Quite the year was had in 2014! A lack on inventory on the market has helped create a buyer backlog which in turn has caused the average sale price in Windsor & Essex County to climb 4.39% to $191,581. Just to give a little perspective on that number…in 2012 the average sale price in Essex County was $175,581. That’s a massive difference in our market!

Sales however were up just shy of 1% at 0.58% over 2013. That number translates to 5187 sales in 2014. Let’s not forget that 2013 was also a very good year. So that number continues to impress!

The most popular price range were homes sold between $140,000-$179,999 with 1075 sales. Followed closely by homes sold in the $100,000-$139,999 range with 980 sales. One number we did find quite surprising in 2014 however was the 211 sales over $420,000 in 2014, compare that to 163 sales in 2013 and 131 sales in 2012.

In the county, LaSalle, Amherstburg and Lakeshore continue to lead the pack in both listings and sales. While in the city, Central Windsor, South Windsor and East Windsor controlled the majority of the market!

All in all 2014 was a great year for Windsor & Essex County Real Estate, we expect to see continued growth for 2015 with the recent news of dropping mortgage rates! If you’re looking to make a move, there’s no better time!