With the third quarter of 2019 (July 1st through September 30th) having come to a close, let’s take a look back at where the market for real estate in Windsor and Essex County stands as we enter the final quarter of the year and look ahead to 2020. When we look at the numbers across the board for the third quarter of 2019, we can see that it continues to be a strong seller’s market for Windsor and Essex County real estate.
Total sales of homes in the Windsor-Essex region in the third quarter of 2019 were very close to the same quarter in 2018, with only a 2% decrease in the number of homes sold. The number of listings was up 8% compared to last year, showing that more sellers are looking to take advantage of the increased demand for housing in our region.
The average sale price of a home in Essex County was also up 8% compared to the same time last year, going from $306,913 in Q3 2018 to $336,294 in Q3 2019. While the percentage of listings that sold were down from 72% to 63%, the increase in the average sale price shows that this continues to be a strong market for sellers. Of note, apartments and condominiums held steady on their average sale price, going from $212,433 last year to $213,433 this year.
Bungalows were once again the most popular style of home, followed by 2 storey houses, ranches, raised ranches and 1.5 storey homes.
As we move through the final quarter of 2019 and into the new year, if you’re ready to start looking at buying or selling your home, contact Royal LePage Binder Real Estate today. Our team is ready to help you find out what these market conditions mean for your real estate goals, and can guide you through the entire process of selling or buying a home in our area. There are Royal LePage Binder agents that specialize in each of the areas across Windsor and Essex County, and we have convenient office locations across the region. To find out more or to get started, contact us today.