Buy with Knowledge and Sell with Confidence by Ron Klingbyle Real Estate Agent Top Producer Serving Windsor Essex County Ontario

 

 

 

WINDSOR REAL ESTATE IN THE NEWS...... JANUARY 2017 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

 

The Stats for the January 2017 Windsor Essex County real state market show the market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price.  Definitely still a Sellers Market, with unit sales increases of 12% year over year comparisons. Bare in mind comparative 2016 numbers were a unprecedented year for the Windsor Essex County real estate region. 

The Windsor Essex County Real Estate Board's MLS statistics reported for January 2017, a total of 364 residential homes were sold for the month (up from 325 for the same month last year). The average sale price of these homes were $219,083(compared to $205,967 during the same month last year up 6.37%). Bare in mind when comparing the average sale prices, the mix includes strong new home construction sales. Increased demand for new builds, buyers are pursuing new build homes as a result of high priced resale homes.

Continued strong buyer demand on residential listings for the month, new listings for the month at 587, up 15.55% from residential listings last year at 508.  Residential Sales/Listing Ratio hit a YTD annual average of 62.01% and showed a monthly trend at 62.01%. Legitimate Sellers Market for the 22th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $219,083 YTD from $205,967 year over year comparisons, up 6.37%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

The top three most popular areas to buy a house this month within the Essex County Region, included Windsor and Tecumseh Ontario 241 residential home sales, LaSalle Ontario 16 residential home sales and Amherstburg Ontario 17 residential home sales.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

 

WINDSOR REAL ESTATE IN THE NEWS...... DECEMBER 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

2016 has been an unprecedented year within the Windsor Essex County region.   The Windsor Essex County Ontario real state market closed in 2016 with continued strong buyer demand, exceeding listing introduced to the market in December. The Residential Sales/Listing Ratio inverted this month with unit sales exceeding unit listing, details as noted below.  Definitely still a Sellers Market, with unit sales increases of 18.7% year over year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for December 2016, a total of 355 residential homes were sold for the month (up from 299 for the same month last year). The average sale price of these homes were $220,053(compared to $202,838 during the same month last year up 8.5%). Bare in mind when comparing the average sale prices, the mix includes strong new home construction sales. Increased demand for new builds, buyers are pursuing new build homes as a result of high priced resale homes.

Continued strong buyer demand on residential listings for the month, new listings for the month at 304, down 4.7% from residential listings last year at 319.  Residential Sales/Listing Ratio hit a YTD annual average of 74.90% and showed a monthly trend at 116.7%. Legitimate Sellers Market for the 21th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $225,906 YTD from $200,867 year over year comparisons, up 12.4%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

The top three most popular areas to buy a house this month within the Essex County Region, included Windsor Ontario 271 residential home sales, LaSalle Ontario 24 residential home sales and Amherstburg Ontario 15 residential home sales.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

 

WINDSOR REAL ESTATE IN THE NEWS...... NOVEMBER 2016 MARKET REPORT TO DATE:

Real Estate Market Update for the Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County Ontario real state market still has steam respective of continued strong buyer demand and continued buyer bidding wars, but not as aggressive as noted in the past. Still a Sellers Market, with unit sales increases of 7.28% year over year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for November 2016, a total of 486 residential homes were sold for the month (up from 453 for the same month last year). The average sale price of these homes were $230,754(compared to $198,307 during the same month last year up 12.70%). Bare in mind when comparing the average sale prices, the mix includes strong new home construction sales. Increased demand for new builds, buyers are pursuing new build homes as a result of high priced resale homes.

Continued strong buyer demand on residential listings for the month, new listings for the month at 601, down 4.52% from residential listings last year at 575.  Residential Sales/Listing Ratio hit a YTD annual average of 73.50% and showed a monthly trend at 80.9%. Legitimate Sellers Market for the 20th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $226,193 YTD from $200,823 year over year comparisons, up 12.63%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

The top three most popular areas to buy a house this month within the Essex County Region, included Windsor Ontario 347 residential home sales, LaSalle Ontario 39 residential home sales and Amherstburg Ontario 25 residential home sales.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

 

WINDSOR REAL ESTATE IN THE NEWS...... OCTOBER 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County Ontario real state market still has steam respective of continued strong buyer demand and continued buyer bidding wars, but not as aggressive as noted in the past. Still a Sellers Market, but with unit sales decreases of 6.00% year over year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for October 2016, a total of 470 residential homes were sold for the month (down from 500 for the same month last year). The average sale price of these homes were $230,764(compared to $200,813 during the same month last year up 12.61%). Bare in mind when comparing the average sale prices, the mix includes strong new home construction sales. Increased demand for new builds, buyers are pursuing new build homes as a result of high priced resale homes.

Continued strong buyer demand on residential listings for the month, new listings for the month at 673, down 3.3% from residential listings last year at 696.  Residential Sales/Listing Ratio hit a YTD annual average of 73.00% and showed a monthly trend at 70.1%. Legitimate Sellers Market for the 19th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $226,468 YTD from $201,115 year over year comparisons, up 12.61%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

The top three most popular areas to buy a house this month within the Essex County Region, included Windsor Ontario 307 residential home sales, Amherstburg Ontario 33 residential home sales and LaSalle Ontario 31 residential home sales.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... SEPTEMBER 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market still has steam respective of continued strong buyer demand and continued buyer bidding wars, but not as aggressive as noted in the past. With unit sales increases of 8.86% year over year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for September 2016, a total of 553 residential homes were sold for the month (up from 508 for the same month last year). The average sale price of these homes were $217,439(compared to $196,082 during the same month last year up 10.89%). Bare in mind when comparing the average sale prices, the mix includes strong new home construction sales. Increased demand for new builds, buyers are pursuing new build homes as a result of high priced resale homes.

Continued strong buyer demand on residential listings for the month, new listings for the month at 684, down 3.25% from residential listings last year at 707.  Residential Sales/Listing Ratio hit a YTD annual average of 73.01% and showed a monthly trend at 80.9%. Legitimate Sellers Market for the 18th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $226,262 YTD from $201,175 year over year comparisons, up 12.47%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... JULY 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market has finally decided to settle down, but still has steam respective of continued strong buyer demand and continued buyer bidding wars, but not as aggressive as noted in the past. With unit sales increases of a nominal 0.96% increase with year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for July 2016, a total of 634 residential homes were sold for the month (up from 628 for the same month last year). The average sale price of these homes were $233,948(compared to $206,201 during the same month last year up 13.46%). Bare in mind when comparing the average sale prices, the mix includes strong new home sales. Continued strong buyer demand on residential listings for the month, new listings for the month at 870, down 2.79% from residential listings last year at 895.  Residential Sales/Listing Ratio hit a YTD annual average of 71.8% and showed a monthly trend at 72.8%. Legitimate Sellers Market for the 17th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.   The effect of all of this has driven the average sales price up to $225,818 YTD from $198,371 year over year comparisons, up13.84%. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... JUNE 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price. We are experiencing double digit growth with unit sales increases of 20.4% year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for June 2016, a total of 720 residential homes were sold for the month (up from 598 for the same month last year). The average sale price of these homes were $231,880(compared to $198,801 during the same month last year up 16.64%). Continued strong buyer demand on residential listings for the month, new listings for the month at 959, up 10.23% from residential listings last year at 870.  Residential Sales/Listing Ratio hit a YTD annual average of 71.5% and showed a monthly trend at 75.1%. Legitimate Sellers Market for the 16th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.   The effect of all of this has driven the average sales price up to $224,151 YTD from $196,673 year over year comparisons. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

 

Windsor / Essex County -  Monthly MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... MAY 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price. We are experiencing double digit growth with unit sales increases of 18.71% year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for May 2016, a total of 698 residential homes were sold for the month (up from 588 for the same month last year). The average sale price of these homes were $235,011(compared to $208,441 during the same month last year up 12.75%). Continued strong buyer demand on residential listings for the month, new listings for the month at 986, up 1.65% from residential listings last year at 970.  Residential Sales/Listing Ratio hit a YTD annual average of 70.7% and showed a monthly trend at 70.8%. Legitimate Sellers Market for the 15th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.   The effect of all of this has driven the average sales price up to $211,443 YTD from $196,693 year over year comparisons. In my opinion this demand is spurred by a low inventory of listings, out of town buyers relocating to the area, continued low interest rates, and the local employment workforce feeling strong job security resulting in high buyer confidence.

 

Windsor / Essex County - This month's MLS Statistic Charts 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... APRIL 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price. We are experiencing double digit growth with sales increases of 16.67% year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for April 2016, a total of 679 residential homes were sold for the month (up from 582 for the same month last year). The average sale price of these homes were $227,520(compared to $199,586 during the same month last year). Continued strong buyer demand on residential listings for the month, new listings for the month at 596, up 14.18% from residential listings last year at 522.  Residential Sales/Listing Ratio hit a YTD annual average of 70.4% and showed a monthly trend at 71.7%. Legitimate Sellers Market for the 14th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $227,520 YTD from $199,586 year over year comparisons. In my opinion this demand is spurred by low inventory listings, out of town buyers relocating to the area, continued interest rates, the local employment workforce feeling strong job security working continued excess overtime, resulting in high buyer confidence.

