THE CHATHAM VOICE
THURSDAY, FEBRUARY 20, 2020
PAGE 7
Looking for Bungalows! Residential, Commercial and Farm Mortgages!
PHILLIPS BARB PHILLIPS BARB PHILLIPS
ate Brokerage Real Estate Brokerage Real Estate Brokerage 519-359-8588
MS COME HOME WHERE DREAMS WHERE DREAMS COMECOME HOMEHOME
519-351-SAVE
Barb Phillips
-8588 519-359-8588 519-359-8588 Broker of Record Barb Phillips a@mnsi.net Email: phillba@mnsi.net 519-359-8588 Email: phillba@mnsi.net Broker of Record
Barb Phillips Barb Phillips
Our Family Taking Care of Your Family
Broker of Broker Recordof Record
barbphillipsrealestatebrokerage.com 74 Elizabeth 74 Elizabeth email: phillba@mnsi.net
Elizabeth Willcox St., Chatham ox St.,74 Chatham Street
Street Street
THURSDAY, FEBRUARY 20, 2020
Great family home Great Great family family home home in lovely mature in lovely in lovely maturemature neighbourhood. neighbourhood. neighbourhood. Features eat-in Features Features eat-in eat-in kitchen, formal kitchen,kitchen, formalformal dining room, living dining room, dining room, living living $174,900 $174,900 $174,900 room w/natural room w/natural room w/natural 3 bedwoodwork, ,yt lovely family home, open concept woodwork, family home, open concept 3 bed-3 bedwoodwork, 1 bathroom, or, with ensuite, main floor rooms, 1 bathroom, stermaster withrooms, ensuite, main floor 1 bathroom, Openrooms, House HouseHouse main floor main floor1-3 laundry. Open Open floor office, lowerlaundry. level finished, main floor laundry. rinoffice, lower level finished, Sat., July 8 from Sat.,8July from 1-3 Sat., July from8 1-3 Call Barbneighbours. for details! Callfor Barb for details! lot, no backyard Call Barb details! backyard neighbours.
Home sales heat up in January
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estatebrokerage.com barbphillipsrealestatebrokerage.com bphillipsrealestatebrokerage.com By Bruce Corcoran excess demand will continue to spill over even bruce@chathamvoice.com
Home sales in Chatham-Kent soared in January after a quiet December. According to figures from the Chatham-Kent Association of Realtors (CKAR), 92 units changed hands last month, up nearly 28 per cent from the same time last year, and setting a new sales record for the month of January. Michael Gibbons, president of CKAR, said a solid start to 2020 was expected. “We know demand is very strong, and home sales began 2020 with a massive new January record as a result,” he said. “That may be possible in a quiet month like January, but there will have to be a considerable jump in new listings in order to pull off the same feat in the spring, otherwise that
more onto the price side.” The strong January followed a rather cool December, where 62 units changed hands, down more than 21 per cent from December of 2018. “January is back up as people are back on the hunt again,” Gibbons said. The average price of homes sold in January 2020 was $246,143, up 12.6 per cent from January 2019. Gibbons said the market continues to fluctuate locally, but the price trend remains upward. “It is difficult to predict. You are at the mercy of market forces,” he said of housing prices. “Based on the drought of listings, I’m not really surprised at the higher prices. Supply and demand says if you don’t have enough out there, what is available is going to go higher.”
The reality, however, is that Chatham-Kent is no longer a well-kept secret in terms of an affordable place to live in the province, Gibbons said. “I believe this is the new normal. We’ve been so underpriced compared to other areas for so long, we are playing catch up,” he said. “Plus, in the past few years, there have been four or five different magazine articles saying ‘here are the 10 cheapest places to live in Ontario’ and we have been on all of them. That’s drawn attention to it.” The location doesn’t hurt either, with close proximity to the Great Lakes, a short drive to Detroit or London, and Toronto still close enough to make day trips there. Gibbons said homes in the $150,000 to $250,000 range remain in very high demand. “It’s almost impossible to find anything. When
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Chatham-Kent home sales warmed back up in January after a rather chilly December. The problem of low inventory has not gone away, however.
