July saw a bit of a slowdown in market activity. Sales were down 11.61% and listings were down 3.86%. After 10 months of double digit gains in sale the market cooled a bit in Juse of this year and continued for July. Interest rates would of been a bit of a factor but they have sinced dropped down a bit and a 5 year mortgage can be had for 3.89% through my mortgage partners at Equity Plus Mortgages. The introdution of the HST seems to have scarred some people due to the percieved higher costs. The HST will add 8% tax to the services from Realtors, Home Inspectors, Lawyers, Appraisers, etc. but would only apply to the purchase of a new homes over $400,000 with a rebate being paid back to the builder. The introduction of the HST will add a few hundred dollars to the transaction not the percieved thousands many believe to be so.
We'll see how August goes. If you have any questions you can reach me at donmerrifieldjr@remax.net
Enjoy the Heat.....Don
Commerical Plus 4 Apartments
• commercial "Commercial Residential" - 
MLS® $189,900 - Power Of Sale
Walkerville, Windsor - PPTY BEING SOLD AS IS WHERE IS UNDER POS. SELLER MAKES NO WARRANTIES OR REPRESENTATIONS, BUYER TO VERIFY ALL INFO. BLDG KNOWN AS THE FRENCH CANADIAN CLUB. FEATURES A MAIN FLR COMMERCIAL USE & 4 RESIDENTIAL APTS ON THE 2ND FLR. LOCATED IN A HIGH TRAFFIC REVIVING AREA. GOOD INCOME POTENTIAL. SCHEDULE A TO BE ATTACHED TO ALL OFFERS.
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Gorgeous 2 Storey
• 3 bath, 4 bdrm 2 story - MLS® $449,900
Lakeshore, Essex County - VERY WELL APPOINTED 2 STY BRICK HOME IN PREFERRED SCHOOL DISTRICT W/4 BDRMS (ALL LRG, MASTER W/OVERSIZE W-IN CLST & 6 PC ENSUITE), 3 BATHS, HRWD, LIMESTONE & CERAMIC FLRG. MAIN FLR FAM RM & OPEN CONCEPT KITCHEN OUT OF A MAGAZINE. SITUATED ON A LRG LOT. PROFESSIONALLY LNDSCPD W/AN O/GR SALTWATER POOL FOR YOUR SUMMER ENJOYMENT. MANY EXTRAS ARE INCLUDED IN THIS 5 YR NEW KOLODY BUILT HOME. SIMPLY STUNNING!!
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Many Updates
• 2 bath, 3 bdrm 1 1/2 story - MLS® $129,900
Eastside, East Windsor - BEAUTIFULLY UPDATED HOME IN A WONDERFUL LOCATION. HOME FEATURES BEAUTIFUL HARDWOOD FL00RS & UPDATED KITCHEN W/FAMILY SIZE ISLAND, 3 BEDROOMS WITH MAIN FLORR MASTER. LARGE 2 CAR GARAGE, COVERED FRONT PORCH, UPDATED ROOF, FURNACE & C/AIR, COMPLETELY RENOVATED MAIN BATH, ALL NEW WINDOWS, WONDERFULLY DEEP FULLY FENCED BACKYARD, PLASTER CONSTRUCTION W/BEAUTIFUL CROWN DETAILING & SO MUCH MORE. HOME IS IN MOVE IN CONDITION.
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Central, Windsor - Announcing a price reduction on 940 Tuscarora, a 1 bath, 3 bdrm 1 3/4 story. Now MLS® $24,900 - YES IT IS $24,900.
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• 2 bath, 3 bdrm bi-level - MLS® $159,900 - Just Listed
South Windsor, Windsor - BEAUTIFULLY FINISHED ON BOTH LEVELS. 2 BEDROOM SEMI DETACHED R-RANCH IN SOUTHWOOD TRAILS. A FEW STEPS UP TO AN OPEN CONCEPT LIV/DIN RM W/LAMINATE FLOORING THROUGH INTO A GOOD SIZE KITCHEN W/MAPLE CABINETS. 2 BEDROOMS, 1 BATH W/CHEATER DOOR FROM MASTER. FULLY FINISHED LOWER LEVEL W/GRADE ENTRANCE. LARGE FAMILY ROOM W/GAS FIREPLACE & 3RD BEDROOM. EXCEPTIONAL QUALITY THRU-OUT. ATTACHED GARAGE W/INSIDE ENTRY & INTERLOC DRIVE.
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• 2 bath, 3 bdrm bungalow - MLS® $109,900
Eastside, East Windsor - GREAT OPEN CONCEPT EASTSIDE RANCH, COMPLETELY UPDATED W/MANY FEATURES NOT NORMALLY FOUND IN THIS PRICE RANGE. THE MAIN FLR HIGHLIGHTS HRWD FLRS, NATURAL FIREPLACE, NEWER KITCHEN, SKYLIGHT, NEWER BATH, 2 BDRMS & ALL REPLACEMENT WNDWS. THE LWR LVL IS FULLY FINISHED W/FAM RM, NEWER 3PC BATH, ADD`L BDRM & LAUNDRY/STORAGE AREA. THE REAR YARD IS FULLY FENCED, NEWLY LNDSCPD W/A LRG PATIO & STORAGE SHED. MANY UPDATES INCLUDING C/AIR 2009, NEWER ROOF, ELECTRICAL, & WINDOWS.
