THE CHATHAM VOICE
THURSDAY, MAY 16, 2019
PAGE 9
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THURSDAY, MAY 16, 2019
Housing prices hit all-time high
By Bruce Corcoran bruce@chathamvoice.com
Home sales were down in April, but prices continued to climb, to the point the average sale price of a home in Chatham-Kent last month set a new alltime high. A total of 113 homes sold in Chatham-Kent in April, which is down 6.6 per cent from April of last year, and just two sales off the 10-year average for the month. Meanwhile, the average price for a home sold in April was almost $260,000. Steve Carroll, president of the Chatham-Kent Association of Realtors, said
a continued lack of inventory, coupled with high buyer interest, is driving up prices. So far this year, local realtors have sold 352 residential units. That’s down six sales from the same period a year ago. But the problem with the local market is inventory, or lack of it. There are fewer homes to sell these days. There were 186 new residential listings in April 2019. This was an increase of 13.4 per cent on a yearover-year basis but was still a below-average result for the month. A dearth of rental units is impacting inventory lev-
els as well. Carroll said the vacancy rate in the area is close to zero. “People have no place to go so they hesitate to put their home on the market,” he said. “The result is 240 listings as opposed to the 600 we traditionally have at this time of the year.” With the lower inventory, quick sales and multiple bid situations, Carroll said real estate agents helping folks purchase a home can get as frustrated as the buyer. “We go through the same situation they go through. You lose out on the bid and go through the whole process again. But there’s
9500 Riverview Line $799,000
32 Lynnwood Drive $499,000
13548 Selton Line $349,900
A rare find with this stunning 2500 sq ft custom-built ranch located on an 8.2 acre parcel just minutes from Chatham. 6 acres workable land, 2 outbuildings rented out (7 units), municipal water. Call to view this great package.
Captivating 4-level home with attached double car garage in sought after Lynnwood subdivision. This home is located on over 1/2 acre lot and has extensive improvements throughout. Call or text to view!
D L O S
Country home on paved road. Quality updates. 3+1 beds, 2 baths. Call Sheila to view.
5509 Stewart Line, Wallaceburg $384,900
9543 Brook Line $449,900
140 Park Ave. E. #104 $74,900
Invest here. 1 bedroom condo on main floor. Call Sheila to view!
13172 Longwoods Rd. $349,900
Beautiful 6 acre property (4.5 workable) on the river featuring a 2+1 bedroom home that has been extensively renovated on the inside. You have to view to appreciate all it has to offer. Call Tricia today!
Peaceful country living located just minutes from both Wallaceburg and all that the Snye and St. Clair rivers have to offer. Call Tricia to arrange your personal viewing.
Have you been looking for your very own country home and hobby farm just minutes outside of Chatham? Well look no further than this L-shaped, 5 acre property with brick rancher. Call Tricia to view!
9 Degge St., Chatham 41 Jospeh St., Chatham $285,000 Investment Property!
Excellent commercial property zoned UC-HC1 with great visibility. Very clean! Loft storage, one washroom, locked compound area. .24 of an acre lot with ample parking spaces. 2300 sq feet with concrete floor and metal roof!
Continued on page 12
Contributed image
The housing market remains red hot in Chatham-Kent.
••• FIRST TIME OFFERED •••
Open House Sun. May 19 1-3pm
52 Grand Ave., Wallaceburg • $514,900
Don’t miss this executive 2 storey brick home with 3 large bedrooms, large living room with gas fireplace, formal dining room, rec room with fireplace. Master bedroom with jacuzzi tub. 3 piece main bath and 2 piece bath. Huge yard, inground pool, water front with breakwall and boat lift for up to approximate 35’ boat. Home has had loving care from the owner for approximately 60 years. Home has newer roof, windows and many updates. This home is on a dead end street. Truly a family home. Too many features to list. Please book your private showing now, you won’t be disappointed.
Fantastic residential duplex for $169,900. Lower unit rented for last 8 years, long term tenant. New water heaters, furnace and central air.
