COULD OSHAWA HOME PRICES BE UNDERVALUED?
Thursday Sep 19th, 2019
Is Oshawa undervalued? I will start by saying Im a 2nd generation realtor born and raised in the Durham Region. I have over 18 years in the business and my team and I have combined sales of over 500 homes in the area. So my opinion could be a slightly bias lol. However the average selling prices in the GTA are backing up my argument. Lets take a roughly 40 min Radius of downtown Toronto. Heading towards the west we have Burlington, to the north Newmarket and to the east we have the Oshawa real estate market.
Average Selling Prices from August 18th, 2019 to September 15th, 2019
*Burlington's Average selling price was $777,000 a yearly increase of 1.1%
*Newmarket's Average selling price was $805,000 and a yearly increase of 3.4%
*Oshawa's Average selling price was only $505,000 and yearly increase of 6.8% (doubling Newmarket)
To me those numbers are indicating that Oshawa real estate market is the best bang for the buck! If I am considering the GTA and being close to Toronto is important to my family. I am going to take a good hard look at those numbers and choose EAST GTA, in order to save the $300,000 Oshawa's price increase the past month has exactly doubled those of Newmarket's. Maybe a sign of things to come?
Thanks for reading!
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