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• 940 sq. ft., 2 bath, 2 bdrm apartment - MLS® $129,900
Sandwich, Windsor - BEAUTIFULLY UPDATED WATERFRONT CONDO FEATURING 2 LRG BDRMS, 2 FULL BATHS W/ENSUITE, NEW LAMINATE FRLS, GORGEOUS CORNER GAS FIREPLACE, BALCONY W/VIEW OF THE WATERFRONT, UPGRADED BRIGHT KITCHEN W/CERAMIC FLRG, IN-SUITE LAUNDRY & STORAGE AREA. LOCATED CLOSE TO THE BORDER, 2 MINUTES FROM DOWNTOWN & WITHIN WALKING DISTANCE TO WATERFRONT PARKS & WALKING TRAILS.
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Beautifully Updated 1.5 Storey
• 1 bath, 3 bdrm 1 1/2 story - MLS® $109,900 - Just Listed
Eastside, East Windsor - BEAUTIFULLY UPDATED 1.5 STY FEATURING MAIN FLR MASTER, 2 BDRMS & OFFICE SPACE ON 2ND FLR, NEW LAMINATE FLRS ON MAIN, LRG FAM RM, SEPARATE DIN RM, LRG PRIVATE FENCED BACKYARD W/NEW DECK, GREAT FOR ENTERTAINING, COVERED CEMENT FRONT PORCH, F/AIR GAS, C/AIR, MAIN FLR LAUNDRY & MUCH MORE. SHOWS VERY WELL.
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Gorgeous 2 Storey
• 3 bath, 4 bdrm 2 story - MLS® $449,900
Lakeshore, Essex County - VERY WELL APPOINTED 2 STY BRICK HOME IN PREFERRED SCHOOL DISTRICT W/4 BDRMS (ALL LRG, MASTER W/OVERSIZE W-IN CLST & 6 PC ENSUITE), 3 BATHS, HRWD, LIMESTONE & CERAMIC FLRG. MAIN FLR FAM RM & OPEN CONCEPT KITCHEN OUT OF A MAGAZINE. SITUATED ON A LRG LOT. PROFESSIONALLY LNDSCPD W/AN O/GR SALTWATER POOL FOR YOUR SUMMER ENJOYMENT. MANY EXTRAS ARE INCLUDED IN THIS 5 YR NEW KOLODY BUILT HOME. SIMPLY STUNNING!!
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LaSalle, Essex County - We invite everyone to visit our open house at 640 Michigan on May 2 from 1:00 PM to 3:00 PM.
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Colchester, Essex - We invite everyone to visit our open house at 167 Adelaide on April 25 from 1:00 PM to 3:00 PM.
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Gorgeous Waterfront Living
• 2 bath, 3 bdrm 1 3/4 story - MLS® $399,900
Colchester, Essex - A HOUSE DESIGNED W/THE VIEW IN MIND! CAREFREE LIVING IN THIS OPEN CONCEPT, COMPLETELY UPDATED LAKEFRONT 2 STY. OFFERING I/GR POOL, LAKESIDE HOT TUB, LRG DECKS & PRIVACY FENCING. YOU CAN`T HELP BUT ENJOY YOURSELF! THE HOME IS PURE CALIFORNIA LIVING W/TONS OF WINDOWS, HARDWOOD, CERAMICS, MASTER W/ENSUITE, SPACIOUS LIVING ROOM W/GAS FIREPLACE, STYLISH KITCHEN & AN UNBEATABLE AIRY FEEL. 3 BDRMS, 2 BATHS, MAIN FLR LAUNDRY, ATTACHED GARAGE AND GATED DRIVE. CALL FOR COMPLETE LIST OF FEATURES.
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Affordable Family Home
• 2 bath, 3 bdrm ranch - MLS® $129,900 - Reduced
Mic Mac Park, West Windsor - GREAT RANCH FAMILY HOME IN A QUIET AREA CLOSE TO THE HOSPITAL, SHOPPING & 2 MINUTES FROM THE BORDER. FEATURES 3 BDRMS ON MAIN, WET BAR IN BSMT, 2 BATHS, FAM RM IN LWR LVL, EXTRA BDRM OR OFFICE IN LWR LVL, HRWD FLRS, 1 CAR GARAGE, ENCLOSED FRONT PORCH, UPDATED F/AIR GAS, C/AIR & A BEAUTIFUL BACKYARD.
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The Royal Bank has raised their interest rates .25%. This is the 2nd rate increase in 2 weeks. Last week the major banks and most finance companies raised their rates .6%. This brings the total increase to .85% in 2 weeks. The RBC posted rate is now 6.1% on a standard 5 year fixed mortgage. So far it's on RBC but you can be pretty sure the other big banks will soon follow. What does this mean to you? Get pre approved now if you think there is any chance of moving in the next 4 months to lock in the current lower rates. If you need any help contact me and my Mortgage Partners can easily get you pre approved at the lower rates with a phone or on line application.
donmerrifieldjr@remax.net www.donmerrifieldjr.com