 

Windsor / Essex County - This month's MLS Statistic Charts

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... MARCH 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price. We are experiencing double digit growth with sales increases of 25.44% year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for March 2016, a total of 567 residential homes were sold for the month (up from 452 for the same month last year). The average sale price of these homes were $216,860(compared to $197,566 during the same month last year). Continued strong buyer demand on residential listings for the month, new listings for the month at 774, up 2.11% from residential listings last year at 758.  Residential Sales/Listing Ratio hit a YTD annual average of 68% and showed a monthly trend at 73.3%. Legitimate Sellers Market for the 13th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $211,211 YTD from $189,433 year over year comparisons. In my opinion this demand is spurred by low inventory listings, out of town buyers relocating to the area, continued interest rates, the local employment workforce feeling strong job security working continued excess overtime, resulting in high buyer confidence.

 

Windsor / Essex County - This month's MLS Statistic Charts

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... FEBRUARY 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

The Windsor Essex County real state market continues to be a robust hot market with no end in sight. Continued strong buyer demand resulting in buyer bidding wars and with listings selling over list price. We are experiencing double digit growth with sales increases of 15.04% year over year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for February 2016, a total of 413 residential homes were sold for the month (up from 359 for the same month last year). The average sale price of these homes were $208,984(compared to $192,163 during the same month last year). Continued strong buyer demand on residential listings for the month, new listings for the month at 596, up 14.18% from residential listings last year at 522.  Residential Sales/Listing Ratio hit a YTD annual average of 68% and showed a monthly trend at 69.3%. Legitimate Sellers Market for the 12th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressures on prices.  The effect of all of this has driven the average sales price up to $207,090 YTD from $183,692 year over year comparisons. In my opinion this demand is spurred by low interest rates, the local employment workforce feeling strong job security working continued excess overtime, resulting in high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

 

WINDSOR REAL ESTATE IN THE NEWS...... JANUARY 2016 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Despite the cold weather cold the Windsor Essex County real state market is still hot. A continued robust hot market in 2016 with strong buyer demand resulting in continued buyer bidding wars, listings selling over list price. Double digit growth with sales increases of 16.49% year to year comparisons.

 

The Windsor Essex County Real Estate Board's MLS statistics reported for January 2016, a total of 325 residential homes were sold (up from 279 for the same month last year). The average sale price of these homes were $205,967(compared to $173,528 during the same month last year). So with all this demand and listings for the month at 508 down from last year at 623.  Sales/Listing Ratio hit an annual average of 63.9% and showed a monthly trend at 63.9%.  Legitimate Sellers Market for a 11th straight month (>60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $205,967 YTD from $173,528. In my opinion this demand is spurred by low, low interest rates, employment workforce feeling strong job security working continued excess overtime resulting in high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... DECEMBER 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

2015 was record breaking year for the Windsor Essex County Region. It was a year where the average residential sales price broke record levels in excess of $200,000.  It was a year where it was a truly a Legitimate Sellers Market for 10 months straight in row, and with a December month close with Double digit growth in sales increases of 25.1% year to year comparisons. We experienced a extreme lack of inventory with strong buyer demand, commonly resulting in buyer bidding wars and listings selling over list price.  Will this thread continue.......?  I anticipate yes, it is projected interest rates will remain low, and the employment workforce will still feel a sense of strong job security with continued excess overtime.  In 2016 I anticipated higher housing demands as a result of thousands of out of town laborers migrating to this area to commence work on the new Gordie Howe International Bridge, with a scheduled completion date of 2020.

The Windsor Essex County Real Estate Board's MLS statistics reported for December 2015, a total of 299 residential homes were sold (up from 239 for the same month last year). The average sale price of these homes were $202,838(compared to $183,398 during the same month last year). So with all this demand and listings for the month at 319 down from last year at 341.  Sales/Listing Ratio hit an annual average of 70% and showed a monthly trend at 93.7%.  Legitimate Sellers Market for a 10th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $200,867 YTD from $191,581. In my opinion this demand is spurred by low, low interest rates, employment workforce feeling strong job security working continued excess overtime resulting in high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... NOVEMBER 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Continued robust hot market with strong buyer demand resulting in continued buyer bidding wars, listings selling over list price. Double digit growth with sales increases of 21.45% year to year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for November 2015, a total of 453 residential homes were sold (up from 373 for the same month last year). The average sale price of these homes were $198,307(compared to $187,197 during the same month last year). Listings for the month at 575 up from last year at 533.  Sales/Listing Ratio hit an annual average of 68% and showed a monthly trend at 78.8%.  Legitimate Sellers Market for a 9th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $200,823 YTD from $191,977. In my opinion this demand is spurred by low, low interest rates, employment workforce working continued excess overtime and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... OCTOBER 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Continued robust hot market with strong buyer demand resulting in continued buyer bidding wars, listings selling over list price. Double digit growth with sales increases of 19.62% year to year comparisons.

The Windsor Essex County Real Estate Board's MLS statistics reported for October 2015, a total of 696 residential homes were sold (up from 676 for the same month last year). The average sale price of these homes were $200,813(compared to $192,124 during the same month last year). So with all this demand and listings nominally up for the month at 696 from last year at 976.  Sales/Listing Ratio hit an annual average of 67% and showed a monthly trend at 71.8%.  Legitimate Sellers Market for a 8th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $201,115 YTD from $192,124. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... SEPTEMBER 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Continued robust hot market with buyer bidding wars, listings selling over list price. Double digit growth with sales increases of 16.51% year to year comparisons.  

The Windsor Essex County Real Estate Board's MLS statistics reported for September 2015, a total of 508 residential homes were sold (up from 436 for the same month last year). The average sale price of these homes were $196,082(compared to $192,993 during the same month last year). So with all this demand and listings for the month at 707 down from last year at 751.  Sales/Listing Ratio hit an annual average of 66.5% and showed a monthly trend at 71.8%.  Legitimate Sellers Market for a 7th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $201,175 YTD from $191,969. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... AUGUST 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Continued Red Hot Robust double digit growth with sales increases of 14.76% year to year comparisons.  

The Windsor Essex County Real Estate Board's MLS statistics reported for August 2015, a total of 591 residential homes were sold (up from 515 for the same month last year). The average sale price of these homes were $216,957(compared to $193,250 during the same month last year). Listings for the month at 794 up from last year at 719.  Sales/Listing Ratio hit an annual average of 65.7% and showed a monthly trend at 74%.  Legitimate Sellers Market for a 6th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $201,671 YTD from $191,280. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

  

WINDSOR REAL ESTATE IN THE NEWS...... JULY 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

Continued double digit growth with sales increases of 16.15% year to year comparisons,  

The Windsor Essex County Real Estate Board's MLS statistics reported for July 2015, a total of 657 residential homes were sold (up from 612 for the same month last year). The average sale price of these homes were $209,507(compared to $202,757 during the same month last year). So with all this demand and listings for the month at 907 down from last year at 964.  Sales/Listing Ratio hit an annual average of 65% and showed a monthly trend at 72%.  Legitimate Sellers Market for a 5th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $196,634 YTD from $189,415. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... JUNE 2015 MARKET REPORT TO DATE:

 

We've just topped our best real estate month in May with a better month in June. Listings are up 6.75% for the month and sales increased 22% over last year at a torrid pace. We continue to experience double digit growth with sales increase of 22% for the month to month and year to year comparisons  

The Windsor Essex County Real Estate Board's MLS statistics reported for June 2015, a total of 682 residential homes were sold (up from 536 for the same month last year). The average sale price of these homes were $197,595(compared to $204,195 during the same month last year). So with all this demand and listings for the month at 908 up from last year at 870.  Sales/Listing Ratio hit an annual average of 63% and showed a monthly trend at 70%.  legitimate Sellers Market for a 4th straight month (<60% is a Sellers Market). Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $195,800 YTD from $188,210. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

WINDSOR REAL ESTATE IN THE NEWS...... MAY 2015 MARKET REPORT TO DATE:

 

Continued double digit growth, the Spring Market is hot, sales are 80 (12% up) from a year ago!  

The Windsor Essex County Real Estate Board's MLS statistics reported for May 2015, a total of 721 residential homes were sold (up from 641 for the same month last year). Y-T-D sales 2,768 up from 2,274 last year.

