Current-year activity better than 2012 so far

April sales were 127 in WIDREB area
Not quite as good as 2010 was though

By Mark Schadenberg

National trends in the economy certainly accelerate or sputter real estate sales locally.

I remember the fever we had in early 2010 as everyone felt it was important to make that purchase in the first half of the calendar as the HST was to soon take effect. The additional tax did increase buying costs on Realtor’s commission and other related services – inspections and lawyers’ closing costs, along with immediate purchases such as furniture and paint.

To put everything in concrete terms in the Woodstock-Ingersoll board area (Includes Innerkip, Drumbo, Norwich, Burgessville, Beachville, Embro, Hickson, Salford and points in-between), the opening four months of 2010 witnessed 444 sales. Mirror that number to the other five most recent years – 2013 at 399, 2012 at 346, 2011 at 391, 2009 at just 265, and 2008 at 394. Roller Coaster Ride

Those numbers depict a zig-zag chart, but do prove that 2013 has been more than reasonable so far for activity.

In April of 2013, sales were third highest out of the last six years. In 2013, April totals were 127 – compared to only 93 last year, 103 in 2011, 161 in crazy 2010, 101 in 2009 and 130 in 2008.

The year-end totals also paint the same picture as 2005 was really strong with the announcement of Toyota assembling land to build a factory to assemble cars (RAV4) in Woodstock. It is interesting to note how busy 2005 was as that fabulous fury or the frantic furore or frenzied fracas was based mostly on speculation of a great future for Oxford County because the plant would not open its doors for more than three years.

Here are the year-by-year WIDREB final numbers.

2012: 1065                           

2011: 1159                           

2010: 1216                  

2009: 1080

2008: 1176                           

2007: 1359                           

2006: 1278                  

2005: 1473 (correct)

2004: 1366                           

2003: 1153

One would predict or guess that 2013 should reach the 1,200 mark, especially if low interest rates continue.

In the meantime, I will add that houses are always selling, especially those that are correctly priced.

Mark Schadenberg

Sales Representative

Royal LePage Triland Realty

757 Dundas St, Woodstock

www.wesellwoodstock.com

(519) 537-1553, cell or text

www.marksells.ca

www.markroyallepage.blogspot.com

Email: mschadenberg@rogers.com

Twitter: markroyallepage

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