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.
Whether you're interested in buying or selling a home anywhere in Windsor-Essex County, we can help you discover what these market conditions mean for you and how they could impact your next real estate transaction. We 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 in order to make an informed decision. If you're looking to sell a home, our team can provide you with the right information about improvements to make, guide you on pricing your home properly with a free home evaluation, and will market your home to give it a high level of exposure and attract potential buyers. If you're looking to buy a home, we will help you discover all of the options that match the needs of you and your family, incluidng price, location, features, and more, and will work on your behalf to get you the best price.
To learn more about how we can help you make the most of your next real estate transaction, contact us today, or call Mike at (519) 980-2897, or Amy at (519) 980-2898. We would love the opportunity to put our extensive experience and knowledge of real estate in Windsor-Essex to work for you.