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

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

     


I am a Real Estate Broker with RE/MAX a-b Realty Ltd., in Woodstock Ontario, focused on high quality Real Estate services. My experience selling homes is rich, and my results are unparalleled. My clients attest to my commitment to high quality service. 

In 2017, single family homes listed for sale by Ben averaged 104.1% of asking price, compared to the market average of 99.2%, and sold in an average of 12 days compared to the market average of 29. 

  • Platinum Club for Total Real Estate Commissions for 2017 & 2018
  • 100% club for total real estate commissions for 2010, 2011, 2012, 2014, 2015, and 2016. 
  • "Best Young Professional" award nominee for Woodstock District Chamber of Commerce, 2015
  • Retired Director & Committee member at the Woodstock, Ingersoll District Real Estate Board.
  • Recognized as a top donating individual for Children's Miracle Network, 2016 & 2017

The REAL Ben:

Born and Raised in Woodstock Ontario, I am intrinsically connected with the community. When I am not selling Real Estate for my clients, I can be found hanging out with my family. My wife, Amanda, my sons Nolan and Liam, and our mutt, Nori. 

My family enjoys biking the awesome trails around Woodstock, having dinner at one of the many Oxford County establishments, playing golf at one of the many area courses, and the accessible, inexpensive nature of life in Woodstock.

My rural life keeps me busy, maintaining and upgrading our home just outside of the city. When I have spare time, I like to listen to music, play some guitar or video games, and stay up to date on the latest memes. 

My family loves to travel, and recent trips include a bucket-list-checking voyage to New Zealand and Australia in 2018, a road trip to Acadian Shores Nova Scotia the year before. Upcoming goals include another east coast visit to PEI and New Brunswick. 

We love visiting the family cottage in Port Loring, On, where I pretend to know how to catch pickerel and wakeboard. Really I just secretly like quiet hours floating on a lake. 


One thing I need to mention, though, since you've read this far, is that the true joy I get from my position as a Real Estate Broker, is crafting excellent strategies to capitalize on current market conditions for the benefit of my clients. Taking an idea, strategizing to minimize stress and maximize opportunites given in the market, and turning it in to a reality brings me great happiness. Let's get happy together! 

Specialty: New Residential Construction, Luxury Homes, Investment Properties
Awards: 2017, 2018, Platinum Club, Hall of Fame
Area Covered: Woodstock, Ingersoll, Norwich
Languages Spoken: English
Janice  Costa Janice  Costa

Janice Costa

Sales Representative

Mobile:
519-209-2678
Office:
(519) 536-7535 ext. 421
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

February 2019 Woodstock Market Report

What happened in the Woodstock market in February 2019?  

Strong Sellers Market conditions continued! That's what! 

 

The Number of homes sold continued to be sluggish, largely due to low inventory.  I know there are plenty of buyers who are competing against eachother to pick up properties, with one home receiving 13 offers and selling almost 10% over asking price.  So the strong sellers market conditions continued in Woodstock last month.

The Number of homes sold was down 4% from Feb last year, to 46. 

The amount of available inventory was up a massive 33.8% to 99 homes for sale but this isn't anywhere near enough to satisfy the demand that exists in the market.  This is still historically a VERY low level of inventory.  

The absorption rate is just a hair over 2 months, meaning if no new properties are listed for sale, at current demand, we would run out of houses to sell in just over 2 months (2.15). This is the key indicator that determines that it is definitely still a sellers market.

The Average sale price climbed 25.5% over February last year to hit $381,695.

The heat is especially evident on "starter" homes, under $350,000.  GET THIS.... in February we had 20 homes sell under $350k, and at the end of February there were only 20 Actively for sale!!  A 100% turnover rate! 

Interestingly, looking at the price range between $350 - $400k, only 15% of homes sold in February, with only 3 sales, and 20 available for sale at the end of the month.  Strange, because homes priced between 400-600k sold at a rate of 46%.  

No correction in site yet. The market is a busy place, especially for homes listed under $350,000. Though, this month showed a very odd, surprisingly cool result between $350k-$400k, with only 15% of homes turned over in that price range. 100% turnover BELOW 350k, and 46% turnover between $400-$600k. A STRANGE anomaly!

Predicting the way forward in Real Estate is always difficult, but for the next couple of months it looks like strong sellers conditions will prevail. Weak performance numbers for overall growth in Canada for Q4 last year will no doubt tempt policy makers to HOLD interest rates for the time being, which will continue to propel higher sales prices and deepen the sellers market.

For information about how the market is affecting YOUR value, visit www.woodstockhomes.com and request a FREE desktop assessment!

As always, if you are wondering how this affects your market value, or if you have questions about the Real Estate market in general, I'm always here to help.  Give me a call or shoot me a text at 519-532-1295.  

Ben Sage, Broker

RE/MAX a-b Realty Ltd., Brokerage

www.woodstockhomes.com

 

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Have Questions?

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Call Ben:519-532-1295

   

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(519) 536-7535

   

     


I am a Real Estate Broker with RE/MAX a-b Realty Ltd., in Woodstock Ontario, focused on high quality Real Estate services. My experience selling homes is rich, and my results are unparalleled. My clients attest to my commitment to high quality service. 

In 2017, single family homes listed for sale by Ben averaged 104.1% of asking price, compared to the market average of 99.2%, and sold in an average of 12 days compared to the market average of 29. 

  • Platinum Club for Total Real Estate Commissions for 2017 & 2018
  • 100% club for total real estate commissions for 2010, 2011, 2012, 2014, 2015, and 2016. 
  • "Best Young Professional" award nominee for Woodstock District Chamber of Commerce, 2015
  • Retired Director & Committee member at the Woodstock, Ingersoll District Real Estate Board.
  • Recognized as a top donating individual for Children's Miracle Network, 2016 & 2017

The REAL Ben:

Born and Raised in Woodstock Ontario, I am intrinsically connected with the community. When I am not selling Real Estate for my clients, I can be found hanging out with my family. My wife, Amanda, my sons Nolan and Liam, and our mutt, Nori. 

My family enjoys biking the awesome trails around Woodstock, having dinner at one of the many Oxford County establishments, playing golf at one of the many area courses, and the accessible, inexpensive nature of life in Woodstock.

My rural life keeps me busy, maintaining and upgrading our home just outside of the city. When I have spare time, I like to listen to music, play some guitar or video games, and stay up to date on the latest memes. 

My family loves to travel, and recent trips include a bucket-list-checking voyage to New Zealand and Australia in 2018, a road trip to Acadian Shores Nova Scotia the year before. Upcoming goals include another east coast visit to PEI and New Brunswick. 

We love visiting the family cottage in Port Loring, On, where I pretend to know how to catch pickerel and wakeboard. Really I just secretly like quiet hours floating on a lake. 


One thing I need to mention, though, since you've read this far, is that the true joy I get from my position as a Real Estate Broker, is crafting excellent strategies to capitalize on current market conditions for the benefit of my clients. Taking an idea, strategizing to minimize stress and maximize opportunites given in the market, and turning it in to a reality brings me great happiness. Let's get happy together! 



Specialty: New Residential Construction, Luxury Homes, Investment Properties

Awards: 2017, 2018, Platinum Club, Hall of Fame

Area Covered: Woodstock, Ingersoll, Norwich

Languages Spoken: English