Oshawa Real Estate Update
2011 Spring Real Estate Forecast
2011 Real estate forecast for Oshawa, Whitby, Courtice and Bowmanville
When is the best time to sell?
Why is January a better time to list than later in the spring?
1st Offer on our listings for 2011 – January 3rd! How did we find the Buyer? Call for Free Recorded Information 905-725-7289 Ext 5400
2011 Real Estate Forecast Oshawa
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Average Prices |
Activity (Comparison of Sales & Listings January – Dec 2009/January – November 2010) |
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|
2010 |
Sales |
Listings |
|
| Whitby | $317,600 |
Same |
+11.7% |
| Oshawa | $231,000 |
+7% |
+17% |
| Bowmanville | $260,700 |
-11% |
-9.4% |
Lindsay Smith Realtor in Oshawa, Whitby, Bowmanville and Courtice.
Courtice Homes, Bowmanville Homes, Oshawa Homes, Whitby Homes
Friday Morning Coffee – Selling your Oshawa Home? Why your chances increase in December.
Selling your Oshawa Home? Why your chances increase in December
- Most December and early January buyers are particularly serious and very likely facing some sort of deadline.
- January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt.
- Most sellers wait until spring or summer to list their home. This means that during the winter months your property will have far less competition versus any other time of the year.
- Homes show well when decorated for the holidays creating a sense of family and people are much more emotionally drawn to the house, emotion sells.
- Many people take vacation around the holidays allowing more time to look for a home.
- Remodelling, decorating, appliance installation and other services are more available and at less of a premium.
- Lenders aren’t as busy and can process mortgage loans faster.
Friday Morning Coffee – Why Buyers Choose “The Lindsay Smith Team”
Friday Morning Coffee – October report – How are Homes Selling in Oshawa, Whitby, Courtice & Bowmanville
What is happening specifically in your area and price range?
Friday Morning Coffee – How to Buy a Home in Oshawa, Whitby or Clarington
Techniques for interviewing agents
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The Difference Between a Functionary and Fiduciary Agent |
|
FUNCTIONARY |
FIDUCIARY |
1. Low Level |
1. High Level |
2. Low Relationship |
2. High Relationship |
3. Assumes Little Responsibility |
3. Accepts High Responsibility |
4. Uses Low Skill |
4. Masters High Skill |
5. Records Information |
5. Perceives Information |
6. Responds to Needs |
6. Anticipates Needs |
7. Processes Data |
7. Interprets Data |
8. Narrow Picture Viewpoint |
8. Big picture Viewpoint |
9. Delivers Information |
9. Advises and Consults |
10. Other-Directed |
10. Self-Directed |
11. Minimum Legal Responsibility |
11. Maximum Legal Responsibility |
12. Employee |
12. Partner |
13. Does the Task |
13. Owns the Task |
14. Tells and Sells |
14. Educates and Guides |
15. Stays out of Decision Making |
15. Involved in Decision Making |
16. Follows Rules and Procedures |
16. Uses Judgment and Intuition |
17. Replaceable |
17. Irreplaceable |
18. Minimally Paid |
18. Highly Paid |
Whitby/Bowmanville/ Oshawa Real estate – Absorption Rate – October 2010
What is and Absorption Chart?
The easiest way to describe this chart is to do so by way of asking a few questions: I think my home is worth in then $275,000 – $300,000 range. How many homes in this range have sold over the past month? How many are available for sale? What is the length of time that they are taking to sell?
