Real Estate News
Royal LePage Binder Q3 2017 Windsor-Essex Real Estate Statistics The numbers are in for the third quarter (July-September) of 2017 in Windsor-Essex real estate, and they show that this region continues to see growth in the housing market. When compared to the same quarter of 2016, there is a noticeable increase in the average sale price as well as home equity gain, and a small increase in the number of homes sold, number of listings, and percentage of listings that were sold. All of this indicates that the market for real estate in Windsor-Essex is still very favorable to sellers. We can see that Windsor-Essex County remains a seller’s market through a 14% increase in the average sales price compared to the same time last year, with homes selling for an average price of $264,012 compared to $226,980 in Q3 2016. This helps to demonstrate that many homes are still receiving multiple offers, and there is still high demand for the homes for sale in Windsor and Essex County. Among the home sales in Windsor-Essex, 59% fell below this average sales price,…
Q2 2017 Windsor-Essex County Real Estate Market Statistics The market statistics for residential real estate in Windsor and Essex County are now in for the second quarter of 2017 (April 1st to June 30th), and they continue to show significant growth in a number of categories throughout the region. When compared to the same time period last year, we can see a substantial increase in the average sale price, percentage of listings sold, number of homes sold, and home equity gain, all of which is indicative of a strong seller’s market. The strong market for sellers for Windsor-Essex real estate can seen through an 8.4% increase in the number of home sales compared to the same quarter in 2016. The average sale price of a home in the Windsor-Essex region has increased to $267,715, up 19.1% over the previous year, giving homeowners an average equity gain of $43,564. New listings were down slightly compared to 2016, with 6,418 new listings representing a 1.1% decrease from the same time last year. These numbers show that there is a continuing demand…
Q1 2017 Windsor-Essex County Real Estate Market Statistics Windsor-Essex housing market statistics for the first quarter of 2017 (January 1st to March 31st) are now available, and once again they show another period of significant growth in the Windsor-Essex real estate market. When compared to the same quarter in 2016, we can see an increase in the sales price, percentage of listings sold, number of sales, and more, all indicating a strong seller’s market. Windsor-Essex real estate continues to offer a strong market for sellers, as shown by the fact that we have seen an increase of 13% in residential home sales compared to the same quarter last year. The average sale price of a home in Windsor is now up to $246,775 compared to $211,211 for the first quarter of 2016, an increase of 14.4%, giving homeowners an average equity gain of $35,564. More and more people are selling their homes as well, with an increase in residential property listings of 3.35%. Among the listings taken, 77% of them have sold, compared to 70% for the same period last…
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Q4 2016 Windsor-Essex County Real Estate Market Statistics Sales statistics for the Windsor-Essex region for the fourth quarter of 2016 (October 1st to December 31st) are now in, and they show that this was yet another strong period of growth in this region and that we are seeing even more of a sellers' market when compared to the previous year. Sellers continue to do very well in the Windsor-Essex real estate market, as shown by the increase in residential sales of 10% when compared to the same time period in 2015, and an increase in the average sale price of 12.47%, translating into an average home equity gain for sellers of just over $25,000. More people are putting their homes up for sale as well, with a rise in residential listings of 2% over the same time in the previous year. We've also seen 73% of listings selling, which is up from 67% for the fourth quarter of 2015. This means that the demand for houses for sale in Windsor and Essex County is growing, and this provides even more opportunities for sellers. While increased sale…
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