Durham Region Real Estate Blog - John Owen

10 Hottest Neighbourhoods in Durham Region Real Estate

If you have noticed more homes for sale recently in the Durham Region real estate market, you aren't alone.

Prices have dropped about 10% from their high point across the region a couple of months ago, and competition among buyers isn't as intense as it was at that time.

There are, however, a number of hotspots that are still showing very strong numbers, and we will explore them in this article. The numbers are for the month of April, across all residential property types.

Neighbourhoods are ranked using sale price to list price ratio, as that figure illustrates how strong the competition among buyers is for listings. The average for all of Durham was 16.6% above list price so far in April.

10. Oshawa - Samac

North Oshawa has been a hotbed for the Durham home market for years, and the Samac neighbourhood is running hot. With an average selling price of $936K, an average days on market of 9.33 and sale prices running at 20.7% of list, it remains a strong contender for Oshawa home sales.

9. Whitby - Williamsburg

Next on our list is Williamsburg in North Whitby. Selling prices here averaged 1.219 million, with 5.63 days on market and sale prices at 122.1% of list.

8. Pickering - Town Centre

Homes in Pickering's central Town Centre area sold on average for 822K, with 3.5 days on the market and sale prices at 122.3% of list.

7. Oshawa - O'Neill

O'Neill is a great area for both location and moderate pricing of homes. So far this month, they are selling for 836K, with 6.25 days on the market and sale prices at 122.5% compared to list.

6. Ajax - Central East

Another area with modest pricing compared to the north is Ajax's Central East. WIth the average home selling for 1.057 million, 7 days on market and sale prices at 124.4% versus list price, it has plenty of buyer appeal.

5. Whitby - Lynde Creek

Starting off the top 5 is Lynde Creek in west-central Whitby. There are a lot of newer homes in the west part of this area. As a result, prices are higher than most in this list, averaging 1.343 million. They were on the market for 4.83 days and sold for 126.9% of list price, on average.

4. Clarington - Courtice

It's no surprise that Courtice makes this list, with small-town vibes and lots of city amenities and 400-series roads nearby. Prices averaged 1.008 million, with 6.94 days on market and sale prices at 128.7% of list.

3. Oshawa - Vanier

Our top 3 begins with Vanier, in Oshawa's west above the 401. A lot of older homes in this area make for modest prices, which are in particular demand. Sale prices average 692K, with 9.4 days on market and sale prices averaging 128.8% of list price.

2. Oshawa - Lakeview

Another Oshawa community takes spot number 2 on our list. Lakeview is in central Oshawa south of the 401. Sale prices averaged 754K, with 6.1 days on the market and sale prices at 130.4% of list.

1. Whitby - Port Whitby

Number one on our list is Port Whitby, which is on the west side of Whitby south of the 401. This a great area with plenty of reasons for its popularity. The lakefront, GO station, community centres and nearby conservation areas make it a high-demand spot. Prices averaged 1.042 million with 5.7 days on the market and sale prices at 130.4% of list.

Here is a chart showing all of the communities in Durham. A lot of the places at the bottom of this list are in higher priced or northern parts of the region. For buyers, these areas may offer less stressful options for competition on listings compared to the ones closer to the top.

Hot Communities in Durham Region real estate

If you are considering a sale or purchase in this market, it pays to speak with an experienced, knowledgeable professional. Please contact me to have a free consultation or home evaluation.

John Owen, Broker
RE/MAX Impact Realty, Brokerage

John Owen, RE/MAX Courtice

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