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
May has come and gone and there was no shortage of buyers here is Durham Region!
DRAR or Durham Region Association has released numbers for may and they are both good if you are looking to sell. The current president of (DRAR), Sandra O’Donohue, has stated in her report that 1,445 residential transactions took place in May 2016. This represents an increase of 8.7 per cent compared to the same period last year. Sandra was quoted as saying “There is no shortage of buyers in the market today,”
In contrast, there were 1,790 new listings in May 2016 compared to 1,851 May 2015; a 3.4 per cent decrease. This is the main reason for why prices have risen and the number of offers on some homes has increased into double digits. “Home prices have shown strong year-over-year increases in the Durham Region,” added O’Donohue.
The average selling price in Durham reached $531,051 last month. In comparison, the average selling price was $449,837 during the same period last year. This represents a 15.3 per cent increase. Similarly to last month, the continued increase in prices has caused homes to sell faster, selling in an average of 11 days compared to 15 days last year.
Buyers are more frequently having to remove conditions prior to making an offer, which in some cases makes the Buyers more prepared. Simply put Buyers have to know exactly what they are qualified for and many are now taking the advice of having a preemptive home inspection completed prior to making an offer. A Preemptive Home Inspection is done in just under an hour and looks at only major components of a home simply to give buyers that extra piece of mind.
Stats and Figures are taken from the DRAR Durham Region Association of Realtors monthly E bulletin for June 2016.
For additional information on the current real estate market please feel free to contact me directly:
RE/MAX JAZZ Inc. Brokerage
21 DREW STREET, OSHAWA ON L1H 4Z7
(905) 728-1600 Office
(905) 435-7355 Direct
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.