Durham Region - In 2012, real estate in Durham Region proved to be a good investment with an average price increase of 7.37% across the region. Whitby (including Brooklin) enjoyed the largest growth with an 8.50% increase in home price from 2011.
In total, 10,521 homes were sold in all of Durham region which includes: Ajax, Brock, Clarington, Oshawa, Pickering, Scugog, Uxbridge, and Whitby. In 2011 there were 9,799 homes sold; an increase of 7.37% in volume.The average price in Durham region now stands at $336,968.11, up from the average price of $317,272.73 in 2011.
Another record was set in Durham region in 2012; the value of all real estate transactions. Over $3.5 billion in real estate value was traded in 2012, surpassing the previous record of $3.1 billion the year previous.
Low interest rates and a strong economy are accredited for much of the success the real estate industry has enjoyed in recent history.
Durham Region Average Real Estate Prices
Statistics provided by: Toronto Real Estate Board
Statistics interpreted by: Stephen Young, Realtor, Keller Williams Energy, Brokerage
