Houses aren't (physically) moving but lots of people are
By Mark Schadenberg
Houses are moving in Oxford County.
Well, that’s not quite true, but houses are selling and people are
moving in 2013.
This year is
evolving into the best year for sales since 2007.
WIDREB (Woodstock,
Ingersoll, Beachville, Norwich, Innerkip, Drumbo, Sweaburg, Mt Elgin, Embro and
points in-between) final yearly numbers:
2012, 1065
2011, 1159
2010, 1216
2009, 1080
2008: 1176
2007: 1359
2006: 1278
2005: 1473 (correct)
2004: 1366
2003: 1153
If you look at the year-end totals, 2010 was a reasonable year, but
only because it started out quick until the introduction of the HST on all real
estate related services (commission, inspections, lawyers, etc).
In the first eight (8) months of 2013 there have been 887 reported
sales already according to WIDREB released stats.
In August itself, there were 120 transactions, compared to 104 in
August of 2012 and 110 in August of 2011.
Luxury Residences Are Selling Too!
Noteworthy among the sales totals is price range comparisons as many
higher-end homes are selling versus 2012. Look at the chart below:
260,000 – 299,999
2013, 23 (118 for year)
2012, 11 (84 for year)
300,000 – 349,999
2013, 13 (76)
2012, 6 (63)
This trend continues up to $500,000.
The reason I present these numbers is quite simple. Some Realtors will
quote the WIDREB monthly press release without carefully looking closer at the ‘real’
numbers.
If you’re thinking about a move, call me for the true numbers and
statistics, and an honest look at a game plan that will work for you. And remember,
not matter how hot the market is, homes priced right (correct asking price) will
sell.
Below is a look at K-W house-selling results and trends:
()()()()()()()()
Story from THERECORD.COM:
House sales up in Waterloo Region
Waterloo
Region Record
By Rose Simone
WATERLOO REGION — The housing market in
this region showed few signs of cooling as the year wound down to its last
quarter.
In the Kitchener and Waterloo area,
sales of existing homes remained fairly steady with 512 houses changing hands
in August, which is about 2.8 per cent higher than the 498 homes that sold in
the same month last year.
For the eight months of the year as a
whole, house sales were up 3.4 per cent, with 4,648 units sold, according to
the Kitchener-Waterloo Association of Realtors.
Meanwhile, the Cambridge Association of
Realtors said the house sales were quite strong in August in that part of the
region.
A total of 251 housing units sold in
the Cambridge area in August, which is 26.7 per cent higher compared to the 198
homes that sold in the same month last year.
So far this year in Cambridge, a total
2,217 housing units have sold, a 7.7 per cent increase from the same period
last year.
Housing prices, meanwhile, have
continued to go up in most segments of the market.
In the Kitchener and Waterloo area, the
average selling price for all types of houses in August was $318,807, up about
1.9 per cent from the same month last year. The average selling price for
single detached houses was $359,291 up about 1.8 per cent.
In Cambridge, the average selling price
for all types of homes in August was $302,412, up about seven per cent from the
same month last year.
The one segment where prices did cool
down was in the condominium market in Kitchener and Waterloo.
The average sale price for condos was
$223,114, a decrease of 3.3 per cent compared to August of last year, even
though the number of condo units that were sold was up 3.1 per cent from the
same month last year.
Overall, the housing sales are strong
and "it's clear that buyers remain confident about the value of homes in
Kitchener-Waterloo," Dietmar Sommerfeld, president of the
Kitchener-Waterloo Association of Realtors, said in a statement.
Stan Adams, president of the Cambridge
Association of Realtors, also said the statistics are reflecting the continued
confidence that people have in the local housing market.
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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