Friday, February 1, 2019 / by Alayne Keates Administration To Geoff Appleton & Associates
Home'Ward Bound February 2019
Roses are Red, Violets are Blue,
I’ve Prepared Valuable Insights for You!
Welcome to the February instalment of Home’Ward Bound! This month, all of our 2018 stats are in so we would like to dedicate the majority of this month’s offerings to Market Intelligence, so that you are informed and educated on the historical data and can therefore see the trends of the new market unfolding for 2019.
What are we anticipating for 2019? There are many factors at play right now, regionally, provincially and nationally and many voices that are indicating a challenging real estate marketplace ahead. However, we have seen challenging conditions before and succeeded – even thrived – in spite of it, netting great terms, conditions and value for our clients. And thus far, conditions have been balanced and fair, with all true indicators still showing us securely in the seat of a seller’s market.
It is ever our wish to be your wise counsel, guide and advocate for every real estate transaction you make, and we maintain that our true value and ideal service to you is in our knowledge, experience and insight. With that said, please enjoy this overview of 2018 and remember that we are only just a phone call, text or email away from serving you and your loved ones at the highest level of competence in the real estate industry.
To All the Families out there…
Right now, there are moms and dads out there struggling for their kids, wondering how to bring joy back into their lives as they fight debilitating illnesses. These families aren’t concerned with valentines or treats, they are simply being there, doing what loving families do.
This is where you can help…
As you probably know Make A Wish Canada does great work in helping Kids fight through and survive nasty diseases and cancers. And as you know Make A Wish® depends on sponsorships and donations to provide top care while keeping family costs to a minimum.
We are on a mission to raise $25,000 for Make A Wish Canada.work in helping kids fight thru and survive nasty debilitating diseases like cancer, non-Hodgkin’s lymphoma, leukemia is second to none! Make A Wish Canada isfor profit and survives onand donations.are committed to donating a portion of our income from home sales to this very worthy cause.
So, YOUR REFERRALS REALLY DO HELP THE KIDS…
Who do you know considering buying or selling a home you could refer to my real estate sales team?
Not only will they benefit from our award-winning service, you can rest assured a very worthy cause benefits as well!
I want to make it easy to refer your friends, neighbours, associates or family members considering making a move, so here are your options:
1. You can go to www.ReferAFriend.info and enter their contact info on line or forward the link to who you know considering a move.
2. Of course you can always call me direct as well at 905-728-1600.
Remember our promises to buyers and sellers!
Home Sellers Receive this guarantee: Your Home Sold at Your Price or We’ll Buy It!*
Home Buyers Receive this guarantee: Guaranteed 100% Satisfaction With Your Home Purchase or We’ll Buy It Back!*
Life moves fast for some and we are eager to make the Home Selling and Buying experience a smooth rewarding one. Over the years of helping families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for, but that a portion of the income we receive will go toward a very worthy cause.
The Highs, Lows and Oohhs of the Market
In December, the Durham Region Association of REALTORS reported 446 residential sales in the Durham Region, a 39% drop from the 730 reported in November 2018. However, it is important to note that December is typically the weakest month of the year for real estate sales. For example, December of 2017 reported 545 sales, and while higher by 18% than this year, December overall tends to see sales hovering in the mid 400’s to mid 500’s traditionally. Your proof: December 2016 reported 528 sales, December 2015 reported 548 sales, and December 2014 reported 478 sales, bringing our 5 year historical average for the month of December to 509 units sold.
The average selling price in Durham for the month of December 2018 was $587,200, dropping $3,203 from November 2018’s $590,403. However, it was a significant increase of $12,136 from the year before, when the average was $575,064 for December 2017. A little walk down memory lane reveals that December 2016’s average was $570,957, December 2015’s average was $451,671 and December 2014’s average was just $386,885. 5 years in the marketplace sure has grown significant equity for homeowners!
