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.
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).
Ben Sage, Broker
RE/MAX a-b Realty Ltd., Brokerage (Independently Owned and Operated Brokerage)