Windsor's Hot Real Estate Market

Dated: March 2 2021

Views: 262

Windsor Star - Wikipedia 

'A surge in real estates prices that extended down the Highway 401 corridor created a 35-per cent jump in the average price of a home in the Windsor area this January compared to January 2020.

The average local sales price for the month was $510,716 compared to $379,813 just 12 months earlier and $206,383 higher than in January 2019.

“The underlying facet of this is really the fundamental of supply,” said Windsor-Essex County Association of Realtors president Damon Winney.

“In January 2020 there were more new listings than this January. We’ve all heard the stories of 10 to 20 bidders for a property.

“With fewer new listings, we’re moving through our inventory of homes quickly. We only have 319 active listings on the board right now.,” said Winney, who is also co-owner of Jump Realty.

Local homes are taking only eight or nine days on average to sell, he said.

The London/St. Thomas Association of Realtors reported the average price rose 40.5 per cent in the region, to sit at $607,431. Chatham-Kent’s average price rose 42.4 per cent to push the average home to $350,452 for January.'

Read The Full Article Here!

Blog author image

Kathleen Sturba

As a real estate agent since 2007 and as a broker since 2018, Kathleen Sturba has distinguished herself for her great dedication and strong passion for ensuring her clients have the best experience po....

Latest Blog Posts

Financing

HELPING YOU WITH YOUR HOME PURCHASEFINANCINGOrganizing your finances is the critical first step in your home purchase.✔ Consider the one-time costs associated with a home purchase, including a

Read More

Windsor's Hot Real Estate Market

 'A surge in real estates prices that extended down the Highway 401 corridor created a 35-per cent jump in the average price of a home in the Windsor area this January compared to January 2020

Read More

1280 Monmouth

1280 MonmouthHere is your opportunity to move into this trendy neighbourhood and own a piece of history in Olde Walkerville. This is one of the few homes in the area with a garage! All of the big

Read More