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Suite 205-620A Richmond St.,
London, Ontario N6A 5J9

519-657-8596

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July 24, 2023 by Millstone 0 Comments

June 2023 London-St. Thomas Housing Market Update

Spring Surge and Year-Over-Year Trends

The London-St. Thomas housing market experienced upward momentum in home prices during spring, driven by reduced inventory and increased sales activity- as we predicted in our previous market update post. The average home price for June 2023 is $675,923, reflecting a 1.5% year-over-year decrease, while the median price of $635,000 has declined by 2.3% since June 2022, the declines are slowing massively compared to the past, St. Thomas even saw an average home price of $586,738 indicating a 3% year-over-year increase. Over the past three years, the region has witnessed a substantial 42% growth in average prices even with the substantial pricing downturn.

Sales by the numbers

The London and St. Thomas real estate market saw 543 single-family homes, 108 condo townhouses, and 52 apartments sold in June 2023. Notably, single-family homes’ average sold price remained unchanged at $736,051 year-over-year, while condo townhouses experienced an 8.2% decrease, with an average selling price of $535,360, and apartments had an average selling price of $430,002, up 4% from last year. In June 2023, there were 745 sales, a 12.4% increase from the previous year, and 1,414 new listings, 18.1% less than June 2022. The sales-to-new-listings ratio (SLNR) was 53%, indicating that homes coming to market are being purchased as they are available.

Market Indicators and Predictions

The sale-to-list price ratio for June 2023 was 100.5%, suggesting that houses were selling close to their listed prices. The months of inventory stood at 2.2 months, down from 2.9 months in June 2022 but higher than 1.8 months at the end of the previous month. Even with what seems like quite a few sellers waiting for the right time, the high demand that has reached crisis proportions continues to snap up whatever is being listed. The powers that be have indicated that interest rates are unlikely to go much higher, at this point it’s a matter of seeing how the current rates will continue to affect consumer sentiment. Despite the price increases, London’s housing market remains relatively affordable compared to other Canadian cities like Toronto, where average home prices exceed $1 million.

March 1, 2017 by Millstone 0 Comments

Highland Lottery Dreamhome

One of the two luxurious homes designed and built for the London Lottery Dream Home contest! Located alongside the prestigious Highland Country Club, architecturally, this $1.46 million home has some unique features including the 16 ft vaulted ceilings in the kid’s bedroom, modern furnishings and 25ft patio doors imported from Germany that lead you out to a beautiful deck overlooking the backyard – perfect for entertaining.

This house is jam-packed with everything from candy dispensers, walk-through master closets and furniture sourced from all over the world! Along with the work from our incredible designers, we were able to come up with elegant yet functional design solutions.

In the kitchen for example, you have a “french bakery” theme that is very warm and inviting. The discreet fridge and freezer blend right in with the cabinetry making them near impossible to point out and keeping the design of the kitchen seamless.

For more information on the home and it’s unique features, watch the video below or visit the home gallery here.

Home Specifications:

  • 3 Bedrooms
  • 4 Bathrooms
  • 2,009 sq.ft. Main Floor Area
  • 1,594 sq.ft. 2nd Floor Area
  • 2,009 sq.ft. Unfinished Basement
  • 5,612 sq.ft. Total

 

December 11, 2013 by Millstone 0 Comments

Progress in Upper Richmond…

Staged photos and listing coming this weekend – Last lot in Broughdale Gates. Stay tuned. Here are some cell phone shots for now…

Surrounded by some of London’s most magnificent homes and located in the private cul-de-sac of Broughdale Gates in upper Richmond, this remarkable residence truly stands out with its unique finishes and authentic character.Hundred year-old brick from a church in South London along with custom cast stone trim and blocks adorn the utterly timeless exterior. The pediments were cast from a mould that was designed and hand carved for only this magnificent facade. As with the rest of the interior, no expense was was spared in creating an exterior with character. Everything on the facade is bespoke, from the cast stone trim to the metal chimney top. Stamped concrete drive, walkways and patio ensures maintenance free beauty. The very large garage also impresses with its functionality, a fourth garage door opens to the rear yard.The entry is adorned with a custom designed mosaic made specifically for this project, mirroring the 4 chandeliers hanging over the majestic 2 storey entrance. To the left of the entrance an office/den features stained oak built-in unit, wall panelling and coffered ceiling. To the right, a formal dining room, beautifully detailed with moulded trim, wall and ceiling treatments, topped with an impressive crystal chandelier. Tucked behind is a butler pantry and in the main hallway a wide closet with built-in organizer. The main living area surrounds a two-way fireplace with custom floor to ceiling millwork and mother of pearl surround. The multi-purpose mud-room functions as an entry, a laundry and clothing storage. But let’s not forget it welcomes the homeowner, and with its beautiful fixtures, cabinetry and floor to ceiling mosaic, does just that.One of the most opulent spaces we’ve ever designed, this kitchen is truly a space to behold with intricate on-of-a kind cabinetry and extraordinary finishes. A Wolf gas range sits under a walnut mantle with mother of pearl surround flanked by carved, glass doored cabinets. The large two-tiered island is topped with walnut counter on walnut corbels under two crystal chandeliers. A large walk-in pantry with storage organizer hides behind the left door of a solid wood detailed dresser, and a Sub Zero built-in fridge behind the door on the right.

