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Windsor's Hot Real Estate Market
Dated: March 2 2021
'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.'
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....