Market Charts December 2014

Market Charts
December 2014
Average Residential Price
(Excluding
Condos)
$270,751
Price up 3.7% over 2013
$261,060
$254,389
$240,326
$226,875
$225,871
2008
2009
$244,524
$216,462
$202,905
$191,941
$178,663
$162,622
$151,588
2002
2003
2004
2005
2006
2007
2010
2011
2012
MLS Sales – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31
2013
2014
Average Condominium Price
Price up 2.2% over
$182,900
$181,165
$178,431
$171,581
$171,047
$158,478
$152,586
$146,082
$139,876
$126,766
$120,554
$111,096
$101,872
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
MLS Sales – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31
2013
2014
Average Residential Price
(Detached and Condos)
$260,000
$250,000
$240,000
$230,000
$220,000
$210,000
$200,000
$190,000
$180,000
$170,000
$160,000
Sale prices
average
98% of List price
December 2014
$150,000
$140,000
$130,000
$120,000
$110,000
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
$40,000
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31
Months Inventory of Residential Listings
London & St. Thomas Association of Realtors’ Jurisdiction
7.4
6.6
6.3
6.0
6.0
5.0
5.3
5.3
5.0
4.2
4.2
4.8
5.5
5.6
5.7
5.5
5.7
5.0
4.9
4.7
4.1
4.0
4.2
4.0
Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
Sales to New Listings Ratio
100.0%
90.0%
Sellers' Market -- 60%
80.0%
or higher
70.0%
60.0%
50.0%
Balanced Market
40.0%
30.0%
20.0%
10.0%
Buyers’ Market - 40%
or lower
0.0%
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales Greater London Area – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31
Average List Duration in Days
London Residential Sales
source: London & St. Thomas Association of Realtors
63
55
48 47
46
41
36
34 35 33
43
45
47
61
52 53 51
51
48 47
53 52 52
49
583
567
510
576
569
455
539
477
505
524
474
506
509
548
537
642
697
770
738
709
732
682
628
593
655
New Residential Listings
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction – at December 31
Active Residential Listings
3541
3638
3418
3262
3133
2717
2824
2639
2743
2696
2735
2721
2470
2442
2260
1753
1866
1978
2241
2021
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction – at December 31
New Residential
Listings
2000
2012
1800
2013
2014
1600
1400
1200
1000
800
600
400
200
0
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction
OCT
NOV
DEC
Number of Residential Sales
1200
988
1000
981
2012
2014
980
836
2013
791
800
682
666
698
577
600
498
400
475
382
200
0
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction
OCT
NOV
DEC
Number of Residential Sales in
December
500
475
427
358
347
315
254
379 389 388 388
375
312
261
276 277
291
438
421
414
381 384 381
375
281
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction
Residential Sales YTD December 31
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales - London & St. Thomas Association of Realtors’ Jurisdiction
Dollar Volume of
Residential Sales
Millions Title
$2,000
Millions
$2,500
$1,500
$1,000
$500
$0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
MLS Sales – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31
Royal Bank of Canada
Prime Interest Rate
25.0
20.0
1981
15.0
Latest change
September 9, 2010
3%
10.0
1990
1995
5.0
2000
1935
0.0
2007
Dollar Volume Market Share
YTD December 31, 2014
City of London
15.3%
14.7%
9.7%
8.0%
6.5%
Royal LePage
Triland
Remax Centre City
Elgin Realty
C21 First Canadian
Royal LePage
Landco
Dollar Volume equals total of sale prices of transactions. Transaction can mean either purchase or a sale.
Compiled from data supplied by London & St. Thomas Association of Realtors
6.0%
St. Thomas Town
& Country
Market Share of Residential Listings
In London
14.6%
11.5%
9.7%
7.1%
6.4%
Royal LePage Triland Remax Centre City
Elgin Realty
6.3%
C21 First CanadianColdwell Banker at Success
Royal LePage Landco
London MLS Listings - London & St. Thomas Association of Realtors – YTD December 31 2014
Market Share of Residential
Listings
St. Thomas and Elgin County
14.6%
11.5%
9.7%
7.1%
6.4%
6.3%
4.8%
Royal LePage Remax Centre
Triland
City
Elgin Realty
C21 First
Canadian
Coldwell
Banker at
Success
Royal LePage
Landco
Universal
MLS Sales – London & St. Thomas Association of Realtors’ Jurisdiction – YTD December 31, 2014
4.3%
St. Thomas
Town and
Country
St. Thomas and “Map Areas R3 and R4”
Number of Residential Sales – Market Share
YTD December 31, 2014
15.3%
Map Areas R3 and R4 include the following
Townships:
14.7%
Alborough; Dunwich; Delaware; Southwold;
9.7%
8.0%
6.5%
Royal LePage Triland
Remax Centre City
Elgin Realty
C21 First Canadian
Royal LePage Landco
Compiled from data supplied by London & St. Thomas Association of Realtors
6.0%
St. Thomas Town & Country