Gretzky-like numbers in WIDREB sales

WIDREB sees 99 units sold in September

To manufacture or fabricate a story is to ‘spin a yarn’. One online dictionary I found used the apt term ‘cook up’.

There is always a positive angle to look at, but the numbers do not lie.

Every month the Woodstock-Ingersoll District Real Estate Board releases its chart of sales, and also compares the current numbers to each of the past 4 years.

Houses are selling. Houses always sell, but right now totals are below average.

I would certainly not depict the numbers in any other way, but by using only the accurate numbers.

The September numbers have just been released by our board office (WIDREB) and only 99 homes were sold last month, compared to 118 in September of 2011, and 110 in 2010.

This year we have had just three of nine months with more than 100 units sold. Last year, it was six of nine.

The total year-to-date numbers paint a similar picture with 860 sales reported so far this year, versus 935 in the first nine months of 2011, 981 in 2010, and 826 in 2009 when everyone would expect a quiet market due to the struggling auto industry at the time.

The slow 2009 numbers wrapped up that year with 1084 sales, versus 1160 in 2011, 1222 in 2010, and 1172 in 2008.

I would say that this buyers’ market should soon lead to a lot more sales as our area is overdue for a breakout in activity.

(Note: These sales results are a total of firm deals reported to WIDREB, so it does not include private sales or some custom-build contracts with builders.)

Thorough Analysis

When I prepare a market analysis for your house, I always include complete and up-to-date stats, and also refine those numbers to a specific price range.

For example, I've been concentrating on a report for a house that will likely sell in the 280,000 range (Call me if you're considering a house near this price bracket.)

Since June 1st (4 months) -- in Woodstock only -- there have been 31 sales in the 260 - 300 range. There are currently 48 active listings in that identical range, which of course could be competition. All things being equal, how accurate should you're asking price be if you truly really want to sell?

Call: Mark Schadenberg, sales rep

Royal LePage Triland

519 537-1553