SOLD!!!

63 Division St N in Kingsville sold in one week for full asking price!  This was one of the most popular online listings we’ve ever had.  It had almost 2000 tour views since it was published last Monday!  Also in the news today, BMO announced it was cutting it’s 5 year fixed rate-mortgage to 2.79%.  Other lenders are sure to follow suit.  Buyers are active right now and these rates will entice them to act.  Now is a great time to consider listing.  Contact Us today for a free, no obligation assessment of where your home sits in the current market.

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Market Update

With winter coming to an end, we thought it would be a great opportunity to see where the local real estate market sits heading into spring by looking at sales and listing data provided by WECAR.

So far through February, we are noticing somewhat of a shift to a sellers market in Leamington.  There were 28 new listings for the month compared to 46 during the same period in 2014.  At the same time there were 33 sales compared to only 15 in 2014. Homes that sat idle for extended periods of time have been selling while new inventory has not been added to replace them.  In February, the average price for a home in Leamington was $168,743 vs $149,743 in 2014 – an increase of almost 18% on more than twice the number of sales.  A Sales/Listing Ratio of 118% places Leamington in stark contrast to other Essex County municipalities whose S/L Ratio typically hovers between 50-60%.  The county average was 57%.  Clearly the cold weather has not been a deterrent to buyers in Leamington.

1120 Mersea Rd 1 SOLD

The town of Kingsville saw a greater sense of balance.  There were 18 newly listed homes and 14 sales with an average sale price of $202,750 this past February.  By comparison in 2014 there were 16 sales and 25 listings at an average sale price of $226,375.  A S/L Ratio of 78% is still fairly high compared to the rest of the county.

What these numbers show is that buyers in the area are very active, motivated perhaps by the recent interest rate cuts and a potential increase on the horizon.  If you had any interest in selling, the current climate represents a great opportunity to fill a hole in the market as demand creeps up with new inventory needed to fill the void. As warmer weather approaches, now might be the perfect time to start planning your next move.  Contact Us today to see how we can help it happen for you!

1363 Heritage

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SOLD SIGNS!

Inventory update!  2 new sold signs going up today in Leamington and Kingsville.

39 Foundry is a solid brick ranch located in the heart of Leamington.  A great starter home!

39 Foundry

593 Road 4 in Kingsville is a nice custom ranch located near the bypass.  It’s a great home in the country that’s only a few minutes out of town.

593 Road 4 E

These two sales are further evidence that buyers and sellers are still active in Essex County.

SOLD SIGN

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SOLD SOLD SOLD

We’ve had a couple of sales in the last few days.

45 Malibu is a great home in a mature community near the marina. We reduced the price last week and said it wouldn’t last long.  We were right!

45 Malibu main

22 Marlene is a spacious raised ranch on a super quiet cul-du-sac near the marina that sold for 98% of list price.

22 Marlene main

We have many others similar to these – the market is just warming up and interest rates are still low so if you’re thinking about buying now is a great time to do it!  Contact Us today!!

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Inventory Update

Just a quick post to update you on a few sales from the past week.

21309 Harbour Rd

21309 is a great family home in the heart of Wheatley that sold in just over 3 weeks for 98.5% of list price! (yes we had snow the end of March!)

1601 Road 6

1601 Road 6 is a beautiful farm on 50 acres located between Kingsville and Cottam.  This property sold in just over a month for 94% of list price.

622 Point Pelee

622 Point Pelee Drive features beautiful views of the Harbour to the West and Point Pelee National Park to the East.

Want to see your home as a sold listing on this blog?  Contact Us today for a no obligation assessment of what we think your home might be worth in today’s market.

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18 Askew – SOLD

We sold this great income property in 10 days for 98% of list price!

If you’d like this kind of action brought to your home, contact us today!

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Gone!

2 more sold signs this week!

We sold this large family home in Kingsville near Lakeside Park.

We also sold this solid home in one of the best family neighbourhoods in Leamington.

Want your home to appear as a Sold listing on our website?  We do to!  Contact us today to make it happen.

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3 New Sold Signs!

Just a quick update on some of the activity we’ve had in the office the last week.

We listed this property on August 29th and it was SOLD by September 7th!

This condo unit just sold for only $900 below list price!

We sold this spacious home on a beautiful country home just west of Harrow as well.

If you missed these homes, don’t worry we have plenty of others.  If you’re thinking of selling, contact us today!

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5 WINDWOOD – SOLD!

We just sold this great back-split on a quiet street in Leamington.  If you missed out on this one, don’t worry we have plenty of other great homes waiting for you.

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