Thinking of Listing? Now is the Time.
Thursday Aug 13th, 2020Share
The Market is hot in Durham!
Wow, have things changed in a couple of months. The market in Durham Region is red hot. Let's look at the statistics for July 2020. Here are the average sold prices for July 2020:
Detached: $779,430, up 18.03% over July 2019, and up 3.64% over June 2020
Semi-Detached: $582,139, up 22.25% over July 2019, and up 3.19% over June 2020
Townhouse: $627,122, up 15.2% over July 2019, and up 5.97% over June 2020
Condo: $421,090, up 14.47% over July 2019, and down 3.95% under June 2020
There were 1,583 homes sold, up 52.07% over July 2019 and up 23.58% over June 2020.
New listings totaled 1,905, up .69% over July 2019 and up 2.58% over June 2020.
It is very much a "Seller's Market" in Durham region as there are not enough houses on the market to satisfy the demand. Reports of multiple offers on properties are frustrating for buyers, but a good sign for sellers. If you have been thinking of listing, now is the time!
I was reading an article today, August 13, 2020 in the Port Perry Star (durhamregion.com) titled "It's a Seller's Market Scugog". The article by Chris Hall confirms that Scugog is experiencing the regional trends of rising prices and not enough houses to handle the demand. The article goes on to describe planned new home construction in the Port Perry/Uxbridge area. It's crazy. People have found us...the lifestyle of rural and lakefront communities is attracting the urban dwellers, some of whom are reacting to being cooped up in small spaces during the Covid-19 Pandemic. So, as I indicated above, NOW is the time to list your house for top dollar. Call me!
654 View Lake Road
Things are moving along at the "big house on View Lake Road". Wes (Langmaid Electrical Contracting) is getting ready to close in the house. When this happens the trades will be able to get started on the inside. Do you want a choice in the finishing of this contemporary design with lots of space? Now is the time to make this the home for you. Listed at $1,199,000 this will be luxury from top to bottom.