Durham Region Year End Review

Durham Region Year End Review

What a great year for buying and selling in the Ajax, Brock, Clarington, Oshawa, Pickering, Scugog, Uxbridge and Whitby areas.

Looking over the last 10 years, the average sale price has increased by almost 124%. That represents just under $338,000 increase per home. Did your other investments increase by this amount over this same time period? Not likely!

The average selling price for a home in Durham Region was $611,242. Just 5 years ago the average selling price was $391,692. Everyone knows that 2017 was a record year for home prices and last year we were just 3% under that record. Still not convinced that Durham Region is not a great place to invest!

Let’s look at our sales history compared to 2019. The highest year for listings sold was in 2016 with 12,654 homes sold. 2015 recorded the next highest year for listings sold with 11,848 homes sold and 2019 we recorded 10,634 homes sold. Still a great year for home sales overall.

We are in a New Year and New Decade and January and February are proving to be another great year. We are seeing multiple offers, homes selling over asking and lots of activity in the market place. If you’re thinking about Buying or Selling or if you know someone who would like to know what their home is worth, Give The Mash Team a Call. Our office number is 905-728-9414