LSTAR Residential Market Activity December 2017

Residential Market Activity
December 2017
Prepared for the London & St. Thomas Association of REALTORS®

by the Canadian Real Estate Association
London and St. Thomas
Sales activity (December only) New listings (December only)

600 700
500 600
535
589
499
500
546
467
538
465
528
527
400
516
506
503
405
400
395
385
380
373
419
300
398
300
200
250
200
100 100
0 0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Active listings (December only) Months of inventory (December only)

3,500 14.0
3,000 12.0 11.8
2,950
2,500 10.0
2,544
2,516
2,507
2,447
2,433
2,000 8.0
2,233
2,126
1,500 6.0
6.8
6.4
6.4
6.3
5.4
1,000 4.0
1,307
4.8
4.0
981
500 2.0
2.6
2.4
0 0.0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Average Price
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Source: Canadian MLS® Systems, CREA

0
10,000
12,000
2,000
4,000
6,000
8,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2008 3,264 2008 8,389
2009 3,041 2009 8,153
2010 3,146 2010 8,145
2011 3,470 2011 8,018

2012 3,338 2012 8,127
2013 3,335 2013 7,992
2014 3,372 2014 8,655
Sales activity (December YTD)
Active listings (December YTD)

2015 3,194 2015 9,490
2016 2,349 2016 10,376
2017 1,513 2017 11,203
0.0
1.0
2.0
3.0
4.0
5.0
6.0
12,500
13,000
13,500
14,000
14,500
15,000
15,500
16,000
16,500
2008 4.7
2008 16,080
2009 4.5
2009 13,988
2010 4.6
2010 15,125
2011 5.2
2011 15,831
2012 4.9
2012 15,429
2013 5.0
2013 15,571
2014 4.7
2014 16,065
New listings (December YTD)
2015 4.0
2015 16,038
Months of inventory (December YTD)
2016 2.7
2016 14,476
2017 1.6
2017 14,301
Compared to6
December 2 years 3 years 5 years 7 years 10 years
1 year ago
Actual ago ago ago ago ago
2017 December December December December December December
2016 2015 2014 2012 2010 2007
Sales Activity 405 -18.8 -24.3 -12.9 6.6 5.2 8.9
Dollar Volume $133,378,853 -4.8 -7.8 13.0 39.7 53.1 72.4
New Listings 398 -5.0 -26.0 -27.1 -21.3 -20.9 -14.2
Active Listings 981 -24.9 -53.9 -60.9 -59.9 -59.7 -52.4
Sales to New Listings Ratio1 101.8 119.1 99.4 85.2 75.1 76.5 80.2
Months of Inventory 2 2.4 2.6 4.0 5.4 6.4 6.3 5.5
Average Price $329,331 17.3 21.8 29.8 31.0 45.5 58.3
Compared to6
1 year ago
Year-to-date ago ago ago ago ago
2016 YTD 2015 YTD 2014 YTD 2012 YTD 2010 YTD 2007 YTD
Sales Activity 11,203 8.0 18.1 29.4 37.8 37.5 18.6
Dollar Volume $3,697,402,718 27.4 47.2 67.4 88.5 98.5 93.0
New Listings 14,301 -1.2 -10.8 -11.0 -7.3 -5.4 -4.7
Active Listings3 1,513 -35.6 -52.6 -55.1 -54.7 -51.9 -44.1
Average Price $330,037 18.0 24.7 29.3 36.7 44.3 62.7
1
Sales / new listings * 100
2
Active listings at month end / monthly sales
3
The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year
4
Sum of sales from January to current month / sum of new listings from January to current month
5
Average active listings from January to current month / average sales from January to current month
6
Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes

0
10
20
30
40
50
50
0
100
150
200
250
300
350
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2008 330 2008 15
Jan 2008 2009 291 2009 26
2010 272 2010 21
Jan 2009 2011 297 2011 26

2012 293 2012 25
Jan 2010 2013 290 2013 21

2014 300 2014 24
Sales activity (December only)
Active listings (December only)

2015 233 2015 43
Jan 2011
2016 140 2016 41
2017 105 2017 22
Jan 2012
10.0
15.0
20.0
25.0
0.0
5.0
Average Price
10
20
30
40
50
60
Jan 2013
Elgin County
2008 22.0 2008 35

