JULY 2010 Windsor Real Estate Stats.
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 sales the market cooled a bit in June 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