South Richvale is an up and coming neighbourhood where new houses abund. As of today, March 23, 2015, there are 35 listings on MLS with a price range between $899,000 for a detached 4 bedrooms, 4 washrooms 2 storey, to a $7,499,000 detached, 6+2 bedrooms, 12 washrooms 2-storey. As you can see, the range is humongous and includes a vacant land selling for $998,800.
What is interesting, is that of these 35 listings, 19 were listed before March 1st, 2015 and of these 19, 6 have been for sale since 2014.
The 35 listings are composed of the following property types: one 11/2 storey, one bungaloft, one vacant land, four bungalows, one 3-storey and twentyseven 2-storey detached properties.
If we compare this Community to the Rouge Woods and Bayview Hill Communities, there are approximately four times more listings than in each of the latter Communities...There are only 8 listings on MLS today in Rouge Woods and in Bayview Hill...
So, based on the above, what do you think, is South Richvale in a Sellers' Market situation?
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