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Woodstock Ontario Real Estate

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Ben Sage, Moving Woodstock

Prime Upgrade Opportunity Exists in Woodstock

Posted on October 3, 2013 by Ben Sage in Buyer, Investment Real Estate, Market, Selling, Woodstock Ontario Real Estate Stats

It’s time for a re-cap of the September 2013 sales numbers in the Woodstock, Ontario Real Estate Market.

Tight Supply rules the lower price ranges, anywhere under $300,000, homes that are listed are selling in good time.  As usual, there remains a distinct line above the $300,000 mark where the “temperature” of the Woodstock Real Estate market changes drastically.  Huge supply in the higher end price ranges create conditions favouring buyers.  As has been the case all year long, this is a prime opportunity for families who are looking to UPGRADE their living arrangements.

As usual, here is the activity by price range breakdown that I like to use to determine which price ranges are “HOT” and which are “NOT” in the Woodstock market.  Please note this month I have upgraded the chart to show Absorption Rate.  Absorption Rate is a metruc used to measure the strength of the Real Estate market.  It shows how much inventory exists, and the speed at which the inventory is absorbed by buyers in the marketplace.  I feel it is important to spread out the Absorption Rate into price ranges, to accurately reflect conditions in the Woodstock Market. 

 

 

If you’re interested in hearing how this pertains to your home, or have any other marketing or sales related inquiries, please reach out and we can have a chat!