The Year in Review
From this chart you can see that only January 2018 posted an average sale price under $580,000, resulting in the overall average sale price for all home styles in Durham Region to finish just shy of $600,000! That’s very impressive when you consider the following 10 year historical table:
The amount of new listing inventory coming onto the market between November 2018 and December 2018 was just 543 units, down significantly from the same period the year before, which saw 711 new listings enter the market, and down massively from November 2018, which saw 1,179 new listings come on the market. The Durham Region finished out 2018 with 1,289 Active Listings on the market as we entered 2019. In total, 18,233 New Listings were taken in 2018, resulting in a 49% sales ratio, or every 1 in 2 listings being sold. The Average Sale to List Price Ratio for the year was 98% with the Days on Market Average coming in at 24. In 2017, the Average Sale to List Price Ratio was 105% with a 15 day average market time. In 2016, those same valuations were 104% and 12 days, respectively.
The Durham Region saw a dollar volume in sales of $5.3 billion in 2018, down 24% from the previous year. Oshawa once again led the way in both listings taken and number of sales, finishing the year with a sales volume of $1.2 billion. Here’s the breakdown, community by community:
As always, we have included below a snapshot of performance of the overall market in the Durham Region for the month. For a more specific look at your community, your neighbourhood and your housing style, just call us. We are always available to update you personally on current statistics and inventory, and how they are affecting your home’s value.
Average Price Breakdowns for December:
- The average detached dwelling sold for $640,849 and sold for 97% of list price in 35 days. A total of 309 units were sold.
- The average semi-detached dwelling sold for $495,212 and sold for 99% of list price in 26 days. A total of 26 units were sold.
- The average link dwelling sold for $504,808 and sold for 98% of list price in 42 days. A total of 13 units were sold.
- The average freehold townhouse sold for $532,559 and sold for 99% of list price in 22 days. A total of 39 units were sold.
- The average condominium apartment sold for $397,619 and sold for 98% of list price in 42 days. A total of 27 units were sold.
- The average condominium townhouse sold for $403,924 and sold for 98% of list price in 28 days. A total of 32 units were sold.
Bragging Rights...
Great things are happening in our community and here are just a few examples to prove that the Durham Region is a great place to live, work and play:
- Construction is underway on the brand new Whitby Playdium, a 36,000 sq ft, tech-infused entertainment complex located in the Whitby Entertainment Centrum by the 401. The facility will feature video games, virtual reality and play attractions like augmented climbing walls, bowling, rope courses and bi-level laser tag. Food and beverage options plus private party rooms will round out this entertainment destination, set to open summer 2019.
- Nordik Spa-Nature Whitby is set to open fall 2019. This 385,000 sq ft, $20 million destination spa promises world class facilities and experiences and will draw thousands of tourists a year to our region.
- The Bowmanville Hospital redevelopment includes construction of a new hospital wing that will house a new Emergency Room Department, new surgical suites, new Critical Care units and a new Diagnostic Imaging Centre.
- Toyota Canada is preparing to open its brand new Eastern Canada Parts Distribution Centre for fall 2019. The Bowmanville facility, located at Lamb’s Rd and Baseline is a 350,000 sq ft LEED silver certified building situated on 30 acres of land. Toyota has invested $40 million into the facility that will employ 150 people with room for expansion.
- Trent University’s Board of Governors recently approved a new campus expansion and new programs for its Oshawa site, including new residence and academic buildings.
- UOIT is moving ahead with plans for a new $100 million Centre for Advanced Research, Innovation and Entrepreneurship (CARIE). CARIE will act as a catalyst for a new cluster of advanced manufacturing research and development in strategic industries such as nuclear, electrical and alternative energy systems, automotive and transportation, new materials and robotics.
Remember Our Promises to Buyers and Sellers!
Home Sellers Receive this Guarantee: Your Home Sold at Your Price or We’ll Buy It!*
Home Buyers Receive this Guarantee: Guaranteed 100% Satisfaction With Your Home Purchase or We’ll Buy It Back!*
Life moves fast for some and we are eager to make the Home Selling and Buying experience a smooth and rewarding one. Over the years of helping families to sell their homes and/or buy another, we have met some wonderful, loving, caring people. People like you!
So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for, but that a portion of the income we receive will go towards a very worthy cause.
Why I Support
I grew up right here in Oshawa. Born in Oshawa General Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease that was granted A Wish from Children's Wish Foundation . This was the turning point in this persons recovery. It was then that I began to pay closer attention to the work they do. Since then, I have learned that it is a collection of hard working professionals all coming together for a common cause. That cause is to help young people over come unfortunate health issues that life sometimes throws our way. I take pride in supporting in a way that I can, the good work these people do at Make A Wish . My team rally’s around our annual goal of raising money and donating portions of our income to help Make A Wish in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Make A Wish shares similar commitments to their patients. And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.
