Durham Region, GTA Real Estate News: The Weir Team Examines Property Values for Pickering’s Bay Ridges Neighbourhood
Real Estate Broker Scott Hanton loves living and working in Pickering. After years of outstanding experience and award-winning service all over the GTA, it’s wonderful to be working with more and more real estate buyers and sellers in Durham Region.
Here are just a couple of recent sales in Durham Region (sold for record prices!):
The Weir Team is clearly bringing a much higher standard of real estate to Pickering, Ajax and Whitby. And the media loves us too:
Contact Scott@TheWeirTeam.ca if you’re ready for a free consultation about your Durham Region home.
Pickering real estate agents at The Weir Team have witnessed a tremendous increase in property values throughout Pickering over the past several years. Let’s take a closer look at the increasingly valuable real estate zone of Bay Ridges in Pickering which has an excellent assortment of homes that fit all budgets.
Located south of the 401 and east of Frenchman’s Bay, real estate values are appreciating quite nicely in this area of Durham Region.
In 2015, between January 1 and November 30, 109 properties were sold in Bay Ridges in Pickering. Pickering real estate agents saw that 72 of those houses for sale in Pickering were detached and 30 houses sold in this area of Pickering were 2 storey. This Pickering neighbourhood is home to lots of bungalows. It took an average of 13 days on market for Pickering realtors to sell a house here.
The average selling price of Bay Ridges houses in Pickering during this period was $474,373.
Now let’s compare year over year real estate values for Pickering according to data provided by the Toronto Real Estate Board for the Bay Ridges neighbourhood.
The average selling price of houses in the real estate zone of Bay Ridges, Pickering during this period in 2014 was $412,163.
Going back to 2013 for the same real estate period, the average selling price for real estate in Pickering was $385,314.
In 2012, homeowners in Pickering who wanted to sell a house enjoyed an average real estate selling price of $355,307 in the Bay Ridges neighbourhood.
In 2011, selling a house in Pickering’s Bay Ridges neighbourhood returned an average selling price of $315,694.
Taking a look at these numbers, real estate agents in Pickering have seen the average price of a home in the Bay Ridges neighbourhood rise by approximately $158,679 over four years. Quite a good rise in Pickering property values in this area with quick access to the lake, bike trails and easy access to Go Train and the 401.
An interesting rate of increase has occurred for property values in Pickering, specifically the Bay Ridges neighbourhood. Homeowners have enjoyed a healthy rate of growth on property values in the neighbourhood.
From 2011 to 2012, homeowners in Bay Ridges saw a 12.5 percent increase in property values.
From 2012 to 2013, real estate agents in Pickering delivered selling prices 8.4 percent higher than the previous year.
From 2013 to 2014, selling a house in Pickering brought a 7 percent increase in Bay Ridges property values.
And from 2014 to 2015, those looking to buy a house in Pickering saw that the actual selling prices rose by an impressive 15.1 percent in this real estate zone.
Very good news indeed for those who own a house in Pickering in the Bay Ridges neighbourhood.
The Bay Ridges real estate zone includes beautiful family-friendly streets.
Some of the most expensive homes sold here in 2015 are found on Fairview Avenue with an $1,425,000 selling price, Douglas Drive with a $1,150,000 selling price and Front Road with a $1,050,000 selling price.
Houses in Pickering that sell between $600,000 and $700,000 can be found on Wharf Street, Commerce Street, Liverpool Road, Pleasant Street, Old Orchard Avenue and Miriam Road.
Other popular Pickering streets with multiple real estate transactions in 2015 were Annland Street, Antonio Street, Balaton Avenue, Colmar Avenue, Douglas Avenue, Fairview Avenue, Fordon Avenue, Krosno Boulevard, Liverpool Road, Lublin Avenue, Miriam Road, Naroch Boulevard, Poprad Avenue, St Martins Drive, Tanzor Court and Zator Avenue.
Some of those streets are also home to great value for first-time buyers looking to buy a house under $400,000. House hunters on a budget in Durham Region may also want to take a good look at Colmar Avenue, Foxglove Avenue, Reytan Place and Poprad Avenue.
Even with real estate prices rising so quickly in Pickering, we are still finding great houses for first time buyers hoping to buy a house under $500,000.
Scott Hanton, real estate Broker for The Weir Team lives and works in Pickering and looks forward to guiding you to the perfect Pickering home, not to mention expertly selling your house as well.
Our track record and rave reviews speak for themselves. We love our incredibly long list of very happy real estate buyers and sellers. Make sure you hire only the best.