Rising Pickering Property Values – Amberlea

 

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!):

Portelli Crescent

Chatfield Drive

The Weir Team is clearly bringing a much higher standard of real estate to Pickering, Ajax and Whitby. And the media loves us too:

Toronto Star – 50 Portelli

Toronto Star – 30 Chatfield

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 wonderfully valuable area of Amberlea in Pickering.

Bordered roughly by Spruce Hill Road to the east, Sheppard Avenue East to the south and Rosebank Road to the west, real estate property values are appreciating nicely in this area of Durham Region.

In 2015, between January 1 and November 30, 182 properties were sold in Amberlea in Pickering. Some of the best Pickering real estate agents saw that 139 of those houses for sale in Pickering were detached and 170 houses sold in Pickering were 2 storey. It took an average of 11 days on market for Pickering realtors to sell a house.

The average selling price of houses in the Amberlea neighbourhood of Pickering during this period was $568,226.

Now let’s compare year over year real estate values for the same area in Pickering according to data provided by the Toronto Real Estate Board.

In 2014, between January 1 and November 30, 172 properties were sold in Amberlea in Pickering. Pickering real estate agents saw that 132 of those houses for sale in Pickering were detached and 158 houses sold in Pickering were 2 storey. It took an average of 13 days on market for Pickering realtors to sell a house.

The average selling price of houses in Pickering during this period in 2014 was $503,220 in the real estate zone of Amberlea.

Going back to 2013 for the same real estate period, the average selling price for real estate in Pickering’s Amberlea was $471,701.

In 2012, homeowners in Pickering who wanted to sell a house enjoyed an average real estate selling price of $422,858 in the Amberlea neighbourhood.

In 2011, selling a house in Pickering’s Amberlea neighbourhood returned an average selling price of $397,851.

And if we go way back to 2010, real estate agents in Amberlea would sell a house for an average of $385,593.

Taking a look at these numbers, real estate agents in Pickering have seen the average price of a home in the Amberlea neighbourhood rise by approximately $182,600 over five years. Quite a good rise in Pickering property values.

An interesting rate of increase has also occurred for property values in Pickering, specifically the Amberlea neighbourhood. Homeowners have enjoy an exponential rate of growth on property values in the neighbourhood.

From 2010 to 2011, Pickering realtors saw a 3.2 percent increase in selling prices.

From 2011 to 2012, homeowners in Amberlea enjoyed a 6.3 percent increase in property values.

From 2012 to 2013, real estate agents in Pickering delivered selling prices 11.6 percent higher than the previous year.

From 2013 to 2014, selling a house in Pickering brought a 6.7 percent increase in Amberlea property values.

And from 2014 to 2015, those looking to buy a house in Pickering saw that the actual selling prices rose by a whopping 13 percent.

Very good news indeed for those who own a house in Pickering.

The Amberlea neighbourhood includes beautiful family-friendly streets.

Some of the most expensive homes are found on Foxwood Trail, Summerpark Crescent, Sunbird Trail, Wildflower Drive, Rosebank Road, Chartwell Court, Broadoak Crescent, Parkside Drive, Driftwood Court, Eastbank Road, New Street, Garland Crescent and Birchwood Court. Houses here have recently sold between $700,000 and $800,000.

Some of those streets are also home to great value for first-time buyers looking to buy a house under $450,000. House hunters on a budget in Durham Region may want to take a good look at Graceland Court, Shadybrook Drive, Nipissing Court, Sunbird Trail, Foxwood Trail, Arcadia Square, Beckworth Square, Cricket Lane, Alder Court, Sultana Square, Amaretto Avenue, Silver Maple Drive, Ontonabee Drive, Napanee Road and Village Street.

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.

Written by Scott Hanton, real estate Broker for The Weir Team

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