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Willows Realty Group Logo
  • Buy
    • Helping You Buy
    • Book A Buyer’s Meeting
    • Get New Listing Alerts
    • Buyer Calculators
  • Sell
    • Helping You Sell
    • Book A Seller’s Meeting
    • Book A Home Evaluation
  • Senior & Special Needs Services
    • Senior & Special Needs Services
    • Book A Comfort Call
  • Listings
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Royal LePage Frank Real Estate - Independently owned & operated, Brokerage

March 8, 2024 | Market Update

February 2024 Market Update

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Momentum Builds Towards a Better Spring Market

Real estate sales increased in February, gearing up towards a solid, Spring market. Sales volume jumped 38% to 745 units from 539 units in January. On a year over year basis, sales were up 25% from 2023!

New Listings also jumped by 47% from the previous month; from 828 to 1,217 units across the Region. On a year-to-date basis, the jump was 15% compared to the same period last year. The increase in inventory presented more choice for Buyers but, with the sizeable increase in sales, the most desirable properties were getting multiple offers, mainly in the price ranges below $900,000.

 

Interest rate increases have stalled, creating optimism in the market. Buyers who sat on the sidelines for over a year want to find a home, especially with astronomically high rents showing no signs of slowing. Many Buyers have saved more money for a down payment over the past year, somewhat off setting the higher rates.

 

The Market in Durham Region sat at 1.1 Months of Inventory, down slightly from 1.4 Months in January. Average Sale Price was up slightly, from $894,825 in January to $919,017 in February and up 2% from $886,908 recorded in February 2023. Year-To-Date Total Dollar Volume really took a leap of 33% over last year, across the Region with Oshawa (42%) and Whitby (41%) leading the pack!

 

Average Days On Market also declined from 33 Days in January to 20 Days in February, showing pick-up in the pace of the market. The Average Sale Price/List Price percentage increased from 99% to 102% month over month and, the Sales To New Listing Ratio came in at 61.2%, slightly favouring Sellers and making things a bit more challenging for Buyers.

 

Momentum will continue to build. We’re busy doing Market Appraisals and Seller/Buyer consultations, so we see the action before it translates to the streets. One thing we lose sleep on is “affordability.” It’s an on-going issue at every level of government. We’d love to see an increase in Amortization Rates, allowing first-time buyers more options for affordable mortgage payments, yet no one in government is speaking to this issue.

 

If your mortgage is coming up, please get mortgage advice. Banks are offering early renewals which, in a market of future declining rates may not be the best choice for you. We can put you in touch with some excellent lenders who have your best interests at heart.

 

Reach out anytime to: team@willowsgroup.ca

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Keith Williams

Broker

Lisa C. Follows

Broker

We want to hear from you!

1.866.447.4434

team@willowsgroup.ca

Royal LePage Frank Real Estate - Independently owned & operated, Brokerage

268 Queen St.
Port Perry, ON L9L 1B9

Follow Us @WillowsRealtyGroup

Uh-oh! 🛠️ Imagine your home didn't pass inspe Uh-oh! 🛠️ Imagine your home didn't pass inspection and now you're a bit stuck on what to fix first. Don't worry, Willows Realty Group is here to help! With over 40 years in the Durham Region, we've got the game plan to get you back on track. 

Here's your step-by-step guide:

1️⃣ Safety First: Start with repairs that might be dangerous like wiring issues or leaks. These are top priority!

2️⃣ Big Money Savers: Next, handle anything that could cost more if left undone, like roof or foundation issues.

3️⃣ Focus on Function: Lastly, fix things that make life easier, like broken doors or windows.

Tools and resources? A trustworthy local contractor and a handy app for home repair that keeps you organized are key.

Feeling overwhelmed? Remember, you're not alone. We're here to guide you every step of the way to ease your worries and make your home-selling process stress-free.

What's the one repair you dread the most? Let's chat in the comments below! 👇

#RealEstate
✨ A Lifestyle Like No Other Awaits at The Meadow ✨ A Lifestyle Like No Other Awaits at The Meadows of Aurora ✨

Imagine waking up to serene pond and forest views, sipping coffee on your private balcony, and knowing your community is designed with care for today and tomorrow. This 2-bedroom, 2-bath suite offers 1,257 sq. ft. of bright living space with underground parking, a storage locker, and access to world-class amenities: a theatre hall, fitness rooms, libraries, art studio, wellness centre, pickleball court, and endless clubs and activities.

What makes this opportunity even more remarkable? Keith Williams and Lisa C. Follows are A.I. Certified Agents™, harnessing the power of the A.I. Listing Advantage to ensure your home is marketed with maximum exposure and precision targeting.

Curious to see how this community can enrich your lifestyle? Your next chapter could start here.

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca | lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI

🔑 Book your private tour today.

