Month: April 2021

  • Housing Market for March 2021

    Housing Market for March 2021

    “The London and St. Thomas Association of REALTORS® (LSTAR) announced 1,296 homes exchanged hands in March, an increase of more than 56% compared to the same time a year ago. The total sales are the highest recorded for the month of March since the Association began tracking data in 1978.

    In our local marketplace, 100% of the listing inventory is selling every 31 days. Another way of looking at it is that every house that was listed in London over the last 31 days has sold. Once again this is an indication that the local market for the month of March strongly favoured sellers. Covid 19 pandemic has not adversely affected the local real estate market. If you are considering selling your home in the city of London or the surrounding area, there has never been a better time.

    The city of London currently has 0.4 months of available inventory with 414 properties listed for sale or lease. For reference in March 2020 our market had 1.4 months of inventory which at the time was considered a strong seller’s market. Of the properties currently on the market in London, of those listed 272 are single-family residential dwellings. The remaining are condominium-style properties.

  • A Few Home Improvements To Do This Year

    A Few Home Improvements To Do This Year

    As people have been spending so much time at home the last year due to the pandemic, certain things about our properties have been more and more noticeable—especially the things we want to improve. There are certain things you can do to your property which will give it an instant facelift, things that can make your home feel more luxurious, all while helping improve the quality and value of your property. So when the time comes, and you want to look at selling, you will get a lot more for your money on the return. This is another bonus when looking to make home improvements.

    Enhance Your Patio

    People have been spending more time in their own gardens and in their patios which has made us want to make them the best they can be. You can do small things like adding plants, furniture, and different designs to help make them stand out, all while feeling more homely and somewhere you can relax with a good book. Another great addition to your patio would be a patio cover. Things like this will normally require a bit of extra help, so you will want to speak to some home improvement specialists like Northwest Exteriors.

    Go beyond that and turn the entire patio space into an extension of your home. Hire fence builders to make the space more private, add a personalized touch with outside decor such as fairy lights, a water feature, an outside rug or even an outdoor cinema. There are a plethora of ideas that can transform your garden and turn it into a luxurious space to spend more time in.

    Add Tiled Floors In The Entrance

    Carpets and wood flooring are great options for flooring, but for your hallway, as you walk into the house, a new and upcoming trend has tiled floors. You can go for a classic of plain colours or black and white, or you can mix it up a bit and go for something that stands out, like Morrocan style tiles. This can help the entrance to your home stand out and give it a great focal point. 

    The Dining Room Is The Heart Of The Family

    It is so easy to just grab a tray and eat your dinner in front of the TV these days. Some families rarely sit down and converse over food anymore. It is something that is missed and a great thing to have in your family routine. It gives time for the family to bond, discuss their day and create memories to last a lifetime. Coming around the table to catch up and enjoy each other’s company doesn’t have to just be for special occasions. Make your dining room more inviting, have a beautiful and spacious dining table set and an attractive centrepiece like candles or a beautiful bouquet of flowers. You can even get some top-quality artificial ones, so you don’t have to keep replacing them. 

    These few little changes can make such a difference in your home and how you feel while spending time at home and creating memories. That is what life is all about the memories we make. When you are looking to sell a house, you want to show off that so that potential buyers can imagine themselves in your home, creating their own memories and spending time with their family or the future family they want in your family home.