Ajax real estate Weekly Market Update october 1st-7th must watch

Описание: 🏡 Ajax Real Estate Market Report by Neeraj Khanna - Weekly Update

Welcome to this week's Ajax real estate market report, your go-to source for the latest insights into the dynamic local property market.

Market Activity:

In this episode, we'll delve into the bustling market activity in Ajax. A total of 46 new properties have hit the market, offering an array of options for prospective buyers to explore.
Additionally, 19 properties have found new owners, underscoring the continued demand for homes in our thriving community.
Market Stability:

Our report reveals that the average days on the market remained steady at 11.95, mirroring the previous week's performance. This stability signifies a balanced market where properties are selling at a consistent pace.
Price Trends:

Notably, the average home price showed a modest increase, now standing at $988,189. This represents a 2.40% uptick from the previous week, hinting at a potential strengthening of property values in Ajax.
Economic Outlook:

Keep an eye on economic developments, as the Bank of Canada is set to make its next announcement on October 25th, 2023. This announcement may have implications for mortgage rates and housing market conditions.
Mortgage Rates:

For those exploring financing options, we have good news. Favorable mortgage rates are available, with a 5-year fixed mortgage as low as 5.54% and a 3-year fixed mortgage as low as 6.09%. These rates present enticing opportunities for both buyers and investors.
Community Events:

Beyond real estate, our community is vibrant and full of exciting events. On October 9th, consider participating in the Thanksgiving blood drive in Oshawa, a meaningful opportunity to give back.
On October 10th, the Business Advisory Centre Durham (BACD) is hosting a startup session, offering valuable insights for aspiring entrepreneurs. The best part? Both of these events are free!

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Neeraj Khanna Team with EXP Realty are leaders in the Ajax and Whitby real estate community with a reputation for integrity, and dedication, and equally important, they are known for achieving results. Their professional, motivated, and trustworthy Team Members are committed to delivering quality service to both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, house, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, they are here to help you with real estate choices.

Searching for local MLS® property listings, relocation services, and referral services for relocation are also a value that they offer for the buyer or seller moving in or out of the local area real estate market.

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I serve buyers and sellers in Ajax, Whitby, Oshawa, and surrounding areas 🇨🇦🇨🇦🇨🇦

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