Ben  Sage

Ben Sage

Broker

RE/MAX a-b REALTY LTD. BROKERAGE

Mobile:
519-532-1295
Office:
(519) 536-7535 ext. 487
Email Me
Ben  Sage

Ben Sage

Broker

RE/MAX a-b REALTY LTD. BROKERAGE

Mobile:
519-532-1295
Office:
(519) 536-7535 ext. 487
Email Me

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January 2019 Woodstock Ontario Real Estate Market Report

Status quo for Woodstock in December...

In the month of December, the Woodstock real estate market experienced no real changes to the status quo. The number of properties sold in December was 38, which was down just one home from the same time last year, while the active inventory ticked upwards from 85 last December to 89, a gain of 4.7%. The average sale price in Woodstock was a lofty $378,087 this December, which was up 15.6% from last December's average sale price of $327,046.The Median sale price also showed 13.2% gain over December last year, at $373,500.

Steady as she goes is the market prediction through the slower winter months. The number of homes available drops, and the number of active buyers shopping also drops. It remains a strong market for sellers, and difficult for buyers, especially those shopping in price ranges under $400,000. The excellent upgrade opportunity first referenced on our market reports back in September still exists, where incredible demand for homes under $400k provides the opportunity to negotiate from a position of strength on your existing home (75% of homes are selling below $400k), and also on the purchase end (only 25% of homes sell above $400k).

 

Featured Listings

Latest Blog Posts

  • What is CAP-X?

    12 hours 18 min old

    There are different schools of thought when it comes to evaluating investment real estate.  Som...e people just want to know if it is "cash flow positive."  Some people are looking at the CAP rate, and some more-savvy investors might want to know something called the CAP-X rate.  

    [Read More...]

  • Do you have a Pension?

    12 hours 20 min old

    Do you have a company pension?  I don't.   That's why, several years ago, I sta...rted buying investment real estate. My goal is to own $2,000,000 worth of investment real estate by the time I retire.  The logic is simple. If you can buy early, and often enough, you should be able to own, free and clear, $2m worth of real estate by retirement age. 

    [Read More...]

  • Not Seeing MLS® Listings in your email inbox?

    12 hours 29 min old

    If you're seeing this blog post, it's likely that you have signed up for an MLS® search ...account, but are not yet seeing any listings delivered to your inbox.  There are a few different reasons this may be happening.

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  • Investing Basics: What is Cap Rate?

    1 week 11 hours old

    Cap Rate is used in Commercial and Investment Real Estate to determine the return on investment... (ROI) of a given property or portfolio, and can be extremely useful when comparing different investment properties.  Basically speaking, the Cap Rate is expressed as a percentage, and is determined by subtracting the difference between GROSS OPERATING INCOME and OPERATING EXPENSES to arrive at the NET OPERATING INCOME of a given investment. 

    [Read More...]

  • December 2018 Woodstock Ontario Real Estate Market Statistics

    1 week 4 days old

    Status quo for Woodstock in December 2018... In the month of December, the Woodstock real estate ...market experienced no real changes to the status quo. The number of properties sold in December was 38, which was down just one home from the same time last year, while the active inventory ticked upwards from 85 last December to 89, a gain of 4.7%. The average sale price in Woodstock was a lofty $378,087 this December, which was up 15.6% from last December's average sale price of $327,046.The Median sale price also showed 13.2% gain over December last year, at $373,500.

    [Read More...]

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