you do, you know you are going to have to renovate,” he said. The lower price ranges are suffering, he added. New home construction may be bustling locally, but those homes are typically priced at more than $300,000 and up. There were 105 new residential listings in January 2020. While this was an increase of 11.7 per cent (11 listings) on a yearover-year basis; it remains historically low. In terms of low inventory, Gibbons said some people are waiting to list their home until they find
another, but there are more factors at play. “We have a higher senior population. They like to stay in their homes as long as they can,” he said. An influx of out-of-town buyers is another key factor. Gibbons said between 25 and 30 per cent of properties sold are to people from out of the area. But he said he knows of no one who buys a home just to sit on it and wait for the price to rise before flipping it for a profit. “We’ve got a lot (of outof-town buyers) who are buying to stay. I have seen some outside investment
as well,” he said. “Because our inventory is so low and in the rental market the vacancy rate is so low, it’s not practical here to do that sort of speculation on a large scale. We really don’t have the ability to hold a vacant property. If you are going to hold onto it, you might as well rent it out and get the benefit of that.” Overall supply is currently trending at never before seen lows. Active residential listings numbered 143 units at the end of January. This was down 21 per cent from the end of January 2019.
This Week’s Open Houses Thursday, February 20
Peifer Realty Brokerage
11:00-4:30pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
Friday, February 21
11:00-4:30pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
Saturday, February 22
12:00-4:00pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty 1:00-3:00pm . . . . . 915 Charing Cross Rd ., $328,000 Patrick Pinsonneault, Royal LePage Peifer Realty
9034 Middle Line, Blenheim
5 Acre country property. 3 BR brick ranch home, 40 x 80 heated shop. Brand new septic. Great location, call now! $559,900.
131 Peel St., Shrewsbury
Wonderful 4 BR, 2 bath home overlooking Rondeau Bay. Detached 1.5 car garage. Beautiful half acre lot in a special location. $320,000.
Sunday, February 23
Monday, February 24
10:00am-4pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
Tuesday, February 25
Wednesday, February 26
10:00am-4pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
42 Talbot St. W., Blenheim
519-676-5444
Penny Wilton, Broker 519-360-0315
Elliot Wilton, Sales Rep. 519-358-8755
12:00-4:00pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
10:00am-4pm . . . . 272 Moonstone, starting at $319,900 . . . Kristen Nead, Royal LePage Peifer Realty
Independently Owned & Operated
30 Main St. E., Ridgetown Large 3 storey commercial building formerly operated as a bar/tavern. Central Business District Zoning allows for an array of uses. $179,900.
78 Ford Cres., Blenheim
3+1 BR, 2 bath brick rancher. Awesome location, huge basement, attached garage & loads of updates. Call Now! $314,900.
THE CHATHAM VOICE
PAGE 8
THURSDAY, FEBRUARY 20, 2020
THE CHATHAM VOICE
THURSDAY, FEBRUARY 20, 2020
Serving Chatham-Kent Since 1968
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Realtor On Duty
www.royallepagechathamkent.com CHATHAM OFFICE BLENHEIM OFFICE
Brian Keenan* 519-365-6090
open house
34 Raleigh St. 42 Talbot St. W.
519-354-5470 519-676-5444
272 MOONSTONE (Newbold Model) 223 MOONSTONE (Sterling Model)
Peifer Realty Inc.
BROKERAGE - INDEPENDENTLY OWNED AND OPERATED
Monday-Friday 9:00am-6:00pm Saturday 9:00am-1:00pm
$354,900 Gwen Liberty* 519-784-3646
$399,900
Wayne Liddy* 519-436-4810
37 ORANGEWOOD $394,000
NEWBOLD
ASPEN PLUS
STERLING
Located in the new Maple City Homes “Meadows Development” Call Kristen Nead @ 519-784-7653 for more info Krista Mall* 519-365-7462
June McDougall* 519-358-5199
open house Immediate Possession
Sylvia Moffat** 519-355-8189
Heather Najjar** 519-355-8666
Ghassan Najjar** 519-355-8668
SAT. FEBRUARY 22, 1-3PM 915 CHARING CROSS RD $328,000 AGENT: PATRICK PINSONNEAULT A rare find, 3 bedroom bungalow with a circular driveway on Charing Cross Road. Call Amber at 519-784-5310 or Patrick at 519-360-0141.
