Durham Region Real Estate Blog

Spring definitely brings on the desire to move. The ice in our pond is moving south and east, pushing huge ice pieces up onto the banks and clearing out room in the middle of the pond. Birds are starting to move into the trees. Soon the ducks and geese will move in. Temporary rentals for our fine, feathered friends as these early birds are will just hang out until there are more suitable accommodations ready for them farther north. The resident rabbit has moved on from our front garden to the grass on the front lawn. Moles have been busy moving my crocuses to who-knows-where. And the people are moving too.

O.k. well not these people! Blair and I are quite content on our little lot in Courtice. But others are on the move. 653 people purchased a home in February, 2011 in the Durham Region, from Pickering to Newcastle and north to Port Perry. That’s up 29% from the numbers we saw in January, 2011. February sales are down 20% year over year, but last year saw a big rush to purchase prior to the implementation of the dreaded HST. Prices are up though. We’ve seen an average price increase of 5% and the number of new listings for the month was down.

Sellers are selling and buyers are buying. That’s a balanced market for sure. We expect that those people who were thinking of selling in 2010, but who were holding off until they saw improvements, will choose this spring to dip their toes in the market. More buyers will come out now that the temperature is rising and our snowbirds are returning. Which brings me back to my original thought; everything is moving around here.

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