Jan 2014 2009 11.2 2009 54
2010 13.0 2010 31

Jan 2015 2011 11.4 2011 43
2012 11.7 2012 47
Jan 2016 2013 13.8 2013 35

2014 12.5 2014 43
New listings (December only)
2015 5.4 2015 38

Jan 2017
Months of inventory (December only)
2016 3.4 2016 26
2017 4.8 2017 35

0
100
200
300
400
500
600
700
800
0
100
200
300
400
500
2008 364 2008 494
2009 386 2009 499
2010 363 2010 478
2011 370 2011 479

2012 365 2012 505
2013 394 2013 457
2014 380 2014 537

2015 337 2015 581
2016 234 2016 745
2017 146 2017 674
10.0
12.0
0.0
2.0
4.0
6.0
8.0
0
200
400
600
800
1,000
1,200
1,400
Elgin County
2008 8.8
2008 1,252
2009 9.3
2009 1,200
2010 9.1
2010 1,150
2011 9.3
2011 1,138
2012 8.7
2012 1,129
2013 10.3
2013 1,220
2014 8.5
2014 1,230
2015 7.0
2015 1,078
2016 3.8
2016 1,012
2017 2.6
2017 897
Elgin County
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 22 -46.3 -48.8 -8.3 -12.0 4.8 -12.0
Dollar Volume $5,801,200 -38.3 -37.6 15.3 -14.5 20.5 57.7
New Listings 35 34.6 -7.9 -18.6 -25.5 12.9 -22.2
Active Listings 105 -25.0 -54.9 -65.0 -64.2 -61.4 -51.6
Average Price $263,691 15.0 21.9 25.7 -2.8 15.0 79.2
Compared to6
1 year ago
Sales Activity 674 -9.5 16.0 25.5 33.5 41.0 16.6
Dollar Volume $190,651,504 3.2 38.9 60.3 67.9 101.0 89.1
New Listings 897 -11.4 -16.8 -27.1 -20.5 -22.0 -18.2
Active Listings3 146 -37.6 -56.7 -61.6 -60.0 -59.8 -49.7
Average Price $282,866 14.1 19.7 27.7 25.8 42.5 62.2
1
2
3
4
5
6

0
50
100
150
200
250
300
350
400
0
500
1,000
1,500
2,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2008 1,575 2008 169
Jan 2008 2009 1,128 2009 341
2010 1,350 2010 281
Jan 2009 2011 1,384 2011 255

2012 1,312 2012 247
Jan 2010 2013 1,255 2013 284

2014 1,282 2014 317

2015 1,078 2015 341
Jan 2011
2016 641 2016 322
2017 481 2017 298
Jan 2012
London
10.0
0.0
2.0
4.0
6.0
8.0
Average Price
50
0
100
150
200
250
300
350
400
Jan 2013
2008 9.3 2008 338

Jan 2014 2009 3.3 2009 371
2010 4.8 2010 349

Jan 2015 2011 5.4 2011 340
2012 5.3 2012 321
Jan 2016 2013 4.4 2013 321

2014 4.0 2014 334
2015 3.2 2015 336

Jan 2017
2016 2.0 2016 259
2017 1.6 2017 234

0
10,000
2,000
4,000
6,000
8,000
0
500
1,000
1,500
2,000
2,500
2008 1,819 2008 6,028
2009 1,562 2009 5,764
2010 1,721 2010 5,706
2011 1,936 2011 5,604

2012 1,825 2012 5,659
2013 1,728 2013 5,543
2014 1,765 2014 5,920

2015 1,671 2015 6,433
2016 1,248 2016 6,927
2017 800 2017 7,691
London
0.0
1.0
2.0
3.0
4.0
5.0
10,000
10,500
11,000
8,000
8,500
9,000
9,500
2008 3.6
2008 10,756
2009 3.3
2009 9,131
2010 3.6
2010 10,161
2011 4.1
2011 10,609
2012 3.9
2012 10,331
2013 3.7
2013 10,095
2014 3.6
2014 10,558
2015 3.1
2015 10,507
2016 2.2
2016 9,569
2017 1.2
2017 9,674
London
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 298 -7.5 -12.6 -6.0 20.6 6.0 14.2
Dollar Volume $97,512,878 9.1 4.1 23.7 54.6 53.9 75.5
New Listings 234 -9.7 -30.4 -29.9 -27.1 -33.0 -20.4
Active Listings 481 -25.0 -55.4 -62.5 -63.3 -64.4 -58.0
Average Price $327,224 17.9 19.1 31.6 28.2 45.1 53.7
Compared to6
1 year ago
Sales Activity 7,691 11.0 19.6 29.9 35.9 34.8 14.7
Dollar Volume $2,589,912,681 31.2 50.7 69.4 88.3 95.7 87.4
New Listings 9,674 1.1 -7.9 -8.4 -6.4 -4.8 -5.6
Active Listings3 800 -35.9 -52.1 -54.7 -56.2 -53.5 -48.0
Average Price $336,746 18.2 26.0 30.4 38.6 45.2 63.4
1
2
3
4
5
6

