Royal LePage Binder Real Estate- Fourth Quarter Housing Video 2020 In the fourth quarter of 2020 (October through December), we can see the demand for houses across Windsor-Essex County continued to rise as sales and prices continued to climb, while the number of listings dipped slightly from the previous year. The number of homes sold in Windsor-Essex County was up in Q4 2020 over the same period in 2019, increasing by 2.4% compared to the previous year. Prices were up significantly, with the average sales price growing by 22.4% and sitting at $410,840. The percentage of listings sold was also up from the previous year with 77% of all home listings selling compared to 70% in the same period in 2019.
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Royal LePage Binder Real Estate- Third Quarter Report 2020 For the third quarter of 2020 (July through September), we can see that the market for real estate remains strong in Windsor and Essex County, and the number of listings and sales have rebounded after being down significantly during the second quarter of the year.
The Challenges of Buying or Selling a Home During the Pandemic The past several months have presented several unique challenges for buyers and sellers in the Windsor-Essex real estate market. With the COVID-19 pandemic still affecting daily life for everyone, knowing how this affects you whether you’re looking at buying or selling is important if you’re about to enter the real estate market. The Pandemic and the Hot Real Estate Market Windsor and Essex County already had an extremely hot real estate market before the pandemic, with most homes selling quickly and for well over the asking price. The market has seen consistent growth over the past few years, and even as the pandemic has gone on, the average price of a home in this region has continued to climb. This means that, despite the extra challenges that COVID-19 has brought, buyers and sellers are still ready to move forward. With fewer listings on the market compared to previous years, the demand for the available houses is very high. For buyers looking to find their next home in this market,…
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