The average sale price of these homes were $207,478(compared to $186,168 during the same month last year). So with all this demand and listings for the month at 1005 fractionally up from last year at 922, continued legitimate Sellers Market territory as our Sales/Listing Ratio annual average of 61% and showed a monthly trend at 62%. As noted <60% is a Sellers Market. Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $196,433 YTD from $185,268. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... APRIL 2015 MARKET REPORT TO DATE:

 

With the start of our early traditional Spring Market we are already 109 (29.86% up) sales ahead of one year ago!  

The Windsor Essex County Real Estate Board's MLS statistics reported for April 2015, a total of 682 residential homes were sold (up from 536 for the same month last year). The average sale price of these homes were $199,586(compared to $190,476 during the same month last year). So with all this demand and listings for the month at 1141 fractionally down from last year at 1158, we are now in legitimate Sellers Market territory as our Sales/Listing Ratio hit an annual average of 61% and showed a monthly trend at 65%. As noted <60% is a Sellers Market. Based on current market conditions expect continued upward pressure on prices.  The effect of all of this has been to drive the average sales price up to $192,733 YTD from $182,027. In my opinion this demand is spurred by low, low interest rates and high buyer confidence.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... MARCH 2015 MARKET REPORT TO DATE:

 

The Windsor Essex County Real Estate Board's MLS statistics reported for March 2015, a total of 513 residential homes were sold (up from 403 for the same month last year). The average sale price of these homes were $197,566(compared to $176,067 during the same month last year). Even the abnormally cooler weather hasn't served as a deterrent for Buyers. Nevertheless we are now 29.27% ahead of last years in residential units sold. The effect of all of this has been to drive the average sales price up to $189,433 YTD from $177,260 last year. Just reviewing these numbers will give you the sense of upward pressure we are experiencing on price.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... FEBRUARY 2015 MARKET REPORT TO DATE:

 

The Market is heating up even with it being cold, we are already 40 sales ahead of one year ago! February 2015 listings year to date are on pace with last year with 1622 taken so far compared to 1618 last year.

So with all this demand on listings, if your a Seller you should achieve good value for your home. Yes, finding one will continue to be challenging, but with lower borrowing costs it's a great market for either Buyer or Seller overall.

The Windsor Essex County Real Estate Board's MLS statistics reported for February 2015, a total of 415 residential homes were sold (up from 318 for the same month last year, 32.47% increase). The effect of this has been to drive the average sales price up to $192,163 for the month and a move in the annualized rate from $173,528 to $183,692.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... JANUARY 2015 MARKET REPORT TO DATE:

Windsor Essex County Ontario Real Estate Homes Houses for Sale Free Home Evaluations

 

January 2015 started almost exactly the same as 851 properties were listed this month compared to 859 last year.  While that may be okay, we can see that demand seems to be way up. Sales to listing ratio 47% for the month, up from 39% for the same month last year.  January 2015 started off with a bang with sales we experienced a 25% increase for the month over last year month comparison.  We would attribute this to tamer weather this year as last year buyers stayed indoors.  2015 returned to more of a normal month for January.

So with all this demand on listings, if your a Seller you should achieve good value for your home. Yes, finding one will continue to be challenging, but with lower borrowing costs it's a great market for either Buyer or Seller overall.

The Windsor Essex County Real Estate Board's MLS statistics reported for January 2015, a total of 301 residential homes were sold (up from 244 for the same month last year). The average sale price of these homes were $174,061(compared to $173,492 during the same month last year). So with all this demand and listings only fractionally up you’d think the average price may have escalated?  You’d be wrong as the average sales price was a lonely $173,492.  Remember we ended 2014 with an average sales price of $191,604.  However we must remember that January is not reflective of the entire buyer market especially regarding new home sales, and other buyers who usually come to buy in the Spring market.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... DECEMBER 2014 MARKET REPORT TO DATE:

 

If you’re a Seller you should achieve good value for your home, but finding one may be more of a test than in previous years.  If you’re a Buyer expect to pay a little more, but take consolation in the fact that lower borrowing costs will offset any “shock” over the increase.  Great market for either Buyer or Seller overall. One would think with a listing ratio to sales of 60% for the month, it would indicate a seller's market territory, but when annualized with a year to date ratio of 52%, the market seems right at the cusped of becoming a Seller's market but remains just short. Still the market remains steady and strong, sale and listings are comparable to last year, with increases in average sale prices year over year of 4.7%.

It is expected with recent news of job security and some new jobs that the Windsor market will continue to grow in 2015, especially since financing continues to be very affordable and will likely stay that way in the wake of oil uncertainty in the West.

The Windsor Essex County Real Estate Board's MLS statistics reported for December 2014, a total of 432 residential homes were sold (up from 376 for the same month last year). The average sale price of these homes were $184,478(compared to $183,069 during the same month last year).

The average sale price year to date close is at $191,604, compare to last year at $183,400. Year to date a total of 6,104 units sold, compared to year to date last year at 5,924. There are now 3,221 active residential listing homes on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... NOVEMBER 2014 MARKET REPORT TO DATE:

 

One would think with a listing ratio to sales of 60% for the month, it would indicate a seller's market territory, but when annualized with a year to date ratio of 52%, the market seems right at the cusped of becoming a Seller's market but remains just short. Still the market remains steady and strong, sale and listings are comparable to last year, with increases in average sale prices year over year of 4.7%.

According to the Windsor Essex County Real Estate Board's MLS statistics reported for November 2014, a total of 461 residential homes were sold (up from 438 for the same month last year). The average sale price of these homes were $186,359(compared to $179,180 during the same month last year).

The average sale price year to date close is at $191,928, compare to last year at $183,394. Year to date a total of 5,732 units sold, compared to year to date last year at 5,714. There are now 3,528 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... OCTOBER 2014 MARKET REPORT TO DATE:

 

The market seems to be normalize now, we've settled back into a market that is right at the cusped of becoming a Seller's market but remains just short. Still the market remains steady and strong, sale and listings are comparable to last year, with increases in average sale prices year over year of 3.7%.

According to the Windsor Essex County Real Estate Board's MLS statistics reported for October 2014, a total of 507 residential homes were sold (down from 514 for the same month last year). The average sale price of these homes were $195,212(compared to $190,965 during the same month last year).

The average sale price year to date close is at $189,583, compare to last year at $182,646. Year to date a total of 5,273 units sold, compared to year to date last year at 5,276. There are now 3,702 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS.... SEPTEMBER 2014 MARKET REPORT TO DATE:

 

Windsor Essex County Real Estate has scaled back from the roaring summer months to a more real and cooler September. Still steady and strong, sale and listings are comparable to last year.

According to the Windsor Essex County Real Estate Board's MLS statistics reported for September 2014, a total of 530 residential homes were sold (up from 527 for the same month last year). The average sale price of these homes were $192,169(compared to $190,325 during the same month last year).

The average sale price year to date close is at $186,037, compare to last year at $181,369. Year to date a total of 4,769 units sold, up compared to year to date last year at 4,762. There are now 3,968 active residential listing homes on the MLS system.

 

WINDSOR REAL ESTATE IN THE NEWS...... AUGUST 2014 MARKET REPORT TO DATE:

 

Sales in terms of unit sales are almost identical to last year, which means it’s taken us to August to “catch up” a jump of 14% in unit sales for August certainly helped the cause. Sales to Listing Ratios in almost every area continue to climb to the point that we are definitely in Seller Market territory where the average Listing / Sales ratio for the month is 71.6% and 59.4% for the year.

Listing continue to weaken, which only means that Sellers seem unwilling to take advantage (to sell) in this market return to Seller’s territory. It has been a while, so it may take them some time to get used to the idea.  Sales Volume has increased by 6% which means we are experiencing more “trade up” sales.

According to the Windsor Essex County Real Estate Board's MLS statistics reported for August 2014, a total of 625 residential homes were sold (up from 525 for the same month last year). The average sale price of these homes were $197,006(compared to $193,013 during the same month last year).

