August Real Estate Sales Durham Region and Uxbridge

Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 822 residential transactions in August 2017, a 9.75% increase over the previous month.

August also saw a 16.2% increase in the number of new listings in Durham (1,497), compared to the 1,288 new listings reported in August 2016.

“We continue to experience a healthy balanced market,” said Bouma. “The average house price in August in Durham is $587,172, which is down 16.5% from the highs reached in April, but slightly higher (3%) than the previous month of $569,748 and an 8.3% increase over the same period last year.

“Home ownership continues to be a good investment,” said Bouma. “It remains the only investment that you can live in, raise your family and make memories, while ensuring a nice return over time.” He added, “Durham Region continues to be a great place to buy, offering some of the best real estate value in the GTA.”

UXBRIDGE August 2017

In August the Average Sale Price in Uxbridge for the month was $725,316, down 4.72% from the same month a year ago, and down 6.14% from July 2017, but still an increase of 17.02% over the same period last year.

19 homes changed hands in August down 15 from August 2016.  

Active listing where up however to 86 from 50 a year ago.   Of those 86, 50 where new listings.

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January 2017

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GTA in Average Selling Price

Growth

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.