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The association’s latest local real estate figures show there were 489 homes sold in March. While that is down nine per cent compared to the same month in 2019, it was an increase from 427 homes sold in February before there were any widespread COVID-19 concerns.
There have been 1,250 properties sold overall in the Windsor area for the first three months of 2020 — that is only 50 fewer (3.8 per cent less) compared to the same time frame in 2019.
The average home sale price so far for this year is $372,481 — a 15.6 per cent jump from one year ago when it was $322,045.
For local home buyers, Clarked noted that out-of-town investors have essentially disappeared recently — especially those from the GTA — since there is a widespread inability among people to pay rent because of the vast number of layoffs and businesses shutdowns during the COVID-19 crisis.
She said there are also not many job transfers taking place, leaving much of the current housing market to local buyers.
“That’s really positive for local people because we were getting so many Toronto buyers and people here often just can’t compete,” Clark said. “They pay cash and have a lot of it.”
