In Erie, Pennsylvania you will find the quintessential American lifestyle. There are folks living in safe and beautiful neighborhoods who find great places to go to work every day and even better places to spend their evenings and weekends out. If you're thinking of getting out of that Mississauga Ontario real estate and making a home for yourself in America, Erie is a great place to do that. There are lots of great home options available to you.
First, let's deal with the area's market conditions. We all know that real estate is not a stable industry in general, but in Erie there has been reasonably steady growth in home prices over the last decade. At the start of the 21st century homes were selling for a median price of around $70,000. Those numbers have gone up and are now sitting at around $110,000. There have been some ups and downs along the way, with the market currently going in favor of the buyer, but in the end the graph shows growth for the area. This means that it's likely you'll be trading that Oshawa real estate for a home that will continue to rise in value over the years.
The current average listing price for a home in Erie is just under $200,000. The average price per square foot is ninety-four dollars, which is a nine percent increase from the same time last year. If you're looking for a one bedroom comparable to a Yonge Eglinton condo, you're paying around $63,000. With a home with four plus bedrooms the price is closer to $122,000.
There are many great areas of the city to choose from in a variety of price brackets. The most popular areas are away from the city's core, with the most new residents choosing to settle just southwest of downtown. Waterfront properties are also very popular and it's possible to get a city home overlooking the water or a more country design reminiscent of a home for sale in Georgetown Ontario.
The least popular area of the city to live is surrounding West 12th and State Streets. If you want that downtown home, you might have better luck moving further south beyond West 26th Street. If you're coming from somewhere like Bloor West Village you will find an eclectic mix of single-family homes in this area.
Erie is a great place to live and we're sure that no matter which neighborhood you choose, you will come to love the city. Happy house hunting!
Thanks to Wynn fitness. |