WIDREB board sales numbers for July of 2014
By Mark Schadenberg
After a late start to the selling
season in Oxford County and most of Ontario due to a wicked winter,
the spring market in the Woodstock-Ingersoll district (WIDREB) area
appears to be continuing right into the summer.
Remember back to the winter of 13-14
and our WIDREB board reporting just 44 sales in January, well in July
of 2014 there were 121 reported sales as compared to 122 in 2013, 96
in 2012, 95 in 2011, and only 85 in 2010.
As you can also see from the
accompanying chart, sale prices have increased somewhat dramatically
since 2010.
I try not to be negative about the
average sale price, but the number has been skewed upwards due to
three factors – the increase in lot prices for a new home locally, the
increase in construction costs, and the lack of listings.
Going further, I do
believe that the re-sale price of a 5-year-old home, for example, moves
upward when a consumer can see its value (usually) with a finished
basement, lots of landscaping, paved driveway, and a larger lot. Especially, when you factor in a low number of listings versus the number of home seekers.
In other words, when considering
construction costs and lots values, a new home today for $350,000
would have likely been around $280,000 five years ago with all square
footage numbers and building styles being equal.
As for overall sales numbers for the
first 7 months on the calendar, July of 2014 fares about average when
looking at the past 10 years. See the numbers:
2014: 707
2013: 766
2012: 653
2011: 705
2010: 785
2009: 611
2008: 745
2007: 836
2006: 777
2005: 983 (Correct; the Toyota is building in Woodstock excitement)
2006: 777
2005: 983 (Correct; the Toyota is building in Woodstock excitement)
WATCHING & LEARNING
In the meantime, if you're thinking
about buying a home – especially if you're a first-time buyer -
there's several good tips and hints in the video as part of the web
Links below. The video also depicts all the facets of the home buying process which a Realtor will assist (guide) you in.
Also be sure to check
www.wedothehomework.ca
as it breaks down tips for both home sellers and home buyers.
I think it's important to those also
selling a home, that they should consult with at least 3 local
Realtors before putting their home on the market – at the right
price and with a full-time local Realtor.
After watching the video, give me a
call to start your journey.
LINK:
www.wesellwoodstock.com
Call me today and ask about 681 Princess St, Woodstock
Listed At: $162,900
Lots of value for a young family
Mark
Schadenberg, Sales
Representative
Senior
Real Estate Specialist (SRES designation)
Royal
LePage Triland Realty
757
Dundas St, Woodstock
www.wesellwoodstock.com
(519)
537-1553, cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Facebook:
Mark Schadenberg, Royal LePage Triland
No comments:
Post a Comment