#WillowsRealtyGroup #DurhamRegionHomes #ScugogRealEstate #Aurora55PlusLiving #AICertifiedAgent #AIMarketingAdvantage #OntarioRetirementLiving #PondViewSuite #AuroraRealEstate #ActiveAdultLiving #55PlusCommunity #OntarioRealEstate #SmartHomeSelling #AIRealEstateMarketing #YourNextMove
🔥 What makes Whitby stand out from every other 🔥 What makes Whitby stand out from every other city in Durham Region?
It’s not just the lake views or the downtown vibe—it’s the way this community keeps growing while holding onto its small-town charm. But here’s the kicker: there are hidden factors shaping Whitby’s real estate market that most people overlook.

That’s where we come in. As A.I. Certified Agents™, we use the A.I. Listing Advantage to decode buyer behavior, track real-time market shifts, and position our clients’ listings for maximum exposure. In short—when you work with us, you’re not just listing a property, you’re tapping into next-level strategy.

Want to know why Whitby could be your smartest move in Durham Region? Let’s talk.

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca or lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI!

#WillowsRealtyGroup #DurhamRegionRealEstate #WhitbyHomes #WhitbyRealEstate #PortPerryRealEstate #AICertifiedAgent #AIListingAdvantage #DurhamRegionHomes #WhitbyLiving #RealEstateWhitby #WhitbyOntario #DurhamRegionLife #OntarioRealEstate #SmartRealEstateMoves #YourNextHome
📍 For Sale: 264 Williams Point Rd, Scugog 🔥 📍 For Sale: 264 Williams Point Rd, Scugog

🔥 Waterfront with a twist! What if your everyday started with sunrise over the lake and ended with golden-hour reflections on the water? This 4-bedroom, 2-bath home isn’t just a place to live—it’s an experience.

Step inside to hardwood floors, custom wood finishes, and a kitchen that inspires—stone backsplash, gas stove, stainless steel appliances, and an island perfect for conversation. Outside? A four-tier deck and a long dock ready for lazy mornings, family gatherings, or unforgettable sunsets.

With major updates done between 2017–2019 (insulation, plumbing, electrical, and roof), this property blends comfort and peace of mind with natural beauty. And yes—it’s on a school bus route and minutes from local parks and amenities.

We’re A.I. Certified Agents™, bringing the A.I. Listing Advantage to give this home unmatched visibility and connect it with the right buyers faster.

💬 Curious? You should be. Book your private tour today and see what lakefront living feels like.

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
Email: keith@willowsgroup.ca | lisa@willowsgroup.ca
Office: (888) 926-2066
💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI!

#WillowsRealtyGroup #ScugogWaterfront #DurhamRegionRealEstate #ScugogHomes #AICertifiedAgent #AIListingAdvantage #OntarioHomesForSale #LakefrontLiving #WaterfrontProperty #HomeForSaleOntario #ScugogRealEstate #DurhamRegionHomes #ScugogRealEstate #RealEstateWithAI #YourNextHome
🏡 Want to sell your home faster? A clean home i 🏡 Want to sell your home faster? A clean home is a happy home - and a faster-selling one too!

I've spent decades in real estate, and trust me, a sparkling home makes all the difference. Here's how you can get started:

1️⃣ Declutter: Start by removing items you don't need. Less clutter means more space for potential buyers to imagine their own things.

2️⃣ Sweep & Mop: Give those floors a good clean! Use a soft mop for hardwoods. It makes rooms look bigger and fresher.

3️⃣ Windows & Mirrors: Use a streak-free cleaner to let that natural light shine through. Bonus - sparkling mirrors make rooms look brighter and more spacious!

4️⃣ Dust Like a Pro: Dust off shelves, ceiling fans, and baseboards. It’s surprising how much freshness this adds!

5️⃣ Aroma Therapy: Air out each room and consider adding a light fragrance. Fresh air + sweet smells = a welcoming vibe.

Next time you're prepping your place for sale, remember: A little elbow grease goes a long way!

What cleaning tip do you swear by when getting your home ready to sell? Share in the comments below! 👇✨🏡

#RealEstate
Uh-oh! 🛑 Didn't pass the home inspection? No wo Uh-oh! 🛑 Didn't pass the home inspection? No worries, let's fix it on a budget!

With over 40 years of expertise in Durham, I've got your back. 💪 Here’s how to get your home ready for a smooth re-inspection:

1️⃣ Quick Fixes First: Start with small repairs - leaky faucets, broken light switches. A screwdriver and YouTube can be your best friends.

2️⃣ Safety First: Ensure smoke alarms and carbon monoxide detectors work. You can find affordable options at most hardware stores.

3️⃣ DIY Touch-Ups: Fresh paint can do wonders. Choose neutral colors; they appeal to more buyers. Grab a brush and get started!

4️⃣ Exterior Clean-Up: Trim bushes, mow the lawn, and check gutters. Curb appeal matters!

Remember, these fixes not only help with the inspection but also boost your home's value. 

What was the most surprising thing you learned from a home inspection? Share below! 👇

#RealEstate
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