Homes is all price ranges are selling quickly in the Woodstock-Ingersoll area
By
Mark Schadenberg
Any
January with more than 100 transaction in the Woodstock-Ingersoll District Real
Estate board trading area must be considered a good January, or better yet a
terrific start to 2017.
The
WIDREB report for the first month of the new year includes 106 sales. Keeping
in mind that last year was the first year ever to top 1,500 sales, it’s important
to note that 2017 has left the starting blocks at an even faster pace as 106
this year is higher than recent years: 78 (2016), 81 (2015), 44 (2014 –
correct), 75 (2013), 63 (2012), 74 (2011) and 61 (2010).
The
total number of expired listings is also very low at 22 versus 40 last year. I believe
this is a valuable indicator as it depicts that homes are selling and not
evolving into ‘tired’ listings which often expire.
Also,
between $300,000 – 399,900, there were 33 sales already in 2017 as compared to
only 8 last year in January.
With
an increase in sale prices, the modest range of available homes continues to
dwindle as only 12 transactions occurred in the 140,000 – 200,000 bracket as
compared to 17 last year.
If
you’re thinking about selling during 2017, now is the time for a home
evaluation as my thorough market analysis includes a lot of stats and an
extensive description of your home, but it also includes a list of home
improvement projects you should consider to assist in the selling process and
it likely includes which rooms you might paint, which carpeting could be
replaced, and any significant improvements such as a new roof or renovated main
bathroom. If someone asks me why their home has not sold, it’s usually only 2 answers
and that is the house does not ‘shine’ and the asking price is a tad high.
Sellers
also seem to think that a higher ticket item of improvement is something the
next buyer should tackle, but, and it’s a big but, young home buyers expect to
see everything in move-in condition. Also, if your home is tired, the first impression
of prospects is that the current owners did not maintain their property.
LONDON
AREA
The
London- St Thomas board was in the newsprint of the London Free Press last
weekend as it announced its quick start to 2017.
The
574 announced transactions is the highest since LSTAR has compiled stats –
dating back to 1976. Last year, the total of over 10,000 sales was also the
highest ever as 9,738 was the best-ever total and that was in 2007.
LONDON
BUILDING
The
LFP also featured a story on another proposed high rise for the downtown area,
so I included a link to that story as it projects to be at 89-97 King Street
and would be a 31-storey structure with approximately 250 units and be situated
close to the Budweiser Gardens rink. The businesses currently at those
locations would no longer exist obviously – which include the Saddle Up Country
Bar.
LINKS:
LONDON
TORONTO
Everything appearing on this site is written by:
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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