The average sale price year to date close is at $191,848, compare to last year at $182,730. Year to date a total of 4,221 units sold, up compared to year to date last year at 4,235. There are now 3,968 active residential listing homes on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... JULY 2014 MARKET REPORT TO DATE:

 

The Market is Hot just like the whether.... According to the Windsor Essex County Real Estate Board's MLS statistics reported for July 2014, a total of 691 residential homes were sold (up from 592 for the same month last year). The average sale price of these homes were $202,971(compared to $185,523 during the same month last year). As for the Top 5 home styles for the month, raised ranches 94 of these home types were sold, with the average sale price of $232,264. As for bungalow's / ranches style homes - 178 homes were sold for an average price of $178,653. 101 2 storeys sold, averaging $312,067, and 79 one and one half stories also sold, at an average sale price of $158,400. 1 3/4 Storey - 28 sold for an average sale price of $171,234. The average sale price year to date close is at $191,084, compare to last year at $181,350. Year to date a total of 3,603 units sold, down compared to year to date last year at 3,639. There are now 3,934 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Esate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... JUNE 2014 MARKET REPORT TO DATE:

 

According to the Windsor Essex County Real Estate Board's MLS statistics reported for June 2014, a total of 556 residential homes were sold (up from 525 for the same month last year). The average sale price of these homes were $203,172(compared to $187,902 during the same month last year). As for the Top 5 home styles for the month, raised ranches 93 of these home types were sold, with the average sale price of $227,254. As for bungalow's / ranches style homes - 154 homes were sold for an average price of $172,861. 73 2 storeys sold, averaging $289,268, and 59 one and one half stories also sold, at an average sale price of $158,400. 1 3/4 Storey - 22 sold for an average sale price of $129,059. The average sale price year to date close is at $187,545, compare to last year at $180,645. Year to date a total of 2,831 units sold, down compared to year to date last year at 3,008. There are now 4,096 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... MAY 2014 MARKET REPORT TO DATE:

According to the Windsor Essex County Real Estate Board's MLS statistics reported for May 2014, a total of 596 residential homes were sold (down from 601 for the same month last year). The average sale price of these homes were $185,292(compared to $188,249 during the same month last year). As for the Top 5 home styles for the month, raised ranches 92 of these home types were sold, with the average sale price of $218,364. As for bungalow's / ranches style homes - 151 homes were sold for an average price of $167,267. 73 2 storeys sold, averaging $244,358, and 69 one and one half stories also sold, at an average sale price of $124,367. 1 3/4 Storey - 32 sold for an average sale price of $152,369. The average sale price year to date close is at $183,446, compare to last year at $179,251. Year to date a total of 2,233 units sold, down compared to year to date last year at 2,496. There are now 4,137 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... APRIL 2014 MARKET REPORT TO DATE:

 

Market still down from last year as result of the cold snowy weather.  According to the Windsor Essex County Real Estate Board's MLS statistics reported for April 2014, a total of 536 residential homes were sold (down from 563 for the same month last year). The average sale price of these homes were $190,476(compared to $179,229 during the same month last year). As for the Top 5 home styles for the month, raised ranches 75 of these home types were sold, with the average sale price of $215,254. As for bungalow's / ranches style homes - 146 homes were sold for an average price of $172,255. 78 2 storeys sold, averaging $248,368, and 48 one and one half stories also sold, at an average sale price of $137,271. 1 3/4 Storey - 19 sold for an average sale price of $131,677. The average sale price year to date close is at $182,027, compare to last year at $176,101. Year to date a total of 1,601 units sold, down compared to year to date last year at 1,819. There are now 4,000 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... MARCH 2014 MARKET REPORT TO DATE:

 

With a recent break in cold snowy weather the Windsor real estate market has improved from a bumpy start for 2014, according to the Windsor Essex County Real Estate Board's MLS statistics reported for March 2014, a total of 403 residential homes were sold (down from 408 for the same month last year). The average sale price of these homes were $176,067(compared to $179,271 during the same month last year). As for the Top 5 home styles for the month, raised ranches 53 of these home types were sold, with the average sale price of $218,024. As for bungalow's / ranches style homes - 103 homes were sold for an average price of $159,225. 47 2 storeys sold, averaging $223,568, and 39 one and one half stories also sold, at an average sale price of $118,561. 1 3/4 Storey - 19 sold for an average sale price of $156,247. The average sale price year to date close is at $177,290, compare to last year at $173,002. Year to date a total of 878 units sold, down compared to year to date last year at 1,054. There are now 3,646 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... FEBRUARY 2014 MARKET REPORT TO DATE:

 

Off to a continued snowy bumpy start for 2014, according to the Windsor Essex County Real Estate Board's MLS statistics reported for February 2014, a total of 318 residential homes were sold (down from 402 for the same month last year). The average sale price of these homes were $185,651(compared to $174,357 during the same month last year). As for the Top 5 home styles for the month, raised ranches 45 of these home types were sold, with the average sale price of $217,954. As for bungalow's / ranches style homes - 72 homes were sold for an average price of $149,536. 40 2 storeys sold, averaging $258,321, and 31 one and one half stories also sold, at an average sale price of $112,541. Condos - 15 sold for an average sale price of $123,980. The average sale price year to date close is at $179,894, compare to last year at $169,746. Year to date a total of 609 units sold, down compared to year to date last year at 800. There are now 3,362 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... JANUARY 2014 MARKET REPORT TO DATE:

Off to a bumpy start for 2014, according to the Windsor Essex County Real Estate Board's MLS statistics reported for January 2014, a total of 269 residential homes were sold (down from 379 for the same month last year). The average sale price of these homes were $175,817(compared to $166,204 during the same month last year). As for the Top 5 home styles for the month, raised ranches 30 of these home types were sold, with the average sale price of $222,304. As for bungalow's / ranches style homes - 78 homes were sold for an average price of $157,726. 36 2 storeys sold, averaging $248,510, and 26 one and one half stories also sold, at an average sale price of $109,226. Apartments - 15 houses sold for an average sale price of $149,223. The average sale price year to date close is at $175,817, compare to last year at $166,204. Year to date close units sold is at 269, compared to last year at 269, down 29%. There are now 3,302 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Esate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... DECEMBER 2013 MARKET REPORT TO DATE:

The Windsor Essex County Real Estate Board's MLS statistics reported in December 2013, a total of 287 residential homes were sold (up from 265 for the same month last year). The average sale price of these homes were $186,203(compared to $182,295 during the same month last year). As for the Top 5 home styles for the month, raised ranches 26 of these home types were sold, with the average sale price of $222,928. As for bungalow's / ranches style homes - 79 homes were sold for an average price of $164,352. 46 2 storeys sold, averaging $238,040, and 42 one and one half stories also sold, at an average sale price of $134,052. Raised Ranch w/bonus room style - 9 houses sold for an average sale price of $271,534. The average sale price year to date close is at $183,523, compare to last year at $175,581. Year to date close units sold is at 6,005, compared to last year at 5782, up 4%.  There are now 3,235 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR REAL ESTATE IN THE NEWS...... NOVEMBER 2013 MARKET REPORT TO DATE:

The Windsor Essex County Real Estate Board's MLS statistics reported in November 2013, a total of 412 residential homes were sold (down from 415 for the same month last year). The average sale price of these homes were $178,160(compared to $169,141 during the same month last year). As for home styles, raised ranches 42 of these home types were sold, with the average sale price of $228,937. As for bungalow's / ranches style homes - 100 homes were sold for an average price of $159,149. 63 2 storeys sold, averaging $204,063, and 51 one and one half stories also sold, at an average sale price of $124,191. Townhouse style - 16 houses sold for an average sale price of $119,009. The average sale price year to date is at $183,380, compare to last year at $175,287. There are now 3,483 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

WINDSOR REAL ESTATE IN THE NEWS...... OCTOBER 2013 MARKET REPORT TO DATE:

The Windsor Essex County Real Estate Board's MLS statistics reported in October 2013, a total of 491 residential homes were sold (up from 476 for the same month last year). The average sale price of these homes were $188,199(compared to $174,511 during the same month last year). As for home styles, raised ranches 58 of these home types were sold, with the average sale price of $217,523. As for bungalow's / ranches style homes - 127 homes were sold for an average price of $167,864. 64 2 storeys sold, averaging $264,192, and 64 one and one half stories also sold, at an average sale price of $164,531. Back Split's - 18 houses sold for an average sale price of $165,658. The average sale price year to date is at $183,513, compare to last year at $175,814. There are now 3,820 active residential listing homes on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... SEPTEMBER 2013 MARKET REPORT TO DATE:

The Windsor Essex County Real Estate Board's MLS statistics reported in September, 2013 a total of 498 residential homes were sold (up from 404 for the same month last year). The average sale price of these homes were $184,899(compared to $181,976 during the same month last year). As for home styles, raised ranches 73 of these home types were sold, with the average sale price of $220,625. As for bungalow's / ranches style homes - 131 homes were sold for an average price of $151,234. 63 2 storeys sold, averaging $252,952, and 51 one and one half stories also sold, at an average sale price of $113,121. One and three quarter storie's - 23 houses sold for an average sale price of $201,726. The average sale price year to date is at $184,899, compare to last year at $181,976. There are now 3,990 active residential listing homes on the MLS system

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... AUGUST 2013 MARKET REPORT TO DATE:

According to the Windsor Essex County Ontario Real Estate Board's MLS statistics, in August 2013 a total of 524 residential homes were sold (up from 514 for the same month last year). The average sale price of these homes were $192,487(compared to $183,082 during the same month last year). As for home styles, ranches 33 of these home types were sold, with the average sale price of $257,620. As for raised ranch style homes - 74 homes were sold for an average price of $233,015. 76 2 storeys sold, averaging $267,263, and 48 one and one half stories also sold, at an average sale price of $138,753. Bungalow's - 122 houses sold for an average sale price of $164,294. The average sale price year to date is at $182,523, compare to last year at $175,598. There are now 4,215 active residential listing homes on the MLS system

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... JANURARY 2013 MARKET REPORT TO DATE:

A strong start for 2013, the Windsor Essex County Real Estate Board reported in January 2013 a total of 379 residential homes were sold (up from 328 for the same month last year). The average sale price of these homes were $166,204(compared to $168,929 during the same month last year). As for home styles, ranches 76 of these home types were sold, with the average sale price of $185,627. As for raised ranch style homes - 57 homes were sold for an average price of $215,826. 37 2 storeys sold, averaging $223,421, and 45 one and one half stories also sold, at an average sale price of $102,417. Bungalow's - 45 houses sold for an average sale price of $88,922. The average sale price year to date is at $166,204, compare to last year at $168,929. There are now 3,783 active residential listing homes on the MLS system.

