Windsor Essex Market Watch February 2013

RESIDENTIAL MARKET The number of residential sales in Windsor and Essex County increased 16% in January 2013, compared to January 2012. Despite the increase in sales the average price decreased to $166,417 from $168,764 in January 2012. It should be noted that the average price was more a factor of certain county areas experiencing several less expensive sales than the prior year. When we Look at the Windsor area only, the average home price increased slightly. The January 2013 sales to listings ratio (listings sold expressed as a percent of listings received) was 45% which is up from 38% in 2012. As inventory shrinks and sales remain steady or grow, we are anticipating prices to rise. CONDO MARKET During the one month period ending January 31, 2013 there were 31 condominium sales in the market place. This compares to 28 condo sales in the same period of 2011 As of January 31, 2012 there were 67 condo listings received. This was the same amount of listings received in January 2012. The sales to list ratio (Listings sold expressed as a percent of Listings received) for January 31, 2013 period was 46%. In 2012 it was 42%. The inventory of active condo listings as of January 31, 2013 was 202 units. This compares to 224 units in 2012 and is a decrease of 9.8%. The number of months of inventory...

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Market Watch January 2013

RESIDENTIAL During the twelve month period ending December 31, 2012 there were 4,933 residential sales in the market place this compares to 4,786 residential sales for the same period in 2011, an increase of 3%. As of December 31, 2012 there were 9,061 residential listings received this compares to 9,364 in the same period for 2011, this is a decrease of 3% in residential listings received. The sales to listings ratio (listings sold expressed as a percent of listings received) for the period was 54% in 2011 it was 51%. The inventory of the active residential listings as of December 31, 2012 was 2,192, this compares to 2,450 in 2011. This is a decrease of 11% in active residential listings. The number of months of inventory represents the number of months it would take to sell current inventories at the current rate of sales activity, and is a further measure of the balance between housing supply and demand. It currently stands at 5.3 months. In December 2011 it was 6.1 months. The average residential selling price was $175,515 for the 12 month period ending December 31, 2012. This is an increase of 3% from 2011. The average listing during the period took 74 days to sell (76 in 2011) and sold for 95% of the list price. In the Market Watch for December 2012, we broke down changes in...

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Market Watch December 2012

Residential Sales: Residential sales in November 2012 increased 13.09% compared to November 2011.  Year to date sales are up 3.93%. The Listing Sale Ratio Year to date was 54% which indicates we are in a balanced market moving towards a Sellers Market.  Listings as a whole are down 3.10% year to date from the previous year.  With low inventories and steady demand we are expecting prices to rise. The Average Sale Price Year to Date was $175,287 compared to $170,105 YTD in 2011. Condominium Sales: The condo market has significantly improved and now has a listing sales ratio of  55% year to date.  Average Sale Price year to date was $127,105 in 2012 compared to $119,485 YTD in November 2011. This month we have broken down Average home price by area from WECAR Statistics.  This breakdown gives you an idea of how each area is performing this year compared to last year....

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Market Watch November 2012

Residential Sales: Residential sales in October 2012 fell 2.67% compared to October 2011.  Year to date sales are up 3.27%. The Listing Sale Ratio Year to date was 54% which indicates we are in a balanced market moving towards a Sellers Market.  Listings as a whole are down 3.33% year to date from the previous year.  With low inventories and steady demand we are expecting prices to rise. The Average Sale Price Year to Date was $175,814 compared to $170,492 YTD in 2011. Condominium Sales: The condo market has significantly improved and now has a listing sales ratio of  55% year to date.  This is causing prices to rise. Average Sale Price year to date was $127,719 in 2012 compared to $120,748 YTD in October 2011. Condos were one of the hardest hit by the recession in 2009. The market has shifted from a strong Buyers market with falling prices, to Seller’s market with rising prices. The 2009 September Listing Sales Ratio was 29%, condominiums have seen the greatest recovery of all property types. Demand in Windsor continues to be fairly steady. Windsor continues to benefit from a strong auto sector.  As a result, unemployment, though still high, is improving.  Infrastructure spending continues to be significant. The Bridge is clearly proceeding, as well the City of Windsor, St. Clair College and the University of Windsor continue to invest in...

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June 2012 Market Watch Windsor Real Estate

  Compliments of www.cameronpaine.com   View Complete Market Watch Here   Year to date MLS residential sales totaled 2,083 at the end of May for all of Windsor Essex, this sales number was up 10.97% from one year ago.   The average sale price for the first 5 month of the year totaled $171,896 compared to $162,563 for the same period last year. This marks an increase of 5.7%. May’s Average Residential Sale Price was up 1.08% compared to one year ago. The May average sale price for residential came in at $177,789. This is highest average price for the month of May on record. While other areas in Canada have seen significant inflation, Windsor continues to have average home prices of less than half the national average.  With the current strong auto-sector, and the enormous amount of infrastructure spending in the area, consumer confidence in the area is returning. With prices on the rise, now more than ever is a good time to invest in the Windsor Essex area. Listing Inventory continues to remain low with only 904 new listings in May. May’s total listing residential inventory of  3,071 Units the lowest level for the month of May since 2003. 10 of the last 12 months had lower new listing inventory compared to the year before, and May of this year was no exception.  With continued low levels of...

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Windsor Housing Fall Report – CMHC

http://www.cmhc-schl.gc.ca/odpub/esub/64251/64251_2011_Q04.pdf?lang=en

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BUCKINGHAM REALTY (WINDSOR) LTD. MARKET WATCH

Compliments of http://www.cameronpaine.com/ BUCKINGHAM REALTY (WINDSOR) LTD. MARKET WATCH Windsor-Essex County Residential Market For the Period Ending December 31, 2011   During the period ending December 31, 2011 there were 4,786 residential sales in the market place this compares to 4,806 residential sales for the same period in 2010. As of December 31, 2011 there were 9,364 residential listings received this compares to 9,779 in the same period for 2010 and is a decrease of 4%. The sales to listings ratio (listings sold expressed as a percent of listings received) for the period was 51% in 2010 it was 49%. The inventory of the active residential listings as of December 31, 2011 was 2,450, this compares to 2,629 in 2010. This is a decrease of 7% in active residential listings. The average residential selling price was $169,972 for the period ending December 31, 2011. This is an increase of almost 4% from 2010. The average listing during the period took 76 days to sell (75 in 2010) and sold for 95% of the list price. For a similar report of statistics about condominiums sales, contact one of our sales representatives. Statistics are provided courtesy of the Windsor Esssex County Real Estate...

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