Sunday, January 14, 2018 / by Geoff Appleton
Durham ends 2017 with a balanced market for both buyers and sellers
2017 year-to-date value of all home sales in Durham Region totalled over $6.9 billion in dollar volume, a 3 per cent increase from 2016. This is a direct reflection of Durham Region’s economy and all the area has to offer families.
The average selling price as we finished the year in December was $575,064, a 3 per cent increase from the $574.901 average selling price in November. December also saw a slight increase over the average of $570,957 during the same period in 2016. The market remained balanced in the 4th Quarter, as it had corrected itself out of the April 2017 highs that saw the average selling price of $702,768. Durham finished the year end with a balanced market, which is good for both buyers and sellers.
Inventory of new listings in Durham increased to 711 in December 2017; this represents a 73 per cent increase from the ...
Tuesday, January 2, 2018 / by Alayne Keates Administration To Geoff Appleton & Associates
Happy New Year!
Welcome to the 2018 New Year edition of our exclusive monthly real estate newsletter!
January marks the beginning of a brand new year and offers 31 wonderful days to set goals, get excited about the future and release the past. Here’s a bit of trivia: January was named after the Roman god Janus, who had two faces which allowed him to look forward into the coming year and backwards into the past one. The original Roman calendar only had 10 months; January and February were added later. It was in 1622 that January 1st became the start of the new year; prior to that it was March 25. Who knew?!
The first day of January is an interesting date as it is both the furthest away and closet date to December 31. January’s birthstone is the Garnet, the stone of passionate devotion and health, and its flower is the Carnation, representing love, fascination and distinction.
For 2018, we are anticipating a strong b ...
Monday, December 4, 2017 / by Geoff Appleton
The Merriest of Holidays!
December is the busiest and most wonderful month of the year! The air fairly crackles with excitement and joy! Home to good, old fashioned Christmas baking, glittering lights on trees, festive get togethers with friends and family from far and wide, and thoughtful gift giving. It is the month where we celebrate love, kindness and generosity like no other.
The birthstones of December are the Turquoise, Zircon and Tanzanite, and its flowers are the Narcissus and Holly. The first month of winter, December has the shortest daylight hours of the year, and hosts the longest night – the Winter Solstice.
At this blessed holiday time, our thoughts always turn gratefully to all of you who have helped us achieve yet another successful year. Over the course of our careers, you have recommended us to your family, friends and neighbours and they in turn, have done the same. As a result, we are enjoying a career rich in long term, authe ...
Wednesday, October 4, 2017 / by Geoff Appleton
A Harvest of Happiness
October is so jammed packed with events and festivals and Fall family fun that it’s a good thing it has 31 days in it! October is the 10th month of the year, despite its origin from the word “octo” meaning 8. Its flower is the Calendula and its birthstones are the Opal and the Tourmaline, symbolizing faithfulness, purity, confidence and peace. October is the only time of the year that sports fans can enjoy all 4 major North American professional sports leagues – the NBA, NHL, NFL and MLB -- in action with scheduled games. It’s also home to 2 of our favorite holiday celebrations: Thanksgiving and Halloween.
In the real estate market, this October should see the continuation of the balanced market, where inventory is meeting or slightly exceeding the demands of the buyer population. With interest rates threatening to increase, buyers may choose to make a move before the Winter snows fly. While market condition ...
Monday, September 18, 2017 / by Geoff Appleton
BACK TO SCHOOL DAYS!
Welcome September, the 9th month of the year, boasting 30 days and the longest name of any month! Heralding many beginnings, including the Autumn season and the start of the academic year, September is also famous for kicking off the college and professional football season. The September birthstone is the Sapphire, known for representing trust and loyalty, and its flowers are the Forget-Me-Not, the Aster and the Morning Glory!
Once the kids are settled back into their regular school routine, we should see a slight uptick in the housing market locally. The massive gains of the first quarter are aging into a historic and brief anomaly in our marketplace, the likes of which we may not see again in such a robust fashion. The deluge of inventory that followed has somewhat subsided into a more reasonable pace and the listings-to-sales ratio is leveling to what we can predict to soon be “normal” or “balanced”, the kind of market co ...