Durham Region real estate is steaming right along. August MLS® reported 659 sales which is 25% less than the 875 reported in 2009. With new listings of 1205, up 3% year over year and on par with July, 2010. Average prices were up 12% to $312,290 from the $278,400 reported in August, 2009.
September reported 707 sales. 14% down from September, 2009 but the total year-to-date sales for the first three quarters of 2010 are 5.5% higher than the same period in 2009. With the record boom in sales we experienced in the early part of the year, the current lower than normal sales are unremarkable and anticipated. We should see a healthy year end results.
The average price in September was $296,395, 5% higher than 2009 and just shy of the 2010 year to date average of $300,182. The decrease in sales and in new listings is keeping the market stable, competive and supports a continued increase in average prices.
Tags: bowmanville real estate, courtice real estate, Durham Region Real Estate, home selling, oshawa real estate, property values, real estate, whitby real estate
November 5th, 2010 at 10:11 pm
Being we are a suburb of Los Angeles we have our fair share of foreclosures and bank owned homes. What is your markets percentage? Thanks.
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