Windsor Real Estate Market Stats for November 2008
November saw big drops in sales volume over November 2007. Total new listings for the month were down 12% to 863, and sales were down 36% over November 2007. Year to date our Listings are down 6% and our sales are down 7%. The average price was up almost $7000 over November 2007. Interest rates continue to fall and will probably continue to do so. Economists are predicting the Ban of Canada will lower the prime rate .5%-.75% before the end of the year which should result in lower mortgage rates. If you have money it's a great time to invest in real estate. It may be hard to imagine but like all other recessions this one will too pass and you'll be saying if only I had bought when prices were that low. For more information you can contact me at donmerrifieldjr@remax.net or 519-944-5955
The Windsor - Essex County Real Estate Board
MLS ® Statistic Report
NOVEMBER 2008
%INC/DEC
2008 2007 2006
[ 2007 - 2008 ]
Total # of Listings [Month] 863 976 954 -12%
Total # of Listings YTD 13476 14325 14278 -6%
Total # of Sales [Month] 241 374 372 -36%
Total # of Sales YTD 4765 5149 5149 -7%
Total Sales Dollar Volume [Month] $41,273,363, $64,857,140, $66,601,720 -36%
Total Sales Dollar Volume YTD $778,185,362 $879,008,748 $875,241,950 -11%
MOST POPULAR STYLE OF HOME
Style of home Sold Average Sale Price
1st Raised Ranch / Bilevel 51 196,183
2nd Ranch 38 194,226
3rd 2 Storey 34 210,099
4th 1-1/2 Storey 22 125,486
5th Bungalow 20 95,480
(RESIDENTIAL) MARKET ACTIVITY COMPARISON
MONTHLY YEAR TO DATE
2008 2007 2008 2007
Listings Down 12.53% 656 750 Listings Down 4.90% 10276 10805
Sales Down 38.87% 206 337 Sales Down 7.85% 4177 4533
Average Sales Price $170,240 $163,026 Average Sales Price $162,904 $166,480
MEMBERSHIP STATISTICS 2008 2007
Affiliate 13 14
Broker 135 125
Broker of Record 63 68
Honorary 5 5
Sales Person 675 731
Total 891 943
MEMBERSHIP SUMMARY CURRENT YEAR TO DATE
New Members 0 36
Terminated Members 6 99
2008 2007
Broker Firms 65 75(Not including branch offices)
Disclaimer: The Windsor-Essex County Real Estate Board does not warrant in any way the information contained herein as to the accuracy or completeness. This is the sole responsibility of
those businesses and individuals that have submitted the information contained herein