South Pickering Market Update: Market Holding Steady

As I drive around the neighbourhoods in South Pickering, I do see some listing activity.  I also know from talk around the water cooler that there are some antsy sellers out there.  Things just seem a little slow.

After looking at all the statistics, I can tell you that the real estate market seems to be doing okay.  Compared to last year, which was the best all-round year yet, we are on par.  There were 26 sales of resale homes this March and 22 sales last March.

The average price of homes sold in the month of March doesn’t tell us much looked at in isolation.  The average price of homes sold was $260,200.  The average price for all homes sold this year in South Pickering was $280,779.  This just means that lower priced homes were selling.

With the snow gone and the grass greening up, we expect the buyers to come out with the sun.  A word of caution, buyers are educated to house prices too.