Sincerely,
Geoff Appleton
Your Referrals Help the Kids
Over the years of helping families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help - you can rest assured that not only will they get the award winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.
Not only will they benefit from our award winning service, you can rest assured we are also donating to a very worthy cause.
Again, it’s easy to refer your friends, neighbours, associates or family members considering making a move:
1. You can go to www.ReferAFriend.info and enter their contact info on line or forward the link to who you know considering a move.
2. Of course you can always call me direct as well at 905-728-1600.
With all my appreciation.
Geoff Appleton sales representative Remax Jazz Inc Brokerage
P.S. The story of this young person below may cause you to look at your loved ones differently. It did me. Check it out.
FEBRUARY DATES TO REMEMBER
February is the second and shortest month of the year with 28 days; 29 days every fourth year (the next being in 2020). The Amethyst is the birthstone and the Primrose is the flower.
The length of February has changed over time, having been added to the calendar in 713 BC, at one point it had as few as 23 days. It was when Julius Caesar remade the Roman calendar that the month was assigned 28 days and 29 during leap years.
February is Black History Month
February 2-30
Winterlude
February 2
Groundhog Day
February 3
Superbowl Sunday
February 14
Valentines Day
Febraury 15
National Flag of Canada Day
February 18
Family Day
FAMILY DAY FUN
IN DURHAM REGION!
February 18, 2019
WINTERFEST at the McLean Community Centre in Ajax. 11am-4pm, boasting lots of winter activities for the whole family!
FAMILY DAY IN WHITBY at the Whitby Civic Recreation Complex and multiple other locations. 10am-4pm. Swimming, skating, movies, classes, crafts and more. Visit www.whitby.ca/familyday for details.
FREE FAMILY FUN DAY Downtown Oshawa 10am-3pm. Get your passport to free skating at the Tribute Centre, magic show, jumping castle, petting zoo, outdoor games, hot cocoa, food vendors and more! Visit www.CBNH.org for details.
Family Day is meant to be spent with families & is coming soon! All of us on The Geoff Appleton Team want you to have some fun with your Family! So we've put some great items together for a Family Day Giveaway!
Prize is Complete with:
“Louis loves feeling the wind on his face and listening to the birds singing, but there were so many mosquitoes on him that it was impossible to stay outside, says Louis' mother. With the pavilion, Louis will finally be able to enjoy being outside in the spring, summer and fall, nap outdoors and breathe in the fresh air.”
Family Day is meant to be spent with families & is coming soon! All of us on The Geoff Appleton Team want you to have some fun with your Family! So we've put some great items together for a Family Day Giveaway!
Prize is Complete with:
$100 Ultimate Dining Gift Card
$50 Cineplex Gift Card
Speak Out Game
It’s so easy to enter!!
Like our *PAGE*
Tag 3 friends in the comments the giveaway post that is pinned to the top of the page
Share the post
After you’ve done that you’re entered!! You can sit back and wait until the contest closes at 9 am February 15th! We’ll announce the winner on our Facebook page that day!
Louis' wish brings him comfort and joy
Louis loves spending time in his backyard, surrounded by beautiful trees and chirping birds. Because of his neurological disorder, Louis couldn’t stay outside for a very long time in the warmer months because he can't move well on his own and is unable to swat away bugs. Louis' medical condition has limited his time outdoors and he wished for a safe space to enjoy time outside.
His new screened-in outdoor pavilion was furnished for his needs with a cozy suspended hammock and an outdoor bed where he can rest comfortably. When his parents placed him on his hammock, Louis couldn't stop smiling - it was clear that he was thrilled that his wish had come true.
“Louis loves feeling the wind on his face and listening to the birds singing, but there were so many mosquitoes on him that it was impossible to stay outside, says Louis' mother. With the pavilion, Louis will finally be able to enjoy being outside in the spring, summer and fall, nap outdoors and breathe in the fresh air.”
When a wish is granted, it does much more than bring joy to a child’s heart. For kids like Louis, who are faced with critical illnesses, a wish-come-true provides them with strength to battle through darkness and gives them hope for healthier, happier days ahead.
