Wind Turbines Blow Down Resale Value of Windsor Homes

Posted in Buyer Blog | 12/03/2012

Windsor Homes Wind Turbines

Windsor Homes – Turbines

In a article written by Heather Wright of Grand Bend Ontario, If you can see a wind turbine from your window, chances are your house is going to sell for a lot less money than you want.  After reading this blog, you’ll quickly realize that this may apply to all Windsor Homes as well as all surrounding areas.

That’s the message Doug Pedlar, a real estate broker with ReMax in Grand Bend, brought to about 300 people in the village recently. Pedler talked with a number of real estate professionals across the province about the impact of industrial wind turbines on home sales and found studies about the subject from around the world. He says in general, the value of a home within view of the rotating blades takes longer to sell and could sell for 30 percent less than market value.

Pedlar says in one case in Simcoe, a real estate agent was trying to sell a 25 acre vacant hobby farm with a wind turbine behind it. He listed the lakeview property for about $149,000, expecting to sell it for about $135,000. Six months later he finally got an offer of $65,000. All seven of the potential buyers asked the agent about the wind turbine.

In Kincardine, Pedlar says, four homeowners experiencing health affects near Suncor’s Ripley wind project sold their homes to the company. The company has only been able to sell one of those properties.

And then there was the older couple looking at a property in Zurich who went out the back door of the house to see if they could see the wind turbine. “They said, ‘If we can see the turbine, we’re not buying it.’ I hate to tell them, but soon they’ll be able to see lots (of turbines),” says Pedlar.

The broker says the problem is the same around the world. A study in Wisconsin showed homes in the wind turbine area “sold for less and less homes were sold with between a 20 and 70 percent reduction in land value.”

And he says a study in a popular tourist area in England, similar to Grand Bend, showed tourist don’t like the massive machines either. “Less than 50 percent said they would come if there were wind turbines,” says Pedlar.

“Are wind farms going to affect our area? Absolutely.”

9 Responses to Wind Turbines Blow Down Resale Value of Windsor Homes

  1. Mike Barnard says:

    Four major studies in two large countries with lots of wind energy assessing about 41,000 real estate transactions have found that there are no long term negative impacts on real estate values due to wind turbines.

    The reality is that there are some short-term, fear-based dips that are made worse by anti-wind advocates claiming that wind turbines hurt property values. After the wind farms are up, property values close to them accelerate past the values of properties elsewhere.

    • sasha says:

      Thanks for your comment Mike. I’m sure you’ll give a lot of folks who live near wind turbines a sigh of relief. Unfortunately I have to agree with Heather’s article as well as Doug Pedler of REMAX Grand Bend’s comments.

      First off, my belief does not stem from any survey or study but simply from driving around with home buyers out in the county and seeing their reluctance to live anywhere near them. Furthermore, they are awfully noisy when you get close to them.

      Finally, I love looking at wind turbines and am amazed at their sheer size but I too don’t think I’d like to live near one.

      • Mike Barnard says:

        Bluntly, Sasha, you have a vested interested in turn-over, not your clients. You profit from this particular hysteria coming and going. I’ve observed real estate sites promoting crap on this long enough to spot the pattern.

        The studies are rock solid; short term fear (partially promoted by people like you) dips, long term larger gains.

        • sasha says:

          … Easy Mike, there’s no need to be so accusatory. I never once claimed to be an authority on wind turbines. I merely expressed what I’ve observed clients saying.

          But since you are being blunt about things…

          I find it odd that if I Google “Mike Bernard Wind Turbines”, you’re all over the Internet as a very strong advocate and are being touted as the “authority on wind farm developments”.

          Hmm… Are wind turbines a hobby of yours? And if so, are you a member of some kind of a “wind turbine club”… where you have weekly meetings on how great they are. You seem to be overly zealous and passionate about these turbines which only leads me to 1 of 2 conclusions…

          First off, ironically you are the one who is “full of crap” AND seem to have a monetary “vested interest” in the “wind turbine development business”. And if sadly this isn’t the case, you have way too much time on your hand and should seriously consider spending more of your leisure time on something a bit more exciting

          … like watching grass grow. Signing off, -sash

          • Mike Barnard says:

            Hey Sasha . . .

            If you aren’t mindfully promoting inaccurate information about wind farm’s effect on property values, feel free to educate yourself and read the following.

            quora.com/Wind-Power/Do-wind-turbines-reduce-the-value-of-nearby-properties/answer/Mike-Barnard

            As for the Mike Barnard who promotes himself as an authority on wind energy, you’ll find that’s a different Mike Barnard, a UK anti-wind lobbyist.

  2. sasha says:

    …What is the likelihood of having 2 Mike Bernard “wind lobbyists” so infatuated by wind farms?

    I’ve said all I need to say abut this topic.

    Also, I have removed the “www.” from Mikes link because I am NOT allowing away links from and comments (to mitigate link building strategies others try to game). If anyone is interested in reading the artice Mike was kind enough to share with us simply copy and paste his link into your browser and just type “www.” in front of it. -sash

    • Mike Barnard says:

      I know, it’s a weird coincidence having two Mike Barnard’s, one Canadian albeit running around internationally, and one British, on opposite sides of the wind energy coin.

      I’m not sure what your thinking is regarding killing the link, but thanks for making it possible for readers to follow it.

      I assume you read through the material and realized that property value impacts were short-term at best and due to fear of what was coming, not the reality of what was present?

      As for my focus, this is my volunteer give back. My job does not permit normal community service, and as I know much more about the realities of pros and cons about wind farms than the average person and have reasonable communication skills, I’m pouring my volunteer hours into debunking anti-wind myths instead of food drives.

  3. Dan Wrightman says:

    How can Mike Barnard benefit from wind energy transmission hookups?

    His comment on Tyler Hamilton’s Clean Break blog (link below without the www.) gives a hint. Prohibitively expensive new transmission line upgrades called the “smart grid” are needed just so our system can accomadate intemittant and unreliable wind energy. Guess what Mike Banard”s field of expertise is?

    LINK:

    cleanbreak.ca/2012/03/22/my-quick-review-of-ontarios-much-anticipated-fit-review/

    … type in www. before the link above

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