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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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🚪 Ready to Stop Scrolling and Start Living? Unl 🚪 Ready to Stop Scrolling and Start Living?
Unlock the door to your next home with the expert guidance of Keith and Lisa—real estate pros who don’t just sell houses, they create custom strategies using A.I.-powered tools to help you WIN in today’s market.

🏡 Whether you're buying your first place or planning your next move, we’ve got your back with real advice, no fluff.

🎯 Let’s talk about your real estate goals—because the right team makes all the difference.

📲 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!

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🚨 Build Your Business. Right Here. Right Now. J 🚨 Build Your Business. Right Here. Right Now.
Just 20 mins from Port Perry, this nearly 1-acre commercial property is packed with potential—and ready for your next big move.

C1 zoning ✔️
Phase 1 & 2 Environmental reports done ✔️
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⚡Launch your next venture in a location that connects you to Lindsay, Peterborough & Toronto—all within reach.

📲 Let’s talk about what you can create here.

Keith Williams, Broker: (905) 903-9250
Lisa C. Follows, Broker: (905) 442-5847
📧 keith@willowsgroup.ca | lisa@willowsgroup.ca
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📍Lakefront Living Hits Different at Williams Po 📍Lakefront Living Hits Different at Williams Point

This is more than a listing—it’s your shot at year-round waterfront living in Durham Region. 🛶
With 4 bedrooms, 2 updated bathrooms, and a kitchen that gets it (gas stove, stainless steel appliances, stone backsplash), 264 Williams Point Rd is where character meets comfort.

🔥 Let’s talk upgrades: spray foam insulation, newer roof, updated plumbing and electrical (2017–2019)—this home was built to last.
Step outside to soak in four levels of deck space, a long dock, and sunset views that never get old. 🌅

Close to local parks, right on a school bus route, and less than 15 minutes to Port Perry’s shops and restaurants—yes, it’s as good as it sounds.

💬 Want the tour that seals the deal? Let’s book your private showing.

📲 Contact Us
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 #DurhamRegionRealEstate #ScugogHomes #LakefrontLiving #ForSale #ScugogRealEstate #WaterfrontOntario #ForSaleOntario #OntarioHomes #YourNextHome #AIListingAdvantage #PortPerryLiving #RealEstateCanada #KeithAndLisaHomes
🏠 JUST LISTED This Oshawa townhome is official 🏠 JUST LISTED

This Oshawa townhome is officially on the market!
Featuring 3+1 bedrooms, 2 bathrooms, a cozy finished basement, and tons of natural light—Unit 32 at 611 Galahad is perfect for families, first-time buyers, or investors. Located in a friendly Eastdale community, close to parks, schools, and shopping.

💬 Ready for a private tour? Let’s chat!

📲 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!

#JustListed #WillowsRealtyGroup #DurhamRegionRealEstate #EastdaleLiving #CondoTownhouse
🔓 Ready to Unlock Real Estate Success? If you' 🔓 Ready to Unlock Real Estate Success?

If you're buying or selling in Durham Region or Kawartha Lakes, you need more than luck—you need a plan that delivers.
At Willows Realty Group, we combine local expertise with powerful AI-driven strategies to give you a clear edge in today’s market.

📈 Our clients don’t just list or browse—they close deals with confidence.

💡 Want to know what your home is really worth? Or how to win in a competitive market? We’ve got the answers—and the strategy to back them up.
Let’s get clear on your goals and build a plan to get you results—without the stress.

📲 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 #RealEstateSuccess #DurhamRegionRealEstate #KawarthaLakesHomes #AIListingAdvantage #KeithAndLisa #ClientFocusedRealEstate #BuyWithConfidence #SellSmart #AICertifiedAgent #YourNextMoveStartsHere #TopGTARealtors #StrategicRealEstate #MoveWithWillows
Is it your first time buying a home and feeling ov Is it your first time buying a home and feeling overwhelmed? Let's make that process smooth and stress-free in the beautiful Durham Region! 🏡

At Willows Realty Group, we've been helping families find their perfect home for over 40 years, and here's everything you need to know:

1️⃣ Explore Neighborhoods: Each has its vibe. Visit local parks, schools, and cafes to see what feels right.

2️⃣ Tech Tools: Use online maps and reviews to learn about traffic and nearby places.

3️⃣ Budget Wisely: Calculate all expenses—mortgages, taxes, and moving costs. Planning is key!

4️⃣ Ask Us: As experts, we know Durham inside out! Our team is ready to help you every step of the way.

Whether you're eyeing a cozy spot or a spacious place for your family, finding the right neighborhood makes all the difference.

What's the must-have feature in your new home? A big backyard or a modern kitchen? Let us know in the comments! 👇

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