Bill Myers
Sheila Young
Ryan Rusnak
Tricia Weese
Broker of Record 519-365-2094 Sales Representative 519-351-8690
really nothing we can do about that. It’s the market,” he said. The average price of homes sold in April 2019 was a record $259,683, jumping 18.7 per cent from April 2018. The more comprehensive year-to-date average price was $245,186, an increase of nearly 27 per cent from the first four months of 2018. Carroll said even putting a price tag on a home is difficult in this ever-increasing market. “You used to go back a couple of years and pull comparables (on prices of homes sold nearby).”
Broker 519-436-7485
551 Queen St., Chatham • 519-352-9400
www.advancedrealty.ca
Sales Representative 519-365-7435
Peifer Realty Inc. BROKERAGE INDEPENDENTLY OWNED AND OPERATED
Wayne Liddy, Sales Rep Cell 519-436-4810 email: wliddy@royallepage.ca
Serving the people of Chatham-Kent for over 30 years!
THE CHATHAM VOICE
PAGE 10
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THURSDAY, MAY 16, 2019
THE CHATHAM VOICE
THURSDAY, MAY 16, 2019
Serving Chatham-Kent Since 1968
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www.royallepagechathamkent.com Jackie Patterson* 519-436-9030
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open house
PAGE 11
Peifer Realty Inc.
BROKERAGE - INDEPENDENTLY OWNED AND OPERATED
Monday-Friday 9:00am-6:00pm Saturday 9:00am-1:00pm
Brian Peifer Broker of Record Cell 519-436-2669
Open Houses Tuesday - Friday 5pm - 7pm Saturday & Sunday 1pm-3pm 610 DAYLIGHT POINT PRICES STARTING @ $329,500 Amber Pinsonneault* Patrick Pinsonneault** 519-784-5310 519-360-0141
New Price Brand new builds in the prestigious Prestancia sub-division. Semi-ranch townhouse units. Call Carson 519-809-2856.
Deborah Rhodes* 519-401-5470
David Smith* 519-350-1615
Bev Shreve** 519-358-8805
Michael Smyth* 519-784-5470
10596 LAKEVIEW $449,900
3+1br, 2 bath brick ranch with recently developed lower level. Call Brian Peifer 519-436-2669.
Fully upgraded 3+2br, 3 bath Ewald built ranch including all appliances. Call Kristen 519-784-7653.
30 TANSER $599,900
Beautiful 3+2br, 3 full & 2 half bath 2 storey home perfect for the growing family. Call Eric 519-436-4865.
9143 WOODLAND $614,000 Exclusive Wilson’s Bush. 3br, 3 bath 2 storey home with i/g pool & main level master. Call Patrick 519-360-0141.
open house
SATURDAY, MAY 18 • 1-3PM 17 RENAISSANCE $429,000 Beautiful 1616 sq ft 3br 2 bath ranch. This new build is now ready for occupancy. Call Carson 519-809-2856
7627 RIVERVIEW LINE $825,000
Quality custom built home on a beautiful river lot. Call Brian Peifer 519-436-2669.
open house Brandice Smith* 226-626-4838
79 LEGACY $649,900
5084 TALBOT, MERLIN $688,888 3br, 2.5 bath 2100 sq ft ranch perched on the Talbot Trail, Lake Erie Bluff. Panoramic waterfront views. Call Brian K 519-365-6090.
open house
New Listing 6600 TALBOT TRAIL $649,900
New build! 3br, 3 bath custom lakefront rancher you’ve always dreamed of. Call Elliot 519-3588755 or Penny 519-360-0315.
564 INDIAN CREEK RD. W. $629,900 Custom built stunning, 3br, 4 bath 2 storey home in move-in condition. Call Gus 519-355-8668 or Heather 519-355-8666.
New Listing
D L SO
13119 LONGWOODS, THAMESVILLE $329,900
6 PHYLLIS $379,900
2 separate comm buildings, 1 with retail & office, the other for auto body building, repair & detailing. Call Brian Peifer 519-436-2669.
3br, 2 bath 3 level side split with updates and redecorated. Call Gus 519-355-8668 or Heather 519-355-8666.
New Listing
New Listing
HORIZON LANE STARTING @ $349,900
80 MORNING GLORY $589,000
16, 2br, 2 bath semi-detached bungalow homes & 2 detached homes under construction. Call Carson 519-809-2856.
