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Real estate can be confusing. We’re here to clear the air. Whether you’re buying, selling, or downsizing, we simplify what’s complicated so you can achieve more, easily.

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

February 8, 2024 | Market Update

January 2024 Market Update

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What's Happening with Durham Region Real Estate?

The Real Estate industry, along with the buying/selling public, anxiously anticipate interest rate relief sometime this year. I’ll be the first to admit frustration at the cost of financing a mortgage and how “locked out” the younger generation is, when it comes to the housing market. I’m a proponent of using amortization rates as a tool to help first time home buyers put a roof over their heads but there is, to my knowledge, no discussion at any level of government on this. Meanwhile…

 

The 2024 market is off to a decent start out of the gate. Sales were up 38% over January of 2023 in the Region, from 392 units to 539. While sales were up, new listings declined by 5% over the same time period. This will keep selling prices steady.

The Average Selling Price in Durham Region came in at $894,825, up slightly from $883,790 a year ago. If you think this is a minor accomplishment, think again. In January of last year, the Average Selling Price had dropped 24% from the previous year. We’ve seen the bottom and it’s in the rear view mirror, in this writer’s opinion.

 

Months of Inventory across the Region stood at 1.4 months. When you drill down to certain types of homes and certain neighbourhoods, that number can drop dramatically. Days on Market stood at 33 days, up from 6 days in the peak. I’ll take it. A month gives us marketers time to run ads, knock on doors, make calls and really dig for buyers the way we did in prior, balanced markets.

The Sale Price to List Price came in at 99%, very healthy. That means when Sellers finally figure out what that true market value of their home is, the market is giving it!

 

And drum roll finally; the Sales to New Listings Ratio clocked in at 65.1%, gently tipping into Seller territory. That figure is the one to watch as we head into the Spring market.

 

I’m confident this is going to be a good year in real estate in Durham Region. The market is complicated but that’s where our experience counts. If you’d like to know the value of your home, reach out to us for aFREE equity checkup!

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To get started, you can call us at 1.866.447.4434, email us at team@willowsgroup.ca, or complete the form.

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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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🏡 Step Into a Piece of Bowmanville History! Bui 🏡 Step Into a Piece of Bowmanville History!
Built in the 1920s and reimagined for modern living, this rare Prairie-style semi-detached home blends timeless craftsmanship with contemporary comfort. Think leaded glass, rich wood trim, and radiant heat—paired with a 16x34 ft. inground pool and a finished loft ready for your next creative idea.

Tucked on a quiet corner lot backing onto a park, you’re just steps from schools, shops, and the charm of downtown Bowmanville.

✨ A property with stories to tell… will you be the next chapter?

💡 Listed by Keith Williams & Lisa C. Follows — your A.I. Certified Agents™, using advanced A.I. Listing Advantage strategies to position this home where buyers are looking now.

💬 Curious to see it in person? Let’s make it happen.

📲 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 #DurhamRegionHomes #BowmanvilleRealEstate #ClaringtonRealEstate #AICertifiedAgent #AIListingAdvantage #JustListed #HistoricHome #OntarioHomes #DurhamRegionLiving #AIinRealEstate #OldBowmanville #HomeWithHistory #CharacterHome #ForSaleOntario
🏡 FOR SALE | Lakefront Living Meets Everyday Co 🏡 FOR SALE | Lakefront Living Meets Everyday Comfort!

What if your backyard opened to a lakefront sunset every evening?
At 264 Williams Point Rd, Scugog, that’s exactly what you’ll enjoy.

This 4-bedroom, 2-bath home radiates character with custom wood finishes, hardwood floors, and a fully renovated kitchen with stainless steel appliances, a gas stove, and a spacious island designed for gathering. Step out to a four-tier deck and a private dock — your front-row seat to the water’s edge.

From upgraded insulation and plumbing to a newer roof, every detail has been thoughtfully updated for comfort and peace of mind. Located on a school bus route and close to local parks and amenities, this home offers lakeside tranquility with practical convenience.

✨ Listed by Keith Williams and Lisa C. Follows — both A.I. Certified Agents™ using the A.I. Listing Advantage to give your property unmatched exposure and precision-targeted marketing.

💬 Ready to experience this lakefront lifestyle? Let’s talk!

📲 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 #DurhamRegionHomes #ScugogRealEstate #LakefrontLiving #LakefrontHomes #AICertifiedAgent #AIMarketingAdvantage #WaterfrontProperty #OntarioRealEstate #ForSale #RealEstateDurham #PortPerryHomes #YourNextHome
Thinking about retiring in a peaceful paradise? 🌳 Kawartha Lakes could be your perfect spot!

