Join us in Port Perry This weekend for an Open House at 15093 Old Simcoe Rd. On Saturday from 3-5 pm
Lovely 4 Bedroom Ranch Style Bungalow that has been completely renovated – New Kitchen, New 3 Piece Master En-Suite, New Roof, 2 Car Detached Garage, Massive Pool Sized in Town Lot.
This Home is close to School Amenities, shopping and Historic Downtown Port Perry.
Join us on Saturday from 3-5 pm At 15093 Old Simcoe Rd in Port Perry and check out all this home has to offer.
Scott Roy, Sales Representative
REMAX JAZZ Inc. Brokerage
21 Drew Street, Oshawa, Ontario
(905) 728-1600 Office
(905) 435-7355 Direct
Article Taken Directly from the Durham Region Association of REALTORS® (DRAR) February 2017 Newsletter
Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 595 residential transactions in January 2017, a 17 per cent increase from the same time last year. “Strong demand and low inventory are a few key factors in the booming price growth in Durham Region,” stated Bouma. There were 735 new listings in January 2017, a 7 per cent decrease compared to 788 in January 2016. “We’re seeing record highs in average selling price in January,” said Bouma. The average selling price in Durham reached $608,417 last month. In comparison, the average selling price was $446,117 during the same period last year; a 36 per cent increase. Homes have continued to sell quickly in an average of 15 days compared to 23 days last year. “This is a story that will continue to make headlines as strong price growth, short supply, and low interest rates continue in 2017,” said Bouma. In the past 10 years, the Durham Region’s average selling price has more than doubled, from $257,850 in 2006 to $533,828 in 2016. “There is no doubt that the Durham Region will continue to grow as we enter 2017, we’re already seeing a dramatic increase from the same time last year.” “The province-wide news that Durham Region will be receiving more funding from the gas tax program for transportation infrastructure is just another example of the great quality of life for families that live or wish to live in Durham,” said Bouma. Minister of Transportation Steven Del Duca announced on February 1 that Durham Region will be receiving approximately $10 million by 2019. “This news, coupled with the extension of the 407 east to the 115, the expansion of the GO Train, and the affordability of living, makes Durham Region one of the hottest markets in Ontario.
Durham Region is quickly becoming a very desirable place to be and Live! I can think of so many reasons why families are looking eastward from Toronto. The two very prominent reasons for this recent increase in demand are the fact that prices in the area remain very much in reach for many first time home buyers and move up buyers in the Toronto market. That combined with the extension of the 407 ETR out to Harmony Rd. in December 2015 will vastly reduce travel times into Toronto, Person Airport and other surrounding communities that now employ a great deal of people such as Mississauga, Vaughan and Richmond Hill.
In a recent article in the Port Perry Star I was surprised to see that the Township of Scugog which is where Port Perry is located, actually has the highest average selling price in Durham Region for 2015 so far at $596,201. The article also stated that Scugog township shot near the top of the list for single detached homes with an average cost of $614,000 second to Pickering with an average selling price for a single detached home at $615,000.
There are many factors that will influence average prices; Overall population and the type of housing available to buyers in those cities, communities or towns will have a major impact. Take for example Oshawa which has a greater mix of housing types with Semi Detached, Townhomes, Condo Apartments and Single Detached homes compared to a town such as Uxbridge or Port Perry where the resale market is dominated by larger Single family detached homes and not a lot of Townhomes or Semi Detached homes available for buyers.
The article also went on to talk about current inventory levels not being at the same level as demand from buyers, which results in a bit of sellers market. Even though there was a 6% increase in the number of residential transactions so far in 2015 demand from Buyers still outstrips the current inventory levels. Many buyers who have been involved in multiple offers will remain in the market and will probably be even more active once this cold and snow is gone. Many industry leaders across the region are pointing to the economy (lower Interest rates), the lower Canadian Dollar and strengthened exports to continue fueling better job possibilities which will in turn continue to drive this very active real estate market.
The Entire Port Perry Star Article can be found by Clicking Here
If you would like more information on your own neighbourhood or community I would be happy to help. Please feel free to contact me:
RE/MAX JAZZ Inc. Brokerage
21 Drew St. Oshawa, Ontario
(905) 728-1600 or (905) 435-7355
I am proud to be a part of a great organization such as RE/MAX Jazz Inc Brokerage and at times likes this I am even more enthusiastic about our organization and our role in supporting the local community. Noel Coppins, our Broker owner has single handily created a new local childrens charities that will directly help local children’s charities.
RE/MAX Jazz Inc. is thrilled to unveil WEE/MAX Children’s Charities, an exclusive and proprietary landmark umbrella covering all of the philanthropic endeavours in the local community by the RE/MAX Jazz family of REALTORS®.
Specifically, RE/MAX Jazz is partnering with the Pediatric Wing of Lakeridge Health in Oshawa
to financially assist with replacing and updating the critical equipment their littlest patients rely on each day. For 2015, RE/MAX Jazz is committed to purchasing a much needed Infant
Resuscitation Unit for the neonatal ward. As moments are precious to the immediate needs of tiny patients, an Infant Resuscitation Unit is of paramount importance to achieving positive outcomes for high-risk newborns. RE/MAX Jazz, under the WEE/MAX banner, will be a supporter of our local hospital and is committed in raising the necessary funds Lakeridge Health needs to provide advanced health care to our community’s children.
When you choose a RE/MAX Jazz real estate professional, you are contributing to this most worthy cause!
As leaders in the marketplace, RE/MAX Jazz recognizes that a lifestyle of active giving and intentional community involvement is not only commendable, but necessary. Many local children’s initiatives will fall under the WEE/MAX brand, including Big Brothers/Big Sisters of Durham, Grandview Children’s Centre, Community Living and more, all of which have already benefited from the generosity and compassion of RE/MAX Jazz sales representatives. The WEE/MAX Children’s Charities logo will be displayed boldly on lawn signs and advertising across the Durham Region — a proud beacon of hope to the residents of this community.
WEE/MAX Children’s Charities
Championing Children’s Lives Here At Home.