0
20
40
60
80
100
120
140
0
100
200
300
400
500
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2008 428 2008 62
Jan 2008 2009 318 2009 110
2010 366 2010 93
Jan 2009 2011 369 2011 82

2012 379 2012 76
Jan 2010 2013 365 2013 95

2014 385 2014 90

2015 279 2015 115
Jan 2011
2016 196 2016 119
2017 141 2017 100
Jan 2012
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Average Price
20
40
60
80
0
100
120
Jan 2013
London East
2008 6.9 2008 110

Jan 2014 2009 2.9 2009 111
2010 3.9 2010 93

Jan 2015 2011 4.5 2011 95
2012 5.0 2012 107
Jan 2016 2013 3.8 2013 97

2014 4.3 2014 99
2015 2.4 2015 98

Jan 2017
2016 1.6 2016 77
2017 1.4 2017 75

0
500
1,000
1,500
2,000
2,500
0
100
200
300
400
500
600
2008 527 2008 1,977
2009 436 2009 1,842
2010 476 2010 1,749
2011 542 2011 1,733

2012 521 2012 1,710
2013 484 2013 1,679
2014 517 2014 1,786

2015 460 2015 1,870
2016 356 2016 2,009
2017 270 2017 2,353
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2,400
2,600
2,800
3,000
3,200
3,400
London East
2008 3.2
2008 3,271
2009 2.8
2009 2,734
2010 3.3
2010 2,995
2011 3.8
2011 3,076
2012 3.7
2012 3,062
2013 3.5
2013 2,938
2014 3.5
2014 3,137
2015 3.0
2015 2,907
2016 2.1
2016 2,777
2017 1.4
2017 2,955
London East
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 100 -16.0 -13.0 11.1 31.6 7.5 19.0
Dollar Volume $25,942,492 0.1 -5.9 52.8 22.7 54.0 58.9
New Listings 75 -2.6 -23.5 -24.2 -29.9 -19.4 -15.7
Active Listings 141 -28.1 -49.5 -63.4 -62.8 -61.5 -58.3
Average Price $259,425 19.1 8.2 37.5 -6.7 43.2 33.5
Compared to6
1 year ago
Sales Activity 2,353 17.1 25.8 31.7 37.6 34.5 8.0
Dollar Volume $608,801,504 36.9 51.4 63.1 74.2 82.1 58.2
New Listings 2,955 6.4 1.7 -5.8 -3.5 -1.3 -7.6
Active Listings3 270 -24.2 -41.3 -47.8 -48.2 -43.3 -37.8
Average Price $258,734 16.9 20.3 23.8 26.6 35.4 46.5
1
2
3
4
5
6

0
20
40
60
80
100
120
0
100
200
300
400
500
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2008 439 2008 45
Jan 2008 2009 335 2009 86
2010 443 2010 83
Jan 2009 2011 461 2011 68

2012 457 2012 72
Jan 2010 2013 441 2013 82

2014 406 2014 107

2015 442 2015 109
Jan 2011
2016 199 2016 93
2017 144 2017 80
Jan 2012
10.0
12.0
0.0
2.0
4.0
6.0
8.0
Average Price
20
40
60
80
0
100
120
140
160
Jan 2013
London North
2008 9.8 2008 97

Jan 2014 2009 3.9 2009 127
2010 5.3 2010 114

Jan 2015 2011 6.8 2011 110
2012 6.3 2012 106
Jan 2016 2013 5.4 2013 101

2014 3.8 2014 103
2015 4.1 2015 140

Jan 2017
2016 2.1 2016 87
2017 1.8 2017 69

0
500
1,000
1,500
2,000
2,500
3,000
0
100
200
300
400
500
600
700
2008 523 2008 1,719
2009 450 2009 1,682
2010 541 2010 1,706
2011 604 2011 1,724

