Q3 2020 Real Estate Statistics for Windsor-Essex

Posted May 27, 2022

For the third quarter of 2020 (July through September), we can see that the market for real estate remains strong in Windsor and Essex County, and the number of listings and sales have rebounded after being down significantly during the second quarter of the year.

Sales and Listings Rebounded in Q3 2020

The number of home sales for Windsor-Essex in Q3 2020 are up 18% over last year, and 77% of listings sold compared to 64% during the same period in 2019. This shows that there continues to be a strong demand for the available properties in the area, despite the challenges that many people have been facing throughout 2020.

 The number of listings was very close to the same period last year, showing just a 2% decrease compared to Q3 2019.

Home Prices Continue to Rise

The average sale price of a home in Windsor and Essex County continues to climb, and was up 28% in Q3 2020 compared to the same quarter last year. The average price now sits at $430,320, resulting in a home equity gain of over $93,000. Properties under the average sale price continue to account for the majority of sales in the area.

Most Popular Styles of Homes

Bungalows and ranches continue to be the most popular styles of home in Windsor-Essex County, followed by 2 storey homes, raised ranches, and 1 ½ storey homes. Apartments and condominiums continue to draw a lot of interest in the area, seeing an increase of almost $50,000 in their average price compared to Q3 2019.

Learn How Royal LePage Binder Can Help You Buy or Sell Your Next Home

The real estate market in Windsor and Essex County continues to be hot, so if you’re thinking about buying or selling a home, let one of our agents guide you through that process. We have offices across Essex County and agents who specialize in the areas you’re interested in, and we can help you buy or sell safely even as special requirements for open houses and in-person showings remain in place.

To learn more or to get started, contact Royal LePage Binder Real Estate today!

 

 

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