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There are currently 256 listed for sale. The average selling time of a house here is 26 days. The market for houses in Woodstock is tilting in favour of buyers over sellers.
Woodstock's most popular neighbourhoods are Woodstock. We assess how much interest there is for a neighbourhood by looking at various statistics. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.
Woodstock's most priciest neighbourhoods are none available. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you can't afford a home in Woodstock's most expensive neighbourhoods - check out other areas which offer better value, including Woodstock.
none available are Woodstock's cheapest neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. In comparison, the average house in Woodstock is selling for about $649,481.
Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Woodstock. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. This tax is not necessarily dictated by the size of your house, which is what many Woodstock homeowners tend to believe. But rather, the city's tax rate is multiplied by the property's current market value - and that can fluctuate year-to-year based on recently sold homes. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.
If you're seeking a new place to call home Woodstock, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. In addition to listing details, imagine having the ability to search historical data for every property in Woodstock. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.
With a walk score of 20, most Woodstock residents typically require a car to get around. Meanwhile, the transit score is 23, making it more challenging to get around the city using public transportation. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 38.
When looking for a house in Woodstock, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. Closing costs cannot be rolled into your mortgage. But rather, these are charges paid upfront on the day of closing. To be safe, budget about 2% of the purchase price. For instance, if you're buying a Woodstock house for $800,000 - then at least $16,000 should be set aside. In Canada, all buyers are required to pay a land transfer tax when closing on a property. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. Finally, a Woodstock real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.