Eastside, East Windsor - Announcing a price reduction on 1347 LABADIE, a 2 bath, 3 bdrm single story. Now 
MLS® $119,000 - REDUCED - MUST SELL.
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GREAT FAMILY HOME OR DUPLEX
• 2 bath, 4 bdrm bi-level - MLS® $179,900
Bellewood Estates, Windsor - WELCOME TO BROOKVIEW - A FULLY FINISHED RAISED RANCH IN GREAT CONDITION. 4 BEDROOMS (3 UP AND 1 DOWN), 2 FULL BATHS (ONE WITH SKYLIGHT), BONUS UPPER & LOWER LAUNDRY & 2 KITCHENS. THIS COULD EASILY BE SEPARATED INTO 2 UNITS FOR A MOTHER-IN-LAW SUITE OR USED AS EXTRA INCOME. THE HOME ALSO FEATURES 2 DECKS, AN ABOVE GROUND POOL, FULLY LANDSCAPED AND FENCED REAR YARD WITH GRADE ENTRANCE, ATTACHED GARAGE, PAVED DRIVE & IS IN AN EXCELLENT AREA WITH A PARK AND WALKING TRAILS.
THIS HOME IS IN MOVE IN CONDITION, OFFERS FLEXIBLE POSSESSION.
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Eastside, East Windsor - We invite everyone to visit our open house at 1347 LABADIE on November 8 from 1:00 PM to 4:00 PM.
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FULLY FINISHED AND UPDATED
• 2 bath, 3 bdrm single story - 
MLS® $122,500
Eastside, East Windsor - ONLY IN THIS MARKET WILL YOU FIND A DEAL LIKE THIS! COMPLETELY UPDATED, JUST MOVE RIGHT IN.
THE OPEN CONCEPT HOME WELCOMES YOU IN WITH LARGE LIVING ROOM FEATURING HARDWOOD FLOORS & DECORATIVE FIREPLACE, DINING AREA W/SKYLIGHT & RENOVATED KITCHEN W/OAK CABINETS & MODERN COUNTER. 2 BEDROOMS & A FULL BATH ON THE MAINFLOOR. THE LOWER LEVEL IS FULLY FINISHED W/REC RM, A 3 PC BATH, 3RD BEDROOM & LAUNDRY/STORAGE.
UPDATES INCLUDE C/ENTRAL AIR 2009, ROOF 2003, KITCHEN & BATHS 2004. LANDSCAPED FENCED REAR YARD & ALL REPLACEMENT WINDOWS. LOCATED IN A NICE AREA DIRECTLY ACROSS FROM A PARK.
PLEASE NOTE THE NATURAL FIREPLACE HAS NOT BEEN USED BY THE CURRENT OWNERS AND NO WARRENTIES APPLY.
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PREMIUM LOCATION, COMPLETELY UPDATED
• 2,100 sq. ft., 2 bath, 3 bdrm 1 1/2 story - MLS® $289,900
Central, Kingsville - PREMIUM LOCATION IN KINGSVILLE. APPROX. 2100 SQUARE FOOT 2 STORY HOME COMPLETELY UPDATED. MODERN OPEN CONCEPT AND FULLY UPDATED KITCHEN IS OPEN TO THE FAMILY ROOM W/FIREPLACE & BUILT-IN CABINETS. HUGE MAIN FLOOR LIVING ROOM W/HARDWOOD & BUILT-INS. FORMAL DINING ROOM, ALL LARGE BEDROOMS, THE MASTER FEATURES A WALK-OUT SUN ROOM.
THE COMPLETELY RENOVATED HOME ALSO FEATURES A NEWER ROOF, INSULATION, WINDOWS, DOORS, FURNACE, CENTRAL AIR, HARDWOOD FLOORS, TRIM, KITCHEN, BOTH BATHS, CONCRETE DRIVE & PATIO ETC. HUGE COUNTRY LOT BEAUTIFULLY LANDSCAPED.
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River Canard, Amherstburg - Announcing a price reduction on 2107 CONCESSION 2, a 3 bath, 4 bdrm 2 story. Now MLS® $320,000 - New Fantastic Price!!.
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Eastside, East Windsor - We invite everyone to visit our open house at 2652 CARISSA on February 1 from 1:00 PM to 3:00 PM.
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| Windsor, Lasalle, Tecumseh Homesale Trends |
| Average Sale Price | % Sale Price to listing price ratio | Days on market | # Sales units | % Sell/List Ratio | # of Active Listings |
| Sep-07 | $158,000 | 94% | 98 | 278 | 38% | 3804 |
| Oct-07 | $166,027 | 93% | 87 | 291 | 32% | 3682 |
| Nov-07 | $171,251 | none | 80 | 258 | 34% | 3801 |
| Dec-07 | $187,941 | 93% | 91 | 159 | 39% | 3435 |
| Jan-08 | $151,208 | 94% | 94 | 182 | 28% | 2217 |
| Feb-08 | $150,084 | 93% | 82 | 250 | 45% | 2198 |
| Mar-08 | $152,320 | 94% | 99 | 214 | 40% | 2333 |
| Apr-08 | $156,266 | 96% | 82 | 281 | 35% | 2533 |
| May-08 | $157,135 | 95% | 76 | 361 | 40% | 3842 |
| Jun-08 | $163,168 | 93% | 94 | 331 | 37% | 4017 |
| Jul-08 | $161,159 | 93% | 84 | 346 | 38% | 3993 |
| Aug-08 | $159,563 | 93% | 84 | 335 | 45% | 3849 |
| Sep-08 | $153,438 | 93% | 94 | 325 | 43% | 3844 |
| Oct-08 | $146,630 | 93% | 87 | 263 | 36% | 3665 |
| Nov-08 | $156,148 | 92% | 86 | 172 | 28% | 3682 |
| Dec-08 | $147,329 | 90% | 86 | 146 | 34% | 3355 |
As shown in the graph above, home sales for the Windsor/Essex county area slowed in December with a moderate price decrease. The listing inventory also dropped, a consistant trend for the past few months.
