New Kingsville Listing

We just finished uploading a wonderful 3 bedroom home on Heritage Rd just across the street from the Lake.  There’s a nice patio on the second floor (off the master bedroom) that allows you to take in the view while enjoying a cup of coffee or a glass of wine.  The mainfloor features an open concept layout complete with a gas fireplace.  It is also located on Lake Erie Waterfront Trail close to public beaches.  Check out the Virtual Tour and Contact Us for a personal viewing of the special property.

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Price Reduced – 1225 Nottingham Kingsville

We’ve just secured a price reduction of nearly $10,000 on this 2,200 square foot ranch located on a quiet cul-de-sac between Leamington and Kingsville.  The home has many recent improvements and features a very large treed yard.  Check out the virtual tour and Contact Us today for your personal viewing.

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Top 10 Turn-offs for Homebuyers

I came across a good article posted on Yahoo Finance about what influences a homebuyer’s perceptions of a home during a tour.  Given today’s market conditions, it makes sense to make your home as attractive to buyers as possible.  Here is a list of potential turnoffs that you might want to avoid.

  • Dirt – make sure your home is clean and tidy.
  • Odour – food, pet and cigarette
  • Old Fixtures – a small investment in lights and even cabinet doorknobs will look good to potential buyers
  • Old Wallpaper – updated wall coverings can make a house feel years younger
  • Popcorn Ceiling – not cheap to replace and optional
  • Too Many Personal Items – torn a bit on this one because buyers want to see not a house but a home
  • Snoopy Sellers – we always recommend not being present for a tour.  Buyers feel they can’t be honest in front of the owner.  It’s impossible to overcome an objection that’s never made!
  • Misrepresenting Your Home – you want things to be as advertised when buyers come to your door
  • Poor Curb Appeal – a well kept lawn garden is key.  Consider power-washing the house prior to listing as well
  • Clutter – too much stuff makes the house feel like it does not have adequate storage space.  It may be worth renting a storage unit for a period of time until the house is sold.

These are just a few suggestions, a lot of which are just common sense.  You want to make it as inviting as possible for any potential homebuyer to make sure your house stands out amongst the crowd.

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Market Update

Hard to believe, but 2013 is more than half way done!  Before you know it we’ll be getting ready to send the kids back to school.  This is a great opportunity then to take stock of where the local real estate market is at compared to this time last year.

According to statistics provided by the Windsor-Essex County Association of Realtors, YTD market activity is down 2.91%.  There are 4,687 available listings as of the end of June compared to 5,013 at this point last year.  Sales are down a modest 0.04% with 2,590 units sold compared to 2,591 units sold by this point in 2012.  YTD average price however has increased 3.62% to $180,645.  At this point in 2012 the average sale price was $174,341.  In sum, the market appears to be showing a sense of balance with inventory slightly down, sales staying relatively flat but sale price is increasing.

There are pockets in the local market that have been relatively strong lately.  For example;

  • Waterfront properties along Point Pelee Drive and Robson Road in Leamington. In the last two months, 5 waterfront homes have sold at an average price of $279,900.
  • Golfside Village in Kingsville. Since the beginning of the year 17 houses have sold in this subdivision with an average price of $219,147. The average exposure time for these properties was 70 days and sellers got  on average 99% of their asking price.
  • Bennie Ave townhouses.  Since the beginning of the year, 7 townhouses have sold on Bennie, Christina and Peter at an average price of $168,068.  Since the beginning of May, 5 new listings have been added with an average list price of $166,177.

These figures show that between Leamington and Kingsville there is a strong demand for certain property types and locations.  We are, however, beginning to see mortgage rates start to tick up ever so slightly which might take a bit of the momentum out of the market if they continue to rise.  As a buyer or seller then, this is a great time to think about getting into the market.  Lower interest rates mean buyers can afford to spend more on a home as the cost to service the debt is lower.  Buyers may also be motivated to move quicker as they don’t want to lose access to this cheaper credit.

If you’re thinking of selling, please Contact Us or send me a quick email at brad@critchlowrealty.com.  We’d be happy to give you an analysis about what’s happening where you’re living.

Now enjoy the rest of the summer.  Before you know it you’ll be stocking up on school supplies!

