Clarington's Top Performing Real Estate Areas Q3 2016

 

 

Clarington's Top Real Estate Areas

 

Considering buying or selling a home in Clarington? It would help to understand which MLS districts are performing best in the area.

This article shows which ones are doing best in the most recent quarter for which residential sales figures are available.

Rural Clarington +38.5%

The number one area in Clarington was Rural Clarington. The average one year increase here was exceptional at 38.5% with the average price in Q3 of 2016 being $664,038.  In Q3 of 2015 the average price was $479,293.

Providing substantially to the rise here is the 407 extension that is rapidly working its way through the area. It is expected to be open to east of Courtice, as well as the 418 link to the 401 by the end of 2017.

These two arterial links will provide timely access for Rural Clarington residents to the southern Durham areas, as well as to the Toronto area

Bowmanville +31.6%

In second spot was Bowmanville. With an average gain of 31.6%, the average price was $463,942 in Q3 2016 over an average of $352,571 last year.

Contributing to Bowmanville demand is a planned GO train extension and refurbishment project at Darlington.

Newcastle +23.8%

Third place was Newcastle. Prices gained an average of 23.8%, with a Q3 2016 value of $467,189 over last year's $377,303.

It's only a few minutes east of Bowmanville, with a small town feel.

Orono +23.5%

Fourth place went to Orono. Prices here rose 23.5% with an average selling price of $491,500 in Q3 2016 versus $398,071 in Q3 2015.

Courtice +22.9%

In fifth place was Courtice.  In Q3 2016 the average price was $500,081 compared to $406,943 in 2015.

Areas in the north will benefit from the opening of highway 418, slated to open late 2017.

If you are interested in knowing how well your home has fared, please contact me for a complimentary market assessment.

 

  

Sales statistics are provided quarterly for neighbourhoods by the Toronto Real Estate Board, which hosts MLS sales data for Durham Region.  The information provided here is for residential properties, in the third quarter (July to September) of 2016 as compared to the same period of 2015. Areas not reflected above did not have enough volume in one of the sales periods to provide a proper statistical comparison.