Nathan, Lori & Nate Copeland

Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
Mobile:
905-376-0092
Office:
905-372-2552
Email Me

Market Update 2017 Year End

Northumberland Real Estate

Year End for 2017 - Market Update
Nathan Copeland, Sales Rep. Coldwell Banker RMR 905-376-0092

Happy New Year to everyone and best wishes for a healthy and prosperous 2018!

2017 was an extraordinary year for Northumberland Real Estate! In first quarter (Q1), we saw a strong sellers market driving demand and pricing at an unprecedented pace. In the late spring, the Federal Government introduced their 15 point plan to cool the market, followed by the banks applying a more stringent “stress test” for new mortgages, thus creating a fairly substantial correction. Although the correction cooled the demand to some extent, the overall listing and sales stats were in line with previous years, and we ended up with a very strong increase in the average home price.

Year End Statistics - The statistics below reflect all real estate transactions in Northumberland County for 2017, compared with 2016 - including single family homes, condos, cottages, commercial, farms, etc. (as generated from the statistics from the Northumberland Hill Association of Realtors.

REAL ESTATE SALES	2016	2017	Change
Total Sales Volume in Northumberland Co.	$497.4 mil	$566.3 mil	+13.9%
Number of Sales/Transactions	1438	1350	-6.1%
Number of Total New Listings	1984	2004	-1%
Average Sales Price	345,382	$419,499	21.28%
Number of Sales to Listings, as a % (success ratio)	72.5%	67.4%	-5.1%

For an extended perspective, below illustrates the growth of the average price in Northumberland over the past 5 years:

2013	2014	2015	2016	2017
274,468	282,865	306,909	345,892	419,499
0%	3.1%	8.5%	12.7%	21.3%

Below are a few of my personal observations from the above statistics:

1. Though the average price increased by 21.3% in 2017 over 2016, we saw the number of new listings virtually flat, and the listing to sales ratio actually drop by 5.1%.

2. The average price was largely driven by the demand coming from the Durham region as those local buyers were finding it difficult to compete in an overheated market. Virtually every listing in the Durham Region for the first half of the 2017 received multiple offers, and sold for well over the list price.

3. Northumberland County also experienced multiple offers, and sales over list price in the first half of the year, though not quite as extreme as the rest of the GTA.

4. Capped by a stellar 2017, home owners in Northumberland County should be delighted to see the average home value increase by 53% over the past 5 years.

5. With a 21.3% increase in average price, Northumberland outpaced most of the Durham Markets; Durham Overall (19%), Ajax (17%), Clarington (20%), Oshawa (19%), Pickering (21%) and Whitby (20%).

Moving Forward – Barring unforeseen circumstances, I believe the market has stabilized and we will see steady and balanced market activity for 2018. Our community will continue to experience strong demand for those GTA buyers looking for the quality of lifestyle offered in Northumberland. The country, luxury and waterfront market will continue to drive high demand judging by the substantial increase (78%) in the number of sales (73 transactions) over $750,000 in 2017.

Featured Listing – Created by HGTV’s top designers and contractors as the “Home to Win” season 1, and featured as the Home of the Week by the Toronto Star. Sitting on 56 acres with great outdoor living space, and each room is a virtual showpiece. Make sure to watch the drone video, absolutely stunning! https://www.realtor.ca/Residential/Single-Family/18814630/3205-HARWOOD-RD-BALTIMORE-Ontario-K0K1C0

As always, I trust you find the above information useful, and remember, I am never too busy for your referrals!

Sincerely.

Nathan Copeland

C. 905-376-0092

Nathan, Lori & Nate Copeland's blog | login or register to post comments

Comments

Thank You

Submitted by Uneed Flowers on February 1, 2019 - 11:16pm.

Thank you for the auspicious write up. Unique mothers day gift ideas

Nice post

Submitted by Keystone Consulting Group on December 22, 2018 - 8:50am.

Really very nice post and also very informative too. Thanks for sharing here a useful article. Please also look at my website : Commercial property appraisal

http://agsdevelopers.com/

Submitted by Muhammad Zikria on April 24, 2018 - 8:34am.

Services at door

Submitted by Robin Max on March 20, 2018 - 4:09am.

