Exploring Housing Markets in Southern Ontario

London, Waterloo, and St. Thomas, all nestled in Southern Ontario, boast distinct charms and diverse housing markets.

In general, housing prices exhibit variability based on factors such as location, neighborhood, and the overall health of the housing market. Waterloo, recognized as a tech hub with two major universities, may carry slightly higher price tags compared to St. Thomas. London, on the other hand, presents a mixed landscape, offering various neighborhoods that cater to different budgets.

To gain a comprehensive understanding, let’s delve into the sales data from the last six months in these three cities.

For a detached house with a 2-car garage, you might notice that Waterloo tends to command higher average prices than London and St. Thomas. While St. Thomas could provide a more affordable alternative, it’s crucial to factor in the amenities and services available in each locale.

I’ve created a graph below to visually represent the tabular sales data for your reference.

It’s important to note that housing markets are dynamic and subject to change. To ensure the most accurate and up-to-date information, consider consulting with local real estate agents.

Additionally, the chart below illustrates the price bidding trends in these cities. Waterloo appears to experience high demand, with a consistent trend of buyers paying more than the list price over the last six months.

Feel free to let me know if you need more information or have any specific questions!