Spring is here and the market is in full bloom! With East side houses, half duplexes, condos and townhomes all seeing multiple offers, it's an ideal time to sell your home. Have no fear buyers, this is a cyclical process and hopefully the market will start to see more properties and less bidding wars as the Summer approaches.
A new duplex located at East 14th with only a vacant lot between it and Clark Drive saw two offers on each half. The west half of the duplex sold for $1,127,350 plus HST and the east half of the duplex sold for the asking price of $979,900 plus HST. While these two new homes went in bidding wars, just around the corner on East 15th at Glen Drive, a cute but slightly slanted five bedroom house on a thirty by ninety-five foot lot remains on the market at $599,000. At lot value, this little gem is liveable and would be a great deal for someone looking to design and build a house of their own.
Will this heated market sustain until Summer, or will it cool in time to allow the hundreds of buyers out there to find their homes in the Mount Pleasant/Cedar Cottage areas? We'll soon find out!
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