Upstairs, each chandelier- topped bedroom features large windows with views of the mature trees in the rear yard. There are two full bathrooms besides the ensuite, each featuring exquisite marble mosaic, full height mirrors and chandeliers (there are a total of 15 chandeliers in this home besides the 40 pot lights). The grand master bedroom with its stepped ceiling features a gorgeous walk-in closet with walnut-topped island.

We feel completely justified in calling this en suite a “spa bathroom”. A floor to ceiling glass waterfall frames the freestanding corian tub across from the wall to wall glass shower. The shower features a steam unit, horizontal shower system and heated bench. Details such as ambient lighting and even space to exercise add the final touch to this thoughtfully designed space.

The fully finished basement is over 1500sf of space with the same attention to detail and finishes as the rest of the home. A home theatre complete with built-in dual wall speakers (Proficient 125W system), 110″ screen and projector as well as exercise room and large rec room make the basement a great place to be. Oversized windows, luxurious full bathroom, large bedroom and walk-in closet complete with organizers are testament to the same attention given to the rest of the home.

As with any other home we pride ourselves in having built, we encourage you to compare the features of this home with any other in its range. We truly believe in building unmatched value along with unmatched beauty.

SOME SPEC HIGHLIGHTS:

EXTERIORS – Custom cast stone trim & blocks, locally reclaimed brick (2 stories), stamped concrete drive, walkways and patio, fully landscaped.

APPLIANCES INCLUDED – (Top models, generally highest capacity) Wolf GR366-Red Gas Range, Sub-Zero 736CI-RH Refrigerator, Dishwasher, Miele Dishwasher, 1.4CF Nutid drop-door Microwave, Front-load 5.0 CF Whirpool Washer, Front-load 7.4CF Whirlpool Dryer, Water Softener, Whole home filtration system.

HVAC – Gas range hook-up, Gas barbecue line, HRV system, Humidifier system, 2 way gas fireplace, Programmable thermostat, Heated en suite floor, Heated shower bench.

ELECTRONIC SPECS – Cat 5 and cable wiring to every room. Alarm system with 4 motion zones, sensors on all doors and basement windows, touch screen control (with picture frame function). 8 channel sound system with 16 speakers on all 3 levels. Belt-drive, smart phone controlled garage door openers. Complete home theatre system with built in dual speakers, 110″ screen, 1080P BenQ projector. Central vac (top Nilfisk model). USB wall chargers.

LIGHTING – 15 Chandeliers throughout, over 40 pot lights throughout, LED exterior accent up-lights, upscale designer lighting throughout.

PLUMBING – Grohe fixtures, Corian freestanding tub & filler, horizontal shower system, steam shower, waterfall feature

FLOORING – Wide plank engineered hardwood throughout on both floors, Marble, Custom cut mosaic, Berber carpeted basement.

November 21, 2013 by Millstone 0 Comments

Ultimate Living Space, Unmatched Features in Talbot Village

Over 3,100sf of stunning features and designer finishes. Modern wood panelled fireplace feature in great room opposite designer kitchen with exotic stone slab range surround. HUGE 14’x13′ fully built-in walk in closet featuring his and hers sections with glass topped island! Upscale lighting and plumbing fixtures throughout like freestanding tub and Grohe faucets. Double vanities, tiled, oversized glass shower in both main bath and ensuite.

Millstone Homes quality means it’s in the details you see and feel (from soft close kitchen hinges to the paint finish) and those you can’t like tight building envelope. Unmatched value means you’re not getting a garage door open “rough-in”; you’re getting a top model (silent belt system) included. It means you’re getting more in lighting (fixtures and number of pot-lights), plumbing, and surfaces (from top tier wide hardwood planks to exotic mosaics) than you would anywhere else for the price. Compare the unmatched value for yourself! Currently offered at $550k. Our last lot in Talbot Village! To be built. Interior images of similar model previously built.

