The second quarter of 2019 (April 1st through June 30th) is behind us, and now is a great time to see where the Windsor-Essex Real Eestate Market stands. When compared to the same Quarter of 2018, we can see that this continues to be a strong Seller’s market and that there is great demand from Buyers for homes in Windsor-Essex County.
The number of homes sold in the Windsor-Essex region saw a 1% decrease when compared to Q2 2018. The number of listings was noticeably higher for Q2 2019, as there was a 10% increase in homes listed compared to the same period last year. At the same time, the percentage of listings that sold during this quarter was down 8% versus the previous year, going from 73% to 65%.
The average sale price also showed an increase of 11% over last year and stood at $342,884 this quarter. With 61% of homes sold selling for under the average sale price, Buyers appear to be seeking out more affordable homes in the busy Windsor-Essex real estate market.
Bungalows continued to be the most popular style of house for homebuyers in Windsor-Essex, with 2 storeys, ranches, 1.5 storeys and raised ranches rounding out the most popular types of home. Apartments and condominiums continued to see a noticeable increase in their average sale price, showing that they continue to be a popular option for Buyers as well.
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 will impact your next real estate transaction. We can take you step-by-step through the entire transaction 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, we 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, including price, location, features, and more, and will work on your behalf to get you the best price.
To learn more about how Armstrong - Bentley & Associates can help you make the most of your next real estate transaction, contact us today, or call us at (519) 996-6000. We would love the opportunity to put our extensive experience and knowledge of real estate in Windsor-Essex to work for you.
Video Courtesy of - Royal LePage Binder Real Estate