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  • Buy
    • Helping You Buy
    • Book A Buyer’s Meeting
    • Get New Listing Alerts
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    • Helping You Sell
    • Book A Seller’s Meeting
    • 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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📣 WATERFRONT OPEN HOUSE ALERT! Looking for fro 📣 WATERFRONT OPEN HOUSE ALERT!

Looking for front-row seats to epic sunsets? 🎇 This Saturday from 2–4 PM, explore 264 Williams Point Rd in Scugog—a bold blend of rustic charm and modern upgrades.
🔥 Custom wood finishes, gleaming hardwoods, and a chef's kitchen with stainless steel appliances and a gas stove set the stage. Step outside to a four-tier deck and dock, perfect for morning coffees or lakeside laughs.

🛏 4 Bedrooms | 🛁 2 Baths | 🚗 3 Parking Spaces
🛠 Major upgrades between 2017–2019: insulation, roof, electrical & more.

💡 On a school bus route and minutes from parks and town conveniences—this home is more than a view... it’s a lifestyle.

📍264 Williams Point Rd, Scugog
📅 Open House: Saturday, July 5 | 2PM–4PM

💬 Want a sneak peek before the crowd? We’re just a call or text away!

📲 Contact Us
Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
✉ 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 #DurhamRegionHomes #ScugogRealEstate #ScugogLiving #LakefrontLiving #WaterfrontOpenHouse #OpenHouseAlert #AICertifiedAgent #AIListingAdvantage #YourNextHome #RealEstateOntario #HomeWithAView #WeekendPlans #ExploreScugog
📍 COMING SOON 🔑 A new opportunity is just a 📍 COMING SOON

🔑 A new opportunity is just around the corner!
This bright and spacious 3+1 bedroom townhome in Eastdale is about to hit the market. Whether you’re growing your family or looking for a smart investment, you’ll love the finished basement, walkable location, and smart layout. Stay tuned—this one’s worth the wait.

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

#ComingSoon #OshawaRealEstate #WillowsRealtyGroup #DurhamRegionHomes #AIListingAdvantage
🏡 Old-School Charm Meets Modern Comfort in Osha 🏡 Old-School Charm Meets Modern Comfort in Oshawa!
Looking for a detached home with character and room to grow? 63 Park Road N delivers all that and more.

✨ Step inside this 3-bed, 2-bath 1950s bungalow and fall in love with:
✔️ A sun-filled eat-in kitchen
✔️ Finished basement with bonus space
✔️ Private backyard under mature trees
✔️ Detached garage + 3-car parking

💥 Located just minutes from Oshawa Centre, Lakeridge Health, top schools & transit—this home is your all-access pass to convenience and calm.

🎥 Watch the full tour in our latest video—this one’s too good to scroll past.

📞 Offers are welcome anytime — don’t wait!
👉 Contact us today to book your private showing:

📲 Keith Williams, Broker – (905) 903-9250
📲 Lisa C. Follows, Broker – (905) 442-5847
📧 team@willowsgroup.ca
💻 WillowsRealtyGroup.com

💼 Willows Realty Group – Your Trusted Partner in Real Estate with the Power of AI!

#WillowsRealtyGroup #OshawaHomes #DurhamRegionRealEstate #JustListed #HomeWithCharacter #AIListingAdvantage #DetachedBungalow #FirstTimeHomeBuyer #RealEstateDurham #LiveInOshawa #MoveInReady #CottageInTheCity #BungalowLiving #RealEstateVideo #ListingVideo
🎯 First-time buyer? Don’t fall for the fluff. 🎯 First-time buyer? Don’t fall for the fluff.

Here’s the no-nonsense checklist to spot a smart starter home in Port Perry, Oshawa, or Whitby:
✔ Location that works for your life, not just your commute
✔ A budget that covers everything (hello, surprise costs)
✔ A plan that goes beyond year one
✔ And yes—ALWAYS get that inspection

🔍 Want real guidance, not just hype? We’ve got your back.

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

#WillowsRealtyGroup #DurhamRegionHomes #PortPerryRealEstate #OshawaHomes #WhitbyLiving #FirstTimeBuyerTips #RealEstateAdvice #YourNextHome #SmartMoves #HomeInspectionMatters #StarterHomeSavvy #HouseHuntingCanada
Thinking about buying your first home? 🏠 Let's Thinking about buying your first home? 🏠 Let's make understanding mortgages easy peasy!

Mortgages can seem like a big puzzle, but I've broken it down for you:

1️⃣ Know Your Budget: Figure out how much you can afford. Use tools like online mortgage calculators to get a rough idea. 

2️⃣ Choose the Right Type: Fixed-rate or variable-rate? Learn what fits best for your finances. 

3️⃣ Get Pre-Approved: Show sellers you're serious! Getting pre-approved can boost your chances of getting the home you want. 

4️⃣ Understand the Jargon: Terms like "principal," "interest," and "amortization" are key! A little reading will go a long way.

5️⃣ Ask Experts: It's okay to have questions. Reach out to a mortgage broker or your bank for personalized advice.

Mortgages may seem tricky, but with the right steps, you're well on your way to becoming a smart homebuyer!

Need more guidance? Reach out or comment below with your questions! 📩

#RealEstate
🏙️ SOLD on the Shoreline! This lakeside cond 🏙️ SOLD on the Shoreline!

This lakeside condo at The Bayview in Port Perry is officially OFF the market! 🌊✨
We had the pleasure of assisting in the sale of this 2-bedroom, 2-bath beauty—featuring panoramic views of Lake Scugog, a private balcony with two walkouts, and underground parking steps from the elevator.

From pricing to negotiations, our A.I. Listing Advantage and local expertise got the job done—and done right.

Thinking of making a move? Let’s chat about how our proven strategies and tech-forward approach can help you sell confidently (and maybe even quickly 😉).

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

#WillowsRealtyGroup #JustSold #PortPerryRealEstate #DurhamRegionHomes #OntarioRealEstate #LakeScugogViews #AIListingAdvantage #SmartSelling #CondoLife #SOLDbyKeithAndLisa #RealEstateResults #LocalExperts #LakesideLiving #YourNextMove #RealtorsYouCanTrust #RealEstateSuccess
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