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PORT PERRY STAR REAL BSTATE ano CLASSIFIED @DVERTISING VOL.1 No. 27 - FIRST CHOICE REAL ESTATE - TUESDAY, MARCH 20, 1990 | ! Published weekly by the Port Perry Star Housing prices drop as listings at all time high Oshawa. March 5, 1990- A substantial increase in listings is resulting in lower HOMELIFE HOMELIFE/DURHAM REALTY INC. 248 Scugog Street - Port Perry : 985-4406 Prices coupled with ihe number of listings and the lower number of FISHING, BOATING & SWIMMI Deeded lake access directly across the road with a fabulous view of the lake from your front porch. This home features 75 x 205' lot, tongue and groove honey pine walls surrounding the over- sized brick fireplace in the living room, dining room combined. Main floor family room off larger kitchen. Finished basement, central vac, 1 attached garage, new carpeting, new windows. $224,900. Call Madonna Hoare or come out to our Open House, Sunday, March 25th from 2 to 4 p.m.; Island Road to 13th Con- prices in Durham Region. _ February's average house price in Durham Region was approximately $180,000.00 down two per- cent from last month accor- ding to John Coulter, Presi- dent of the Oshawa and District Real Estate Board. Statistics from the Oshawa and District Real Estate Board show a 70 per- cefit increase in the number... of listings compared with February 1990. This represents 1578 new listings on the market. 'When it comes to selling" says Coulter, "vendors will have to be more patient because it may take longer to sell their property. They will also have to be more open- minded when it comes to negotiations.' The number of sales were down by 49 percent com- pared with the boom market of 1989. Similarly, dollar volume sales for all residential real estate in purchasers. According to Coulter, one third of houses sold in the Toronto area last month were under $200,000.00. "With the flatter Toronto market, we continue to see an influx of people coming to our communities to pur- chase more affordable pro- perties and to enjoy a bet- ter standard of living." type of real estate market. "Vendors should expect to list their properties for at least three or four months. Right now, we still have a substantial amount of buyers. However, if interest rates go up, this will affect the number of first-time buyers who can enter the market. It wil also make it prohibitive for those who want to sell and move up." Coulter remains cautiously optimistic that the market will remain stable during the first and a eGoulter says we are ex- 'periencing a more normal ' v ; Durham Region dropped by second quarter of 1990. "A cession, Carnegie Beach, follow signs. 51 percent compared with lot of it will depend on in- February 1989. terest rates." Coulter attributes the The Oshawa and District overall 50 percent drop in Real Estate Board ie Wambes of sales ond represents more than 1500 ollar volume to the downward pressure in (Turn to page 6) - @he Pou! Levey Hag | | | | | | | BY OVER EXCEPTIONAL WATERFRONT, ROBINGLADE ESTATES READ EVERY WEEK Only 7 minutes north of Port Perry. House features family room with woodstove. Overlooking waterfront, large master bedroom, 20,000 PEOPLE 8 x 16' sunroom, walkout from kitchen to large deck, boathouse IN THESE COMMUNITIES workshop heated and hydro. Large nicely landscaped lot. You | | ASHBURN - BLACKSTOCK - BROOKLIN must see to appreciate. Plan to attend open house March 25th, |: CAESAREA - COLUMBUS 1990 from 11 a.m. to 4 p.m. Brett Layco, Sales Representative. EPSOM - GREENBANK - JANETVILLE LITTLE BRITAIN - NESTLETON PORT PERRY - PRINCE ALBERT | SEAGRAVE - SUNDERLAND - UTICA | UXBRIDGE and surrounding hamlets & villages. % | with marine railway. Attached 2 car garage, also 24 x 20" ; * Kk * | | TO VIEW THESE PROPERTIES call: 986-4906 TO VIEW THESE PROPERTIES CALL YOUR REALTOR TODAY. AEE -- § J