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Matt Phillips Real Estate Professional

February 2020 Real Estate Market Stats For Durham Region

Tuesday Mar 3rd, 2020

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matt phillips low commission Realtor

Oshawa Housing Prices For February 2020   $563,000 was the average sold price for February 2020 in Oshawa.  That is up 3.2% on the month, up 11% for the quarter and up 15.4% for the yearly change! 387 new listings came on the market in the last 28 days.  262 homes sold and came off the market in Oshawa and took an average of 16 days to sell.   There is all time low for inventory and this is pushing selling price vs asking price ratio up to over asking... [read more]

Bidding Wars Are The New Norm For 2020 In Durham Region

Thursday Feb 13th, 2020

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Matt Phillips Low Commission Realtor

February is a complete sellers market in the GTA, especially the Durham Region.  There is a total lack of inventory right now and we are seeing 9 out of 10 homes sell for over the asking price.  Obviously buyers don't pay over  the asking price unless they are forced to by the competition.  This week alone i have seen a handful of homes sell for well over $100,000 over asking.  Many sellers are generating over 20 offers on their home right now.  In my... [read more]

Durham Region Real Estate Market Trends For December and 2020

Thursday Jan 2nd, 2020

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1% Realtor Matt Phillips

    As we start 2020 the Durham Region Real Estate Market continues to chug along nicely.  Prices continue to trend upwards, while the average days on market sitting around 20 days and shrinking.  Durham Region does have some of the lowest inventory levels going back as far as 20 years!  I think a lot of people are moving up but keeping their current homes and this is causing the low inventory levels ( just my opinion).   Lets dig into some... [read more]

Is Selling In The Winter A Good Idea?

Thursday Nov 28th, 2019

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House For Sale In The Winter. With Lots Of Snow On The Ground,

  Is Sellling My Home A Good Idea In The Winter? As November winds down in this final week, the market continues to chug along nicely!  I have been asked by multiple clients if selling a home in the winter is a good idea?  My response was yes.  Maybe not every winter but this winter the Durham Region Real Estate Market is showing low inventory levels and homes continue to sell.  This week alone we saw 25 more homes sell vs the prior week.  Below is 5 reasons... [read more]

Durham Region Housing Expected To Rise By 3% For 2020

Wednesday Nov 27th, 2019

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DURHAM REGION MARKET OUTLOOK FOR 2020 To get a hold of Matt Phillips please contact here. Listing Agent Low Commission Listing Fee Of 1% Top of the morning to everyone, I'm just having my 2nd coffee and reading the predictions for the 2020 housing market outlook by remax.  According to their report the average sale price in Durham Region rose from $593,902 in 2018 to 609,628 in 2019.  That's a 2.6% average increase for all of Durham Region.... [read more]

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