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John Owen, Broker | 905-434-0067

Durham Region Real Estate Sales Report January 2019

Durham Region Real Estate Prices 2019


Durham Region real estate started 2019 at a much stronger pace than it finished 2018, and also over January of 2018. Sales volumes were sharply up in many areas, and inventory remains relatively low. Prices are at seasonal lows, but may not stay that way for long.


Price


Prices in Durham Region dropped 0.1% from January 2018 and dipped 1.6% since December 2018. The changes are in slight contrast with the overall TREB market, which posted a 1.6% annual increase (+1.4% in Toronto).


Average prices for all of TREB were 748,328 showing an annual gain of 1.6%, as shown in the above chart (red line). The seasonal winter and summer dips are clearly visible in the TREB price line.


Durham Region (blue line) prices have also increased yearly, though with much less volatility than the TREB numbers showed in the seasonal trends.


The Toronto Real Estate Board's (TREB) latest market statistics show the average Durham property at $483,860  - off from last month's 516,880 by $33,020 (6.4%).


Search Durham Listings with sold prices


Inventory


Active listings in Durham Region were 358 in January. That is a 7.8% increase from last year and a 0.3% increase from December. In a recent trend, the drop in active listings has impacted higher pricing recently. If that scarcity of listings continues, we may well see continued pressure on higher prices due to buyer competition.


The overall TREB marketh had a 4.6% increase in active listings from December.


Demand


Sales volume in Durham Region jumped 8.1% from last year with 508 units sold versus 470 last January. It was up from December by a substantial 13.9%, going sharply against the seasonal norm.


The time a property takes to sell is called DOM or days on market. It was 32 in January, showing a good pace to sales for this time of year.


Another indicator of demand is sale price compared to list price. It was 98% in Durham in January, again showing good levels of demand.


These factors combined are a good barometer for sellers, as it shows that not only is current inventory moving at a good pace, but it is also selling at a price that is very close to asking.


Prices By Home Style


GTA Detached Home Prices

Durham Region Townhouse Prices

GTA Condo Prices

What are homes selling for in Durham Region Cities?


Oshawa Real Estate Market Report

Oshawa showed a big jump in sales volume with an 8.1% annual and 21.9% monthly increase. Prices were virtually even with last year (-0.1%) and down 1.6% since December.


Whitby Real Estate Market Report


Whitby had a big jump in sales volume from December (+18.6%) and was down 1.2% from last year. Prices were down 9.9% from 2018 and 1.6% monthly.



Clarington Real Estate Market Report


Clarington's market is on fire lately. Sales volume was up a massive 46.4% monthly and 20.2% annually. Prices are up 2.7% annually and were down 1.5% monthly. If the sales volume persists, watch out for prices to rise before the spring market arrives.



Ajax Real Estate Market Report


Prices increased 6.0% annually in Ajax and were down 1.7% monthly. Volume fell 13.6% annually and 18.8% monthly.


Pickering Real Estate Market Report


Pickering had an 8.2% increase in price year-over-year and also 3.0% monthly. It had a jump in volume of 13.6% annually but fell 12.3% monthly. 


Durham Region and areas to the North and East


Durham Kawartha Lakes Peterborough Northumberland Real Estate Market Reort



This chart shows prices over the last year for all residential properties in Durham Region, Kawartha Lakes, Peterborough (including County) and Northumberland.


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

December 2018

November 2018

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017 

March 2017

February 2017

January 2017

December 2016

November 2016

October 2016

September 2016

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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