2012 588 2012 1,797
2013 589 2013 1,772
2014 583 2014 1,874

2015 596 2015 2,086
2016 441 2016 2,333
2017 221 2017 2,417
0.0
1.0
2.0
3.0
4.0
5.0
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
London North
2008 3.7
2008 3,095
2009 3.2
2009 2,710
2010 3.8
2010 3,162
2011 4.2
2011 3,366
2012 3.9
2012 3,330
2013 4.0
2013 3,282
2014 3.7
2014 3,356
2015 3.4
2015 3,630
2016 2.3
2016 3,228
2017 1.1
2017 3,062
London North
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 80 -14.0 -26.6 -25.2 11.1 -3.6 9.6
Dollar Volume $28,318,876 -17.0 -22.6 -8.3 43.8 23.0 64.5
New Listings 69 -20.7 -50.7 -33.0 -34.9 -39.5 -16.9
Active Listings 144 -27.6 -67.4 -64.5 -68.5 -67.5 -55.7
Average Price $353,986 -3.5 5.5 22.7 29.5 27.6 50.2
Compared to6
1 year ago
Sales Activity 2,417 3.6 15.9 29.0 34.5 41.7 33.5
Dollar Volume $985,653,925 22.4 49.4 71.7 88.7 109.9 119.7
New Listings 3,062 -5.1 -15.6 -8.8 -8.0 -3.2 7.0
Active Listings3 221 -49.9 -62.9 -62.1 -62.4 -59.1 -50.0
Average Price $407,801 18.1 28.9 33.2 40.3 48.1 64.6
1
2
3
4
5
6

London South

160 160
140 140
145
142
135
120
133
120
132
131
123
120
118
117
100 100
110
108
107
105
105
98
99
95
80 80
90
60 60
62
40 40
20 20
0 0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

800 12.0
700 10.0 11.4
708
600
500 8.0
554
541
491
476
475
400 6.0
449
300
357
5.3
5.2
4.0
4.8
4.2
4.1
200
246
3.3
2.0
3.1
196
100
2.2
1.7
0 0.0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Average Price
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017

0
500
1,000
1,500
2,000
2,500
3,000
3,500
0
200
400
600
800
1,000
2008 770 2008 2,332
2009 676 2009 2,240
2010 703 2010 2,251
2011 790 2011 2,147

2012 716 2012 2,152
2013 655 2013 2,092
2014 665 2014 2,260

2015 615 2015 2,477
2016 452 2016 2,585
2017 309 2017 2,921
0.0
1.0
2.0
3.0
4.0
5.0
0
1,000
2,000
3,000
4,000
5,000
London South
2008 4.0
2008 4,390
2009 3.6
2009 3,687
2010 3.7
2010 4,004
2011 4.4
2011 4,167
2012 4.0
2012 3,939
2013 3.8
2013 3,875
2014 3.5
2014 4,065
2015 3.0
2015 3,970
2016 2.1
2016 3,564
2017 1.3
2017 3,657
London South
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 118 7.3 0.9 -1.7 19.2 12.4 13.5
Dollar Volume $43,251,510 47.7 46.5 39.7 94.5 84.0 96.2
New Listings 90 -5.3 -8.2 -31.8 -16.7 -36.6 -26.2
Active Listings 196 -20.3 -45.1 -60.1 -58.8 -63.8 -59.3
Average Price $366,538 37.7 45.2 42.1 63.2 63.8 72.9
Compared to6
1 year ago
Sales Activity 2,921 13.0 17.9 29.2 35.7 29.8 7.5
Dollar Volume $995,457,252 37.5 51.6 71.1 97.8 91.8 81.4
New Listings 3,657 2.6 -7.9 -10.0 -7.2 -8.7 -12.7
Active Listings3 309 -31.6 -49.8 -53.5 -56.8 -56.0 -53.3
Average Price $340,793 21.7 28.6 32.4 45.7 47.8 68.8
1
2
3
4
5
6

0
10
20
30
40
50
50
0
100
150
200
250
300
350
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2008 293 2008 17
Jan 2008 2009 262 2009 31
2010 217 2010 24
Jan 2009 2011 254 2011 24

2012 267 2012 37
Jan 2010 2013 324 2013 31

2014 314 2014 41

2015 265 2015 39
Jan 2011
2016 181 2016 34
2017 156 2017 26
Jan 2012
10.0
15.0
20.0
0.0
5.0
Average Price
10
20
30
40
50
60
70
Jan 2013
2008 17.2 2008 48