BANK OF CANADA RATE ON HOLD LIKELY UNTIL 2014

The Bank acknowledged that Canadian economic growth slowed more abruptly in the second half of 2012 than it had previously anticipated. Inflation expected to return to 2 per cent, hat means the Bank is in no hurry to raise interest rates anytime soon, with the first such move in that direction unlikely to be for at least another year. It has been unchanged at this level since the beginning of June 2012.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... DECEMBER 2012 MARKET REPORT TO DATE:

 

With the close the of year for 2012, the Windsor Essex County Real Estate Board reported in December 2012 a total of 265 residential homes were sold (down from 290 for the same month last year). The average sale price of these homes were $182,295(compared to $168,546 during the same month last year). As for home styles, ranches 32 of these home types were sold, with the average sale price of $165,244. As for raised ranch style homes - 51 homes were sold for an average price of $207,556. 27 2 storeys sold, averaging $273,291, and 25 one and one half stories also sold, at an average sale price of $125,261. Bungalow's - 30 houses sold for an average sale price of $93,112. The average sale price year to date is at $175,581, compare to last year at $170,034. There are now 3,773 active residential listing homes on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... NOVEMBER 2012 MARKET REPORT TO DATE:

According to the Essex County Real Estate Board's MLS statistics in November, 2012 a total of 415 residential homes were sold (up from 365 for the same month last year). The average sale price of these homes were $169,141(compared to $161,151 during the same month last year). As for home styles, ranches 74 of these home types were sold, with the average sale price of $174,554. As for raised ranch style homes - 39 homes were sold for an average price of $214,212. 49 2 storeys sold, averaging $258,233, and 47 one and one half stories also sold, at an average sale price of $119,241. Bungalow's - 45 houses sold for an average sale price of $90,721. The average sale price year to date is at $175,287, compare to last year at $170,105. There are now 4,068 active residential listing homes on the MLS system.

2020 at the earilest for the Grand Opening for the New Detriot River Bridge

Road construction is well under way here on the Windsor Ontario side, employing thousands of workers. Meanwhile no site preparation or construction work at all has started on the Detroit side of the bridge, despite an international signing agreement signed in June 2012. It is estimated the cost connecting highways on the Canadian side at 1.4 billion. Over the next 6 years design of the corridor, service drives and interchanges would be completed, as well as construction of buffer zones, interchange ramps, tolls and inspection plazas and of course the main international bridge span. As a result this has already and will continue to create a positive economic impact to the Windsor Essex County Ontario real estate market.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... OCTOBER 2012 MARKET REPORT TO DATE:

According to MLS statistics in October, 2012 a total of 476 residential homes were sold (up from 471 for the same month last year). The average sale price of these homes was $174,511(compared to $180,202 during the same month last year). As for home styles, Ranches 76 of these home types were sold, with the average sale price of $187,543. As for Raised Ranch style homes - 67 units sold for the average price of $210,842. 65 2 Storeys sold, averaging $217,753, and 36 one and one half stories also sold, at an average sale price of $143,861. Bungalow - 55 units sold for an average sale price of $93,264. The average sale price year to date is at $175,814, compare to last year at $170,942. There are now 4,294 active residential listings on the MLS system.

Windsor and the Essex County region has five of the safest communites in Canada with Amherstburg Ontario two years in a row deemed the safest community in Canada.

Windsor and the Essex County have five of the safest communities in Canada - Amherstburg the safest community in Canada, followed by Lasalle. Tecumseh ranked forth, Lakeshore fifth and Kingsville tenth.

Canada's crime statistics determines crime severity from communities by looking at volumes of crime as well at the severity of the crimes committed. The more seriousness of the crime the greater impact on the index reports Statistics Canada.

Amherstburg Ontario and LaSalle Ontario have reported crime, but neither have had violent crime in comparison to other communities.  Neither community has a murder for over 14 years, contributing to the crime severity index making the two communities such a safe place to live.  In addition, real estate in the Windsor and Essex County Ontario region was voted the cheapest place to live.  Windsor Ontario real estate homes, houses for sale on average are the cheapest in all of Canada.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... SEPTEMBER 2012 MARKET REPORT TO DATE:

According to MLS statistics in September, 2012 a total of 492 residential homes were sold (up from 476 for the same month last year). The average sale price of these homes was $178,611(compared to $179,252 during the same month last year). As for home styles, Ranches 74 of these home types were sold, with the average sale price of $187,620. As for Raised Ranch style homes - 65 units sold for the average price of $216,942. 62 2 Storeys sold, averaging $215,752, and 35 one and one half stories also sold, at an average sale price of $148,561. Bungalow - 52 units sold for an average sale price of $91,252. The average sale price year to date is at $175,854, compare to last year at $171,252. There are now 4,252 active residential listings on the MLS system

Canada's Interest Rates on Hold for Now

The Bank of Canada kept its key interest rate policy rate at 1 per cent on September 5th, 2012. It's been held steady for two years, marking it longest interest rate hold since the 1950's, where it has been held steady for two years. Consistent with continuation of low inflation, it also recognized that prices for oil and many other commodities that Canada exports have increased from lower levels this summer. Meaning prices at the gas pump have prevented consumer price inflation from edging lower, but it also leaves less money in household budgets for discretionary spending, thereby keeping spending and growth in check.

Although the Bank expects the economic outlook to brighten, it identified a number of downside risks that may force it to lower its expectations. Among these risks are “widespread slowing of activity across advanced and emerging economies,” recognition that “Europe is in recession and its crisis, while contained, remains acute.” It also reiterated that economic growth in China and other emerging economies is braking a little bit harder than it had previously expected. It also noted that economic growth in the United States was continuing at a “gradual pace”.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... AUGUST 2012 MARKET REPORT TO DATE:

According to MLS statistics in August, 2012 a total of 514 residential homes were sold (up from 499 for the same month last year). The average sale price of these homes was $183,082(compared to $168,767 during the same month last year). As for home styles, Ranches 78 of these home types were sold, with the average sale price of $203,423. As for Raised Ranch style homes - 79 units sold for the average price of $220,871. 74 2 Storeys sold, averaging $245,014, and 54 one and one half stories also sold, at an average sale price of $125,017. Bungalow - 64 units sold for an average sale price of $104,025. The average sale price year to date is at $175,598, compare to last year at $169,345. There are now 4,445 active residential listings on the MLS system

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... JULY 2012 MARKET REPORT TO DATE:

According to MLS statistics in July, 2012 a total of 565 residential homes were sold (up from 507 for the same month last year). The average sale price of these homes was $171,552(compared to $175,420 during the same month last year). As for home styles, Ranches were the top sales, 84 of these home types were sold, with the average sale price of $199,893. As for Raised Ranch style homes - 76 units sold for the average price of $217,521. 69 2 Storeys sold, averaging $186,224, and 61 one and one half stories also sold, at an average sale price of $118,527. Bungalow - 73 units sold for an average sale price of $116,924. The average sale price year to date is at $174,199, compare to last year at $169,399. There are now 4,487 active residential listings on the MLS system

 

July 2012 Affordable Housing Program

The Provincial and Federal governments have partnered up to fund the Homeownership down payment assistance program for Windsor the surround Essex County Ontario areas including: Windsor, Lasalle, Amherstburg, Tecumseh, Lakeshore, Essex, Colchesher, Harrow, Kingsville and Leamington communities. Down payment assistance of 10%(maximum of $16,900) is provided by a 20 year forgivable loan registered as a second mortgage.

Applications are accepted on a first come first serve basis and the closing date must be before March 31, 2013.

Applicants must be 18 years of age or older, with a maximum annual gross household income below $80,300. Maximum household assets below $20,000, not including transportation RRSP and RESP's, and currently do not own a home.

Detroit River International Crossing


The Windsor-Essex Parkway is an unprecedented highway project. Its scope, features and benefits to travellers and the community are going to be World Class one-of-a-kind.

