The national press is presenting a cautiously pessimistic attitude to the real estate market. The buyers in South Pickering must be listening.
In spite of there being some great value in the area, only 22% of the 81 active listings sold. In April of 2007, 26 homes in Pickering, south of the 401. This April saw 18.
The number of days that a home is staying on the market is 38 compared to 34 last year. In April, the homes that were selling sold faster than in March.
Unlike the national press, I like to be cautiously optimistic. With gas prices rising, Toronto home affordability questionable, South Pickering offers a value-priced, GO-train-serviced area that buyers should take a close look at.
Where else can you get a detached home a 5 minute walk to the waterfront trail, for less than $300,000. I can show you some great ones.