|
Absorption Rates for Whitby |
||||
|
Price Range |
October Sales |
Active Listings |
Months of Supply |
|
|
150,000 – 175,000 |
0 | 0 | N/A | |
| 175,000 – 200,000 | 0 | 1 | N/A | |
| 200,000 – 225,000 | 1 | 3 | 3 months | |
| 225,000 – 250,000 | 10 | 30 | 3 months | |
| 250,000 – 275,000 | 26 | 57 | 2.2 months | |
| 275,000 – 300,000 | 12 | 42 | 3.5 months | |
| 300,000 – 325,000 | 13 | 41 | 3.2 months | |
| 325,000 – 350,000 | 16 | 41 | 2.6 months | |
| 350,000 – 375,000 | 10 | 26 | 2.6 months | |
| 375,000 – 400,000 | 13 | 31 | 2.4 months | |
| 400,000 – 425,000 | 5 | 17 | 3.4 months | |
| 425,000 – 450,000 | 5 | 19 | 3.8 months | |
| 450,000 – 500,000 | 5 | 23 |
4.6 months |
|
|
Absorption Rates for Oshawa |
||||
| Price Range | October Sales | Active Listings | Months of Supply | |
| 150,000 – 175,000 | 15 | 53 | 3.5 months | |
| 175,000 – 200,000 | 32 | 90 | 2.8 months | |
| 200,000 – 225,000 | 20 | 75 | 3.8 months | |
| 225,000 – 250,000 | 19 | 98 | 5.2 months | |
| 250,000 – 275,000 | 27 | 84 | 3.1 months | |
| 275,000 – 300,000 | 11 | 64 | 5.8 months | |
| 300,000 – 325,000 | 10 | 39 | 3.9 months | |
| 325,000 – 350,000 | 6 | 40 | 6.6 months | |
| 350,000 – 375,000 | 7 | 53 | 7.6 months | |
| 375,000 – 400,000 | 3 | 22 | 7.3 months | |
| 400,000 – 450,000 | 5 | 24 | 4.8 months | |
| 450,000 – 500,000 | 0 | 34 | N/A | |
|
Absorption Rates for Bowmanville/Courtice |
|||
| Price Range | October Sales | Active Listings | Months of Supply |
| 150,000 – 175,000 | 0 | 4 | N/A |
| 175,000 – 200,000 | 6 | 16 | 2.6 months |
| 200,000 – 225,000 | 14 | 35 | 2.5 months |
| 225,000 – 250,000 | 25 | 51 | 2 months |
| 250,000 – 275,000 | 13 | 79 | 6.1 months |
| 275,000 – 300,000 | 16 | 45 | 2.8 months |
| 300,000 – 325,000 | 8 | 22 | 2.8 months |
| 325,000 – 350,000 | 4 | 22 | 5.5 months |
| 350,000 – 375,000 | 1 | 14 | 14 months |
| 375,000 – 400,000 | 3 | 11 | 3.6 months |
| 400,000 – 500,000 | 3 | 16 | 5.3 months |
|
Absorption Rates for Whitby/Oshawa/Bowmanville |
|||
| Price Range | OctoberSales | Active Listings | Months of Supply |
| 150,000 – 175,000 | 15 | 57 | 3.8 months |
| 175,000 – 200,000 | 39 | 107 | 2.7 months |
| 200,000 – 225,000 | 35 | 113 | 3.2 months |
| 225,000 – 250,000 | 54 | 179 | 3.3 months |
| 250,000 – 275,000 | 66 | 175 | 2.7 months |
| 275,000 – 300,000 | 39 | 150 | 3.8 months |
| 300,000 – 325,000 | 31 | 102 | 3.3 months |
| 325,000 – 350,000 | 26 | 103 | 4 months |
| 350,000 – 375,000 | 18 | 71 | 4 months |
| 375,000 – 400,000 | 19 | 64 | 3.4 months |
| 400,000 – 500,000 | 20 | 103 | 5.2 months |
Would you like to receive weekly updates of Lindsay’s Top Ten Oshawa, Whitby, Courtice, Bowmanville real estate listings? Click Here or For Distressed/Power of Sale weekly update Click Here
Friday Morning Coffee – Oshawa 2010 Municipal – The Vote is in
What can you do to help to lower your property taxes?
Please email the below elected officials your desire to have property taxes lowered.
John Henry – john@votejohnhenry.ca
John Aker – voteaker2010@gmail.com
Bob Chapman – bob@bobchapman.ca
Nancy Diamond – nancy@electnancydiamond.com
Amy England – vote@amyengland.ca
Tito-Dante Marimpietri – titodantemarimpietri@gmail.com
John Neal – johnhneal@hotmail.com
Nester Pidwerbecki – nesterpid@rogers.com
Roger Bowman – oshawa2010@rogerbouma.ca
Mike Nicholson – mikenicholson@rogers.com
Bruce Wood – woodbr@sympatico.ca

Listen to what one very happy buyer has to say!











Changes to Oshawa Real Estate
How the Government changes to Mortgages and lines of credit affect buying or selling a home in Oshawa, Whitby Courtice and Bowmanville