Can I compare NHL hockey to WIDREB sales numbers?
By Mark Schadenberg
By Mark Schadenberg
I’m trying to create an analogy or placing an example into concrete
terms, so here goes.
In the NHL, teams play 82 games (in non-lockout seasons), and a good
season for a team would be 100 points or more – perhaps 45 wins and 10 (silly) bonus points
for losing in overtime. So, a record of 45-37 is good.
What number, therefore, would be a great points total? Maybe, 110. I would say at least 115.
In other words, in comparing numbers everything must be relative to
what is considered great.
The real estate final sales numbers for October 2013 were actually –
in my opinion – ‘good’ at 104. (Residential units is 98, while six other sales
were either commercial, farms or simply vacant land)
The official press release from the Woodstock-Ingersoll District Real
Estate Board (WIDREB) noted that sales had risen from the sum of 90 in October,
2012, and the best since 132 in 2007.
The chart below will note reported MLS sales for the past 11 Octobers,
and the year-to-date total for the first 10 months over those years.
If you want to see and research year-end results for recent years,
simply scroll through www.markroyallepage.blogspot.com.
Obviously, 2005 tops all tabulations as that was the year Toyota announced it
would be building a manufacturing facility at the site of the (former) Blandford
Square Mall.
The average price of a home in the WIDREB trading area is now
$236,652, which marks a 3.6 per cent increase over 2012. A lack of supply (listings)
might be the main reason for this increase. Demand is better than average (in my opinion) due to low interest rates, but not terrific ever since the Bank of Canada and other folks in Ottawa tightened up the borrowing rules on down payments and amortization periods.
If you’re thinking about selling – now is the time as the total number
of listings is lower than 2012, and lower than most months dating back to 2008. A serious buyer finds it difficult at present to find a good array of homes to view.
While I always change the order of the words, it is always a good time
to sell if you have a house to sell, but the asking price must be correct as
you will maximize your ‘market value’ by not permitting your home to be stale
on the market. In other words, if your home is worth $200,000 – it will sell
for less than that amount if you list it at $219,000 or higher.
SALES NUMBERS
2013: 104, 1117
2012: 90, 947
2011: 81, 1012
2010: 89, 1070
2009: 100, 923
2008: 102, 1063
2007: 132, 1211
2006: 111, 1114
2005: 96, 1334 (correct)
2004: 118, 1178
2003: 77, 1012
Full-Time Realtor For 14 Years
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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