North Pickering seemed to buck the trends. Where other markets numbers went up in some cases, north Pickering’s numbers went down.
The average price of a home in 2007 was $309,306. In 2008, it was $307,409. That number could just be reflective of the type of homes that were selling.
The number of homes that sold in 2007 was 1117 and in 2008 it was 909, which is similar to what was happening all over.
The average price of a home sold in December 2008 was $304,629 compared to $301,629. More homes sold in December 2007 at 40 versus December 2008, there were 21. As with most neighbourhoods, there was a 50% reduction in the number of sales.