The numbers are in for the third quarter of 2018 (July 1st to September 30th, 2018) for real estate in Windsor and Essex County, and they show that the market for homes in Windsor-Essex continues to be very strong. When we look at the figures for this quarter compared to the same time period in 2017, we see that that while the number of homes sold and listings have decreased, the average sale price has increased significantly.
The number of residential listings is down 5% compared to the third quarter of last year, while the number of homes sold is down 3%. The lower number of sales can be attributed to the smaller available inventory of homes for sale in Windsor and Essex County rather than a lack of demand. The great demand for real estate in this region can be seen in the 16% increase in the average sales price of a home, which now sits at $306,269.00 compared to $255,947 in 2017. Homes continue to attract multiple offers thanks to high demand and fewer listings, allowing sellers to reap the benefits of this hot market.
Bungalows and ranches remain the most popular type of home for the area and had an average price of $245,991. Two storey homes were the next most popular type of property in the area and had an average sale price of $408,438. Also of interest is the increased demand of apartments and condominiums, which saw an increase in their average sales price of $59,095 compared to the previous year.
No matter if you’re interested in selling your home or buying one of the houses for sale in Windsor and Essex County, I can help you find out what these numbers mean for your real estate goals and guide you in your next real estate transaction. If you are ready to look into selling your home, let me help you make the most of your property with professional marketing services and expert advice on preparing your home for sale. If you are looking to buy one of the homes for sale in Windsor-Essex, I can help you find the properties that match your needs. Let me know what areas you’re interested in, the features that matter to you and the price range you’re looking to buy in, and let me find the homes for sale that match what you’re looking for.
To learn more about how I can help you buy or sell your home in this competitive marketplace, and about what the current market conditions mean for you and what you want to accomplish in real estate, contact me today or call me 519-564-9738 to get started.
Courtesy of: Royal LePage Binder