The statistics for real estate in Windsor and Essex County for the fourth quarter of 2017 (October 1st - December 31st) are now available, and they show that the market is steady compared to the previous year, with many of the numbers staying close to the levels from the same time period in 2016. When compared to the same time period last year, the final quarter of 2017 saw a small increase in the number of homes sold as well as the number of homes listed, with both increasing 1% over 2016.
One of the most noticeable increases compared to the previous year came in the average sale price of a home, which went up 14.7% over the fourth quarter of 2016. This, combined with an average homeowner equity gain of $38,844, shows that the market for real estate in Windsor and Essex County continues to be a strong one for sellers, with buyers paying considerably more on average compared to the previous year. This increase in the average sale price shows that high demand and multiple offers are still a consideration for many home sales in this area.
The average price for the homes for sale in Windsor-Essex stood at $264,906 for the fourth quarter of 2017, and the majority of homes sold (59%) were sold for under that mark. Bungalows and ranches continued to be the most popular style of homes in the Windsor-Essex region, with an average sale price of $226,770. This was followed by two storey homes, which saw an average price of $378,902. Apartments and condominiums saw a significant increase in their sale price compared to 2016, with an average sale price of $208,148 compared to $171,403 the year before.
No matter if you’re interested in buying or selling a home in Windsor-Essex County, the professionals at Royal LePage Binder Real estate can help you discover what these market conditions mean for you and how they could impact your next real estate transaction. Our team of real estate agents can take you step-by-step through the entire real estate process, making buying or selling your home easier and ensuring that you have the right information and advice so you can make an informed decision. If you’re looking to sell a home, our agents can give you the right information about improvements to make, will price your home properly, and will market your home to give it maximum exposure and attract the most potential buyers. If you’re looking to buy a house, the members of our sales team can help you discover all of the options that match the needs of you and your family, including price, location, features, and more, and will work on your behalf to get you the best price.
To learn more about how the team at Royal LePage Binder Real Estate can help you make the most of your next real estate transaction, contact us today. With seven locations, over a hundred agents, and a long track record of success for our clients, we have the resources to ensure that your next home buying or selling experience is the best that it can be.
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