Oshawa’s City Real Estate Trends
The Oshawa real estate market, akin to a living organism, pulsates with energy, responding to the intricate dance between supply, demand, and the nuanced expectations of buyers and sellers.
1. Listings on the Market:
In the realm of single-family homes, 491 properties stand tall, offering a diverse array of living spaces for those seeking the quintessential dwelling in Oshawa. The townhome segment, with 139 listings, presents a more focused yet still diverse market. Meanwhile, the condo market boasts 371 options.
2. Average Listing Price in November
Homes, with an average listing price of $786,146, symbolize a significant investment, combining historical charm with contemporary living in the heart of Oshawa.
Townhomes, positioned at an average listing price of $776,864, represents a midpoint between single-family homes and more compact condo living, catering to those seeking a harmonious blend of community and individuality in Oshawa. Condos, with an average listing price of $544,408, offer a more budget-friendly alternative.
3. Change in Average Listing Price:
The subtle shifts in average listing prices unveil the market’s adaptability and responsiveness to economic dynamics in Oshawa. Homes witness a slight decrease of 3.8%. Townhomes experience a modest reduction of 1.7%, showcasing a market that seeks equilibrium between value and cost, specific to Oshawa’s real estate dynamics. Condos, with a minimal -0.2% change.
4. Average SOLD Price in November
Homes boast an average sold price of $739,000, reflecting the enduring appeal and financial commitment associated with single-family living in Oshawa. Townhomes, with an average sold price of $720,000, showcase a commitment to affordability without compromising on quality, even as sellers navigate a market with a -4.9% change, unique to Oshawa’s real estate ebb and flow. Condos, at a $520,000 average sold price, resonate with buyers seeking a contemporary living experience within a budget-friendly range, even as the market adjusts with a -1.7%.
5. Change in Average SOLD Price:
The shifts in the average sold prices reveal the delicate balance between buyer preference and market dynamics within Oshawa. Homes experience a modest decrease of 2.9%, suggesting a market where buyers may hold some negotiating power while navigating the unique offerings of Oshawa’s real estate. Townhomes, with a more substantial -4.9% change. Condos witness a modest -1.7% change, reflecting a market where values adjust to meet buyer demand, showcasing a dynamic response to the desires of a diverse demographic within Oshawa.
Inventory & SOLD Statistics:
Beyond the individual property types, understanding the broader market dynamics is essential for Oshawa residents. In the last 30 days, 491 new home listings have graced the market, with 195 homes finding new owners, reflecting a swift and dynamic market with an average of 14 days on the market, specific to Oshawa’s unique rhythm. The selling-to-listing price ratio of 93%.
Townhomes, with 139 new listings, witness 65 finding new owners in the last 30 days.
The 16 days on the market and a selling-to-listing price ratio of 91% reveal a segment where the value of townhomes is not just recognized but celebrated.
In the condo market, 371 new listings emerged in the last 30 days, reflecting the city’s commitment to modern living options within Oshawa’s vibrant community. Of these, 155 condos changed hands, with an average of 17 days on the market. The selling-to-listing price ratio of 92% is a reminder that in the world of condos, value isn’t just monetary.
