year to Date figure, which shows condos down less than one percent from last year. In fact, total sales Year to Date are down a very marginal 0.6% from last year, so the bottom line is this: real estate in our jurisdiction is absolutely staying the course . . . and that’s good news when you consider the fact that our Year to Date sales at the end of January 2011 were down 9.3%.” | ||||
| FOR THE MONTH OF OCTOBER 2011: | ||||
| TYPE | UNITS SOLD | AVG. PRICE |
“Good time for renters to
consider a move
into homeownership.”
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|
| 2 Storey | 138 | $315,389 | ||
| Bungalow | 112 | $184,648 | ||
| Ranches | 67 | $299,975 | ||
| Townhouse Condo | 42 | $157,208 | ||
| YEAR TO DATE FOR 2011: | ||||
| TYPE | UNITS SOLD | % CHANGE | AVG. PRICE | % CHANGE |
| Total Detached | 5755 | -0.5% | $244,549 | 5.3% |
| Total Condo | 1336 | -0.8% | $181,734 | -3.4% |
| Total Residential | 7091 | -0.6% | $232,714 | 4.0% |
| Source: London and St. Thomas Association of REALTORS® | ||||
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- Market Stable in 2011
- Early Spring Market Heats Up
- Market Rebound Continues in September
- Market Rebounds Strongly in August
- July Strong Month for Condos!
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