The Windsor-Essex Parkway will reflect the high safety standards and practices that have consistently made Ontario’s roads among the safest in North America. This state-of-the-art Parkway will provide border-bound travellers with direct freeway access to a modern inspection plaza and a new international river crossing, cutting valuable travel time off of their trips. Local travellers will be able to enter and exit the route easily via the Parkway’s many on and off ramps. Service roads will improve access to schools, shops, neighbourhoods and natural areas.

Tunnelled roadways will provide community connections for the first time while restoring natural linkages. Pedestrians and cyclists will enjoy 20 km of new recreational trails and will be able to travel the length of the corridor without encountering a motor vehicle. Their use will be safe for the whole family. The community will benefit from more than 300 Acres of green space and various opportunities to determine their use – a local solution for the people of Windsor-Essex.

The link for the Detroit River International Crossing Study (DRIC) is www.weparkway.ca It is a pretty interesting, interactive site. Check it out!

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County

 

WINDSOR IN THE NEWS...... JUNE 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in June, 2012 a total of 504 residential homes were sold (down from 520 for the same month last year). The average sale price of these homes was $178,273(compared to $167,713 during the same month last year). As for home styles, Ranches were the top sales, 81 of these home types were sold, with the average sale price of $204,251. As for Raised Ranch style homes - 76 units sold for the average price of $221,527. 72 2 Storeys sold, averaging $204,926, and 52 one and one half stories also sold, at an average sale price of $125,857. The least expensive home style was the bungalow - 49 units sold for an average sale price of $111,254. The average sale price year to date is at $170,839, compare to last year at $157,826. There are now 4,681 active residential listings on the MLS system.

Canada’s mortgage rules tightening

Effective July 9, 2012, the rules for government-backed insured mortgages will tighten in Canada.

 

Canada’s Finance Minister Jim Flaherty has announced that:

􀂃 The maximum amortization period for government-backed insured mortgages will be reduced to 25 years from 30 years.

􀂃 The maximum amount that an individual can borrow when refinancing will be lowered to 80% from 85%.

􀂃 The federal government will set a maximum for gross debt-service ratio (GDS) at 39% and lower the maximum for total debt-service ratio (TDS) to 44% from 45%.

􀂃 Government-backed insured mortgages will no longer be available for homes with a purchase price of $1 million or more.

This latest move by the federal government — its fourth since 2008 — effectively turns back the clock to the pre-2004 state of affairs, resetting mortgage lending rules to more prudent, if conservative, standards.

What this means to you

As is often the case when rules are changed, the new rules are likely to encourage purchasers looking to take advantage of the current terms to do so prior to the deadline. Past July 9, however, the new rules are likely to restrain homebuyer demand, particularly from first-time buyers.

The reduction of the maximum amortization period to 25 years will have the most direct impact on Canadian homebuyers.

Based on a typical mortgage size ($288,000 for a bungalow) and posted mortgage rate (5.24%),

the reduction in the amortization period from 30 years to 25 years would raise a homeowner’s monthly mortgage bill by $136, representing a material increase of 8.6%. Such an increase would be the equivalent of a 75 basis point hike in interest rates.

Viewed another way, the shorter amortization period would require the qualifying income needed to purchase a home — i.e., the income threshold under which homeownership costs (mortgage payments, property taxes and utilities) exceed a ratio of 39%, as per the new GDS rule — to rise by 6.7%

The new caps on GDS (39%) and TDS (44%) should have little impact. CMHC already applies more stringent maximums for riskier borrowers and has the TDS ceiling of 44% in place for lower risk borrowers. The only change for CMHC will be the application of a 39% GDS maximum for the lower risk borrowers.

The new limit of government-backed insurance coverage to properties valued at less than $1 million could cool demand for the high-end market segment; however, the proportion of high-ratio mortgages in that segment tends to be small.

Compliments of Ron Klingbyle, Top Producer Real Esate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... MAY 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in May, 2012 a total of 559 residential homes were sold (up from 554 for the same month last year). The average sale price of these homes was $177,452(compared to $175,532 during the same month last year). As for home styles, Ranches were the top sales. 98 of these home types were sold, with the average sale price of $203,449. As for Raised Ranch style homes - 82 units sold for the average price of $225,562. 69 2 Storeys sold, averaging $222,152, and 59 one and one half stories also sold, at an average sale price of $114,254. The least expensive home style was the bungalow - 57 units sold for an average sale price of $111,263. The average sale price year to date is at $177,325, compare to last year at $175,236. There are now 4,779 active residential listings on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... APRIL 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in April, 2012 a total of 504 residential homes were sold (down from 520 for the same month last year). The average sale price of these homes was $178,273(compared to $167,713 during the same month last year). As for home styles, Ranches were the top sales, 81 of these home types were sold, with the average sale price of $204,251. As for Raised Ranch style homes - 76 units sold for the average price of $221,527. 72 2 Storeys sold, averaging $204,926, and 52 one and one half stories also sold, at an average sale price of $125,857. The least expensive home style was the bungalow - 49 units sold for an average sale price of $111,254. The average sale price year to date is at $170,839, compare to last year at $157,826. There are now 4,681 active residential listings on the MLS system.

Bank of Canada keeps interest rates on hold:

The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on April 17th, 2012. While this was the 13th consecutive policy meeting in which borrowing costs have been left unchanged, it was the first time since last September that a policy announcement has included a reference to the possibility of a rate hike.

The Bank reiterated a number of the more positive developments it first mentioned in the March 8th announcement. These include a stronger profile for U.S. economic growth, as well as reduced risk emanating from Europe, which the Bank now expects will “emerge slowly from recession in the second half of 2012.”

The Bank also noted that “improved global economic prospects, supply disruptions and geopolitical risks,” are keeping oil prices up which if sustained could prove a risk to the improvement in economic momentum.

In Canada the Bank again declared the biggest risk to be high household debt, adding that it expects households will continue to add to their debt burden as “private domestic demand will account for almost all of Canada’s economic growth over the projection horizon.”

That said, with economic momentum in Canada remaining firmer than the Bank had expected back in January, the forecast for growth this year has been lifted. The Bank now expects the economy will grow at 2.4 per cent this year, up from the 2.0 per cent forecast in January.

At the same time, the Bank lowered its forecast for 2013 to 2.4 per cent from 2.8 per cent, and also extended its forecast out to 2014 with a prediction of 2.2 per cent growth.

The Bank also noted that the amount of slack in the economy had decreased. As such, the Bank now expects the economy will return to full capacity “in the first half of 2013,” which while intentionally vague is still sooner than the previous prediction for a return to full capacity by the third quarter of next year.

The Bank ended the announcement by hinting, for the first time since last September, that it may have to raise rates, stating “In light of the reduced slack in the economy and firmer underlying inflation, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate, consistent with achieving the 2 per cent inflation target over the medium term. The timing and degree of any such withdrawal will be weighed carefully against domestic and global economic developments.”

Further clarification as to when these “modest” rate hikes may be expected will no doubt be the subject of the various speeches and remarks given by the Governor and his deputies between now and the next announcement on June 5th, 2012.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... MARCH 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in March, 2012 a total of 495 residential homes were sold (up from 482 for the same month last year). The average sale price of these homes was $173,002(compared to $153,140 during the same month last year). As for home styles, Ranches were the top sales. 89 of these home types were sold, with the average sale price of $185,241. As for Raised Ranch style homes - 96 units sold for the average price of $210,552. 56 2 Storeys sold, averaging $240,262, and 51 one and one half stories also sold, at an average sale price of $118,084. The least expensive home style was the bungalow - 39 units sold for an average sale price of $87,052. The average sale price year to date is at $169,235, compare to last year at $153,193. There are now 4,588 active residential listings on the MLS system.

The number of people leaving Windsor CMA, on a net basis, has begun to decrease, but out migration will still remain a reason why the level of residential construction will be restrained through 2012. New semi-detached housing construction in 2012 will decrease from the levels that were achieved in 2011. Local investment and infrastructure projects will continue to keep Windsor’s unemployment rate below the 10.5% threshold in 2012.

The very slow job growth and growth in wages will provide limited support for demand of existing homes. Stable home prices combined with recent mortgage rate reductions could entice some first time buyers to purchase early in 2012. The net effect, however, will be a modest reduction in sales in 2012.

For most of 2011, sales of existing homes have been growing moderately and have remained quite resilient in the third quarter. Repeat buying will continue to represent a larger share of sales in 2012.

2012 will show a modest increase in the average price forecast for that year. The price range between $300,000 - $400,000 has seen large growth, driven by sales in Lakeshore and Lasalle. This suggests a larger amount of sales have been coming from repeat buyers in these areas.

New semi-detached housing construction in 2012 will decrease from the levels achieved in 2011. New residential construction activity in 2012 will continue at the level established in early 2011. Expected starts will be indicative of a fairly balanced housing market.

