Ben Sage, Moving Woodstock
October 2015 Real Estate Market Stats Report
I know I know. It’s been too long since I updated the public on the real estate market. Sorry! I say that a lot —- side effect of being busy explaining the marketplace to my clients, I guess!
Things have cooled off a bit since I last posted, but June’s post reported on a WHITE HOT real estate market in Woodstock. Things have settled a bit, but lack of inventory and consistent or increasing demand is still fueling a busy real estate market. We have been in a sellers market for ages, but buyers keep coming out to purchase homes! So if you have something to sell, now is a great time to capitalize on that investment.
Here is the breakdown of sales by price range:
|September 2015 Stats||(As of End of month of September 2015|
|Sale Price||Sales||Active||SOLD PCT||Conditions|
|Under $100,000||1||1||100%||Heavily Favouring the Seller|
|$100,000-$150,000||3||14||21%||Slightly favouring the Seller|
|$150,000-$200,000||10||17||59%||Heavily Favouring the Seller|
|$200,000-$250,000||12||22||55%||Heavily Favouring the Seller|
|$250,000-$300,000||10||27||37%||Slightly favouring the Seller|
|$300,000-$350,000||3||33||9%||Slightly Favouring the Buyer|
|$500,000+||3||8||38%||Slightly favouring the Seller|
In terms of big-picture numbers, here’s how September 2015 stacked up:
The number of properties sold in September of 2015 was up 11% from September 2014.
The number of properties actively for sale at the END of September was DOWN 26.2% from September 2014.
Board wide, sellers are getting 97% of their asking prices – According to my notes, my clients over the past 12 months have gotten 98% of their asking prices.
The average sale price is up 8.7% to $280,967in Woodstock in September 2015.
Please contact me to discuss relevant interpretation of these statistics – what they mean to you as a home owner or potential buyer.
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...