26 MCKEOUGH $224,900
Jackie Patterson* 519-436-9030
311 DAVIES E, DRESDEN $299,000 2br, 2 bath ranch home to be built. Call Krista 519-365-7462.
53 HARVEY $228,888
Charming 3br, 1 1/2 bath, 1.5 storey home that has undergone a total facelift inside & out. Call Brian K 519-365-6090.
6258 TALBOT, MERLIN $749,888
Magnificent 4br, 3.5 bath brick ranch on the scenic Lake Erie Bluff. Call Brian K 519-365-6090 or Brian P 519-436-2669.
65 MAIN W, RIDGETOWN $599,000 Great investment opportunity on this .78 acre location. Call Steve 519-355-9774 or Brian Peifer 519-436-2669.
New Listing 43 CARTIER $419,000
Your dream home awaits! 3+1br, 2.5 bath 2 storey in the Landing’s subdivision. Call Marco 519-784-4348.
Owner wants it SOLD! 4034 ST CLAIR PKWY $599,000
4br, 5 bath 3 storey home on the St Clair River. Call Deb Rhodes 519-401-5470.
Broker of Record Cell 519-436-2669
New Listing
New Listing 1140 FULLER, DRESDEN $308,888 Neat & tidy 3br, 1.5 bath bi-level with lots of space. Call Brian K 519-365-6090.
56 TECUMSEH 299,900
4br, 1.5 bath 2 storey cape cod with lots of character & charm & some updates. Call Eric 519-436-4865.
875 CHARING CROSS $579,900
Stately Tudor style, 2.5 storey home with 2.98 acres of land including approx 2 ac’s of bush. Call Brian Peifer 519-436-2669.
Chris Papple* 519-350-1402
Elizabeth Peifer* 519-436-8959
Well maintained 3br, 1.5bath solid storey home with many improvements. Call Lisa 519-365-7325.
731 LIVINGSTON, DRESDEN • $369,900
3br, 2 bath 3 level side split, move in ready with many updates & large heated workshop. Call Krista 519-365-7462 or Brian P 519-436-2669.
D L SO 14 PRIMROSE LANE $244,900 Spacious 3 level side split, double detached garage with heat and hydro. A must see home. Call Cindy at 519-360-0628.
New Listing 149 GRAND W $14/MTH LEASE Great lease opportunity. 2,000 sq ft building ideal for a professional office. Call Steve 519-355-9774.
19950 HILL, RIDGETOWN $259,900 Great affordable package to start or relocate your business. Well maintained building. Call Deb R 519-401-5470.
264 WELLINGTON W $219,500
Brick 2 storey commercially zoned building permitting use as a duplex. Call Carson 519-809-2856.
4736 TALBOT, MERLIN $538,888
7 yr old, 3+1br, 3 bath custom built brick rancher on the spectacular Lake Erie bluff. Call Brian K 519-365-6090.
7627 RIVERVIEW LINE $738,900
Quality custom built home on a beautiful river lot. Call Brian Peifer 519-436-2669.
100 GREGORY E $278,000
3+1br 3 level side split with some updates & plenty of yard here. Call Patrick 519-360-0141.
54 ALGONQUIAN $434,000
3br, 3 bath. Great southside custom built quality family home. Call Patrick 519-360-0141.
242 PETER S, BOTHWELL • $179,000
Charming 3br, 1.5 storey home with some updates on a huge lot. Call Jackie 519-436-9030.
