Home sale prices have skyrocketed over the past decade in the Windsor area.
According to the 'Decade in Review Report' released by RE/MAX, home prices in this area have shot up 62% over the past ten years.
The report lists the average home sale price in 2007 at $163,215. That compares to an average sale price of $264,750 dollars in 2017.
Glen Muir with RE/MAX in Windsor believes "optimism" played a part in home sales prices increasing by more than $100,000 over the past decade. That's despite the 2008 recession that included a downturn in the auto sector and the area's unemployment rate hitting double digits.
"Through our industries people have always had faith in our area and with that came the good news. Optimism is what has kept our area growing all the time," says Muir. "If it's not the bridge being announced, it's the hospital being announced, the highway being announced, industry being announced. Every time you turned around, every three months, someone was positive about being in Windsor and Essex County."
Muir says what lead the charge is that people really appreciate what Windsor and Essex County offers. "Look at the retirees that are coming this way. We're 75% surrounded by water. We have more temperate temperatures and we have the US right across from us. Those are just great factors for people to choose our area to be in."
The report says retirees, empty nesters and relocating families in search of affordable housing have buoyed home-buying activity in Windsor-Essex in recent years.
Population growth and strong economic fundamentals, led by a robust automotive industry and a number of big construction projects are also getting credit for a recent increase.