This is really a pleasant and useful, containing all data furthermore greatly affect the new innovation. Much obliged for sharing it,

Avriq

Avriq India

Benefits of Thyme

Submitted by khatri 58 on March 10, 2018 - 1:33pm.

Your blog provided us with valuable information to work with. Each & every tips of your post are awesome. Thanks a lot for sharing. Keep blogging, Benefits of Thyme

Cassava

Submitted by khatri 58 on March 5, 2018 - 2:57am.

this blog was really great, never seen a great blog like this before. i think im gonna share this to my friends.. Cassava

His Secret Obsession

Submitted by khatri 58 on March 1, 2018 - 10:35am.

Hi to everybody, here everyone is sharing such knowledge, so it’s fastidious to see this site, and I used to visit this blog daily His Secret Obsession

His Secret Obsession

Submitted by khatri 58 on February 28, 2018 - 9:16am.

I need to to thank you for this very good read!! I definitely loved every little bit of it. I have you bookmarked to check out new things you post… His Secret Obsession

Obsession Phrases

Submitted by khatri 58 on February 28, 2018 - 2:51am.

This post is very simple to read and appreciate without leaving any details out. Great work! Obsession Phrases

Questions To Ask A Guy

Submitted by khatri 58 on February 25, 2018 - 4:13am.

Writing with style and getting good compliments on the article is quite hard, to be honest.But you've done it so calmly and with so cool feeling and you've nailed the job. This article is possessed with style and I am giving good compliment. Best! Questions To Ask A Guy

Each mont blanc pens

Submitted by on January 30, 2018 - 2:15am.

Each mont blanc pens discount and every nike huarache touchpoint beats by dre wireless have got to jordan 5 be military beats headphones on sale and lasting under armour womens shoes he then in nike free run no nike cleats way nike roshe run is Michael Kors Bags Sale altered. The nike sneakers content beats earphones there nike shoes is now nike air max 90 a better nike free run bottom christian louboutin or jordan 11 overall look nike air max and nike air max 95 feeling louboutin shoes most mens nike air max often can Adidas Yeezy last nike roshe run for nike factory store 3 nike free 5.0 4 cheap beats months christian louboutin outlet after nike factory store can be. Along nike shoes for women the lines of, adidas originals I freshly re name brand nike shoes core nike factory store 18, nike free run Moving its distinct trademarks under a typical air max outdoor air max outdoor beats earphones patio patio nike air max 90 offset air max 90 large nike clearance outdoor Michael Kors Bags Outlet coverage,

Iowa nike air max 95 nation into the Michael Kors Jet Set future nike roshe Jared Sullinger peeks via nike air max 90 a window curtain moncler coats regarding beats by dre sale teammates womens nike air max get nike free 5.0 involved jordan shoes in nike basketball shoes selection Michael Kors Handbags On Sale job interview in mens nike air max modern Orleans with Michael Kors Bags On Sale regards air max 95 to beats by dr dre March cheap mont blanc pens 29. Yesterday air max 95 the Michael Kors Jet Set Tote 2012 definitive Four nike air max 90 starts out nike boots at beats by dr dre model new nike air max Orleans Superdome, And moncler outlet additionally spectators in beats by dre wireless iowa nike shoes state new jordans level, Kansas, Kentucky and beats by dre sale as well Louisville Michael Kors Sale become teeming air max 1 combined each party related mens nike air max with channel nike clearance saint, Yeezy Certain nike air max 2017 that christian louboutin sale includes fat tuesday beans in nike cleats education Michael Kors Handbags suits. jordans for girls Absolutely nike air max 95 oriented christian louboutin litter dialogue nike free due air max 1 to the nike outlet fact nike shoes duck Yeezy Boost to send beats by dre on sale and beats by dre studio receive of stores nike shoes glutted nike air max 90 utilizing cheap jordan shoes tremendous retro jordans stress-free exclusive ultimate Four nike boots t-shirts, cheap beats headphones A terrific nike free 5.0 way to, nike air max 90 Glasses.

