In the current East York real estate landscape, sellers are finding that high traffic doesn’t always translate into a bidding war. A recent sale at 85 Roosevelt Rd. illustrates this nuance perfectly. Listed for $1,299,000, the four-bedroom backsplit attracted significant attention, with dozens of groups attending open houses. However, listing agent Linda Ing-Gilbert of Re/Max Hallmark Realty Ltd. noted that much of the foot traffic came from curious neighbours rather than active buyers, many of whom were hesitant to make a move in the current climate.
Despite the crowd, the property secured one solid conditional offer, ultimately closing at $1,352,000 after 21 days on the market. This sale highlights a broader trend in the GTA where strategic pricing remains vital, but buyer confidence remains tempered by hesitation. For a deeper look at the market dynamics behind this sale and more insights into the East York area, read the full report at The Globe and Mail.
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