Overall appreciation in Kingston in 2012, at three per cent, was slightly less than over the past few years, but this city continues to be a solid and stable real estate market. Here's more detail on what happened in west end neighborhoods:
WEST END (West of Gardiners Road, south of Princess)
Solid appreciation in single-family homes with the exception of the area south of Taylor-Kidd. The thin 2.4 per cent rise here partly reflects housing stock which is generally older and smaller than the area north of Taylor-Kidd - a sought-after school district. This prime area appreciated 5.4 per cent in 2012.
The Taylor-Kidd divide also marks a substantial gap in average house prices - $270,000 south of T-K and $320,000 to the north.
For the past three years, the north side has appreciated more than the south side, but if buyers can forego the choice school zones, they will find solid bargains and many upscale homes south of Taylor-Kidd.
Northwest (west of Sydenham Rd., north of Princess including Westbrook).
The areas of Woodhaven, Cat Woods and BR (Behind Rona) have a substantial portion of new and newer builds. Given that a new 1200 sq/ft bungalow costs about $300,000, this has helped push average sale prices to $316,000, and the average appreciation over the past three years to six per cent. This area had more than 500 sales listings of new and resale homes last year. With that kind of choice, there’s tough competition for buyers. Only half of listings found buyers, and average days on market, 48, was the slowest in the city south of 401.
South of Bath Rd, West of Prison Farm/Invista
A huge variety in housing stock here – from pricey waterfront and high-end builds, to humble post-war homes makes the area’s average home price of $299,000 a meaningless figure. But the proximity to good schools and lots of public waterfront, including Lemoine’s Point, means sales are healthy, usually close to 70 per cent of listings. Appreciation in the last three years has averaged 4.5 per cent a year.