Middlesex County
Jan 2014 2009 8.5 2009 52

2010 9.0 2010 36

Jan 2015 2011 10.6 2011 48
2012 7.2 2012 40
Jan 2016 2013 10.5 2013 58

2014 7.7 2014 56
2015 6.8 2015 64

Jan 2017
2016 5.3 2016 58
2017 6.0 2017 56

0
200
400
600
800
1,000
0
100
200
300
400
500
2008 325 2008 567
2009 337 2009 534
2010 305 2010 561
2011 318 2011 522

2012 338 2012 572
2013 394 2013 604
2014 402 2014 662

2015 369 2015 712
2016 275 2016 746
2017 191 2017 814
10.0
0.0
2.0
4.0
6.0
8.0
0
500
1,000
1,500
2,000
2008 6.9
Middlesex County
2008 1,316
2009 7.6
2009 1,171
2010 6.5
2010 1,168
2011 7.3
2011 1,259
2012 7.1
2012 1,288
2013 7.8
2013 1,517
2014 7.3
2014 1,504
2015 6.2
2015 1,540
2016 4.4
2016 1,287
2017 2.8
2017 1,243
Middlesex County
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 26 -23.5 -33.3 -36.6 -29.7 8.3 8.3
Dollar Volume $11,904,175 1.6 -9.9 -17.0 12.2 59.9 74.0
New Listings 56 -3.4 -12.5 0.0 40.0 55.6 60.0
Active Listings 156 -13.8 -41.1 -50.3 -41.6 -28.1 -26.1
Average Price $457,853 32.9 35.1 30.8 59.7 47.6 60.6
Compared to6
1 year ago
Sales Activity 814 9.1 14.3 23.0 42.3 45.1 37.0
Dollar Volume $326,579,496 29.5 43.1 53.2 92.8 110.9 128.6
New Listings 1,243 -3.4 -19.3 -17.4 -3.5 6.4 10.3
Active Listings3 191 -30.5 -48.2 -52.5 -43.5 -37.4 -23.9
Average Price $401,203 18.7 25.2 24.6 35.5 45.3 66.8
1
2
3
4
5
6

0
10
20
30
40
50
60
50
0
100
150
200
250
300
350
400
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
2008 339 2008 21
Jan 2008 2009 186 2009 34
2010 194 2010 24
Jan 2009 2011 168 2011 33

2012 178 2012 25
Jan 2010 2013 188 2013 29

2014 193 2014 41

2015 126 2015 53
Jan 2011
2016 94 2016 50
2017 61 2017 26
Jan 2012
10.0
15.0
20.0
0.0
5.0
Average Price
10
20
30
40
50
60
Jan 2013
St. Thomas
2008 16.1 2008 52

Jan 2014 2009 5.5 2009 50
2010 8.1 2010 36

Jan 2015 2011 5.1 2011 29
2012 7.1 2012 39
Jan 2016 2013 6.5 2013 42

2014 4.7 2014 50
2015 2.4 2015 37

Jan 2017
2016 1.9 2016 38
2017 2.3 2017 22

0
200
400
600
800
1,000
50
0
100
150
200
250
300
2008 284 2008 615
2009 276 2009 693
2010 226 2010 648
2011 250 2011 666

2012 241 2012 606
2013 233 2013 654
2014 245 2014 704

2015 224 2015 804
2016 149 2016 844
2017 93 2017 901
0.0
1.0
2.0
3.0
4.0
5.0
6.0
St. Thomas
0
200
400
600
800
1,000
1,200
1,400
2008 5.5
2008 1,238
2009 4.8
2009 1,100
2010 4.2
2010 1,037
2011 4.5
2011 1,104
2012 4.8
2012 1,050
2013 4.3
2013 1,054
2014 4.2
2014 1,116
2015 3.3
2015 1,128
2016 2.1
2016 1,029
2017 1.2
2017 1,006
St. Thomas
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 26 -48.0 -50.9 -36.6 4.0 8.3 -21.2
Dollar Volume $7,951,050 -41.0 -31.4 5.7 65.3 77.5 43.8
New Listings 22 -42.1 -40.5 -56.0 -43.6 -38.9 -43.6
Active Listings 61 -35.1 -51.6 -68.4 -65.7 -68.6 -63.0
Average Price $305,810 13.5 39.9 66.8 58.9 63.9 82.5
Compared to6
1 year ago
Sales Activity 901 6.8 12.1 28.0 48.7 39.0 8.4
Dollar Volume $235,593,974 22.9 37.8 68.6 103.1 100.9 65.7
New Listings 1,006 -2.2 -10.8 -9.9 -4.2 -3.0 -8.5
Active Listings3 93 -37.6 -58.5 -62.0 -61.4 -58.8 -57.7
Average Price $261,481 15.2 23.0 31.7 36.6 44.5 52.8
1
2
3
4
5
6

