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 little changed year-over-year in July

Residential sales activity recorded through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board numbered 129 units in July 2017, edging down just 1.5% (two sales) from a year earlier. This stood almost 15% above the 10-year average for the month.

Year-to-date home sales numbered a record 1,109 units over the first seven months of 2017, up 22.5% from the same period last year.

“The story so far this summer is that sales are still going very strong, just not as strong as they were over the record-smashing first five months of the year,” said Lesley Michie, President of the Woodstock-Ingersoll & District Real Estate Board. “Overall supply levels have ticked slightly higher from record-lows a few months ago, but the market still very much in favour of sellers at this point.”

The average price of homes sold in July 2017 was $333,591, rising 10.5% from July 2016. The year-to-date average price was $344,209, up 23.6% compared to the same month last year.

New listings numbered 161 units in July 2017, up 22% from July 2016.

 

Active supply is still trending near all-time lows. There were just 280 active residential listings on the Board’s MLS® System at the end of July 2017, rising 12.4% from levels at the end of July 2016. This was the first increase in inventories since March 2013.

There were just 2.2 months of inventory at the end of July 2017, up slightly from 1.9 months at the end of July 2016 but 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 $43 million in July 2017, rising 8.8% from a year earlier. This was a record for the month of July.

Sales of all property types numbered 132 units in July, edging down 2.2% from the same month in 2016. The total value of all properties sold was $44.9 million, up 11.1% from July 2016.

✏️Contest time!
Enter to win our back to school prize pack on our Facebook Page!!
The B&B Team want to help you out with getting ready for back to school to enter into our contest
1. Like our page
2. Share our page
3. Write in comment – Using one or few words tell us how your feeling about your child / children going back to school ?
We will be doing a draw for everyone who has entered correctly into the contest . Winner will be announced on our Facebook page by noon on Friday September 1st.
Good luck and enjoy the last couple weeks of summer break:)
THE B & B Team Donated to Supplies for Students in Oxford County 
Thank you, to one of our participants who entered in our Back to School Contest .
She had a fabulous idea of donating her prize if she wins our contest to Supplies for Students in Oxford County.
The B & B team have decided it was such a generous idea we have decided to donate 2- back packs and supplies.
If you would like to help out to children in need to get ready for school please go to the website below to see details about the organization and details about donating
http://unitedwayoxford.ca/supplies4students/
New Listings from The B & B Team
151 Falcon Dr, Woodstock
$589,900
3+1 Beds & 2+1 Baths
555 Tatham Blvd. Woodstock
$749,900
4+1 Beds & 3+1 BathsVisit our Website for more details:
https://bandbrealestateteam.com/our-listings/

Labour Day is all about taking it easy. Enjoy your one last long weekend as summer break comes to an end. All the best as you get back into the routine for Fall.
 

 

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