Use of repeat sales to infer changes in house prices since the early- to mid-1980s in two older-urban neighbourhoods in Windsor, Ontario

Authors: Alan Phipps*, University of Windsor
Topics: Spatial Analysis & Modeling, Urban Geography, Quantitative Methods
Keywords: House prices, repeat sales, older-urban neighbourhoods, neighbourhood change
Session Type: Paper
Day: 4/6/2019
Start / End Time: 8:00 AM / 9:40 AM
Room: 8217, Park Tower Suites, Marriott, Lobby Level
Presentation File: No File Uploaded

Change in the price of a home may be both a cause and effect of social, economic and environmental change in its neighbourhood. Changes in prices and their causes may more precisely be inferred from the same resold homes after controlling for the attributes of their dwelling unit and neighbourhood. This study therefore focuses on 346 (60%) of 583 sold houses in the Glengarry neighbourhood in Windsor, Ontario, that were sold more than once between 1981 and mid-2017, and a corresponding 414 (56%) of 737 sold houses in the city's Wellington-Crawford neighbourhood between 1986 and mid-2017. After comparing types of resold homes with once-sold ones, repeat sale prices are used to infer three periods of change in these two older-urban neighbourhoods that are summarized as: an increase in prices during the 1980s, followed by a decrease and then stagnation until an increase during the last five years. The conclusion is about the use of repeat sale prices for inferring the direction and timing of social and economic change in an older-urban neighbourhood.

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