In December of 2015, the average price of homes in Windsor was $202,838. Last year in the same month, the average price was only $183,398. December closed out a year of Windsor housing prices in which all but two months had a higher average price than in the same month of the previous year. With its year-over-year average price increase of 10.6 %, however, December showed housing prices making some of their most significant gains compared to 2014.
Prices Slightly Below Average Sale Price Remain Most Popular in the City
In a pattern that is typical of Canadian cities, most Windsor homes sold in 2015 were in price ranges below the average prices for all homes sold in the city. Over the course of the year, 1,078 homes were sold for between $100,000 and $139,000, and 1,142 homes were sold for between $140,000 and $179,999.
However, this trend was bucked somewhat in December. The most popular pricing category in the month was still the $140,00 to $179,999 range, with 69 homes sold falling between those benchmarks. However, the next most popular category was at the very low end of the spectrum, with 56 units sold that only cost between $60,000 and $99,999. There were also 55 units sold between $180,000 and $219,999. The takeaway here is that there are a lot of homes for interested home buyers at all points of the price spectrum in Windsor, but the most activity tends to be on the lower end of the scale.
It is also worth noting that sales of high-end homes have greatly increased in Windsor. In every single price bracket, starting at under $160,000 and moving all the way up to houses costing more than $500,000, more homes were sold in December 2015 than in December 2014. Although the lower end of the spectrum may be the most popular in Windsor, the market for higher end homes also appears to be warming up.
Real Estate Activity Busiest in Downtown
The downtown core of Windsor has historically been the busiest location in terms of real estate activity, and December 2015 was no exception. The largest number of homes listed in the city were in the Central/Downtown real estate district, with 52 homes being listed in December 2015. This was eleven more units than were listed in the next busiest district, East Windsor. Downtown also saw 47 sales in December, a full twenty more than in the East/South Windsor district.\