Saturday, March 19, 2011

Toronto Suburbs Durham Region Real Estate Report

This is the final installment in a four part series looking at real estate sales in Toronto Suburbs for winter 2011. This installment will focus on Durham Region which is located to the east of Toronto and includes: the Cities of Oshawa and Pickering, the Towns of Ajax and Whitby, the Townships of Brock, Scugog and Uxbridge and the Municipality of Clarington.
We will begin our tour in the City of Pickering which is located on the east border of the City of Toronto. There have been 170 sales recorded thus far in the $230,000-$975,000 price range. The median price comes in around $400,000. The majority of these sales have taken place in south Pickering, in new subdivisions that are located near conservation areas or close to Lake Ontario.
Moving east the Town of Ajax recorded 285 sales between $200,000-$850,000. Starter homes represented the bulk of these sales with 200 homes selling for less than $400,000. These included bungalows, attached and semi-detached houses and some detached houses as well. Just 28 houses sold above $500,000. Two estate homes on private treed lots in the north end of town sold for over $1 million.
The Town of Whitby was also busy with 268 homes selling in the central and south end of town in the $200,000-$600,000 range. A handful of century homes and waterfront properties broke the $500,000 mark. There were a further 60 sales in the scenic Brooklin community at the north-end of town with a median sale price of $350,000. The new home subdivisions here have picked up the new urbanism theme which includes heritage inspired architecture that has proven to be very popular with families.
The City of Oshawa is showing positive signs with 300 sales between $100,000-$300,000 making this one of the most affordable markets among Toronto Suburbs. A further 37 sales took place over $370,000, with many of these in the north-end of Oshawa where new home subdivisions such as The Neighbourhoods of Windfields Farm have proven to be very popular.
The municipality of Clarington is situated at the far eastern edge of Durham Region. This largely rural township was fairly busy with 135 sales. Most of these sold in the $150,000-$400,000 price range and included the likes of an attached townhome with built-in garage in Clarington, an in-town heritage home in Bowmanville and a ranch-style bungalow in rural Courtice. There were an additional 10 sales in the $415,000-$850,000 price range with many of thee taking place in Newcastle at the south-end of the township close to Lake Ontario.
The Township of Scugog accounted for 65 sales in total with prices ranging from $100,000-$695,000. Almost all of these were detached homes with a median price of 435,000. Most of these sales took place in Port Perry with some enjoying views of Lake Scugog. Brock Township which forms the northernmost part of Durham region recorded 36 sales ranging from $100,000-$800,000. These sales were fairly evenly distributed between the communities of Beaverton, Brock, Sunderland and Cannington with a median price of $225,000. The higher-end sales consisted of hobby or horse farms and Lake Simcoe waterfront properties.
Please note all of the aforementioned stats are based on Toronto Real Estate Board MLS sales and are approximate numbers only. For a more detailed analysis of your community please contact the Realtor Sponsor on this website for your area.

3 comments:

  1. Great blog! I'd love to have my own condo unit,too!

    Toronto Condo

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  2. The Toronto suburbs Durham real estate has been described very well by you. The information is very useful
    The Nautical Condos

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  3. SevernWoods Fine Homes is a custom home builder in Durham- it's a great neighbourhood! www.severnwoods.com

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