Real estate sales totals are relative
By Mark Schadenberg
In real estate sales, everything is relative.
I’m not referring to someone buying their Mom’s house,
but rather the idea that an increase in total sales (actual market activity)
for our Woodstock Ingersoll District Real Estate Board (WIDREB also includes
Embro, Innerkip, Norwich, Burgessville, Salford, Beachville, and all points
in-between) to out-pace 2012, 2011 and 2010 is great to see, but June of 2013 actually
saw 62 fewer sales than June of 2005.
Here are some frank numbers (and yes I did have an Uncle Frank).
It’s been said often that 2005 was a remarkable
economical year locally and that’s the understatement of this or any year.
The 120 sales for June in WIDREB can be described as average
as totals range in the past decade from 106 to 182 for the sixth month of the
year.
With the calendar half over, WIDREB’s total is 645 and
that too is average or if you prefer a median number as the past 10 years range
from 502 in weak 2009 to 829 in 2005.
Here are year-by-year totals, first noting June and then
the six-month compilation.
2013: 120, 645
2012: 112, 558
2011: 112, 614
2010: 106, 698
2009: 139, 502
2008: 117, 633
2007: 166, 718
2006: 135, 674
2005: 182, 829
2004: 130, 706
Below, is a story about the Waterloo Region sales totals.
()()()()()()()()()
Kitchener-Waterloo sales strong; Cambridge stats on
record pace
House sales remain strong in Waterloo Region
Waterloo
Region Record
By Waterloo Region Record staff
WATERLOO – The resale housing market in Waterloo Region is in good shape as it
enters the second half of the year.
Agents
with the Kitchener-Waterloo Association of Realtors recorded 648 residential
sales in June, up 6.8 per cent from the 608 properties that changed hands in
the same month a year ago.
Sales
dipped in Cambridge last month – they fell to 305 from 321 in June 2012 – but
the Cambridge Association of Realtors is still on pace for a record year.
It
recorded 1,686 sales through the first six months of 2013, the highest total
ever for the first half of the year.
"Housing
demand in the region remains very strong," Stan Adams, the association's
president, said in a news release.
The
Kitchener-Waterloo association recorded 3,511 sales to the end of June, up 1.4
per cent from the same period a year ago and 2.2 per cent higher than the
five-year average for the first six months of the year.
"We're
seeing a slow and steady upward trend in sales, which is exactly what we like
to see – stable and steady growth," said Dietmar Sommerfeld, the
association's president.
Last
month's sales in Kitchener and Waterloo included 422 single-detached homes (up
9.9 per cent from a year ago), 122 condo units (down 7.6 per cent), 58
semi-detached homes (up 9.4 per cent) and 35 townhouses (up 6.1 per cent).
The
average sale price in Kitchener and Waterloo rose 4.6 per cent to $326,561 in
June compared to a year earlier. The average price in Cambridge increased four
per cent to $305,883.
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
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