For a detailed analysis or your specific area numbers please email me at trista@remax-preferred-on.com or call me at 519.944.5955.
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Royal Timbers, Windsor - We invite everyone to visit our open house at 2900 MCROBBIE CRES. on January 17 from 1:00 PM to 4:00 PM.
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River Canard, Amherstburg - Announcing a price reduction on 2107 CONCESSION 2, a 3 bath, 4 bdrm 2 story. Now MLS® $310,000 - New Fantastic Price!!.
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MODERN, OPEN, CLEAN & STYLISH
• 2 bath, 3 bdrm 4-level split "FULLY FINISHED" - MLS® $159,000
Devonshire Heights, Windsor - MODERN, OPEN, CLEAN & STYLISH BEST DESCRIBE THIS 4 LEVEL BACKSPLIT - WITH NEW DECOR & FLOORING THIS HOME REALLY STANDS OUT.
PICTURE AN OVERSIZED MASTER W/DOUBLE CLOSETS, 2 FULL BATHS, LARGE FLAT PANELLED EAT-IN OAK KITCHEN W/PANTRY-SERVING AREA, FLEXIBLE MAIN FLOOR DINING OR LIVING ROOM, BRIGHT LOWER FAMILY ROOM W/CORNER GAS FIREPLACE & BAR AREA, PLUS A FULLY FENCED YARD W/PATIO & LOCATED IN A GREAT NEIGHBOURHOOD.
FRESHLY PAINTED W/NEW 2007 LAMINATE & CERAMICS. ALL SYSTEMS ARE IN GOOD CONDITION. THIS IS A GREAT HOUSE.
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Essex Central, Essex - We invite everyone to visit our open house at 178 WOODVIEW on November 2 from 1:00 AM to 3:00 AM.
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• 1,127 sq. ft., 1 bath, 2 bdrm single story - MLS® $179,900
Royal Timbers, Windsor - WELCOME TO REAL RANCHS AT ROYAL TIMBERS. FEATURING A 6 ACRE PARK, EXPANSIVE SHOPPING COMPLEX, DINING & ATTACHED TO GANATCHIO TRAIL. WE ARE PLEASED TO ANNOUNCE A FRESH CONCEPT TO WINDSOR, OUR ROCKWOOD I MODEL FEATURES MAIN FLR LIVING W/ALL THE BELLS & WHISTLES AT AN EXTREMELY AFFORDABLE PRICE. BUILT W/ATTENTION TO QUALITY, WE THINK YOU WILL BE PLEASED W/THE CONVENIENCE THIS WELL APPOINTED RANCH W/42`` CRAWL SPACE OFFERS. ALSO AVAILABLE W/FULL LWR LVL AT $189,900. AVAILABLE WITH 2 BATHROOMS FOR $184,900.
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No trigger for a Canadian house price crash: CIBC economist
Canadians haven't put themselves deep enough in debt to cause a U.S.-style housing market bust, a CIBC World Markets economist says.
In a report issued Tuesday, Benjamin Tal asks: "Where's the trigger for a Canadian house price crash?" He concludes there isn't one.
"To be sure, house prices in Canada will continue to ease in the coming months," he says. "But the triggers that led to a free fall in Canadian real estate markets in the early 1990s and today in U.S. markets are nowhere to be found."
As he sees it, Canadian home buyers never got as reckless as Americans.
"By almost any measure, American households entered the current housing crisis from a more vulnerable position relative to their Canadian counterparts - carrying a heavier debt load and a much lighter net worth position. And when it comes to real estate speculation, Canada was not really a player.
"But even more important than the absolute and relative level of debt is the distribution of debt. At the peak of the cycle, subprime and Alt-A mortgages accounted for no less than 33 per cent of originations in the U.S. market. In Canada we estimate that at the peak, non-conforming mortgages reached 5.4 per cent of originations."
Subprime mortgages are those given to the least creditworthy borrowers. Alt-A mortgages are considered a step higher, although the category includes so-called liars' loans in which borrowers are not required to verify their earnings or assets.
Tal says the U.S. meltdown is basically a subprime story.
"Eradicate subprime from the U.S. housing market and, instead of the most severe house price meltdown since the great depression, you get a trivial moderate cyclical slowing - something along the line of what we are currently experiencing in Canada."
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South Walkerville, Windsor - Announcing a price reduction on 1882 DURHAM, a 1 bath, 2 bdrm 1 1/2 story. Now MLS® $114,900 - Excellent Value!.
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