MLS Real Estate Statistics for Durham Region (including Whitby, Brooklin and Oshawa)
When we compare the number of homes that were actively for sale this past February (1367 homes) to last year's number (1745 homes), it is understandable why you may have been hearing about the "slow down in housing inventory" in the news. It is also clear why buyers have found themselves frustrated and eager to see more homes out there to choose from. So far this year, on average, homes in Durham Region overall have sold faster and for more money.
Savvy home owners who are considering Sellingtheir home are working with their Realtor® early to place themselves in the optimal marketing position. Making certain the property is professionally represented and attractively presented will go a long way to achieving a faster sale for the most money while enjoying the process along the way. If you want to get moving, contact Linda today!
Future home owners dreaming of Buying and making an important investment in a home are wise to establish a connection with their Realtor® right away to ensure they are well represented and properly prepared for the road ahead. This forward thinking will be a key advantage when they walk through that potential "home sweet home" with their Realtor® by their side.
Whether you are looking to Sell, Buy or simply interested in keeping up to date on the Durham Region housing market, the following data may be beneficial to you.
Below you will find some of the various Durham Region Real Estate statistics gathered from the Toronto Real Estate Board's MLS System "Market Watch" report. The data compares February 2013 with February last year:
HThe number of new listings for the month of February in 2013 was 846. Considerably less than 2012 which was a whopping 1047.
HThe Durham Region area had 751 home sales in February 2013 measured against 848 home sales in February 2012.
H The average asking price for a home in the Region of Durham in February 2013 was $353,114 up in comparison with $325,307 for February 2012.
H The number of days it took to sell a home in Durham Region in February 2013 was, on average, 25 days showing a faster selling time when compared with last month’s numbers of an average of 29 days.
Homeowners who work with their Realtor® to offer a thoughtfully priced and well presented home for sale, find that in a market such as this, that it often leads to a flurry of activity from those looking to buy...and, it may even result in more than one offer to choose from from folks looking to purchase their home!
Informed buyers take early steps such as reviewing the necessary documentation with their Realtor® and ensuring they are pre-approved for mortgage financing ahead of time so that they are ready to make a move when the right home comes along.
So, if you are thinking of making a move to sell or to buy a home, contact your Real Estate professional now to begin the process. You'll be glad you did!
If you should have any Real Estate questions, whether big or small, please feel free to contact me. I appreciate the opportunity and am always glad to help.
HAVE LINDA BECOME YOUR REALTOR® LONG BEFORE YOU NEED ONE, AND SHE'LL BE RIGHT THERE FOR YOU WHEN YOU DO!
Want to review the current Real Estate documentation you will likely be asked to sign when purchasing a home or placing your home up for sale? Check out my "understanding Real Estate forms" guide.
Wonder how much your neighbours are selling for? Check out the Durham Region Property Values section showing recently sold properties for:
Understanding the Offer to Purchase Form is essential once your house hunting expedition is a success! You have found the perfect home, one that satisfies your needs, most of your wants- and best of all, fits your pocketbook. Now comes one of the most important phases of your home-buying experience: making an offer to purchase the home.
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
SELLING YOUR HOME ON YOUR OWN - OR USING A REAL ESTATE SALESPERSON
STAGING… FOR A FASTER SALE AND HIGHER PRICE
If you have decided that now is the time to sell your home, you might be thinking: should I hire a Real Estate Sales Representative or do it alone. Have you ever considered repairing your own car? Anyone can buy the tools and parts. However, most of us just do not have the knowledge, training, experience or the expertise and commitment of time to do the job properly. Besides, there are plenty of experienced professionals to do the work for us.
There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. Experienced sales people know that you only have one shot at impressing potential buyers, so take some time to prepare your home for showings. You will be rewarded with a faster sale and a higher offer.