July 2017 stats have just been released by the Windsor Essex County Association of Realtors.
In July 2017 we saw a positive increase in the Residential Market Activity (Listings) at +8.39% compared to July 2016.
On the other hand is the Residential Sales. In July 2017 we saw an decrease of 2.68% over July 2016 compared to July 2016.
The average Residential price continues to climb, mainly due to the number of higher price homes that have been selling. We are seeing record number of homes priced over $420,000 being sold in our region. In July 2017 there were 62 homes sold over $420,000, with 36 of those being over $500,000.
One important graph to look at in regards to our average sale price, is the “High End Homes” graph. We noticed in July 2017, we sold less homes under the $280,000 mark, and more over $280,000. This is what is driving up the average sales price.
The Bungalow/Ranch is still the most popular style of home being sold.
YEAR TO DATE
Year-to-Date stats show Market Activity (Listings) are UP 1.17%, with Sales UP 5.26%, and the AVERAGE PRICE UP 17.89%