First Quarter Market Statistics
There has been a 13% increase in the average home prices within the Durham Region .
In March 2015 the average selling price reached $430,291.00 When compared to last year in March 2014 the average selling price was $380,267.00. Low Interest rates Are keeping home ownership insight for many people and the low rates have also allowed many to make that “Move Up” to a larger more spacious home even with the increase In home prices.
(Print out the PDF above to check out the stats for the area you live in)
Townhouses remain the strongest growth sector across Durham Region with that sector accounting 15.3 % increase in value when compared to the same time
Another contributing factor to this growth is the lower than expected inventory levels. Combine that with the fact that there are more buyers in market place today than last year and
continued lower inventory levels are causing Buyers to compete (sometimes aggressively) in order to acquire a property of their dreams. The Competition between the buyers has also had
a strong affect on the market place, All you have to do is look at the average list to sale price for 2015 at 101% compared to 99% in 2014.
Durham Region is still experiencing a strong sellers market, however, with the summer months not too far off we can anticipate a leveling off in the market place, possibly making it a
good time for buyers to continue looking while everyone else heads off on summer vacations and to their cottages.
If you know of any family members or friends who are considering selling their home or purchasing a home please have them contact me and I will be happy to assist them and provide the
Research, Knowledge and Market Insight they need.
Contact Me Today:
SCOTT ROY, Sales Representative
RE/MAX JAZZ Inc Brokerage
(905) 728-1600 Office or (905) 435-7355 Direct