Ben Sage, Moving Woodstock
Woodstock Ontario Residential Real Estate Market Update, December 2013
It’s December 2, 2013, so that means it’s time to take a look at the Residential Real Estate statistics over the past month in the City of Woodstock, Ontario.
It’s felt a little bit “slower” in the past 30 days, and after looking at the statistics, They agree.
November saw zero sales in the low end ($0 – $100,000 price range), though no homes were actually listed in that price range, so that number is somewhat irrelevant. In the high end homes, over $400,000, there was only one sale reported through the Woodstock-Ingersoll Real Estate Board. Buyers have all the control in that price range, as usual. As a matter of fact, positive buying opportunities exist from $250,000 upwards, reflecting the same trend seen all year long.
The only Seller-heavy market range was $150,000-$200,000 where high demand and low inventory have kept things very busy, and difficult for Buyers.
With 8 months supply of inventory available on the market at the moment, Woodstock is seeing a steady Real Estate market, which is expected at this time of the year.
As I have been saying virtually all year long, there is a PRIME UPGRADE opportunity if you own a home that would make a GREAT first time home, and are considering upgrading to a bigger home, there may NEVER be a better time to do so. High demand and low supply in those price ranges, coupled with low demand and higher inventory in the “step up” house, and amazingly low interest rates are all adding up to a prime upgrade opportunity.
As always, if you have questions about this statistics report, my listing or buying services, or anything Real Estate related, please don’t hesitate to ask. Use the form on the right side of my page at www.woodstockhomes.com to reach me, and I would be happy to help.
I have been successful helping clients buy, sell, or lease residential, commercial, or investment properties in the Woodstock, Ontario area since August of 2007. With technical experience ... Read More...