New Listing
open house
4034 ST CLAIR PKWY., ST CLAIR • $669,333
Gorgeous 5br, 5 bath 3 storey home with beautiful views of the St Clair river. This is a one of a kind package. Call Deb R 519-401-5470.
New Listing
New Price
Patti Vermeersch* 519-355-6800
Cindy Weaver** 519-360-0628
Carson Warrener* 519-809-2856
Offer Pending 12 ST ANTHONY $319,900
Quality built 2+2br, 2 bath well maintained bi-level. Call David 519-350-1615.
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. Lisa Zimmer* 519-365-7325
Kelly-Anne Appleton* 519-365-7155
Steve Carroll* 519-355-9774
Broker**
SATURDAY, MAY 18 • 1-3PM 21628 ADAMS CR • $448,000 AGENT: DARREN HART All brick raised ranch with 3+2br’s, situated on a 1.34 acre lot with a private beach nearby and tennis courts and trails. Call Darren 226-627-8580.
D D L L SO SO
Elliot Wilton* 519-358-8755
Penny Wilton** 519-360-0315
SATURDAY, MAY 18 • 1-3PM 83 VALENCIA • $529,900 AGENT: DAVID SMITH Approximately 2273 sq ft + basement, 4+1 br, 4 bath 2 storey currently under construction. Call David 519-350-1615.
6782 GRANDE RIVER LN $529,000
Distinguished 4br, 2.5 bath 2 storey home on a half acre lot with a panoramic view of the river. Call Pat 519-360-0141.
25 ROSSINI $205,000
Mint 3br, 1.5 bath 2 storey semi-detached home backing onto green space & walking path. Call Steve 519-355-9774.
Offer Pending
Lease
116 PARKWOOD $348,000
60 LISGAR $168,500
75 THAMES $9/SQ FT
4br, 2.5 bath 2 storey home with lots of curb appeal on a deep lot. Call Darren 226-627-8580.
Great potential in this 2br, 1.5 storey home with spacious yard. Call Amber 519-784-5310.
Executive office(s) available on the upper floor with elevator access. Call Sylvia 519-355-8189.
18 CLEMATIS $529,900
Gorgeous 5+1br, 3 bath, 3500 sq ft 2 storey in Prestancia. Call Mike Gibbons 519-365-5634 or Brian Peifer 519-436-2669.
10889 RIVER LINE $1,500,000
One of the most amazing properties you will find in C-K! 3+4br, 5 bath, 4000+sq ft rancher on 1.4 acres. Call Steve 519-355-9774.
Michael Gibbons* 519-365-5634
Darren Hart* 226-627-8580
Catie Hawryluk* 519-809-4268
Brian Keenan* 519-365-6090
Gwen Liberty* 519-784-3646
Wayne Liddy* 519-436-4810
George McDougall* 519-360-7334
June McDougall* 519-358-5199
Sylvia Moffat** 519-355-8189
Ghassan (Gus) Najjar** 519-355-8668
Heather Najjar** 519-355-8666
Kristen Nead** 519-784-7653
Andrea Okopny* 519-359-2482
Chris Papple* 519-350-1402
28 WILLIAM, MERLIN $249,900
Ron Smith* 519-360-7729
SATURDAY, MAY 18 • 1-3PM 23622 WESTGATE WALK $459,000 AGENT: JUNE MCDOUGALL LOCATION! LOCATION! LOCATION! 3+1 br, 2.5 baths, 2 storey home with i/g sports pool. Call June 519-358-5199.
Ronald Franko** 519-355-8181
3br, 3 bath brick rancher, 3 gas f/p’s, full finished basement & attch’d double garage. Pristine condition. Call Bev 519-358-8805.
open house
THURSDAY, MAY 16 • 5-7PM 10 VILLA • $279,900 AGENT: DAVID SMITH Well appointed 2+1br, 2 bath bungalow with new stainless steel kitchen appliances. Call David 519-350-1615.
