Q4 2020 Real Estate Statistics for Windsor and Essex County In the fourth quarter of 2020 (October through December), we can see the demand for houses across Windsor-Essex County continued to rise as sales and prices continued to climb, while the number of listings dipped slightly from the previous year. Real Estate Sales and Prices Increased in Q4 2020 The number of homes sold in Windsor-Essex County was up in Q4 2020 over the same period in 2019, increasing by 2.4% compared to the previous year. Prices were up significantly, with the average sales price growing by 22.4% and sitting at $410,840. The percentage of listings sold was also up from the previous year with 77% of all home listings selling compared to 70% in the same period in 2019. The number of listings was down 7% from last year as the smaller inventory of homes and strong demand contributed to the increase in housing prices. Apartments and Condos for Sale Continued to Attract Buyers As interest in the available houses has increased, so too has the interest in apartments and condos…
Q3 2020 Real Estate Statistics for Windsor-Essex 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…
Q2 2020 Real Estate Statistics for Windsor-Essex The second quarter of 2020 (April through June) is now complete, and as we look back the numbers for this period we can see the effect that the COVID-19 situation has had on the Windsor-Essex real estate market. Overall, we can see that while the number of sales and listings are down, prices remain strong and there continues to be interest in the homes for sale in our region. Home Listings and Sales Both Down The number of home sales in Windsor-Essex for the second quarter was down 32% compared to the same period last year. There were 1,334 homes sold in Q2 this year compared to 1,976. The number of listings also decreased by 33%, down from 2,949 in the second quarter of 2019 to 1,984 this past quarter. With the uncertainty that has come with the COVID-19 pandemic, we can see that fewer sellers are listing their homes, and fewer buyers are moving ahead in the current market. Home Prices Remain Strong Although the total sales and listings are down, we can see that there is still demand…
Q1 2020 Windsor-Essex Real Estate Statistics With the 2020 market for real estate in Windsor and Essex County underway, let’s look back at the first quarter of the year and see how it compares with the activity for the same time in 2019. For the period of January through March 2020, we can see that, while the number of sales has seen a small decrease, the number of listings and average sale price are both up. Home Sales, Listings and Average Sale Price Remain Strong The total number of sales is down 5% compared with the same quarter last year, while the number of listings taken is up 5%, showing that these numbers are consistent with what we saw the previous year. The average sales price is where we can really see what a strong seller’s market this remains, as this price has gone up 14% compared to Q1 2019. On average, a home sold for $374,651 in Q1 2020, up from $320,573 a year ago. This shows that there is high interest from buyers still, and sellers are benefiting from the increased prices. Homes under the average price…
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