With its stunning views and welcoming communities, it’s like escaping to a serene retreat every day. Here's why it's ideal for retirees:

1️⃣ Relaxed Lifestyle: Kawartha Lakes is all about taking it easy and enjoying life. Imagine slow morning walks by the water.

2️⃣ Nature Galore: Love the outdoors? You'll never run out of trails to hike or lakes to fish. Perfect for those who want fresh air and lots of it!

3️⃣ Friendly People: Community matters! Friendly faces will make you feel right at home, and you'll find plenty of clubs and activities to join.

4️⃣ Support Systems: From healthcare to senior resources, everything is in place to make your life easier.

Thinking Kawartha Lakes might be for you? Let us guide you on this exciting new chapter. 🏞️

What do you look for in a retirement spot? Comment below! 👇

#RealEstate
FOR SALE 🏗️ | Endless Possibilities Await! E FOR SALE 🏗️ | Endless Possibilities Await!

Ever looked at a property and thought, “This could be something incredible”?
Here’s your chance to make it happen.

📍 Located just 20 minutes east of Port Perry, this nearly 1-acre commercial lot is your blank canvas for business success — with quick connections to Lindsay via Hwy 35, Peterborough via Hwy 115, and Toronto in under an hour.

💡 Featuring a solid concrete structure with two large bays, an office, washroom, and storage (plus a mechanics bay below), the setup is ready for your next idea — whether that’s an auto shop, contractor’s hub, garden supply center, or a live-work concept (with the right approvals).

This isn’t just a property — it’s potential waiting to be unlocked.

Ready to see how the A.I. Listing Advantage can help you make it yours? Let’s talk.

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

#WillowsRealtyGroup #DurhamRegionRealEstate #KawarthaLakesCommercial #AICertifiedAgents #AIMarketingAdvantage #ForSaleOntario #CommercialOpportunity #PortPerryProperty #DurhamBusinessSpace #InvestInOntario #RealEstateWithAI #KawarthaLakesProperty #EntrepreneurOpportunity #OntarioRealEstate #YourNextInvestment
📣 Ready to Outsmart the Market? In today’s f 📣 Ready to Outsmart the Market?

In today’s fast-paced real estate world, timing, targeting, and tech make all the difference. 💡

That’s where our A.I. Listing Advantage comes in. As A.I. Certified Agents, Keith Williams and Lisa C. Follows use data-driven insights to price your home strategically, predict buyer behavior, and craft marketing campaigns that reach the right audience—faster and smarter.

No guesswork. No wasted time. Just powerful results that give you the upper hand.

Curious how AI can help your property stand out in the Durham Region or Kawartha Lakes market? Let’s talk about how your home can be positioned for success.

📲 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 #AICertifiedAgents #AIMarketing #DurhamRegionRealEstate #KawarthaLakesHomes #AIMarketingAdvantage #RealEstateWithAI #SmartSelling #AIinRealEstate #HomeSellingExperts #KeithAndLisa #WillowsAIListingAdvantage #DurhamRegionHomes #ScugogLiving #RealEstateInnovation
🏠 FOR SALE – 39 Cutler Dr., Newcastle, ON Wh 🏠 FOR SALE – 39 Cutler Dr., Newcastle, ON

What if comfort, space, and convenience all came together on a quiet crescent?

Step inside this 4+1 bedroom, 4-bath home offering 2,249 sq. ft. of versatile living space designed for connection and everyday ease.
The bright eat-in kitchen flows into a cozy family room with a gas fireplace, while the main-floor laundry and triple-wide driveway add daily practicality.

Upstairs, unwind in the primary suite with its private balcony and 4-piece ensuite.
Need more room? The finished basement offers a rec room, guest suite, and full bath — perfect for hosting friends or family.

Outside, a fully fenced backyard with mature trees and an above-ground pool create the ultimate summer hangout spot.
All this just steps from downtown Newcastle’s shops, parks, and the future K–12 school site.

✨ Listed with Keith Williams & Lisa C. Follows — A.I. Certified Agents™
Experience the A.I. Listing Advantage, where smart marketing meets local expertise to get your property maximum exposure and qualified buyer interest.

📲 Contact Us Today!
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 A.I.
🌐 willowsrealtygroup.com

#WillowsRealtyGroup #DurhamRegionHomes #NewcastleRealEstate #AICertifiedAgent #AIMarketing #AIMarketingAdvantage #JustListed #NewcastleOntario #FamilyHome #OntarioRealEstate #HouseGoals #HomeSweetHome #RealEstateCanada #ForSaleOntario #YourNextHome #WillowsListing
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