Strathroy

25 20
19
20
17
15
21
15
15
14
14
15
17
13
13
10
11
10
12
12
12
12
9
9
5
8
5
7
0 0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

120 16.0
100 14.0
14.7
105
103
12.0
13.1
80 10.0
72
9.6
60 8.0
69
69
67
66
62
8.0
6.0
54
40
5.8
5.8
42
4.0
4.5
20 3.6
3.5
2.0
3.1
0 0.0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Average Price
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017

0
50
100
150
200
250
300
350
400
20
40
60
80
0
100
120
140
2008 110 2008 248
2009 105 2009 222
2010 87 2010 229
2011 99 2011 213

2012 89 2012 211
2013 115 2013 222
2014 103 2014 245

2015 87 2015 289
2016 75 2016 303
2017 58 2017 335
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Strathroy
0
100
200
300
400
500
2008 5.3
2008 455
2009 5.7
2009 356
2010 4.6
2010 369
2011 5.6
2011 392
2012 5.1
2012 358
2013 6.2
2013 464
2014 5.0
2014 400
2015 3.6
2015 426
2016 3.0
2016 426
2017 2.1
2017 416
Strathroy
Compared to6
1 year ago
2016 2015 2014 2012 2010 2007
Sales Activity 12 0.0 -42.9 71.4 -29.4 0.0 20.0
Dollar Volume $3,962,600 42.1 -18.0 138.7 4.5 87.8 119.2
New Listings 15 36.4 -21.1 66.7 7.1 7.1 7.1
Active Listings 42 -22.2 -36.4 -37.3 -32.3 -39.1 -39.1
Average Price $330,217 42.1 43.5 39.2 48.1 87.8 82.7
Compared to6
1 year ago
Sales Activity 335 10.6 15.9 36.7 58.8 46.3 27.4
Dollar Volume $101,829,564 38.2 46.5 86.3 125.3 114.9 110.4
New Listings 416 -2.3 -2.3 4.0 16.2 12.7 -3.9
Active Listings3 58 -22.7 -33.3 -43.7 -34.8 -33.3 -42.6
Average Price $303,969 25.0 26.4 36.2 41.9 46.9 65.1
1
2
3
4
5
6

LSTAR Residential Market Activity December 2017

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LSTAR Residential Market Activity December 2017

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Residential Market Activity

Prepared for the London & St. Thomas Association of REALTORS®

Sales activity (December only) New listings (December only)

Active listings (December only) Months of inventory (December only)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Jan 2010 2013 290 2013 21

Active listings (December only)

2008 22.0 2008 35

2010 13.0 2010 31

Jan 2016 2013 13.8 2013 35

2015 5.4 2015 38

2016 3.4 2016 26

2017 4.8 2017 35

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Jan 2010 2013 1,255 2013 284

Active listings (December only)

2008 9.3 2008 338

2010 4.8 2010 349

Jan 2016 2013 4.4 2013 321

2015 3.2 2015 336

2016 2.0 2016 259

2017 1.6 2017 234

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Jan 2010 2013 365 2013 95

Active listings (December only)

2008 6.9 2008 110

2010 3.9 2010 93

Jan 2016 2013 3.8 2013 97

2015 2.4 2015 98

2016 1.6 2016 77

2017 1.4 2017 75

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Jan 2010 2013 441 2013 82

Active listings (December only)

2008 9.8 2008 97

2010 5.3 2010 114

Jan 2016 2013 5.4 2013 101

2015 4.1 2015 140

2016 2.1 2016 87

2017 1.8 2017 69

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Sales activity (December only) New listings (December only)

Active listings (December only) Months of inventory (December only)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Active listings (December YTD)

Source: Canadian MLS® Systems, CREA

Source: Canadian MLS® Systems, CREA

Jan 2010 2013 324 2013 31