The following article was taken from the Woodstock-Ingersoll District Real Estate Board of which I am a member.
Comparitive Statistics - December 2010
Home Sales Stabilize
Woodstock, Ont. –The number of homes sold through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board came in slightly below year-ago levels in November 2010, but nevertheless posted a solid result for the month.
Home sales numbered 80 units in November 2010, down six per cent decline from the same month last year. It was a fairly normal level for November sales, on par with a ten-year average for the month. On a year-to-date basis, home sales remain 13 per cent above the same period from 2006, and continue to run ahead of 2008 levels as well.
“The market continues to show signs of stabilizing at more normal and sustainable levels,” said Lorna Corbett, President of the Woodstock-Ingersoll & District Real Estate Board. “Activity is currently running about halfway between the near-record setting pace we saw earlier this year, and the recessionary low back in early 2009.”
The average price of homes sold in November 2010 was $201,681. This represents a decline of 3.6 per cent from November 2009. Despite some month-to-month noise in the data, the average sale price has generally been flattening out. The less volatile year-to-date average price figure remained 3.5 per cent above levels reported over the first 11 months last year.
The best selling home style in Woodstock was 2-storey homes with an average price of $249,843.00, whereas the best selling home style in Ingersoll was the Bungalow with an average price of $165,967.00.
The dollar value of all residential property amounted to 16.1 million in November 2010, down nine per cent from year-ago levels.
Total sales numbered 84 units in November, a decrease of six per cent from the same month last year. The total value of all properties sold was 18.2 million, also down six per cent from November 2009.
If you wish to view the listings currently on the Woodstock-Ingersoll & District Real Estate Board, as well as information pertinent to Sellers and Buyers please go to www.widreb.ca
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