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Thursday, January 16, 2014

Windsor-Area Housing Sales, Prices Improve

The Windsor Star/Dave Hall

Housing sales and average prices took a jump in 2013 compared to the previous year, according to year-end statistics released this week by the Windsor-Essex County Association of Realtors.

Sales were up 18 per cent in December, compared to the same month a year ago, and they were up about five per cent in 2013 compared to 2012.

Average prices, meanwhile, were up 2.14 per cent in December compared to the same month a year earlier and prices in 2013 were up by 4.52 per cent compared to 2012.

“It’s a good sign that consumer confidence is returning to the marketplace,” said association president Bill Courtney, an agent with Century 21. “People need to be confident about their financial status before they make the most significant purchase of their lives. It’s a good time to be in the market.”

The average price in 2013 rose to $183,523 compared to $175,581 in 2012.

Listings, meanwhile, fell by 2.19 per cent in December and by 1.42 per cent for the year.

The most active price range in the market is between $140,000 and $179,999 with 1,108 sales followed by 1,024 sales in the $100,000 to $139,999 price range.

“Mid-range sales are where the majority of the activity falls and that’s been the case for quite a while,” said Courtney.

At the high end of the local market, there were 163 sales of houses above $420,000.

Windsor-Essex

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