October 2008 Archives

Thank god! Lowe's has formally filed an appeal with the OMB (Ontario Municipal Board). We got lucky here, they could have just as easily given up and walked away.

Now, let's see council do the right thing and reverse their earlier decision (voted down 7 to 6). I predict a severe backlash if they decide to fight this, spending tax payers money in the process.

Here's the link to the Kingston This Week story:

http://www.kingstonthisweek.com/ArticleDisplay.aspx?e=1252452

I am not a big fan of publishing real estate statistics, especially here in Kingston as our board covers such a large and diverse area with a wide selection of housing. You have to be careful determining the "Average Residential Price".

"The jurisdictional area of the Kingston & Area Real Estate Association includes the County of Frontenac (Kingston, North Frontenac Township, Central Frontenac Township, South Frontenac Township & Frontenac Islands Township), the County of Lennox and Addington (Greater Napanee, Stone Mills Township, Addington Highlands Township and Loyalist Township), the County of Leeds and all incorporated villages, towns and cities within the same geographic area."

This is large area! Depending on location, we can have a difference of a $100,000 or more for the same house. This is a huge percentage of the "Average Residential Price" which was $230,473 in September.

Non the less, they do tell a story about the overall Market, and it seems a Real Estate Blog should have them.

The September highlights are: (August in Brackets)

• September $ Sales: $76,578,476 ($76,719,7340)
• September Residential Transactions: 308 (316)
  
• Average residential price: $230,473 ($231,365)
• New Residential Listings: 577 (515)
  
• Active Residential Listings: 1675 (1810)
  

Here is the link for the September summary.

http://creastats.crea.ca/king/