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  • Buy
    • Helping You Buy
    • Book A Buyer’s Meeting
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    • Book A Home Evaluation
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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

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🚨 Failed Home Inspection? Don’t Panic. Roof l 🚨 Failed Home Inspection? Don’t Panic.
Roof leaks, wiring issues, or plumbing problems can feel like deal-breakers, but with the right strategy, they’re just bumps on the road. That’s where our expertise comes in.

As A.I. Certified Agents, we combine local experience in Port Perry, Oshawa, and Whitby with the power of our A.I. Listing Advantage to guide you through repairs, negotiations, and smart marketing that keeps buyers engaged.

When you work with us, you’re not just getting real estate agents—you’re getting partners who know how to turn inspection challenges into opportunities.

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

#WillowsRealtyGroup #DurhamRegionRealEstate #PortPerryHomes #OshawaRealEstate #WhitbyHomesForSale #AICertifiedAgent #AIListingAdvantage #HomeInspectionTips #RealEstateStrategy #DurhamRegionHomes
Stepping into your first home purchase in Durham? Stepping into your first home purchase in Durham? Let me help you make it a breeze! 🏡✨

With Willows Realty Group's 40+ years of experience, I'm here to guide you every step of the way. Here's a simple plan to get you started:

1️⃣ Budget Time: Figure out how much you can spend on a home. Use an online mortgage calculator to help!

2️⃣ Get Pre-Approved: This is like getting your golden ticket. It shows that you mean business when you make an offer.

3️⃣ List the Must-Haves: Write down what you really want in your new home. Is it a big backyard or a cool basement?

4️⃣ Browse Listings: Dive into the online listings to get a feel for what's out there in Durham.

5️⃣ House Hunting: It's time to visit those homes on your list. Check out the neighborhood, too!

6️⃣ Make the Offer: With our help, you'll know what a fair offer looks like.

7️⃣ Home Inspection: Before you finalize, let's make sure the house is in tip-top shape.

8️⃣ Close the Deal: Welcome to your new home! 🎉

Want help with any of these steps? We're here for you! Comment below with your questions or send us a message. Let's make home-buying easy! 💬🔑

#RealEstate
Uh-oh! Your home didn't pass inspection? Don’t w Uh-oh! Your home didn't pass inspection? Don’t worry, it happens! 🛠️

Here's a simple guide to help you tackle those inspection problems and get back on track:

1️⃣ Identify the Issues: Grab the inspection report and highlight the must-fix problems. Common ones? Leaky pipes, electrical issues, and roofing troubles.

2️⃣ Prioritize Repairs: Focus on the urgent fixes first. A leaky roof can cause much bigger problems if left alone!

3️⃣ DIY or Pro? Decide what you can handle and what needs a pro's touch. Sometimes it's worth calling the experts (especially for electrical fixes)!

4️⃣ Gather Quotes: If going pro, get a few quotes to ensure you get the best service at the best price. 

5️⃣ Reinspect: Once the repairs are done, schedule a reinspection. This step is crucial before selling. 

With 40+ years in Durham's real estate market, Willows Realty Group knows how to smooth out these bumps! Got questions or need advice? Drop them in the comments below! 💬👇

#RealEstate
🏡 Ready to sell your home quickly in Durham Reg 🏡 Ready to sell your home quickly in Durham Region? Setting the right price can help your home fly off the market! Here's how to do it:

1️⃣ Know Your Market: Dive into recent sales in your area. This gives a clear picture of what homes like yours are selling for.

2️⃣ Be Realistic: We all want top dollar, but going too high can scare buyers away. Start with a competitive price to spark interest.

3️⃣ Use Tech Tools: At Willows Realty Group, our tech-forward tools help analyze market trends. They give you the edge in pricing your home smartly.

4️⃣ Consult an Expert: With over 40 years of experience, our team has the local knowledge to guide you right!

Pricing your home doesn’t have to be stressful! With these steps, you're closer to a great sale in no time. Want more tips? Let us know below! 👇

#RealEstate
🚨 Big Opportunity Awaits! 🚨 What could YOU b 🚨 Big Opportunity Awaits! 🚨
What could YOU build here? This nearly 1-acre commercial lot is more than land—it’s a launchpad for your next venture. With two spacious bays, office space, a washroom, storage, and even a mechanics bay already in place, the groundwork is done.

📍 Only 20 minutes east of Port Perry, with quick connections to Lindsay, Peterborough, and under an hour to Toronto—location is everything. Whether you’re thinking auto repair, contractor’s hub, garden supply center, or a live-work setup (yes, residential uses permitted with approvals), this property is ready for your vision.

As A.I. Certified Agents™, we bring the A.I. Listing Advantage to every property we market—driving more exposure, smarter targeting, and faster results.

💬 Curious what this space could do for your business or investment portfolio? Let’s talk today.

📲 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 #DurhamRegionRealEstate #KawarthaLakesRealEstate #CommercialOpportunity #AIListingAdvantage #PortPerry #OntarioInvestments #YourNextMove #BusinessPotential #RealEstateWithAI #KawarthaLakesBusiness #DurhamRegionInvestors #PropertyForSaleOntario #AIRealEstate #ExpandYourVision
⚡ Things No One Tells You About the A.I. Listing ⚡ Things No One Tells You About the A.I. Listing Advantage ⚡

Most agents talk about marketing. We redefine it.
With the A.I. Listing Advantage, your home isn’t just “listed”—it’s strategically positioned to reach the right buyers, at the right time, with data-driven precision.

Here’s the secret: It’s not just about algorithms. It’s about pairing human expertise with cutting-edge tech. That’s where Keith Williams and Lisa C. Follows—your A.I. Certified Agents™— make the difference.

🎯 Smarter exposure.
🎯 Faster results.
🎯 Real strategies that get your listing noticed.

Want the edge no one else is talking about? Let’s chat today.

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

#WillowsRealtyGroup #DurhamRegionRealEstate #ScugogHomes #AIListingAdvantage #AICertifiedAgent #YourNextMove #SmartSelling #DurhamRegionHomes #OntarioRealEstate #RealEstateWithAI #AIinRealEstate #WillowsWay #HomeSellingMadeSmarter #RealEstateEdge #FutureOfRealEstate
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