London Real Estate News from Anne Hill February 2018   
  Real Estate News




Anne Hill
Sales Representative

First Canadian Corp, Brokerage
420 York Street
London, Ontario
519-868-9316
century21.ca/anne.hill


 
It's important to be aware of the latest home trends, especially if you're looking for ways to make your home more appealing to buyers. This month’s article outlines some of the popular home trends for 2018.

There's also some great advice on how to maintain your smoke alarms as well as a website that will challenge your brain and donate to charity at the same time!

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

I have the keys to your new home!
Anne

In this issue...
London Real Estate Market Update 
Home sales steady in January, despite low inventory.

The London and St Thomas Association of REALTORS® (LSTAR) announced 400 homes* were sold in January, down 28.8% over the same period last year, which holds the record for best January results since LSTAR began tracking sales data in 1978.

"When you take a look at the last 10 years, these results are right in line with the activity we expect in January," said Jeff Nethercott, 2018 LSTAR President.

"One of the areas affecting home sales is low inventory. There were 623 new home listings, down 31.8% from last January, and there were 1,020 active listings, down 27.7% from this time last year."

Average home sales price continues to rise across London and St. Thomas. The average sales price in the region was $333,424, up 9.8% over the same period last year. By geographic area, London South was $351,167 - up 11.5% from last January.

In London North, average home sales price was $397,075, up 6.2% compared to the previous year, while in London East, it was $294,348, an increase of 32.1% from January 2017. In St. Thomas, it was $247,135, up 19.7% over last January.

"One of the other factors impacting home sales was weather, with the region experiencing harsher winter conditions compared to last January," Nethercott said.

"We also have to consider the tighter mortgage regulations that took effect on January 1. In the coming months, it'll be interesting to see what impact this may have on monthly sales activity, here, in our local communities and throughout Canada."

St. Thomas saw a total of 30 homes sold in January, down 36.2% from the same period last year. When looking at inventory, there were 66 active listings, down 34.7% from last January, and there were 46 new listings, down 32.4% from the previous year.

Kinsmen Fanshawe Sugar Bush Maple Festival 
Don’t miss your chance to get outside and enjoy the final days of winter!

Come out and enjoy horse drawn wagon rides, historical tours and a variety of interactive demonstrations at the Kinsmen Fanshawe Sugar Bush Maple Festival!

Make sure to also stop by the sugar shack and pancake pavilion to enjoy some delicious pancakes, sausages, pure maple syrup and a variety of other maple related treats.

There are plenty of opportunities to visit the Kinsmen Fanshawe Sugar Bush Maple Festival and celebrate all things maple as it takes place every weekend in March and every day over March Break (March 12th - 16th) from 9 a.m. to 4 p.m.

Admission is $3 per person ($2 for children 12 and under) with proceeds going towards local charities.  Since they were founded, Kin Canada clubs have donated more than $1 billion to Canadian causes, communities and individuals in need. Hope to see you there!

Hot Home Trends for 2018 
Curious about what’s trending in homes and gardens this year?

It’s that time of year when homeowners are thinking about revamping and refreshing their space.  Here are a few of the latest trends and styles that are gaining steam:

  1. Ziggity Zag - Geometric patterns are making a comeback! It could be as simple as adding a few accent pillows or for a bolder statement, consider some patterned wallpaper.

  2. Concrete Ideas - This versatile material is becoming increasingly popular for sinks but can also be used in more unique ways such as furnishings, wallcoverings and tile.

  3. Sleep Easy - Embrace minimalist bedrooms this year with soothing neutrals and plain furniture pieces. Keeping the space simple will help you enjoy a restful night’s sleep.

  4. Full House - Multigenerational living is a major home design trend for 2018. Additional kitchens, basement renovations, and seperate entrances are just some of the ways homes are reflecting this trend.

  5. The Heart of the Home - Homeowners are injecting warmer, brighter tones on their kitchen walls and cabinets. Sinks made with materials like stone, copper, concrete or granite will also steal the spotlight in 2018.

If you're thinking about breathing some new life into your home with a new year’s makeover, be sure to take the latest trends into account during the planning stage. Hopefully these ideas have given you inspiration to inject some new style into your home!

Smoke Alarm Smarts 
Smoke detectors are important but they’re often overlooked.

Countless tragedies are prevented each year by smoke detectors. Here are a few tips to ensure your smoke detectors are in full working order:

  1. Test each alarm regularly by pressing the test button until the alarm sounds.

  2. Blow the dust out of the alarm whenever you check or change the batteries.


  3. Don't "borrow" the batteries for the TV remote as you'll likely forget to replace them.

  4. Smoke alarms should be replaced at least every ten years to ensure proper working order.

  5. Don't install alarms near windows or doors as drafts could stop smoke from reaching the alarm system.

  6. There should be at least one alarm installed on each floor including the basement and preferably every bedroom.

Alarms can be hard wired, battery powered or preferably a combination of both. Interconnected smoke alarms are best because when one alarm goes off, they all do. If you have any questions, your local fire department will be more than happy to help.

Educate and Donate 
Smarten up and end hunger, a few grains of rice at a time!

Next time your kids are on their devices, send them over to www.FreeRice.com where they can learn and donate at the same time!

Users answer multiple choice questions on a range of subjects including math, language, geography and science.  When a question is answered correctly, 10 grains of rice are donated via the World Food Program.

These questions aren’t just for kids; in fact, anyone can benefit from this game as you can adjust the difficulty level. The vocabulary section will definitely give you some mental stimulation so it’s a win-win!



PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.


Not meant to solicit clients already under contract.