Durham Region Realty Blog

Real Estate News Oshawa | Whitby | Clarington | Scugog | Ajax | Pickering

John Owen, Broker | 905-434-0067

Durham Region Real Estate Sales Report November 2018

Durham Region Real Estate Prices 2018


Durham Region's real estate market finished November with lower sales volume, but with gains in selling price in most areas.

Price

Prices in Durham Region increased 2.7% over November of 2017 and 0.2% since October 2018. The slight gain from October is in contrast with the overall TREB market, which posted a 2.4% decline.


Average prices for all of TREB were 842,483 showing an annual gain of 5%, as shown in the above chart (red line). The seasonal winter and summer dips are clearly visible in the TREB price line.


Durham Region (blue line) prices have also increased yearly, though with much less volatility than the TREB numbers showed in the seasonal trends.


The Toronto Real Estate Board's (TREB) latest market statistics show the average Durham property at $590,403  - up from last month's 588,968 by $1,435 (0.2%).


Search Durham Listings with sold prices


Inventory


Active listings in Durham Region were 1772 in November. That is a 0.4% drop from last year, but a huge drop of 14.9% from October. As I predicted last month, the drop in active listings did impact pricing for November, and may well continue that trend into the winter months.


It also aligns with the overall TREB market, which had a 13.2% decrease in active listings from October.


Toronto's active listings fell 12.7% from October, so they may also see higher pricing in December than typical.


Demand

Sales volume in Durham Region dropped 17.0% from last year with 730 units sold versus 879 last November. It was down from this October by 8.5%. Most communities in Durham showed a monthly increase, except Oshawa, which was up 4.7% since October.


The time a property takes to sell is called DOM or days on market. It was 27 in November, showing a good pace to sales for this time of year.


Another indicator of demand is sale price compared to list price. It was 98% in Durham in October, again showing good levels of demand.


These factors combined are a good barometer for sellers, as it shows that not only is current inventory moving at a good pace, but it is also selling at a price that is very close to asking.

Prices By Home Style

Durham Region Real Estate Prices

 

GTA Condo Prices

Durham Region Townhouse Prices

What are homes selling for in Durham Region Cities?

 Oshawa Real Estate Market Update


Oshawa showed strong results with a 5.4% annual increase in price. It showed a 0.5% increase monthly. Volume was down 14.3% annually but 4.7% monthly.


Whitby Real Estate Market Report


Whitby had a 3.7% annual price gain, combined with a monthly price drop of 2.6%. It had a 25.6% annual decrease in sales volume and a 12.6% monthly drop. There is still good value here compared to the west.



Clarington Market Report


Clarington continued to show good results with a 4.9% annual price increase, combined with a 0.8% increase from October. Volume was down 23.4% from last November, and 19.2% from this October.



Ajax Market Report


Prices dipped 1.5% annually in Ajax and were up 4% monthly. Volume fell 7.4% annually and 8.9% monthly.


Pickering Real Estate Market Report


Pickering had a 3.1% increase in price year-over-year and 4.6% monthly. It had a drop in volume of 10.5% annually and 6% monthly. 




If you are interested in seeing values for an area not shown or are interested in other figures, please comment below or send me an email - John@JohnOwen.Realtor   As always, give me a call anytime if you would like to discuss further without any obligation.        



Older Reports

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017 

March 2017

February 2017

January 2017

December 2016

November 2016

October 2016

September 2016

August 2016

July 2016

June 2016

May 2016

April 2016


Member, Canadian Real Estate Association (CREA), Ontario Real Estate Association (OREA), Toronto Real Estate Board (TREB).

      

Comments:
No comments

Post Your Comment:

How can I help you?