The stats for the Windsor Essex County real estate market are in for the end of Quarter 3 2016 (July 1st - September 30th, 2016), and the numbers continue to show us growth in the Windsor-Essex Real Estate.
Like with the previous quarter, the numbers for the third quarter indicate that we are moving deeper into a seller’s market, with residential sales up 12.6% compared to this time last year, a 12.5% increase in the average sales price for the houses for sale in Windsor-Essex, and an average home equity gain of over $25,000. All of this indicates that buyers are paying more, and sellers of real estate in Windsor and Essex County are benefitting from the current market as a result.
The numbers also show us that bungalows/ranches were the most popular style of homes for sale in Essex County, followed by two storey homes. Apartments and condos for sale in Windsor-Essex also saw an average sale price increase as compared to this time last year as well.
Finally, even though Windsor-Essex is seeing a seller’s market judging by these figures, housing prices in the area are still more than $100,000 under the national housing average. This means that that residential properties in Windsor-Essex are still affordable compared to much of the rest of the country. The majority of the homes sold during the third quarter of this year were priced below the average sale price for the area, so there are still great values available for buyers looking at homes for sale in Windsor and Essex County.
At Royal LePage Binder Real Estate, we stay on top of the current Windsor-Essex Real Estate market, and understand the trends and conditions that are driving prices and home availability in the area. We can help you learn more about the houses for sale in Windsor-Essex, and get you all of the information you need to make the right decision about your next home and everything that comes with it. To learn more about real estate in the Windsor area, and how we can help you move towards finding your dream home, contact Royal LePage Binder today!
*Please note that the statistics presented in this article and in the video are taken from MLS statistics compiled by WECAR and Royal LePage Binder Real Estate is not responsible for the accuracy of the information.