Clarington Real Estate Sales Report - September 2016

Clarington Real Estate Sales September 2016


Clarington was once again one of Durham's best performing markets in September 2016 with an average residential price gain of 28.8% over September of last year. The Toronto Real Estate Board's (TREB) latest market stats put the average property selling at $488,725 - substantially up from last year's 379,466.

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The average selling price of homes in the GTA this September  was $755,755.   This represents a 20.4% increase over 2015.  Sales jumped 21.5% and new listings dropped 5.6% from last year.

Active listings were down a huge 36.6%, which shows a tremendously strained inventory that makes for incredible demand on the listings out there and resulting in bidding wars galore on well-prepared properties.

Clarington Real Estate Sales September 2016

The MLS Home Price Index helps to normalize the statistics, by adjusting sales statistics to represent typical homes within MLS areas.  When using these numbers, Clarington showed a composite annual gain of 25.56%, compared to the TREB average of 17.97%. 

Inventory levels continue at very low levels with 1.3 months of inventory on hand across the board.  This means that a current sales levels, all of the property would be bought up in the GTA in 1.3 months (if no new listings were added).    Many areas within the GTA have similar figures, but unsurprisingly to those who read my reports, Durham Region still has the lowest inventory in the entire area.  Overall, there is only 0.8 months inventory in the area.  In Clarington, there are just 0.6 months inventory. Many home prices and types are experiencing bidding wars.   

The average listing in Clarington spent 12 days on the market, with 10 days in Oshawa and 9 in Whitby. The TREB average was 16 days.

The average listing sold for 103% of asking, again demonstrating that demand is very strong, and a clear indication of multiple offers on many listings.

If you are interested in seeing values for an area not shown, or are interested in other figures, please comment below or send me an email - John@JohnOwen.Realtor   As always, give me a call anytime if you would like to discuss further without any obligation.          


Older Reports


August 2016 

July 2016 

June 2016

May 2016

April 2016





Member, Canadian Real Estate Association (CREA), Ontario Real Estate Association (OREA), Toronto Real Estate Board (TREB).


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