Last updated: May 9, 2024
It’s no secret that the Durham Region real estate market has heated up lately.
If you have been trying to purchase a home here, particularly at the lower price points, chances are that you have faced multiple offer situations much more often than you would like.
There has been a recent surge in buyer activity, largely driven by encouraging economic news on the interest rate and inflation fronts, and we will explore them in this article. The numbers are for the past 30 days, across all residential property types. A minimum of 3 sales is the benchmark for inclusion on this list.
If you are looking for areas that have less competition among buyers, this list is for you.
Neighbourhoods are ranked using sale price to list price ratio, as that figure illustrates how strong the competition among buyers is for listings.
Top 10 Hot Coldest Communities in Durham Region
10. Whitby - Lynde Creek
With an average selling price of $1.158M, an average days on market of 14 days and sale prices running at 101.3% of list, it provides a lower level of competition for buyers compared to other hot communities in Whitby.
9. Uxbridge
Next on our list is Uxbridge. Selling prices here averaged 1.106M, with 18 days on market and sale prices at 101.3% of list.
8. Pickering - Duffin Heights
Homes in Pickering’s Duffin Heights area sold on average for 875K, with 15.1 days on the market and sale prices at 101.1% of list.
7. Scugog - Rural Scugog
Rural Scugog is a popular neighbourhood due to its rural lifestyle and close proximity to the GTA. Homes here have been selling at 1.168M, with 15.5 days on the market and sale prices at 100.5% compared to list.
6. Pickering - Town Centre
A vibrant community with modest pricing, Pickering’s Town Centre neighbourhood is a great destination. With the average home selling for 741K, 34.4 days on market and sale prices at 100.4% versus list price, it has plenty of buyer appeal.
5. Pickering - Dunbarton
Starting off the top 5 is Liverppol in central Pickering. This is another community with great location and plenty of amenities. Prices here averaged 1.621M. Homes were on the market for 37.0 days and sold for 99.8% of list price, on average.
4. Brock - Beaverton
Beaverton in Brock is a good choice for bargain hunters, with lots of detached homes and close proximity to amenities. Prices averaged 762K, with 69.0 days on market and sale prices at 99.3% of list.
3. Pickering - Rougemount
Our top 3 begins with Rougemount, in west-central Pickering. Well established neighborhoods in this area are largely composed of detached homes with large lots, which are in particular demand. Sale prices average 1.078M, with 8.0 days on market and sale prices averaging 99.1% of list price.
2. Brock - Cannington
The Cannington community takes spot number 2 on our list. It is a small community in Brock. Sale prices averaged 739K, with 41.3 days on the market and sale prices at 95.2% of list.
1. Brock - Rural Brock
Number one on our list is Rural Brock, which is one of the least populated areas in Durham Region. This a great area with plenty of farms and forested areas. Prices averaged 878K with 51.2 days on the market and sale prices at just 93.6% of list.
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
905-240-6777
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