Eric Fitzgerald* 519-436-4865
169 CENTRE, RODNEY $799,900 2+3br, 3.5 bath executive custom built ranch on a 5 ac park like lot. Call Amber 519-784-5310.
New Listing 73 CECILE $329,900
3+1br, 2.5 bath 2 storey meticulously maintained with i/g pool. Call Eric 519-436-4865.
21815 COMMUNICATION, C-K • $595,000
Unique property & business opportunity. 9.57 ac agricultural property with antique business. Call Ron Franko 519-352-5235.
Offer Pending
Solidly built 3+2br, 2 bath 2 storey with both character & charm. Call David 519350-1615 or Andrea 519359-2482.
Offer Pending 3 CARTIER • $314,500 SELLER MOTIVATED!! 2br, 1.5 bath brick rancher with bright sunroom with patio doors leading to covered concrete patio. Call Brian P 519-436-2669 or Ron S 519-360-7729.
49 HOUSTON $184,900
Large, spacious 3br, 1.5 storey on a dead-end street. Call Jackie 519-436-9030.
52 GRAND, WALLACEBURG
1st time listed. 3br, 1.5 bath executive 2 storey brick home with many updates & i/g pool. Call Wayne 519-436-4810.
8575 MIDDLE LINE, CHARING CROSS • $229,900
5 plex in nice community having 3-1br units & 2-2br units. Great opportunity. Call Ron 519-360-7729 or Brandice 226-626-4838.
New Listing 89 LANSDOWNE $220,000
4br, 2 bath 2 storey with many updates on a large corner lot. Call Amber 519-784-5310.
5334 TALBOT TRAIL $209,900
Rare buildable 4.89ac lakefront building lot located on Lake Erie. Call Deb R. 519-401-5470.
7021 DUFFERIN, WALLACEBURG • $428,000 Lovingly cared for sprawling 3+1br, 2 bath rancher on a 1/2 ac lot. Call Patrick 519-360-0141.
215 ELIZABETH $424,900
This 2 storey home on 1/3 ac property has a WOW factor. The rear yard with i/g pool is magnificent. Call Steve 519-355-9774.
Sales Representative *
THE CHATHAM VOICE
PAGE 12
Housing market constantly shifting
home or the location are pretty positive cash flow “Now, you can’t go back not as important these situation.” five or six months and days as price point. In a lot of cases, they are compare. It’s changing “At $150,000 to $250,000, also downsizing. That can that fast,” he said. that’s where the biggest have them running right Carroll said the limited demand is. The most po- up against local first-time housing inventory has a tential buyers are shop- buyers. huge impact. More tra- ping in that range,” he “It is difficult for people ditional said. “This who have always lived i n v e n t o r y “People have no place results in a in Chatham who are levels at to go so they hesitate lot of multi- looking to buy their first this time of ple offers. home. They’re looking at to put their home on the year are “It’s good a price point that’s a lot closer to 600 the market. The refor sellers, higher than it was even a sult is 240 listings as units. h o w e v e r . year and a half ago,” Car“ T h i s opposed to the 600 we A n y t h i n g roll said. makes the traditionally have at nice is not Higher prices mean situation s t a y i n g higher mortgages for the even worse. this time of the year.” a r o u n d first-time buyers. So many - CKREA pres. Steve Carroll very long,” In terms of providing people are he said. advice to clients on what chasing so little,” he said. That can be a matter of price to place on a bid, WHERE DREAMS COME HOME “There’s not much to days, sometimes less. Carroll said it can be dif519-359-8588 choose from. There are Carroll said there is ficult. Phillips quite a few situations still a lot of out-of-town “If it’s Barb something Broker of Record Email: phillba@mnsi.net of multiple offers. It’s money coming into Cha- they’re looking for and sometimes frustrating for tham-Kent to purchase they’ve missed out on 18asWillcox St., Chatham buyers they constant74 Elizabeth homes. two or three homes and ly have to compete for “They’re coming Street from they realize the ones they homes.” Toronto and the Golden missed out on were sold Great family That can result in mul- Horseshoe. They havehome for over asking, it (makin lovely mature ing an offer above the tiple offers on one home, sold their home in that neighbourhood. with some being sold area for numbers that eat-in far listed price) is something Features above asking price. exceed ours,” kitchen, he said. formal they have to look at,” he Carroll said the style of “They come here said. “But we have to diningwith room,aliving
