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Buying Tips In Sizzling Seller's Housing Market Windsor and Essex County’s real estate market continues to be hot. Heartbreakingly hot. Home sales in Windsor-Essex rose 20.4 per cent last month compared to June 2015 and the average sales price was $231,880 — up from $198,801 a year ago. It’s so hot veteran real estate agents haven’t seen anything like it in 30 years, Windsor-Essex County Association of Realtors president Norman Langlois said Wednesday. “We try not to create pandemonium and we don’t want to get everybody all excited, but it is moving very fast and it’s because we’re probably the best area in southern Ontario to buy in,” Langlois said. Homes can sell within days and the listings aren’t increasing fast enough to keep up with sales, he said. On average, houses are going for $5,000 to $8,000 over the asking price and he knows of some that fetched $30,000 to $100,000 over the list price.  Great for sellers. Tough on potential buyers. “Some of them are now at their sixth offer and missed out on the first…

12 Things You Should Know About Real Estate 1. A home is worth what a buyer is willing to pay. You may think all the time and effort you have put into your home before listing it, even what you paid for it previously, makes it worth a certain price. Even an appraiser may come in before you list and say it’s worth close to a price you like. But at the end of the day, it is only worth what a buyer is willing to pay for it. They may think your upgrades don’t match up with the asking price. It may be that the home does need renovations and the asking price is too much to justify buying it and immediately pouring more money into it. A buyer would rather purchase a home at $125k, put $25k into it, and have it be worth $180k instead of buying a home at $180k that needs the same work of the $125k home. 2. Upgrades may not increase the value, but they’ll increase the chances of getting it sold. It’s normal to think or hope that you’ll get back every penny spent on a home renovation. Unfortunately, in most cases you really only…

Bidding Wars Now Common in Windsor's Real Estate Market Real estate bidding wars are becoming more common in Windsor, something realtors say they have not seen before. Many realtors that have been doing this job for several years say, they have never seen a market like this.  The Average house price in Windsor is currently $192,773 — up $10,000 from this time last year. Almost every house that is up for sale is receiving multiple offers, with many selling above the asking price, he said.  A house in South Windsor, located on Dominion Boulevard near Cabana Road West, was listed at $149,900. It sold in one day for more than $20,000 over the asking price.  Many homes in south Windsor are selling for $20,000 above the asking price on the same day they are listed. (Amy Dodge/CBC) There are not enough quality listings in the market. "For the amount of buyers…we're not seeing enough good properties for sale," however, overall, listings are up this year.  Sellers Controlling Housing Market The sellers are controlling the market,…

Residential Stats for June 2016 Please note: this webpage is compiled of multiple interactive graphs. Please feel free to click and hover to experience the full potential. For example, each bar/line contains additional information when you hoover above it, and years can be activated/deactivated by clicking on the legend. Click here to downloand Rsidential Stats Resport for June 2016

Amherstburg Garden Tour Takes on Fresh Look for 30th Anniversary Big changes are coming to Amherstburg’s 30th annual tour of private gardens including new dates for the event and entertainment. “Because it’s our 30th, we’re going to have either an artisan or a musician in each of the gardens throughout the tour,” said Paulette Drouillard, vice-president of the Amherstburg Fort Malden Horticultural Society. Drouillard said nine private gardens will offer a variety of styles and locations for visitors to explore – everything from small urban areas to a three-acre property that boasts an orchid house, orchard and vineyard. There’s also a river-front and a lake-front garden on the tour. Bille Gardner’s Amherst Point garden will be on the 30th annual Amherstburg Garden Tour on June 19 and 20, 2015. (JULIE KOTSIS/The Windsor Star) Also new is a “stroll” down Alma Street. “We’ve chosen Alma Street as the feature street this year and people are invited to just park the car and walk along and notice the front yards along this street which…