Durham Real Estate Market Update

By: Armando Murga

Durham Real Estate Market Update

Tags: Armando Murga, RE/MAX Jazz, Durham, Real Estate Market, Homes, Real Estate, Pickering, Ajax, Whitby, Oshawa, Courtice, Bowmanville, Newcastle

Durham market has experienced a strong rebound as home sales continue to hit record results this summer. We have an increased demand for housing. this activity reflected in the average days on market. In August, the average days on market reached 14 in comparison to the average of 29 days reported in August 2019. The average price in Durham Region reached $734,136 a 19.5 per cent increased compar...Read More

Armando Murga, Jan 2020, Durham Real Estate Market Update

By: Armando Murga

Armando Murga, Jan 2020, Durham Real Estate Market Update

Tags: Armando Murga, RE/MAX Jazz, Durham, Real Estate Market

  With all the news about interest rates, housing sales, and forecasts, you might think that the real estate market is a bewildering place. In some ways, you’d be right! The market is certainly active. There’s a lot going on.  Durham Market has an increase of 9 % Average Home Sale Price, for the year. But, it would be a mistake to let all that noise discourage you from maki...Read More

May 2016 Real Estate Statistics

By: Armando Murga

May 2016 Real Estate Statistics

Tags: Homes in Durham, Real Estate Statistics, Sold by Armando

Home values have shown strong 2016 year increases in Durham Region. Home Prices have 15.3 % increase from last year, demonstrating a continual upward pressure in pricing. Similarly to last month, the continued increase in prices has caused homes to sell faster, selling in an average of 11 days. This is a positive economic indicator.  ...Read More

April 2016 Durham Real Estate

By: Armando Murga

April 2016 Durham Real Estate

Tags: Homes in Durham, Real Estate Statistics, Sold by Armando

For April 2016, Durham Region continued in high demand, average prices are continuing to rise, because of our Healthy economy grow in Durham and with less homes available for sale. We are seeing a 18.1 % increase in price from last year. Which means that the homes are selling faster. The low interest rates are helping affordable home ownership. With our Go Train system going to Toronto every 15 mi...Read More

March 2016 Durham Real Estate Statistics

By: Armando Murga

March 2016 Durham Real Estate Statistics

Tags: Homes in Durham, Real Estate Statistics, Sold by Armando

Durham Region Association of REALTORS® (DRAR) reported 1,166 residential transactions in March 2016. Compared to March of 2015, we have seen a 7 per cent increase in the number of sales. To contrast, we have seen a 3 per cent decrease in the number of new listings. There were 1,474 residential homes listed in March 2016, compared to 1,527 in March 2015. The average selling price in March 2016 ...Read More

By: Armando Murga

February 2016 Durham Real Estate Statistics

Tags: Homes in Durham, Real Estate Statistics, Sold by Armando

Durham Region Association of REALTORS® reported 845 residential transactions in February 2016. In comparison to February of 2015, we have seen a 16 per cent increase in the number of sales. We have seen a two per cent decrease in the number of homes being listed. There were 1,053 residential homes listed in February 2016, compared to 1,085 in February 2015. The average selling price in Februa...Read More

By: Armando Murga

January 2016 Durham Real Estate Statistics

Tags: Homes in Durham, Real estate Statistics, Sold by Armando

Durham Region Association of REALTORS® reported 508 residential transactions in January 2016. We are right on par with the number of sales in January 2015, however, the number of listings has decreased substantially. There were 788 new listings that entered the market in January 2016 compared to 884 in January 2015. The average selling price in January 2016 was $446,117, a 9.2 per cent increas...Read More

By: Armando Murga

New Plaza North Oshawa in the Project

Tags: Real Estate in Durham, North Oshawa Plaza, Sold by Armando

Durham is becoming a great place to live.  There is a new Plaza North of Oshawa in development project.  Locate at Simcoe St and Winchester Rd. West, just South of the propose highway 407 extension, and close to the University of Ontario Institute of Technology (UOIT). The Plaza retail space is going to be able to accomodate up to 1.5 million square feet. According to the Demographics a...Read More

By: Armando Murga

New mortgage rules for homes over $500,000 in effect.

Tags: mortgage, first time home buyers

  Effective February 15, 2016, the  minimum down payment for new insured mortgages will increase from 5 per cent to  10 per cent for the portion of the house price above $500,000. The 5 per cent  minimum down payment for properties under or up to $500,000 remains unchanged.  Homes that cost more than $1 million still require a 20 per cent down payment. Examples:   ...Read More