THURSDAY, MAY 16, 2019
homes
Continued from page 9
BARB PHILLIPS
Real Estate Brokerage
$174,900 room w/natural BARB PHILLIPS 4 bedrooms, lovely family home, open concept BARB PHILLIPS woodwork, 3 bedBARB PHILLIPS Real Estate Brokerage Real Estate Brokerage on main floor, master with ensuite, main floor Real Estate rooms, 1 bathroom, Real Estate Brokerage WHERE DREAMS COMEBrokerage HOME WHERE DREAMS COME HOME Open House WHERE DREAMS COMElevel HOMEfinished, main floor laundry. laundry, main floor office, lower WHERE DREAMS COME HOME 519-359-8588 1-3 519-359-8588 519-359-8588 Call Barb for details! Sat., July 8 from large lot, no backyard neighbours. Barb Phillips Barb Phillips
remind them to look at it from where they want to be and from the mortgage point of view.” Going above list price is one thing. Having the funds and the mortgage to support the move is another. Despite the tight conditions and dealing with
out-of-town money, Carroll said first-time buyers are still in the right market. “We’re still probably one of the most reasonable markets round,” he said. The lack of inventory and the high interest in what’s available in the hot zone between $150,000
BARB PHILLIPS,
Email: phillba@mnsi.net 519-359-8588 email: phillba@mnsi.net Email: phillba@mnsi.net Barb Phillips
Email: phillba@mnsi.net
Peifer Realty Brokerage Penny Wilton, Broker
Broker of Record
Broker of Record
Broker of Record
Willcox St., Chatham 18 Willcox St., Chatham 74 Elizabeth Elizabeth 18 Willcox St., Chatham 89 74 Farm Regency 74 ElizabethDr. Cres. 16 Southend Fairview Line I 18NEW have clients10167100-Acre NEW Street Street Street LISTING LISTING looking for Great family home Great family home Great family home NEW in lovely mature in lovely mature in lovely mature LISTING neighbourhood. single family neighbourhood. Features eat-in neighbourhood. Features eat-in kitchen, formal Features bungalows. kitchen,eat-in formal dining room, living kitchen, formal dining room, living room w/natural Contact dining living $174,900 4 bedrooms, lovely family home, open concept roomroom, w/natural woodwork, 3 bed$174,900 room w/natural 4 bedrooms, lovely family home, open concept on main floor, master with ensuite, main floor rooms, 1 bathroom, woodwork, 3 bedOpenhome, House open concept Barb Phillips 4 bedrooms, lovely family 3 bedwoodwork, main floor laundry. laundry, main floor office, lower level finished, NEW on main floor, master with ensuite, main floor rooms, 1 bathroom, Sat., July 8 from 1-3 Open House Callon Barb for details! large lot, no backyard neighbours. main floor, master withoffice, ensuite, main bathroom, main1floor laundry. laundry, main floor lower levelfloor finished, rooms, PRICE! House July 8 from 1-3 today. Barblaundry. for details! Sat.,Open no backyard neighbours. mainCallfloor laundry, main large floor lot, office, lower level finished,
and $250,000 likely won’t change overnight, Carroll said. In fact, he thinks it would take some kind of drastic occurrence to alter the current market conditions. “And we don’t see anything on the horizon that will negatively impact the market,” he said.
Independently Owned & Operated 42 Talbot St. W., Blenheim
519-676-5444
519-360-0315 • penny@pennywilton.com
Elliot Wilton, Sales Rep.
