October 10, 2024

Scugog Housing September 2024

Scugog Housing September 2024

Township of Scugog

Housing Market Report for September 2024

Here is the Region of Durham  Housing September 2024 report (all housing types), with reports from the Canadian Real Estate Association,  and Toronto Regional Real Estate Board included.

This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.

 

Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.

 


 

COMING SOON

 


 

 

 

From Toronto Regional Real Estate Board

 

 

 

Read the Toronto Regional Real Estate Board  Market Watch Report 

 

 


 

Township of Scugog

 

Township of Scugog Full Report

 

In September 2024, the real estate market in the Township of Scugog saw a notable decline in prices but an increase in activity. The average sales price dropped to $940,838, down 8.6% from August’s $1,029,883 and 17.5% lower than September 2023’s $1,140,500. Despite the price decrease, total sales for the month increased to 32, up from 23 in August and 21 in September last year, indicating a busier market. New listings also rose to 70, compared to 53 last month and 50 in September 2023, giving buyers more options. The months of inventory decreased slightly to 3.06, bringing the market to the low end of balanced territory, suggesting a more even playing field between buyers and sellers.

The market is seeing a growing number of properties with price adjustments, with 61% of listed homes lowering their asking prices. Many sellers are being forced to re-list at lower prices, reflecting the market’s current conditions. This trend is expected to continue, particularly with the Federal Government’s recent announcement to raise the default mortgage insurance minimum to $1.5 million and extend 30-year amortization to first-time homebuyers, effective December 15. The upcoming Bank of Canada rate announcements on October 23rd and December 11th could also keep some buyers cautious, as they wait for potential shifts in interest rates and further downward pressure on prices.

 

Scugog Housing September 2024

 

Average Sold Price

Scugog Housing September 2024

 

Number of Properties Sold

Scugog Housing September 2024

 

Active Listings

Scugog Housing September 2024

 

Number of New Listings

Scugog Housing September 2024

Months of Inventory

Scugog Housing September 2024

 

 


 

*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.

Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.

 

Click below for more reports

Durham Region

Township of Uxbridge

Township Brock

 

Check out our Uxbridge and Scugog Events Pages to keep up to date on whats going on around town.  Click the links or scan the Code with your phone to take you directly there.

 

UXBRIDGE EVENTS

 

 

SCUGOG EVENTS 

 

Neighbour News