Windsor Set to Enjoy Robust Growth

Windsor, ON

Windsor / Essex County offers over 22 wineries and is bordered by two great lakes with climate as one of the most favourable in Canada, sharing the same latitude as northern California, USA and Spain. The local real estate market is enjoying another robust year of sales and housing starts. Meanwhile, the proposed construction of the new Gordie Howe International Bridge connecting Windsor to Detroit, Michigan should employ further economic growth and interest in the area. All indication for the balance of 2017 shows continued demand for the housing stock.

 

The average sale price in the month of June 2017 is 274,789, an increase of 18.5% from June 2016 at $231,880. The number of homes sold in June 2017 is at 731 units;  showing an increase from sales of 607 units in April 2017. The month end June 2017, available listings were calculated at 1043 units, up slightly from April 2017 which calculated to 814 listings. The average number of days a home listed for saleon the market for June 2017 is 36 days, up slightly from April 2017 when the average marketing time was 32 days.