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Archive for April, 2013

Real Estate market remains strong in St Thomas

March 2013 came in and went out like a lion but St. Thomas weathered the storms of March much better than London. In St Thomas, 50 homes sold in March 2013, the same number as last March. This follows a brisk start to the year with sales up 5% in January 2013 and up 38.9% in February over the same months of 2012.
Year-to-Date sales are up 12.8% in St. Thomas, while the average price for a home Year-to-Date stands at $198,548, up 3.6% from the year before.
Active listings for March are down 1.7% over March 2012 and down only 3.8% Year-to-Date over last year.

The Spring Market was off to a slow start in London in March with 612 home sales, down 20.5% over 2012. New listings were also down 9.4% overall, while inventory – the number of active listings at the end of the month, were down 7.2%.

Compliments of Earl Taylor- Broker
Coldwell Banker at Success Realty

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