519-358-8755 • elliot@royallepage.ca FIND US ON
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$174,900
Call Reduced Barb for details! Sat., July 8 from 1-3 Absolute unique property on 1.8acres.large Custom build storey, 5+1 lot, no backyard 100-Acre Farm 89 Regency Dr. 2neighbours. I have clients By phone: 100-acre farm located 100-Acre 89 Regency Dr. bedrooms, Loads of hardwoods, 5 Farm $48,900 looking for custom kitchen w/appliances.I have clients 519-359-8588 with eat-inDr. kitchen, in Raleigh Township. single family full finished basement 100-Acre Farm 3 bedroom bungalow 89 Regency looking for and I w/theatre have clients bathrooms, room bar. Outdoor living room, full basement and fenced rear bungalows. By email: 2 bedroom mobile, open concept, living room, kitchen, single family Call Barb Phillips looking forforarea. Inground cabana, yard. Call now for your personal viewing. Contact 2.5 car garage w/music/entertainment bungalows. large shed. Wheelchair ramp. Present All Offers. phillba@mnsi.net single family all theCall details today! pool, 2 ponds, badminton court. Now! Barb Phillips $249,900 NEW Contact PRICE! bungalows. today. Barb Phillips
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This Week’s Open Houses
11499 Wildwood Line, Rondeau
131 Peel St., Shrewsbury
Sprawling brick rancher on Rondeau Bay. Huge great room overlooking bay, loads of upgrades & a beautifully manicured yard. $1,099,000.
Wonderful 4 BR, 2 bath home overlooking Rondeau Bay. Detached 1.5 car garage. Beautiful half acre lot in a special location. $398,000.
128 Elizabeth St., Blenheim
6600 Talbot Trail, Merlin
22913 Harwich Rd., C-K
2 BR country gem! Completely remodeled rancher on a paved road with outbuilding, all on a lovely1/2 acre lot! $299,900.
Reduced
$48,900
By email: 100-acre 2 bedroom mobile, open concept, living room, kitchen, Reduced By phone: Callfarm Barblocated Phillips for large shed. Wheelchair ramp. Present All Offers. $48,900 phillba@mnsi.netin Raleigh barbphillipsrealestatebrokerage.com all theTownship. details today! 519-359-8588 By email:Thursday,Call 2 bedroom mobile, open concept, living room, kitchen, May 16 Barb Phillips for barbphillipsrealestatebrokerage.com large shed. Wheelchair ramp. Present All Offers. phillba@mnsi.net all the details today! 5-7pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty 5-6pm . . . 10 Vila, $279,900 . . . . . . . . . . . . . .barbphillipsrealestatebrokerage.com David Smith, Royal LePage Peifer Realty Friday, May 17 5-7pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty Saturday, May 18 1-3pm . . . 17 Renaissance, $429,000 . . . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty 1-3pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty 1-3pm . . . 23622 Westgate Walk, $459,000 . . June McDougall, Royal LePage Peifer Realty 1-3pm . . . 83 Valencia, $529,900 . . . . . . . . . . David Smith, Royal LePage Peifer Realty 1-3pm . . . 21628 Adams Cr ., $448,000 . . . . . . Darren Hard, Royal LePage Peifer Reatly Sunday, May 19 1-3pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty 1-3pm . . . 52 Grand Ave ., Wallaceburg . . . . . . Wayne Liddy, Royal LePage Peifer Tuesday, May 21 5-7pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty Wednesday, May 22 5-7pm . . . 610 Daylight Point, $329,500 . . . . . Carson Warrener, Maple City Homes/Royal LePage Peifer Realty
26 Molengraaf Way, Chatham Cute 3 BR, 1 bath bungalow on dead end street. Good sized living room, dining nook and fenced back yard. Call Now! $164,000.
New, Custom Lakefront Rancher! 2+1 BR, 3 bath with beautiful open concept main floor. Call before it’s gone! $649,900.
Stunning 4BR, 2 bath oversized raised ranch. Custom kitchen, double garage, quality workmanship and premium finishes throughout. $529,900.
15473 Talbot Trail, Muirkirk 9175 Talbot Trail, Blenheim 115 Towanda Blvd, Erie Beach Country rancher on a 1.03 acre lot! Spacious 3+2 BR brick rancher.
One of a kind Lake Erie waterfront property! 2+1 BR, 2 bath home with 2 living spaces and 1.5 car attached garage. $698,500.
Home features large spaces, open concept layout & massive master! Very nice detached garage & more! Call now! $289,900.
Single attached garage and detached workshop. Nice size kitchen, beautiful sun room & partially finished basement.! $289,900.