Here are some Windsor, Ont., neighbourhoods where you can still get a house for under $400K
CBC
If you're looking to buy a home in Windsor-Essex, and you're on a budget, the prospect of attempting to make a purchase can be daunting.
However, according to the president of the Windsor-Essex County Association of Realtors Maggie Chen, even though prices are much higher than they were pre-pandemic, it's still possible to purchase a family home for under $400,000.
"It's fantastic news for the first-time home buyers and anyone who works within a budget," Chen said, though she acknowledges it's still a frustrating landscape to navigate.
As of November, the average sale price for residential homes was $584,452. That's 10 per cent higher than the same time last year, but still fairly consistent with the last few months.
All of the data that follows was provided by Chen, based on MLS statistics provided by the Windsor-Essex County Association of Realtors throughout 2024.
If you're looking to buy a home for the lowest amount possible, Chen explains that Downtown Windsor and West Windsor have the lowest sale price averages in the region.
West Windsor is on the lowest end, with the average price of a home sitting at $363,077.
Outside of Windsor, Wheatley has the lowest average sale price in the region at $474,525.
If you're looking to stretch your dollar as far as you can, to get as much space as you can for the lowest price tag, you can look at the average costs of homes by square footage.
Central Windsor has the best bang for your buck at $314 per square foot.
Chen explains that even though the market is quieter now compared to pandemic times, bidding wars are still ongoing.
"[They] are happening anywhere, everywhere, at any price point. So, no one likes the pressure of a bidding war," she said.
To avoid them, she recommends working with a realtor to identify homes that are appropriately listed, and look for homes that have been sitting on the market for a longer stretch of time. Those homes are less likely to attract multiple offers, she said.
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