Strong sales totals for May in Woodstock area
By Mark Schadenberg
Anyone in sales must look
at the cup as half full, but it’s also easy to be cynical when drawing a bar
graph depicting sales year-by-year and analyzing trends.
The great news is that the
Woodstock-Ingersoll District Real Estate Board (WIDREB also includes
Beachville, Sweaburg, Drumbo, Innerkip, Embro, Salford, and Burgessville, and
Norwich homes listed on our board) witnessed an increase of 27 sales in May
2013 versus May of 2012. The difference was 127-100.
However, when you look
back at previous years, maybe 2012 was the average number. The reported sales
figures for previous years were: 111 in 2011, 145 in 2010, only 98 in 2009, 122
in 2008, 131 in 2007, 143 in 2006, and a remarkable 195 in 2005. Remember, that
it was the spring of 2005 when Toyota announced it would be building a
manufacturing facility in Woodstock.
Looking at these stats,
therefore, of the past nine years, 2013 is in fifth place or the median.
One number I do very much
like is the average price is now $246,472 and that itself is about a 10%
increase over just 12 months ago. Ask a baseball player about a batting average
over 127 at-bats and they would tell you there’s quite a difference between 35
hits and 40. In other words, in 2013 there were 30 sales over $300,000, whereas
there were just 18 in May of 2012.
I believe tighter Bank of
Canada rules and federal government guidelines have made it difficult for
first-time buyers to own a solid place in the market, so some lower-end houses may
currently black buyers.
So far this year (5
months), there are 526 sales, as opposed to 446 in 2012 and 502 in 2011. For
home sellers, that is terrific news and more good news is that the total number
of listings (inventory) is quite low, which should also keep selling prices on
the upswing.
The WIDREB board – in an
effort to receive publicity – always issues a monthly press release, and another
astounding number is the total dollar value of residential sales amounted to
$30.6 million in May alone – an increase of 47 per cent from one year earlier.
I always end similar prose
by saying that houses certainly sell in all 12 months of the year and it’s the
properties with the most accurate asking prices which garner the most attention
and offers.
Mark
Schadenberg
Sales
Representative
Royal
LePage Triland Realty
757 Dundas
St, Woodstock
www.wesellwoodstock.com
(519) 537-1553,
cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Discussion
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