February 2021 Market Update

February 2021 Market Update!

The February 2021 real estate market statistics for Windsor/Essex County are now in from WECAR (The Windsor/Essex County Association of Realtors). Let’s get into it!

Average sale price was once again a double-digit percentage increase over last year at this time. Average price for Feb 2021 was $481,221 which is a +24.79% increase over February 2020. (the median price was $457,100 which is a +27.01% increase over February 2020).

New listings in Feb 2021 were down again last month by -5.93% at 571 units compared to 607 last year. Sales were once again up by +9.61% with 479 sales compared to 437 in February of last year.

The most popular home styles in Feb 2021 were:

1st – Bungalow (132 sold, avg price of $415,345)
2nd -2 Storey (85 sold, avg price of $545,023)
3rd – Ranch (69 sold, avg price of $570,321)
4th – 1 1/2 Storey (56 sold, avg price of $378,064)
5th – Raised Ranch (39 sold, avg price of $568,987)

Our low inventory Seller’s market continues as it is in many Canadian cities. With interest rates still incredibly low and a continued influx of out-of-town Buyers – there’s no sign of change here anytime soon.

Of course, it makes sense that it’s a great time to sell but based on the trend we’re seeing it is also still a good time to buy! Prices went up on average nearly 25% from this time last year and we’re on track to increase 15-20% or more for 2021. Waiting for the market to cool? Those who decided to wait last year are now looking at a substantial increase in home values as they continue to wait it out.

With sewage capacity limitations in some municipalities restricting the ability to satisfy demand for new construction developments. Now is definitely the time to look at getting into a new build as buildable land begins to dwindle!

As always, averages are great for painting a general picture of the market however real estate is very localized and specific. Your particular area and home style may be higher or lower than the above figures.

Need help figuring out what this all means for your situation? Contact our Team today for help in understanding what the current market trends mean for you.

Steve Blais - RE/MAX Preferred Realty

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Melissa Tiveron

01:54 01 Jun 22

Steve is professional, honest and very knowledgeable. He takes excellent care of his clients and goes above and beyond in every aspect of his work.

Randy Belaire

00:33 11 Feb 22

Best realtor in the area.

Mike MacKinnon

00:45 09 Dec 21

Steve is an amazing, attentive agent who knows the market. He made himself available when we needed him to be to see homes, and guided us in the right direction when it came time to put an offer in.In this crazy market, we were able to purchase the second home we offered on...very quick when you consider the circumstances. My wife and I can't recommend him enough!He helped my parents find the perfect home for their retirement. He came to us highly recommended, and we can now see why...give him a call if you're buying or selling; you won't be disappointed.

Sandra Bewsher

00:05 09 Apr 21

About 15 years ago my husband and I had put our house up for sale with a realtor which resulted in devastating results that I won’t get into.We have been living in our first home we ever purchased and after 24 years decided to make another go at selling our home again.We found the perfect home that we would be able to retire in and for the first time met Steve Blais.At the time we first met Steve he stood out from other realtors we have met in the past.Some of the things that most stood out from Steve is how fast he would reply back from an email, text or phone call no matter what time it was day or night. He made my husband and I feel comfortable in his demeanor and actions to give us the confidence in the sale and purchase of our new home after 24 years.We would highly recommend Steve Blais and the RE/MAX team for buying and or selling your home.Thank you Steve for a wonderful experience

Caron V

14:19 24 Feb 21

We can't speak highly enough of our experience with team Steve and Trista. In this crazy real estate market they took us through multiple listings and offers before a final purchase. They advised us every step of the way taking as much time as needed to do a proper evaluation of each property before putting in an offer. All our questions and emails were answered promptly and clearly. Throughout the process they expertly handled setting up inspectors, dealing with paperwork for the lawyers and the bank. Steve and Trista led us through multiple rounds of negotiations. They surpassed our expectations with their professionalism and genuine interest in assuring that we were satisfied with our final decision.

Marta Sebestyen

10:42 07 Dec 20

Steve Blais is a knowledgeable, professional, patient, nice, organized, reliable and accountable man. It was an absolute pleasure to deal with Steve, he is the man of his words, never had to follow up on him, I much recommend him to everybody. Thank you Steve!

Julie

00:18 06 Nov 20

Steve was extremely patient and professional in helping my husband and I find a new home. We're inexperienced home-owners and Steve provided a lot of guidance in the whole process. We really appreciated his expertise and learned to trust him as he had demonstrated to us that he was passionate about finding a home for us and not just making the sale.Steve was very responsive to questions and concerns we had along the way. He also provided great advice for us when it came time to make the offer, which eventually allowed us to purchase our dream home.Steve is also very well connected, and since we're new to the city, he was our go-to person for recommendations. He never disappointed us and has referred countless services to us (at our request) that are quality businesses/service-people.I highly recommend his services, especially during this stressful seller's market!

Courtney Leigh

03:16 04 Mar 20

I was originally referred to Steve who helped assist my Mom find her dream retirement home in a new build area in Amherstburg. In a very crazy realestate market Steve helped my Moms transition from a big city to be a very easy one. Steve truly went above and beyond for her. He was able to make an out of town buying experience very worry free. When it came time for my own family to buy our own home, it did not matter which area we wanted to explore, Steve was always willing to meet us and was very informative in today's current realestate market throughout the Windsor-Essex area. With multiple offers on a listing my family wanted, Steve was very helpful in knowing what we should offer to make the home our own. Steve posses the accommodation, knowledge, professionalism, genuine kindness, and care a family or single buyer needs in a realtor when looking for a home. We will highly recommend him to anyone we know.

Connie Campbell

14:29 01 Oct 19

WOW WOW WOW that is all I can say. We met Steve in the middle of September as we were looking for an investment to buy in Windsor. Our initial call was about 30 - 45 minutes and we were hoping for the best. We spent a full day with Steve viewing various properties. He understood exactly what we were looking for. He is very intuitive and approachable. He is honest in his comments and evaluation of all properties. If Steve does not know the answer he will find it out. He does his homework and seems to know exactly what will sell and what it will take to buy. We have been dealing with Steve for a month and a half and have been able to secure 3 houses in total. I would highly recommend Steve if you are looking for someone honest, reliable, friendlyn and knowledgeable to help you with your real estate adventure. We are hoping to do more investing in Windsor and will be using Steve as our main go to person and will recommend him to anyone that asks.

Michelle Mercer

15:24 27 Sep 19

Karen Gough

22:25 18 Apr 19

Steve is a awesome real estate agent. His knowledge of the building industry helped us so much with our purchase of our new home. If he did not know a answer to our question he researched it and found the answer for us. He was our angel from heaven, so helpful in many ways. He was always able to take our calls, and boy did I call. He goes above and beyond any real estate agent we have ever used in the past. If you need a agent go with Steve for he is the best.

Rene Hatzis

04:10 11 Mar 19

Steve is an amazing realtor. He is very knowledgeable about everything in a property and makes sure you see everything you may overlook in the viewing. He goes above and beyond, is in constant contact and always available for all the questions and concerns I had in the process. He’s been my realtor on two properties and I look forward to working with him in the future. I would definitely recommend him to anyone looking to buy a new property!

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February 2021 Market Update

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