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Custom Family Home on a Quiet Street

This brand new listing will make a great home for a growing family!  The park-like yard measures 100′ x 192′ and has many mature shade trees.  The house features 4 bedrooms, an updated kitchen, gleaming hardwood throughout, 2 fireplaces and a large family room.  Both bathrooms have been renovated and would not be out of place at a boutique hotel in the city.  Contact Us today to see this special home for yourself.

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Have your say in how you get around Leamington!

Share the Road

On Wednesday May 29, 2013 the town of Leamington will be holding an Open House to provide information on the town’s Transportation Master Plan process and to give the public the opportunity to comment on existing issues with getting around town.   Project staff will be on hand to seek input on short term and long term solutions to improve travel in Leamington.

We will be attending this forum to express our support for the County Wide Active Transportation Study and to communicate what we feel are the strong links between economic development and active, healthy communities.  According to a study done by Transportation Canada, “active transportation infrastructure supports local businesses because cyclists and pedestrians are more likely to spend their money at local destinations, thereby increasing economic viability within their community and increasing revenue for local business.”  Moreover “providing for active transportation can also support a community’s overall livability, which, in turn, can help both retain and attract new businesses. Numerous studies have shown that livable cities are more attractive to knowledge-based businesses whose employees tend to seek amenity-rich communities.”

There are a couple of key projects that we will be pushing to get done.  First and foremost, we would like to see the town work with the County of Essex to get pedestrian lanes placed on County Road 20 from Sherk Street to County Rd 31 (the Albuna townline).  This is the main connection between Leamington and Kingsville and a popular road for tourists to travel along and having pedestrian access to this stretch of road should be a priority.  We’d also like see bike lanes replaced on Talbot Street West from Fader Avenue to Fraser Road.   In general though we want the town to know that active transportation needs to be a cornerstone of long term transportation policy.  If you feel the same way, we hope to see you at the open house too!

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“Explosive” Economic Growth in Leamington-Kingsville

The Conference Board of Canada just released a report  reviewing the recent economic history of 46 mid-sized Canadian cities (10,000-100,000 residents) for which comprehensive data are available from Statistics Canada.  This report says that while many mid-sized cities in Canada have not recovered fully from the recent recession, Leamington has posted “explosive economic growth” in the last three years, averaging more than eight per cent annually.

According to the Windsor Star, the main reason for this growth is unprecedented growth in the greenhouse sector.  This area has long been seen as the greenhouse capital of Canada.  In Ontario there are 2,272 acres of commercial greenhouse space and of that 1,969 acres are within 100km of Leamington-Kingsville.  George Gilvesy, general manager of Leamington-based Ontario Greenhouse Vegetable Growers suggests that  not only has there has been a change in North America in people’s eating habits towards healthier eating, eating more produce, but also there’s been a transfer in demand from consumers from field production to greenhouse produce because of the quality factors and the availability virtually year-round.  Because of the growth in demand for greenhouse products, the region has expanded with 350 acres being constructed in the last 2 years.

So while many mid-sized cities have not regained the jobs they lost during the recession, Leamington’s total GDP increased 10.6 from 2011 to 2012.  Given that we still have one of the most affordable housing markets in Canada, it’s apparent that Leamington-Kingsville is a great place to call home.

 

SOLD SOLD SOLD

Another quick blog update on some sales activity from the last week.

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251 Lakeview is a beautiful 2 storey home on over 100′ of waterfront close to downtown Kingsville.   It had one of the nicest terraced gardens we’ve seen in a long time!  It sold for 98.6% of list.

30 Golfview.16

30 Golfview is a great raised ranch with an nice open concept living area.  Golfside Village really is one of the hottest markets in the county right now – listings are scooped up in a hurry.  This property sold in 3 weeks for 98.9% of list price!

We’re excited to add a few new listings to the site as the week progresses.  Check back with this blog or like our facebook page to always be on top of new listings and information!

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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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New Oxford Neighborhood Listing in Kinsville

We’re really excited to upload this new listing at 1225 Nottingham Avenue in Kingsville.  It’s a custom 2200 square foot ranch on over half an acre of park like property.  This home has seen many recent upgrades including a new family room addition, a stamped concrete driveway and a new roof in 2011.  Check out the virtual tour and Contact US today to see how much space there is to enjoy.

 

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