Kris Ramotar Podcast

Welcome to the Windsor Ontario and Essex County weekly market update! In this episode, we present the latest real estate statistics so far for November .
I'm Kris Ramotar, your local realtor, here to help families buy or sell homes and condos in the region. We've also assisted many families in relocating to Windsor Essex County.
To stay on top of local news/events and real estate related info please click on the link
https://solo.to/krisramotar

In this video Kris Ramotar, a realtor provides a summary of the Windsor Essex County real estate market for the month of October. He shares insights and statistics that can benefit homebuyers and sellers.
Kris Ramotar shares the information, on the market. Based upon his personal observance and data Kris believed it is a buyes market at the moment, Sellers are advised to have expectations and ensure their properties are well presented to attract buyers.
To stay updated on news, events and real estate related information click on the link
https://bit.ly/m/Kris-Ramotar-Real-Estate-Group
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Welcome to the Windsor Ontario and Essex County weekly market update! In this episode, we present the latest real estate statistics so far for October . I'm Kris Ramotar, your local realtor, here to help families buy or sell homes and condos in the region. We've also assisted many families in relocating to Windsor Essex County.
To stay on top of local news/events and real estate related info please click on the link
https://solo.to/krisramotar

Welcome to our real estate update podcast for Windsor Essex County! If you're thinking about buying or selling a home, you're in for a treat. I'm Kris Ramotar, your local realtor, and I've got the scoop on July 2023's real estate trends.

First up, let's talk listings. Last month, we saw a 20.35% drop with 1,049 homes listed on MLS, compared to 1,317 in July 2022. On the bright side, sales are up by 1.39%, with 438 homes sold in July 2023.

The numbers game continues with prices. The average sale price dipped by 1% to just over $554,000, while the median sale price rose by 2% to $510,000.

Graph time! Graph 1 shows home prices were on the rise until May, peaking at $602,000. But July saw a drop to $554,000. Graph 2 reveals a 20% decline in homes listed on MLS in July compared to June. Supply and demand might be affected.

The interest rate hike might be causing ripples. For buyers, some homes are not getting many showings, potentially offering opportunities. Sellers, be realistic about prices; lower-priced homes are more in demand. Offers with conditions are common, and a well-prepared, clean home can lead to multiple offers.

Remember, a reliable agent is key to navigating this market. For more insights, like and subscribe to our newsletter. Reach out with questions or comments - we're here to help you make the best real estate choices. Stay safe, and until next time

Video https://www.krisramotar.com/windsor-essex-county-market-update

🏡 Are you considering buying or selling a home or condo in Windsor Essex County? 🏡

Stay tuned! In this week's episode, I will be delving into the real estate statistics for the month of July in Windsor Essex County. Stick around till the end to discover the latest trends in the Windsor Essex County real estate market.

Greetings! I am Kris Ramotar, your local realtor, proudly serving Windsor Essex County. Over the years, my team and I have assisted numerous families in our community, including those relocating from other areas. Our mission is to provide you with the most up-to-date real estate market updates each week.

Let's dive into the numbers:

📈 For homes, we had a total of 761 listings on the MLS. During the same period, 282 homes found their happy owners, while 36 listings expired, and 243 were canceled. The average sale price reached a commendable $558,000, and the median sale price stood at almost $514,000. On average, it took just 20 days to sell a home in this vibrant market.

If you find value in our videos, we'd be thrilled if you hit that like button. Your support makes a tremendous difference for us!

🏢 As for condos, there were 73 listings on the MLS, with 31 condos successfully sold. Additionally, three listings expired, and 19 were canceled. The average sale price for condos settled at $380,000, while the median sale price slightly surpassed that, reaching $390,000. The average time it took to sell a condo was 23 days.

Now, let's delve into my personal observations and conversations with clients and colleagues to gain deeper insights into our current market.

🔍 Homebuyers, take note: Homes priced between $275,000 to $399,000 are still experiencing high demand, often leading to multiple offers, some exceeding 10 offers! We've even witnessed bully offers, where buyers make preemptive offers without financing or home inspection conditions. These properties are occasionally selling for over $50,000 above the asking price. While it's exciting for sellers, it can be a bit challenging for buyers, as my two clients, both first-time homebuyers, discovered this week. Despite our optimism, we lost out to stronger competing offers.

🏠 For homeowners looking to sell, the current market still favors you! The demand for homes is outpacing the supply, presenting a supply and demand issue. Homes are selling quickly, and if you're contemplating selling your property, now might be the perfect time to seize this opportunity.

Please don't hesitate to share your thoughts in the comments below. We value your feedback!

If you require any assistance or have questions, feel free to reach out to us. We'd love to have a conversation with you about your goals and how we can be of help.

Take care, stay safe, and have a fantastic day/week! See you soon! 👋

#WindsorEssexCounty #RealEstateMarket #HomeBuying #HomeSelling #CondoLiving #HousingTrends #LocalRealtor #MarketUpdate #KrisRamotar #StayInformed
Contact us at https://solo.to/krisramotar