B & B Team sharing news on the Woodstock Real Estate Market, upcoming events, home ideas, contests and more!

Statistics on the Woodstock Real Estate Market

Woodstock & District home sales improve slightly in September, but still well down from last year

This is what  “The Canadian Real Estate Association, in co-operation with the Woodstock-Ingersoll & District Real Estate Board ” is saying
Residential sales activity recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board numbered 83 units in September 2017, falling 28.4% from a year earlier. While this was still well below average for the month, it did mark an improvement over the 36.8% drop recorded in August.

Year-to-date home sales numbered a record 1,283 units over the first nine months of 2017, up 10.1% from the same period last year. This still leads all other years on record.

“Home sales in September mirrored what happened in Toronto last month, namely a bounce off the bottom that may indicate buyers are starting to move back off the sidelines,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “Of course, one month does not make a trend, so we’ll have to wait and see how things play out over the last three months of the year.”

The average price of homes sold in September 2017 was $338,368, rising 20% from September 2016. The year-to-date average price was $342,419, up a similar 21.2% compared to the same month last year.

New listings numbered 144 units in September 2017, down 7.1% from September 2016.





.Active supply is still trending near all-time lows, although it is up from even lower levels at this time last year. There were just 302 active residential listings on the Board’s MLS® System at the end of September 2017, up 19.4% from levels at the end of September 2016 but still below the same time in all other years.

There were just 3.6 months of inventory at the end of September 2017, up from 2.2 months at the end of September 2016 but still well below the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all residential property sales amounted to $28.1 million in September 2017, falling 14.2% from a year earlier.

Sales of all property types numbered 87 units in September, down 26.3% from the same month in 2016. The total value of all properties sold was $30.4 million, down 8.6% from September 2016.

The B & B Team had a Halloween contest this month participants had to guess how many candy’s were in the jar, like our page, share & comment  for a chance to win a $50.00 gift card to the Winner!
Congrats to …….
Rod & Amy Yallup Enjoy your gift card!
Thank you all for participating by liking, sharing & commenting. Continue to follow & watch our videos for more fun contests!
Congrats to our Sellers & Buyers
Even though the market is slowing down we have been keeping busy
Ridgewood , Lakeview & Amanda
New Listings from the B & B team Contact us today for a viewing
741 Spitfire , Woodstock Listed at $489,900
444 Fairway Rd, Woodstock Listed at $669,900
535 Crestwood Crt, Woodstock Listed at $ 599,900