Sales totals are up also in Woodstock-Ingersoll district sales area
First 5 months of 2016 included 635 sales -- 76 higher than last year
By
Mark Schadenberg
A
full-time Realtor is required to wear many speciality hats and one of those is
mathematician as we sort through amortization charts, calculate the square
footage, tabulate a land transfer tax, and estimate the current increase in
house values in the Woodstock-Ingersoll district real estate board.
I
had one Realtor in my office, who I shall not name, confidently indicate to me that
sales prices had moved upward by 11 percent in the past 12 months. The actual
number is 16 percent as the average has risen from $252,729 at the end of May
in 2015 to 293,471.
I
have listed many reasons for this trend in the past, but it’s certainly a
seller’s market due to a lack of good saleable homes, which is attracting some multiple
offers. Woodstock also has a strong economic picture with solid employment
numbers, and many families are locating here as it’s much more affordable than
Kitchener / Waterloo / Cambridge. On-going low interest rates have increased home values because people can afford more
house based on a certain monthly mortgage payment commitment. I truly believe
all these factors will remain constant for the near future.
Here
are the sales totals from the previous 5 months of May.
2016 158
2015 133
2014 139
2013 127
2012 97
The
trend is apparent – 2016 is on pace to be the best year in the WIDREB area
since 2005. Here are the 5-month totals, dating back to 2009.
2016 635
2015 559
2014 466
2013 526
2012 446
2011 501
2010 542
2010 542
2009
363
For
additional information on the Oxford County market, check out: www.markroyallepage.blogspot.com. I write about real estate,
local news and building projects, community entertainment and charity events,
and sometimes the topic is sports.
Source: WIDREB
KITCHENER-WATERLOO
Area
Read the link below about sales numbers in the Waterloo Region. Sales totals for May
of 2016 were 752, which marks the first time that area has topped 700 in the month
of May since 2007, and a 19.6 % increase since may of 2015.
From
THE K-W RECORD:
Prices continue their upward climb, rising to an average of
$378,248, an increase of 7.3 per cent over last May. Single-detached homes sold
for an average of $438,708; apartment-style condos averaged $221,073;
townhouses averaged $277,355; and semi-detached homes sold for an average of
$296,751.
LINKS:
Mark Schadenberg, Sales
Representative
Senior Real Estate Specialist
(SRES designation)
Royal LePage Triland Realty
Independently Owned & Operated, Brokerage
757 Dundas St, Woodstock
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland
Discussion . . . Direction . . . Determination . . .
Destination
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