London and St Thomas Association of REALTORS® (LSTAR) announced 1,000 homes* were sold in July, down 1.8% over the same time last year. July 2018 marked the third best July for home resales since the Association began tracking sales data in 1978.
London East continues to make the largest gains, with the average July sales price at $288,648 up 14.3% from July 2017 and up 40.2% compared to July 2015. The average sales price in London North was $441,035 up 8.0% from July 2017 and up 35.9% compared to July 2015. Meanwhile, the average sales price in London South was $370,399, up 10.9 percent from July 2017 and up 32.2% from July 2015.