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Durham and Oshawa Ranked Among The Best Places to Buy Real Estate

our-history-2010-2014-oshawa-campus-aerial.jpgAccording to MoneySense Magazine’s Best Places to Buy Real Estate list this year, Durham and Oshawa ranked 10th on the list, above 25 other cities, including two spots above Toronto. The ranking refers to the Oshawa census area, which includes Whitby and Clarington.
Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 1,445 residential transactions in May 2016. This represents an increase of 8.7 per cent compared to the same period last year. Durham has been one of the fasted appreciating areas in the country. With Phase 1 of the 407 East Project complete, General Motors announcing 1000 new jobs to be spread out amongst a number of GM research and development facilities in the Region, and the GO Transit East rail corridor extension in the works, it is no surprise that investors and buyers are flocking to the up and coming Durham Region.

“Home prices have shown strong year-over-year increases in the Durham Region,” added O’Donohue. The average selling price in Durham reached $531,051 in April. In comparison, the average selling price was $449,837 during the same period last year. “The 15.3 per cent increase demonstrates a continual upward pressure in pricing.”

More so, the continued increase in prices has caused homes to sell faster, selling in an average of 11 days compared to 15 days last year. “This is a healthy economic indicator,” explained O’Donohue. “Durham Region has poised substantial growth in prices and sales demonstrating strong demand dynamics.”

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Buyer ServicesBUYER SERVICES

Have you ever spent countless hours search through the MLS system seeing the same homes over and over again looking for the perfect home, hoping to find something new?   Then, when you do find what could be your dream home, you call the listing agent only to find out it has already sold?

Seller ServicesSELLER SERVICES

Mary Roy & Team have been selling homes in the Durham Region since 1987!  Ranked in the top 1% of Realtors across the GTA and Durham Region, we know what it takes to get homes sold fast, and for the most money.We provide each of our clients with a comprehensive plan of action outlining exactly what will be done to get their home SOLD and for the MOST MONEY! We will provide you with up-to-date information on your marketplace, as well as the price and details of competing properties.