The half way mark in 2014 Kingston showed uneven results in neighborhoods across Kingston.
Fewer sales and yet solid price appreciation in many areas, which can also mean buyers are cherry picking the better properties.
We all have busy lives. Updated, turn-key homes sell quickly.
Here’s the neighborhood breakdown:
East Kingston across the river, reliably appreciates 3 to 3.5 per cent each year, given the regular military turnover numbers here, even this year when sales numbers are down due to lower posting levels.
Downtown and Queen’s area – ( South of Johnson)
This investor-influenced higher density area can have hikes of 10-12 per cent annually, then occasionally a correction, where prices tread water for a season. This year is a moderate one so far, with growth of just under four per cent.
Steady appreciating value here in the past five years, and over three per cent so far this year, and bound to continue with infrastructure and development planned and ongoing in the area related to the Williamsville street renewal, new student residential development, and the potential for a new high school at the Memorial Centre.
Fabulous walkable downtown neighborhood for people who can forego garages and roomy lots, and deal with the quirks and delights of old buildings, and organically grown, pre-municipal-planning neighborhoods.
Polson Park/Calvin Park – Prices in these 1960s suburbs stay reasonable given the age and general renovation neediness of many homes, lots of original owners here. Pleasant central neighborhoods. Good sized lots. Appreciation flat so far this year. Average price $297,000.
Strathcona Park Another great central neighborhood that people don’t want to move out of. Houses have more traditional layouts and often need updating. Great parks, safe cycling for kids away from busy roads. Public school, open space. Appreciation up slightly over last year. Average price $283,000
WEST OF GARDNERS
North of Taylor-Kidd Dr. – The north-south divide (Taylor-Kidd Drive) is making a big difference here with a difference of 10 per cent in appreciation from one side to the other.
Average prices north of Taylor-Kidd Drive – with its proximity to prime schools and higher percentage of larger housing stock. have risen fully six per cent in the past 12 months, while south of Taylor-Kidd they have receded almost four per cent. But look south into these pleasant neighborhoods if you’re a buyer looking to stretch dollars – average home price here is $270,000 - $60,000 less than an average price north of Taylor-Kidd.
Amherstview is stirring more than usual this year, and price appreciation which has hovered at one per cent for the previous two years, has bumped up to three per cent even as sales have risen. Average home price in this lakeside community is just under $300,000.
If you have a question about a certain area and don’t see it mentioned here, please contact me for more information.