Townhouse construction will continue to grow through 2012. People in older age brackets are often attracted to this form of housing, as it offers a better fit to their lifestyle with lower maintenance, recreational facilities and other amenities. The Windsor-Essex Retire Here campaign (retirehere.ca) has brought seniors to the area, as well their finances which support Windsor-Essex and will continue to do so in the future. This campaign will help support the growth in town house construction.

For 2012, the one-year posted mortgage rate is expected to be in the 3.4 to 3.8 per cent range, while the five-year posted mortgage rate is forecast to be within 5.2 to 5.7 per cent.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... FEBRUARY 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in February, 2012 a total of 438 residential homes were sold (up from 320 for the same month last year). The average sale price of these homes was $166,251(compared to $143,142 during the same month last year). As for home styles, Ranches were the top sales. 85 of these home types were sold, with the average sale price of $179,521. As for Raised Ranch style homes - 55 units sold for the average price of $216,253. 59 2 Storeys sold, averaging $202,641, and 58 one and one half stories also sold, at an average sale price of $118,457. The least expensive home style was the bungalow - 45 units sold for an average sale price of $81,954. The average sale price year to date is at $166,123, compare to last year at $143,255.

Bank of Canada keeps interest rates on hold. The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on January 17th, 2012. This marks the 11th consecutive policy meeting in which borrowing costs have been left unchanged.

While recognizing that the outlook for the global economy had deteriorated and that uncertainty had increased since it released its October Monetary Policy Report (MPR), the Bank also made those same observations at its previous meeting on December 6th.

Economic growth in Canada had more momentum in the second half of 2011 than the Bank projected in its October MPR, but it expects the pace going forward to slow by more modest than previously expected, due largely to factors outside Canadian borders. This reiterates statements made in December 2011. On the upside, the Bank said that “very favourable financing conditions are expected to buttress consumer spending and housing activity.”

The Bank releases its updated forecast for Canadian economic growth. It now estimates that the economy grew by 2.4 per cent in 2011 compared to the initial estimate of 2.1 per cent, owing to the better than expected end to the year.

The Bank projects growth of 2.0 per cent in 2012 compared to 1.9 per cent in the October MPR, and 2.8 per cent in 2013, down slightly from the previous 2013 forecast of 2.9 per cent, with the big picture being that past and current growth estimates have been revised upward at the expense of future economic growth.

“The Bank said it expects the pace of growth going forward to moderate by more than initially thought, but the forecast for growth this year has actually been raised slightly,” said CREA Chief Economist Gregory Klump. “That reflects a weaker than previously expected growth profile for the first half of 2012, followed by an acceleration in the second half of the year.”

“The Bank reiterated that its outlook remains subject to downside risks from the sovereign debt issue in Europe. Recent credit-rating downgrades to much of the euro zone point to potential contagion by way of a drop in financial market liquidity,” he added. “The bottom line is that the Bank rate is not going to be going up anytime soon, and we may see rates lowered should downside risks materialize.”

The Bank noted that “while the economy appears to be operating with less slack than previously assumed, it is only anticipated to return to full capacity by the third quarter of 2013, one quarter earlier than was expected in October.” Overall, inflation expectations remain “well-anchored.”

A number of financial institutions have recently dropped their five-year lending rates to a record low of 2.99 per cent. This is down considerably from the advertised five-year rate of 5.29 per cent when the Bank last met on December 6th, 2011.

The Bank will make its next scheduled rate announcement on March 8th, 2012.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... JANUARY 2012 MARKET REPORT TO DATE:

 

According to MLS statistics in January, 2012 a total of 328 residential homes were sold (up from 300 for the same month last year). The average sale price of these homes was $168,927(compared to $160,535 during the same month last year). As for home styles,  Raised Ranches were the top sales, 59 of these home types were sold with the average sale price of $213,125. As for Ranch style homes - 41 units sold for the average price of $175,223. Forty-seven 2 Storeys sold, averaging $249,842, and 33 one and one half stories also sold, at an average sale price of $115,359. The least expensive home style was the bungalow - 43 units sold for an average sale price of $88,520. The average sale price year to date is at $168,906, compare to last year at $160,265.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... December 2011 MARKET REPORT TO DATE:

 

According to MLS statistics in December, 2011 a total of 290 residential homes were sold (down from 295 for the same month last year). The average sale price of these homes was $168,546(compared to $158,604 during the same month last year). As for home styles, Raised Ranches were the top money getters, 52 of these home types were sold, with the average sale price of $174,521. As for Ranch style homes - 44 units sold for the average price of $204,553. 35 2 Storeys sold, averaging $258,821, and 29 one and one half stories also sold, at an average sale price of $112,559. The least expensive home style was the bungalow - 38 units sold for an average sale price of $82,050. The average sale price year to date is at $170,304, compare to last year at $162,225.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... NOVEMBER 2011 MARKET REPORT TO DATE:

 

According to MLS statistics in November, 2011 a total of 298 residential homes were sold (down from 342 for the same month last year). The average sale price of these homes was $161,551(compared to $160,852 during the same month last year). As for home styles, Raised Ranches were the top money getters. Forty-nine of these home types were sold, with the average sale price of $208,511. As for Ranch style homes - 50 units sold for the average price of $192,903. Forty-six 2 Storeys sold, averaging $189,921, and 46 one and one half stories also sold, at an average sale price of $129,489. The least expensive home style was the bungalow - 37 units sold for an average sale price of $89,050. The average sale price year to date is at $170,106, compare to last year at $163,285.


What was the most popular area to buy a house in this month? That was Area 03 (Central / Downtown Windsor), where 79 house sales occured in the month. A total of 858 new residential listings were put on the MLS system this month, down from 900(-5%) for the same month last year. There are now 4,203 active residential listings on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... OCTOBER 2011 MARKET REPORT TO DATE:

 

Windsor and Essex County Real Estate Board MLS statistics reported in October 2011 a total of 471 residential homes were sold, up from 405(16%) for the same month last year. The average sale price of these homes was $180,202, compared to the average sale price of $179,338 a year ago, up .5%. As for home styles, Ranches were the most poplar with 83 units selling this month with an average sale price of $215,338. The second most poplar home style, Raised ranches 80 units sold with the average selling price of $213,624. 43 2 storeys (average price $252,225), 51 1.5 storeys with average sale price $127,802 and 40 Bungalows with an averaging of $113,218 also sold this month.

What was the most popular area to buy a house in this month? That was Area 04 (East Windsor), where 47 house sales occured in the month. A total of 910 new residential listings were put on the MLS system this month, down from 916(-1%) for the same month last year. There are now 4,691 active residential listings on the MLS system.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... SEPTEMBER 2011 MARKET REPORT TO DATE:

 

Windsor and Essex County Real Estate Board MLS statistics reported in September 2011 a total of 498 residential homes were sold, up from 471(6%) for the same month last year. The average sale price of these homes was $177,096, compared to the average sale price of $163,665 a year ago, up 8.2%. As for home styles, Ranches were the most poplar with 96 units selling this month with an average sale price of $199,198. The second most poplar home style, Raised ranches 85 units sold with the average selling price of $208,764. 54 2 storeys (average price $234,293), 46 1.5 storeys with average sale price $152,201 and 46 Bungalows with an averaging of $99,528 also sold this month.

What was the most popular area to buy a house in this month? That was Area 04 (East Windsor), where 53 house sales occured in the month. A total of 1,035 new residential listings were put on the MLS system this month, down from 1,113(-3%) for the same month last year. There are now 4,777 active residential listings on the MLS system.

CMHC RELEASE: August Housing Starts Up in August

WINDSOR, SEPTEMBER 9, 2011 – New home starts were up in August in the Windsor Census Metropolitan Area1 (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 73 homes compared to 50 in August 2010.

“Rising sales and fewer new listings in the resale market mean stronger housing demand is stimulating new construction in Windsor,” said Margot Stevenson, Senior Market Analyst for Canada Mortgage and Housing Corporation. “Improving employment opportunities locally resulted in stronger demand for new homes,” added Stevenson.

August starts in the Windsor area included 54 single-detached homes, four semi-detached homes and 15 townhomes. Year-to-date, builders started 280 single-detached homes, 18 semi-detached homes, 88 townhomes and eight apartments in the Windsor CMA, up three per cent from the same period in 2010.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... AUGUST 2011 MARKET REPORT TO DATE:

Windsor and Essex County Real Estate Board MLS statistics reported in August 2011 a total of 523 residential homes were sold, up from 476(10%) for the same month last year. The average sale price of these homes was $168,760, compared to the average sale price of $167,893 a year ago, up .5%.  As for home styles, Ranches were the most poplar with 97 units selling this month with an average sale price of $196,048. The second most poplar home style, Raised ranches 78 units sold with the average selling price of $214,520. 55 2 storeys (average price $203,700), 52 1.5 storeys with average sale price $113,143 and 56 Bungalows with an averaging of $105,748 also sold this month.

