Whitby
Whitby, a charming town in Canada, offers a favorable landscape for affordable housing. With a range of housing options, from detached houses to townhomes and condos, Whitby caters to various budgetary needs.
Opportunities are available in the town’s real estate market for first-time purchasers as well as those seeking to upgrade or downsize. Whitby’s homes are more affordable than those in neighbouring cities due to a number of variables, such as reasonable costs compared to those in those areas, cheap property taxes, and a balanced housing supply. The town is a desirable option for families and people seeking cheap homeownership without sacrificing convenience and quality of life because of its well-developed infrastructure, high-class schools, and close proximity to services.
Real Estate Market Outlook of Whitby August 2023
The prediction for Whitby’s real estate market in July 2023 shows a promising environment for both buyers and sellers. Market stability and steady growth are still present. The town’s popularity and high demand are reflected in the moderate price growth of homes. The market is still fairly balanced, giving buyers the chance to select acceptable properties without facing too much competition.
Low interest rates and hospitable loan terms also contribute to the market’s activity. Homebuyers continue to be drawn to Whitby because of its strong infrastructure, excellent schools, and close proximity to urban areas, resulting in a consistent flow of demand. The Whitby real estate market is expected to be stable, increase slowly, and offer plenty of options until July 2023.
According to recent Whitby MLS statistics, the median home price is $1,099,492, and 334 new listings have appeared in the last 28 days. According to current Whitby housing data, a home spends 10 days on average on the market. The most popular construction styles in Whitby are detached homes, townhomes and condominium homes.
As of July 2023, the average home price of detached homes is $1.2M. tThis is an average price of different bedroom number detached homes. This price was $1.1M about three months ago and $1.3M about six months ago. The detached homes with 2, 3, 4, 5 and 6 bedrooms have average price of $864K, $1.1M, $1.2M, $1.9M and $3.6M respectively.
Similarly, there are townhomes with average price of $869K while this price was $891K about three months ago, in April and $828K about six months ago, in January. Townhomes are also available with different bedroom numbers. Townhomes with 3 and 4 bedrooms have an average price of $861K and $915K respectively.
At last there are condominiums having average price of $720K. This price was $613K about three months ago and $565k about six months ago. Condos with one, two and three beds have an average price of 566K, 731K and $1.3M respectively.
Different homes are for sale at different corners of the city. As of July 2023, there are 210 home listings in the town. A 4 bedroom and 3 bathroom home is for sale at 125 TUPPER DR, WHITBY, CANADA. This is for $1,379,000.
