Use of repeat house sales to measure changes since the early‐ or mid‐1980s in two inner‐city neighbourhoods in Windsor, Ontario

Abstract

Changes in the prices of homes and the reasons for those changes may be more accurately predicted from repeat sales of the same homes after controlling for their changed attributes and differences in time between their sales and resales. This paper analyzes 346 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 of 737 sold houses in the city's Wellington‐Crawford neighbourhood, sold more than once between 1986 and mid‐2017. After comparing types of resold homes with once‐sold ones, a repeat sales model predicts a first period of increasing annual percentage changes in resale prices compared to sale prices during the 1980s, followed by a second period of stagnation and possible decreases until 2011, and then increases during a third period after that. In addition, changes in resold homes’ attributes of the dwelling unit and neighbourhood are a second type of neighbourhood change in two inner‐city neighbourhoods during the past 30 or more years.