Whitby Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the inclement weather, at the end of February, we saw an decrease in the number of new listings coming onto the market compared to February 2013. The number of new listings decreased 13.86% year over year. The number of sales for the month decreased by 22.49% year over year.

Whitby New Listings Ending Feb 14Whitby Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.69 months – up from 1.52 months at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Whitby MOI Ending Feb 14

Home Prices Have Increased

Due to limited inventory, the average home price at the end of February was up 21.73% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 20 days.

Whitby Avg Price Ending Feb 14Whitby Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Oshawa Real Estate Market Report for March 2014
  2. Durham Region Real Estate Market Report for March 2014
  3. Clarington Real Estate Market Report for March 2014
  4. Pickering Real Estate Market Report for March 2014
  5. Ajax Real Estate Market Report for March 2014

Pickering Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the weather, at the end of February, we saw an decrease in the number of new listings coming onto the market compared to February 2013. The number of new listings decreased 10.21% year over year. The actual number of sales decreased 2.05% year over year.

Pickering New Listings Ending Feb 14Pickering Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.78 months – down from 1.95 months at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Pickering MOI Ending Feb 14

Home Prices Have Increased

Due to a limited inventory, the average home price at the end of February was up 9.16% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 24 days.

Pickering Avg Price Ending Feb 14Pickering Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Oshawa Real Estate Market Report for March 2014
  2. Durham Region Real Estate Market Report for March 2014
  3. Clarington Real Estate Market Report for March 2014
  4. Whitby Real Estate Market Report for March 2014
  5. Ajax Real Estate Market Report for March 2014

Oshawa Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the weather, at the end of February , we saw a decrease in the number of new listings coming onto the market compared to February 2013. The number of new listings year to date in Oshawa was down 8.25% year over year. The number of sales for the month decreased 11.46% year over year.

Oshawa New Listings Ending Feb 14Oshawa Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.68 months – up from 1.62 months at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Oshawa MOI Ending Feb 14

Home Prices Have Increased

Due to limited inventory, the average home price at the end of February was up 10.42% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 24 days.

Oshawa Avg Price Ending Feb 14Oshawa Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Pickering Real Estate Market Report for March 2014
  2. Durham Region Real Estate Market Report for March 2014
  3. Clarington Real Estate Market Report for March 2014
  4. Whitby Real Estate Market Report for March 2014
  5. Ajax Real Estate Market Report for March 2014

Clarington Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the weather, at the end of February we saw an decrease in the number of new listings coming onto the market compared to February 2013. The number of new listings year to date in Clarington was down 11.14% year over year. The number of sales for the month decreased by 7.85% year over year.

Clarington New Listings Ending Feb 14Clarington Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.77 months -down from 1.83 months at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Clarington MOI Ending Feb 14

Home Prices Have Increased

Due to limited inventory, the average home price at the end of February was up 10.90% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 28 days.

Clarington Avg Price Ending Feb 14Clarington Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Pickering Real Estate Market Report for March 2014
  2. Durham Region Real Estate Market Report for March 2014
  3. Oshawa Real Estate Market Report for March 2014
  4. Whitby Real Estate Market Report for March 2014
  5. Ajax Real Estate Market Report for March 2014

Ajax Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the weather, at the end of March we saw a decrease in the number of new listings coming onto the market. The actual number of new listings year to date in Ajax was down 17.18% year over year while the actual number of sales declined 7.08% for the same period.

Ajax New Listings Ending Feb 14Ajax Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.64 months – down from 1.84 months at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Ajax MOI Ending Feb 14

Home Prices Have Increased

Due to limited inventory, the average home price at the end of February was up 6.41% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 18 days.

Ajax Avg Price Ending Feb 14Ajax Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Pickering Real Estate Market Report for March 2014
  2. Durham Region Real Estate Market Report for March 2014
  3. Oshawa Real Estate Market Report for March 2014
  4. Whitby Real Estate Market Report for March 2014
  5. Clarington Real Estate Market Report for March 2014

Durham Region Real Estate Market Report For March 2014

Number of Listings and Sales

Partially due to the weather, at the end of February, we saw an decrease in the number of new listings coming onto the market compared to the end of February 2013. The actual number of new listings year to date in Durham Region was down 12.29% year over year. While the actual number of sales year over year declined 10.70%.

Durham Region New Listings Ending Feb 14Durham Region Sales Ending Feb 14

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending February 2014 was just 1.73 months – down slightly from what it was at this time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Durham Region MOI Ending Feb 14

Home Prices Have Increased

Due to limited inventory, the average home price at the end of February was $383,051 – up 11.12% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 26 days.

Durham Region Avg Price Ending Feb 14Durham Region Avg DOM Ending Feb 14

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Pickering Real Estate Market Report for March 2014
  2. Ajax Real Estate Market Report for March 2014
  3. Oshawa Real Estate Market Report for March 2014
  4. Whitby Real Estate Market Report for March 2014
  5. Clarington Real Estate Market Report for March 2014

Pickering Real Estate Market Report For February 2014

Number of Listings and Sales

Partially due to the weather, at the end of January, we saw an decrease in the number of new listings coming onto the market compared to January 2013. The number of new listings decreased 18.31% year over year. T actual number of sales decreased 3.39% year over year.

Pickering New Listings Period Ending January 2014Pickering Sales Period Ending January 2014

Months Of Inventory (MOI)

The months of inventory indicator is used to determine supply and demand in the real estate industry. The MOI is calculated using the number of new listings divided by the sales. In other words, it no other homes came on the market, how long would it take to exhaust the current inventory.  The chart below indicated that the MOI ending January 2014 was just 2.04 months – down slightly from what it was at the same time last year. When we see the MOI this low, it is indicative of a seller’s market and we often see higher sales prices as more buyers compete for quality listings.

Oshawa MOI Period Ending January 2014

Home Prices Have Increased

Continuing the trend that was evident throughout 2013, the average home price at the end of January was up 12.93% year over year. We also continue to see quality properties selling quickly with the average days on market before a home sells being just 26 days.

Pickering Avg Price Period Ending January 2014Pickering DOM Period Ending January 2014

Looking To See What The Market Is Doing In Your Area?

To get an accurate picture of what the real estate market is doing in your neighbourhood, I invite you to contact me today for more information.

 SearchHomesDurhamRegionRequestAHomeEvaluation

Posted By: Shawn Lepp– Durham Region Real Estate Sales Representative
The Shawn Lepp Team is a mega-producing team at Keller Williams Energy Real Estate
specializing in Durham Region Real Estate
905-428-8100 

Related Articles:

  1. Oshawa Real Estate Market Report for February 2014
  2. Durham Region Real Estate Market Report for February 2014
  3. Clarington Real Estate Market Report for February 2014
  4. Whitby Real Estate Market Report for February 2014
  5. Ajax Real Estate Market Report for February 2014