Homes in Whitby, Oshawa, Scugog and Pickering selling for as high as $3.28 million last month

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Published February 18, 2022 at 12:59 pm

Historic low inventories in real estate may lead to price wars and homes selling way above asking with average-prices homes, but there are bargains to be had in the high-end market, IF you have $2 to $3 million to spend.

The five most expensive homes sold in Durham Region in January all sold for under asking, in some cases just $12,000 under and in others as much as $175,000 under the original asking price. But when you have that much to spend on a property, you can afford to be choosy.

445 Townline Road, Ashburn (Whitby)

The most expensive home sold in Durham last month was a 10-acres property in Ashburn, 15 minutes north of Whitby’s town centre. The 3,500-5,000 square-foot home, which comes with an inground saltwater pool with cabana, a private stocked pond with dock, as well as streams and walking trails and manicured landscaping, sold for $3.28 million.

The next most expensive was just a few minutes to the east in Oshawa’s Raglan neighbourhood. This 5,000 sq. ft home on 1.71 acres also has an inground saltwater pool with cabana and sports an indoor theatre. The home sold for $2.888 million.

Other properties making the list include 50 Stephenson Point Road in Scugog ($2.65 million), 512 Cliffview Road in Pickering ($2.625 million and $175,000 under asking) and 3235 Demara Road, Scugog ($2,388,888).

99 Hurd Street, Raglan (Oshawa)

Housing prices in Oshawa, Whitby and Pickering are all up 28-29 per cent from last year while Scugog prices are up 16 per cent year-to-year.

There were 609 total transactions in Durham, down slightly (six per cent) from last year, while total new listings are down 25 per cent year-over year, helping to illustrate how low supply is constraining overall sales velocity in the marketplace, according to Zoocasa Realty Inc.

The average price for a property in the Region climbed to $1,175,010 last month, up 34 per cent, year-over-year.

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