About Us
ABOUT ST. THOMAS/PORT STANLEY HOUSING STARTS
Housing starts in St. Thomas year-to-date January 2021-October 2021 were 160 single family starts, 44 semi-detached units, 29 rowhouse style (townhouses) and no apartment style units for a total of 233 units. In 2020 St. Thomas had 223 single family starts, 54 new semi-detached units, 79 rowhouse style (townhouses) and 167 apartment style units for a total of 523 units. In 2019 St. Thomas had 174 single family starts, 36 semi-detached units, 129 rowhouse style (townhouses) and 6 apartment units for a total of 343 units.
Housing starts in Central Elgin which includes Port Stanley year-to-date January 2021-October 2021 were 132 single family starts, 14 semi-detached units, 27 rowhouse style (townhouses) for a total of 159 units. This compares to the year 2020 which had 93 single family starts and 14 semi-detached starts for a total of 107.
ABOUT CURRENT CONDO PRICES
The average selling price of a condo in St. Thomas in 2021 was $537,900 based on 31 sales.
The average selling price of a condo in St. Thomas in 2020 was $335,600 based on 20 "MLS" sales.
The average selling price of a condo in St. Thomas in 2019 was $318,800 based on 24 "MLS" sales.
The average price of a condo in Port Stanley in 2021 was $625,300 based on 12 MLS Sales. * In this instance the average price indicator is not a good indication of value. We note the difference in selling prices between the lowest and highest selling price was almost $500,000.
The average selling price of a condo in Port Stanley in 2020 was $461,600 based on 11 "MLS" sales.
ABOUT BUILDER'S WEBSITES IN ST. THOMAS
Homebuilder's websites are changing with the times. Homebuilders are now using Facebook, Twitter, LinkedIn, Instagram and Pinterest. Many of them want you to register online and some even offer monthly newsletters.
One part of the story is that there is not any new inventory available to be purchased. It has also got to the point where builders also are holding back on releasing the news of new projects. That is difficult to do unless you find some outer edge of the city location hidden away. Yet it happens.
Why presell units in a market where prices keep going up? Builders today are not as anxious as they were in the past to engage in the activity of presales.
ABOUT WORKING WITH PETER DAOUST
Peter wrote the contents of this site and understands many of the intricacies of the London and St. Thomas condo marketplaces.
Peter is a 2014, 2015 and 2018 contributor to the "REM" magazine which is read by Real Estate Agents all across Canada.
Peter has over 30 years of real estate selling experience in London and has achieved the "Remax Hall of Fame" award.
Please call me at the office 519-649-6000 or direct 519-852-7653.
WHAT'S NEXT
In 2020 the e-commerce giant Amazon started construction on a massive new shipping and sorting centre on a 254 hectares site once home to a Ford Motor factory which closed in 2011. This will bring jobs to the area.
OTHER LOCAL "NEW BUILD" CONDO WEBSITES TO LOOK AT INCLUDE THE FOLLOWING:
- Tricar.com
- Sifton.com
- Fusionhomes.com
- Domusdev.com
- Wastell.ca
- Graystonehomes.ca
- Auburnhomes.ca
- Johnstonehomes.ca
- Ironstonecondos.com
- Rembrandthomes.ca
- Myapplewood.ca
- Forestparkhomes.ca
- Westernvillage.ca
- Millstonehomes.ca
- westhavenhomes.ca
- dougtarryhomes.ca
- foxwood-homes.com
- rockmounthomes.com
- gentrachomes.com
- birchwoodhomes.ca
- prosperityhomes.ca
- urbansignaturehomes.ca
- szetech.com
- livetempo.ca
- evepark.ca
- pulsecommunications.com
- marquisdevelopments.com
- brookridge.ca
- pathazzard.com
