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 February 2011. According to statistics provided by the Board, home sales numbered 87 units in February 2011, rising 20 per cent from January 2011 and 2 per cent from February 2010. The overall dollar value of homes sold in February 2011 up 11 per cent from February 2010 edging the residential sales price average up 8 percent to $218,165.71 compared to year-ago levels. “This increase can be attributed to 27% of the homes that sold in February were sold at a price of $250,000 or greater,” commented President Goldhawk.
“February was another strong month for home sales in the Woodstock-Ingersoll & District Real Estate Board’s jurisdiction and a great continuation of the strong start we have seen in 2011,” commented President Goldhawk. “The housing market and buyer psychology is different now than it was at the beginning of last year, so buyer and sellers would do well to consult their REALTOR® to understand local market trends”. The best selling residential home type for Woodstock is the Bungalow, with an average price of $182,088. The best selling residential home type for Ingersoll is the 2-storey home with an average selling price of $205,167. New listings on the Board’s MLS® System numbered 161 units in February 2011, a decrease of 10 per cent from a year earlier. Seasonally adjusted new listings have been trending downward since peaking a year ago. The total sales numbered 90 units in February, on par with the same month in 2010. The total value of all properties sold was 20.1 million, down five per cent from February 2010. If you would like to see the full WIDREB Statistics Package click here.