Just about everyone knows that the real estate market has been strong lately. You may be surprised, however, that some neighbourhoods in Oshawa have much better results than others. The following statistics are from the first quarter of 2016 (January through March) as compared to the same period in 2015 for all residential home types.
The number one area in Oshawa was Lakeview, which is north of Lake Ontario, south of Highway 401, and covers roughly the areas east of Stevenson Road S and west of Simcoe Street. The average increase here was an exceptional 33.9%, with the average price in Q1 of 2016 being $286,684. In Q1 of 2015 the average price was just $217,598.
In second spot was Central, located north of the 401, south of King Street, east of Rotary Park and west of Wilson Road S. With an average gain of 31.4%, the average price was $280,513 in Q1 2016 over an average of $223,850 last year.
Third place was Kedron. It is located west of Townline Road, east of Windfields, south of Winchester Road E, and north of Taunton Road E. Prices rose an average of 20.9%, with a Q1 2016 value of $585,300 over last year's $484,166.
Fourth place went to Samac, which is north of Taunton Road E, south of Conlin Road E, east of the Oshawa Airport and west of Wilson Road N. Prices here rose 20.2% with an average selling price of $444,545 in Q1 2016 versus $369,974 in Q1 2015.
In fifth place was Donevan. It is south of King Stree E, north of Highway 401, east of Wilson Road S, and west of Townline Road S. In Q1 2016 the average price was $361,693, compared to $302,336 in 2015.
Some neighbourhoods performed well under these, as listed below:
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 first quarter (January through March) 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 good comparison.
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