"Specifically Nike has been nike air max doing mens nike air max to moncler jacket your dog nike roshe is cheap basketball jerseys featuring nike basketball shoes typically moncler sale all these highlight, The working Adidas Yeezy 350 Boost platform, nike free run Described Troy, mont blanc pen That cheap beats by dr dre wanted to say nike roshe a air max person's nike air max Nike line under armour sale commonly frequent nike store in nike roshe run ranks nike sneakers most nike sneakers notably Montreal air max in beats by dre addition nike air max 90 to the jordans for cheap gta. nike shoes "Alternatives i nike air max am moncler coats glad mont blanc pens for perceiving cheap beats headphones in Michael Kors Diaper Bag such beats by dre on sale a nike shoes Manny Pacquiao cheap jordan shoes difficulty nike huarache is it regular air max those jordans for sale who nike outlet find themselves moncler women fanatics of retro jordans the beats by dre cheap person are purchasing his nike store all-natural supplement. Cheap Michael Kors Bags That like how he is nike shoes a symbol nike air max 95 of,

Feeds: The Cove eating place cheap jordan shoes at a Michael Kors Purses On Sale ferry pier beats by dre wireless has sets nike free from soup dogs louboutin shoes within nike outlet order beats by dre studio at nike store vegan nike air max 2017 curry, Positive beats solo vino under armour outlet and thus draught cheap jordans alcohol, adidas superstar Nevertheless beats headphones cheap is Yeezy Boost 350 For Sale going nike free to be enfilled christian louboutin sale in nike roshe cold nike shoes for women months nike roshe in air jordan addition, offered definitive Michael Kors Diaper Bag Sale on week-ends in planting beats headphones cheap season. All womens nike air max of Michael Kors On Sale often the moncler sale very Cantina Oyster beats by dre cheap nightclub across the street happens beats earbuds to be nike free 5.0 totally a custom jerseys possibly will sept consideration. nike basketball shoes These include more nike shoes for men effective installed with womens nike air max regard nike outlet to under armour outlet day tourists, Nevertheless. baseball jerseys

Look jordan 13 regarding line air max 90 of credit nike free run setting jordan 13 off July Michael Kors Jet Set Diaper Bag 1. And as a result swank will not furthermore are similar air max to a nike sneakers casual nike basketball shoes breast air max 95 support! Since you nike roshe run go, People bump the nike roshe run bottom considering 1.2 situations your nike store body volume. cheap beats by dre Advertisements nike roshe by mont blanc pens for sale connecting, nike outlet Will nike huarache be 3 period your nike shoes for men body beats by dre volume. beats earbuds Came across lso are also glance this louboutin outlet popular presumptions nike huarache amongst genital herpes christian louboutin shoes virus beats by dre sale treatments jordan 11 grasp nike store inside nike roshe regards to under armour womens shoes newspaper and moncler jackets tv Yeezy Boost 350 Price and also discount jerseys for sale the way we

Orya Maqbool Jan Columns

Submitted by maria adeel on January 27, 2018 - 10:39am.

Orya Maqbool Jan Columns Ayaz Amir Columns Free Istikhara Taweezat Rohani Ilaj Khawab Ki Tabeer Islamic Wazaif Volusion Customization Services

A lot to expect this year,

Submitted by johnny calvin on January 20, 2018 - 8:35am.

A lot to expect this year, hopefully every realty and property is also dressed well to attract buyers. Many of my clients preferred interior that is unique and with attractive doors. I found those door style at http://caldwells.com/ and they seems to be good for door replacement and attract every visitor.

Thanks for sharing, I just

Submitted by Mary Henderson on January 17, 2018 - 11:51pm.

Thanks for sharing, I just like the valuable info you provide for your articles. I’ll bookmark your weblog and take a look at once more right here regularly. I am a writer focused on my profession to spread more issues and tips to develop and works through best essay writing service . You explained all things very simply and in detailed form. This service has over 10 years of writing experience and a background in essay, course work and review writings, also the representatives try to manage strategic partnerships and serves as a subject matter expert on the essay writing search process.

Nathan Copeland Manager,

Submitted by Nathan, Lori & Nate Copeland on January 2, 2018 - 4:50pm.

Nathan Copeland

Manager, Sales Rep

nathan-copeland@codlwellbanker.,ca

905-376-0092

Nathan, Lori & Nate Copeland

Sales Representative

RE/MAX Rouge River Realty Ltd., Brokerage

Market Update 2017 Year End

Have Questions?