302 JAMES, WALLACEBURG $1,500/MTH LEASE
Awesome downtown location for lease. Approx. 1,000 sq ft. Now vacant. Call Wayne 519-436-4810.
Mary Shadd* 519-809-3370
Broker**
304 DAVIES E, DRESDEN $339,000 2 br, 2 bath ranch in the all new ‘Leisure Lane District’. Call Krista 519-365-7462.
4 SIXTH $249,900
Centrally located office space or boutique in downtown Chatham. Call Brian Peifer 519-436-2669.
133 KING W $4,100/MTH LEASE
Highly visible executive office space in downtown core. Monthly lease rate includes utilities, common maintenance & taxes. Call Sylvia 519-355-8189.
112 ST GEORGE $84,000
Commercial building lot with many permitted uses. Call Darren 226-627-8580.
13119 LONGWOODS, THAMESVILLE • $279,900 2 separate comm buildings, 1 with retail & office, the other for auto body building repair & detailing. Call Brian Peifer 519-436-2669.
550 ROSS, ERIEAU $149,990
Great opportunity to own this cottage in Erieau. Being sold “as is” “where is”. Call Jackie 519-436-9030.
Brandice Smith* 226-626-4838
Ron Smith* 519-360-7729
Carson Warrener* 519-809-2856
Cindy Weaver** 519-360-0628
Elliot Wilton* 519-358-8755
Penny Wilton** 519-360-0315
Lisa Zimmer* 519-365-7325
Marco Acampora* 519-784-4348
Kelly-Anne Appleton* 519-365-7155
Steve Carroll* 519-355-9774
Eric Fitzgerald* 519-436-4865
Ronald Franko** 519-355-8181
Michael Gibbons* 519-365-5634
Darren Hart* 226-627-8580
New Listing 7774 TALBOT TR., BLENHEIM • $588,888
Unique flagstone 3br ranch on the bank of the Lake Erie Bluff. Call Brian K 519-365-6090.
214 NEW SCOTLAND, SHREWSBURY • $247,500 Move in ready! Immaculate 2br bungalow recently renovated. Call Mary 519-809-3370.
110 SMITHFIELD $399,900
Outstanding 3+1br, 3 bath bi-level with insulated 2 car garage. Call June 519-358-5199.
598 QUEEN $419,999
Currently operating as a 36 seat Mediterranean Restaurant. Approx. 1770 sq ft. Call Eric 519436-4865 or Chris 519-350-1402.
33 ALBERT, FOREST $284,900 Cute as a button, 3br, 1.5 bath bungalow. This home has it all! Call Kristen 519-365-7462.
98 MCFADDEN $239,900
Great location & value in this 3br recently updated 1.5 storey home. Call Eric 519-436-4865.
Amber Pinsonneault* Patrick Pinsonneault** 519-784-5310 519-360-0141
Deborah Rhodes* 519-401-5470
Michael Smyth* 519-784-5470
3+1br, 2 bath brick rancher in pristine condition with many updates. Call Elliot 519-358-8755 or Penny 519-360-0315.
New Listing
Offer Pending
David Smith* 519-350-1615
78 FORD, BLENHEIM $314,900
Kristen Nead** 519-784-7653
New Listing
Andrea Okopny* 519-359-2482
D L SO
3+1br, 3 1/2 bath beautifully cared for 2 storey home with full finished basement. Call Kelly-Anne 519-365-7155.
New Listing
Brian Peifer
D L SO
MONDAY - WEDNESDAY 10AM-4PM THURSDAY - FRIDAY 11AM-4:30PM • SATURDAY - SUNDAY 12-4PM
NEW PRICES!! $324,900
PAGE 9
785 ST CLAIR LEASE $14.95/MTH + $13.50/MTH
Comm building for lease. Approx 5,000 sq ft on each floor, total 10,000 sq ft. Call Steve 519-3559774 or Brian Peifer 519-436-2669.
19691 FOUR ROD RD DEALTOWN • $54,900 Ideal 1/3 ac building lot in a quiet area. Call Steve 519-355-9774.
Sales Representative *