What was the most popular area to buy a house in this month? That was Area 08 (South Windsor), where 61 house sales occured in the month. A total of 1,077 new residential listings were put on the MLS system this month, down from 1,119(-4%) for the same month last year. There are now 4,897 active residential listings on the MLS system.

CMHC Release—CMHC Reports July Housing Starts Lower in Windsor

WINDSOR, AUGUST 9, 2011 – New home starts were down in July in the Windsor Census Metropolitan Area1 (CMA) according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). Builders laid foundations for 56 residential units compared to 73 units in July 2010.

“The trend in single-detached construction is still upward in Windsor,” said Margot Stevenson, Market Analyst for Canada Mortgage and Housing Corporation. “Despite a small decrease in the number of single-detached homes started in July, it was still the second strongest posting for that month since 2005,” added Stevenson.

July starts in the Windsor area included 50 single-detached homes, two semi-detached homes and four townhomes. Year-to-date, builders started 226 single-detached homes, 14 semi-detached homes, 73 townhomes and eight apartments in the Windsor CMA, down three per cent from the same period in 2010.


Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... JULY 2011 MARKET REPORT TO DATE:

According to the Windsor and Essex County Real Estate Board MLS statistics reported in July 2011 a total of 507 residential homes were sold, up from 453(12%) for the same month last year. The average sale price of these homes was $175,420, compared to the average sale price of $171,436 a year ago, up 2.3%.  As for home styles, Ranches were the most poplar with 95 units selling this month with an average sale price of $189,356. The second most poplar home style, Raised ranches 86 units sold with the average selling price of $214,933. 71 2 two storeys (average price $242,011), 49 1.5 storeys with average sale price $128,908 and 58 Bungalows with an averaging of $86,802 also sold this month.

What was the most popular area to buy a house in this month? That was Area 04 (East Windsor), where 55 house sales occured in the month. A total of 1,071 new residential listings were put on the MLS system this month, down from 1,123(-5%) for the same month last year. There are now 4,988 active residential listings on the MLS system.

Some Home Improvements Will Pay Off Big!

If you’re planning on making a foray into the market this year, now could be the time to undertakeimprovements, which if carefully planned, can increase the value of your home considerably. Most of us know that kitchens, bathrooms and a fresh coat of paint inside and out, offer the best return on investment. According to the Appraisal Institute of Canada, you can expect to get back 75 to 100 per cent of what you put into kitchens and bathrooms. Painting can return 50 to 100 per cent of your investment. While these are typically low risk investments, a number of factors can influence the gains you achieve with other types of renovations.

It’s also important to consider your home’s most crucial needs. Window and door replacement may offer a return of 50 to 75 per cent, but if your existing units are broken, this home improvement should take priority on your project list. Where glaring needs are concerned, the value associated with your home’s overall impression outweighs specific project returns. It’s also important to consider that significant government rebates are available for many energy efficiency improvements. Energy efficient upgrades are at the top of the list of home improvements that add value to the resale price of a home.

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... JUNE 2011 MARKET REPORT TO DATE:

According to the Windsor and Essex County Real Estate Board MLS statistics reported in June 2011 a total of 609 residential homes were sold, up from 570(7%) for the same month last year. The average sale price of these homes was $187,203, compared to the average sale price of $168,109 a year ago, up 11.3%.  As for home styles, Ranches were the most poplar with 101 units selling this month with an average sale price of $196,304. The second most poplar home style, Raised ranches 95 units sold with the average selling price of $218,291. 82 2 two storeys (average price $238,660), 67 1.5 storeys with average sale price $163,233 and 54 Bungalows with an averaging of $107,431 also sold this month.

What was the most popular area to buy a house in this month? That was Area 08 (South Windsor), where 65 house sales occured in the month. A total of 1,239 new residential listings were put on the MLS system this month, down from 1,334(-7%) for the same month last year. There are now 4,959 active residential listings on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... MARCH 2011 MARKET REPORT TO DATE:

Continued drop in residential home sales, according to the Windsor and Essex County Real Estate Board MLS statistics reported in March 2011 a total of 482 residential homes were sold, down from 515(-6%) for the same month last year. The average sale price of these homes was $153,140, compared to the average sale price of $150,632 a year ago, up 1.7%.  As for home styles, Raised Ranches were the most poplar with 82 units selling this month with an average sale price of $202,252. The second most poplar home style, ranches 82 units sold with the average selling price of $176,088. Fifty-seven bungalows(average price $89,302), 52 1.5 storeys with average sale price $111,154 and 46 two storeys houses with an averaging of $181,315 also sold this month.

What was the most popular area to buy a house in this month? That was Area 03 (Central/Downtown), where 98 house sales occured in March. A total of 1,172 new residential listings were put on the MLS system this month, down from 948(-6%) for the same month last year. There are now 4,412 active residential listings on the MLS system.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

 

WINDSOR IN THE NEWS...... FEBRUARY 2011 MARKET REPORT TO DATE:

I'm a little surpised at the numbers this month, I've personally experienced a busy month, but according Windsor and Essex County Real Estate Board MLS statistics reported in February 2011 a total of 276 residential homes were sold, down from 335(-17%) for the same month last year. The average sale price of these homes was $143,450, compared to the average sale price of $154,402 a year ago, down -7.6%. But, February exprienced unusally higher sales in Bungalows driving down the average sale for the month. As for home styles, Raised Ranches were the most poplar with 52 units selling this month with an average sale price of $203,682. The second most poplar home style, Bungalows 46 units sold with the average selling price of $80,745. Forty-three ranches(average price $172,835), 39 1.5 storeys with average sale price $102,891 and 38 two storeys houses with an averaging of $168,428 also sold this month.

What was the most popular area to buy a house in this month? That was Area 08 (South Windsor), where 101 house sales occured in February. A total of 899 new residential listings were put on the MLS system list month, down from 948(-5%) for the same month last year. There are now 4,373 active residential listings on the MLS system.

The government bank of Canada money market overnight rate remains 1%.

 

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... JANUARY 2011 MARKET REPORT TO DATE:

Off to a fairly decent start despite government changes to the mortgage rules. The Windsor and Essex County Real Estate Board MLS statistics reported in January 2011 a total of 300 residential homes were sold, down from 319(-6%) for the same month last year. The average sale price of these homes was $160,535, compared to the average sale price of $155,998 a year ago, up 2.9%. As for home styles, Raised Ranches were the most poplar with 52 units selling this month with an average sale price of $209,207. The second most poplar home style, Ranches 45 units sold with the average selling price of $171,921. Thirty-one 2 storeys (average price $192,880), 35 1.5 storeys with average sale price $123,454 and 33 bungalows with an averaging of $93,364 also sold this month.

What was the most popular area to buy a house in this month? That was Area 03 (Downtown/Central Windsor), where 35 sales occured in January. A total of 1054 new residential listings were put on the MLS system list month, down from 1119(-6%) for the same month last year. There are now 4,196 active residential listings on the MLS system.

Changes to Mortgage Rules...........First, the government reduced the maximum mortgage amortization period from 35 to 30 years. Second, the maximum amount of the value of a home that can be re-financed will drop from 90 per cent to 85 per cent. And finally, government insurance will no longer be available to financial institutions wishing to insure home equity lines of credit. The government did not increase the minimum downpayment, which was under consideration.

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... DECEMBER 2010 MARKET REPORT:

The Windsor and Essex County Real Estate Board MLS statistics reported in December 2010 a total of 295 residential homes were sold, down from 338(-13%) for the same month last year. The average sale price of these homes was $158,604, compared to the average sale price of $153,898 a year ago, up 3%. As for home styles, ranches were the most poplar with 49 units selling this month with an average sale price of $210,309. The second most poplar home style, Raised Ranch 40 units sold with the average selling price of $193,595. Thirty-eight 2 storeys (average price $173,467), 30 1.5 storeys with average sale price $104,811 and 29 bungalows with an averaging of $80,051 also sold this month.

What was the most popular area to buy a house in this month? That was Area 04 (East Windsor/Riverside), where 26 sales occured in December. A total of 542 new residential listings were put on the MLS system list month, down from 576(-6%) for the same month last year. There are now 4,023 active residential listings on the MLS system.

Modest gains in sales can be expected through the year 2011. Employment in the prime home buyer 25-44 year age group is still struggling to regain its strength. This segment represents the majority of the workforce in Windsorand the lack of substantial growth in 2011 will contribute to slightly lower annual sales relative to 2010. Affordability in the ownership sector continues to make Windsor an attractive market. Home prices have been slow to move up and the gap between the income required to carry a mortgage on an average priced home and actual income remains one of the most substantial of any major metropolitan area in Ontario.”

 

Compliments of Ron Klingbyle, Top Producer Real Estate Agent for Windsor and Essex County.

 

WINDSOR IN THE NEWS...... NOVEMBER 2010 MARKET REPORT:

According to the Windsor and Essex County Real Estate Board M

 

 

 

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