Peterborough what a great city to live in. Born and raised here and raising our family here I can definitely say we have it all. Great schools, parks, shopping, restaurants, sports facilities, College, University, hospital and clinics. the #407 Hwy. extending east to the #115. A strong sense of care within the community.
The Real Estate market is strong and stable in the Peterborough area and here is my take on the stats.....
Listings are down slightly in numbers because any homes priced under $280,000.00 are only staying on the market for a few days. We have a shortage of inventory. Houses are selling for 97% of the list price.
The Average list price is $276,026.00 compared to last years $270,927.00. Prices have been steadily increasing 2% to 3% per year for the past 10 years. Stable Market!
The number of units sold is 483 as of March 2015. Last year at this time number of sales were 375......108 more homes sold this year!
It is a good time to invest in the Peterborough Real Estate Market!
If you have not visited Peterborough and surrounding area, please do so. You won't be disappointed!