Sellers beware as homes in Oshawa, Pickering and GTA re-listed way below original asking prices

Finding the right price point to sell a home has proven to be difficult for a couple of local realtors, with homes in Oshawa and Pickering recently re-listed at $166,000 and $136,000, respectively, below the original asking price to entice some buyers to the table.

The price drops for the Durham Region properties are not even close to the deepest cuts among homes for sale in the GTA, with a four-bedroom home at 160 Howland Avenue in Toronto’s upscale Annex neighbourhood at #1. The home was listed November 6 for $2,999,999 – a full half a million dollars below the asking price from two months before.

In the second spot was a three-bedroom house at 3 Baby Point Road in Brampton that was purchased in 2016 for $580,000 and put back on the market October 17 of this year for $1,048,888 before being re-listed November 5 for $825,999.

A ‘cozy’ detached home just south of Oshawa’s downtown at 269 Court Street Oshawa takes the third spot, with the three-bedroom, one bathroom house now on sale for $399,000 – $166,000 below the $589,000 asking price from October 10.

At #4 in the GTA is a three-bedroom, four bath townhouse in Pickering’s Highbush neighbourhood now listed at $136,000 below its original asking price. The home at 1965 Altona Road, Unit 19, went on the market October 15 for $985,000 before getting re-listed this month at $849,000.

169 Court Street Oshawa. Now listed $166,000 below the original asking price