October 23, 2013 by Millstone 0 Comments

London’s Unique Fox Field Trail Community, Creekview

Fox Field Trail – Creekview Neighbourhood

London is recognized as one of Ontario’s most livable cities, and North London is a prime example of why it is. What’s more is that we’re bringing Oak Series’ unmatched value and accessible luxury to this Fox Field Trail within the Creekview subdivision.

With schools, shopping, prime entertaining and dining literally down the street, yet on the edge of town in a park-like setting- FoxField is a remarkable place to call home. The list below includes the amenities within 5 minutes, then there’s the bustle of Hyde Park and Masonville, both less than 10 minutes from this great Northwest London location.

As per usual, you’ll soon be seeing some homes here with features unlike any other in this neighborhood. For ground floor deals call us soon, from the interest we’ve had, we expect the homes to move quickly starting in the $360’s – we encourage you to compare. Our lots are located on Tokala Trail within the newest phase next to Fox Field Trail in Creekview.

RESTAURANTS

Boston Pizza
Four Seasons Restaurant
Nov8 Sushi Galore
Montana’s
Union Burger
Kiwi Kraze
Wong’s Garden
Kelsey’s
Crossing’s Grill & Pub
Bernie’s Bar & Grill
Robbie Walkers Fish & Chips
Black Pearl Pub
Crave Restaurant
Wok Box
Wonder Sushi
Main Street Pan Asian Kitchen
The Lunch Lady
Crossing’s Grill & Pub
Lord Gainsborough Restaurant
Franchini Panini
Richie’s Family Restaurant
East Side Mario’s

PIZZA

Panago Pizza
Flying Tomato Pizza
Pizza Pizza
Domino’s

FAST FOOD

KFC / Taco Bell
Quiznos Sub
Wendy’s
McDonalds
Subway
Arby’s
A&W

CAFES

Tim Hortons
Early Riser
Starbucks
Frozen Yogurt
David’s Tea

SCHOOLS

AK Arts Academy
Saint Marguerite D’Youville Catholic School
Family Karate Centres
Emily Carr Public School
The Dance Movement
Artventure Art Studio
St. marguerite D’Youville Elementary School
Jiu-jitsu Academy
Neufeld Learning Systems
Academy of Music
Orchard Park Nursery School Inc
Achievement & Learning Centre

RELIGIOUS CENTRES

Connections Community Church
Church Growth Resources
West Park Baptist Church
Forest CIty Bible Church
Jehovah’s Witnesses
Life International Church
Church of the Hosannas
Trinity Presbyterian Church
Old Roman Catholic Church

CHILD CARE

Whitehills Daycare
YMCA Child Care
Western day Care Early Learning Centre
Orchard Park Nursery School
Kangaroo’s Pouch Day Care
Whitehills Childcare Association
Kidzone Day Care Centre
YMCA Child Care
Kids & Company London
Acorn Christian Day Care

SHOPPING

Winners
Nygard
Globo Shoes
Lojahz
Le Chateau Outlet
Golf Town
Payless Shoe Source
Old Navy
Reitmans
Old Navy
Canadian Tire

BANKS

Scotiabank
RBC Royal Bank
TD Canada Trust
BMO Bank of Montreal
CIBC Branch & ATM
Libro Financial Group

LIBRARIES

London Public Library, Sherwood Branch
Allyn & Betty Taylor Library
London Public Library

February 27, 2013 by Millstone 0 Comments

One of our Oak Homes for Sale

This superlatively designed transitional space is likely the most feature-laden and thoughtfully designed residence available at this price point in North London. The unique design kitchen with overhead doors features soft-closing mechanism, vertical rack drawers, and microwave lift-up style opener. The quartz countertop is specialty fabricated to include a rare 3-inch waterfall over both sides of the kitchen island. Plumbing and lighting fixtures are unique designer pieces throughout the home. Fine tile setting demonstrates attention to detail with the custom patterns and cuts on floors and fully tiled walls. The living room headwall, with its floor to ceiling mosaic fireplace and exotic wall covering, makes for some great atmosphere. All bathrooms include fully tiled feature walls as well; with attention even lent to the tile grid patterns, designed to impart a subtle modern element to the calming atmosphere of the ensuite bath.

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