Woodstock, Ont. – The number of homes sold through the MLS® System of the Woodstock-Ingersoll and District Real Estate Board are on par with year-ago levels in March 2010 and up 41 per cent from February 2011.
According to statistics provided by the Board, home sales numbered 123 units in March 2011 with sales totalling $26.3 million. Of the units sold 112 were Single family homes and 10 were Condominiums. "Last year, in March 2010, we saw the market start to pick up momentum with the looming threat of increased interest rates; the introduction of HST; and changes to the mortgage rules. So being on par with last year is a positive sign that our local market is very stable and a stable market is a positive indication of recovery,” comments President Goldhawk.
The overall dollar value of homes sold in March 2011 is up 4 per cent from March 2010. Edging the residential sales price average up 4 percent to $213,862 compared to year-ago levels. “The increase can be attributed to 28% of homes sold in March were selling at a price of $250,000 or greater. When examining the median price of homes sold in March, the price is $209,900 a difference of 2 per cent from the average sale price and a better more realistic representation to what we are currently seeing in our market,” commented President Goldhawk.
The best selling residential home type for Woodstock and Ingersoll was the 2-Storey and Bungalow respectively. The total sales numbered 124 units in March, down seven per cent from the same month in 2010. The total value of all properties sold was 26.4 million, down four per cent from March 2010.
New listings on the Board’s MLS® System numbered 269 units in March 2011, a decrease of 9 per cent from a year earlier. Seasonally adjusted new listings have been trending downward since peaking a year ago.
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
SOURCE: Woodstock-Ingersoll District Real Estate Board