There is more confirmation that the real estate market in Windsor-Essex is red hot.
Royal LePage agent Shan Hasan listed a house in Forest Glade earlier this month for $159,000.
Nine offers were received for the home at 9430 Tamarack St. and it sold four days later for $200,000 cash, more than $40,000 over the asking price.
Hasan says "my intention was to put it into multiples, but did I expect these results? Honestly not to this extent, but it clearly dictates, it tells you exactly what's happening to the market right now."
Photo courtesy of Facebook
"The house does need some improvements," says Hasan. "It does need to be updated head to toe but some people are looking long term, people looking to buy that are willing to spend that kind of money on a house. It's not investment, they're looking at buying now, fixing, living in it for 10 years or forever and that kind of money makes sense when you're looking at the long picture right."
Hasan says 2016 was his best year so far and he expects even better things in 2017.