Coldwell Banker R.M.R. Real Estate, Brokerage

Coldwell Banker R.M.R. Real Estate, Brokerage

Friday, 3 February 2017

Real Estate Stats: Durham Region, Uxbridge and Scugog

January 2017

Durham Ends 2016 Leadings

GTA in Average Selling Price


Durham Region Association of REALTORS® (DRAR) President Roger

Bouma reported 528 residential transactions in December 2016, a 4 per cent

decrease from the same time last year. “Real estate transactions tend to slow

down around the holidays,” stated Bouma. There were 411 new listings in

December 2016 compared to 512 in December 2015. The average selling price

in Durham reached $570,957 last month. In comparison, the average selling

price was $451,671 during the same period last year; a 26 per cent increase.

From the Toronto Real Estate Board Market Watch, January 2017

Uxbridge had the highest

increase in year-to-date average selling price growth with a 31 per cent

increase from 2015. The second highest increase was Oshawa at 27 per cent,

and third highest was Brock and Clarington at 21 per cent. Durham Region is

also selling the quickest in the GTA with a year-to-date average of 12 days-on-

market, 3 days quicker than Peel Region and 4 days quicker than York Region.

Ajax, Oshawa, and Whitby sold the quickest in Durham Region with an average

of 10 days-on-market.

Thursday, 3 November 2016

Real Estate Stats GTA/Uxbridge

October 2016 Home Sales Up Year-Over-Year
GTA is setting a Record Pace!

TORONTO, November 3, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

“The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017,” said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a year- over-year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

“New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller’s market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis. 

UXBRIDGE, November 3, 2016  - The average selling price for all home types for the Township of Uxbridge combined was $745,988 - up 22.7% year-to-date.   There were 31 sales reported in October compared to 36 in October 2015 down 14%.  New listing for the month were 42 compared to 40 in October 2015 and increase of 5%.  However there were 82 active listings in Uxbridge for October 2015 well over the 53 listings on the market in 2016.   With the tight supply prices are still increasing and homes are selling quickly (the average days on market October 2016 are 17 days, 10 days shorted that in 2015)

From the Toronto Real Estate Board Market Watch, October 2016