WINDSOR/ESSEX AVERAGE RESIDENTIAL SALE PRICE: $246,775 … UP 17%! (Q1, Year-Over-Year)
CURRENT STATUS: SELLER’S MARKET
Relative affordability in Windsor compared to other, larger markets such as the GTA, has led to high demand from move-over buyers and a brisk housing market to start the year. Activity in the luxury home market is growing, in part due to the construction of new homes and the migration of buyers from other Canadian markets who find good value in Windsor. Overall, townhomes and semi-detached homes are seeing the most activity, with demand primarily driven by downsizers who view Windsor as a great retirement community. The average days on market are approximately 43, with many homes receiving multiple offers within the first few days of listing.