Mississauga Real Estate – According to the Toronto Real Estate boards August 2017 Market Watch Report sales were down 40.1% and average house prices increased by 18% year over year. The market continues to adjust over the summer months. They note that house prices have dropped over the last month by 4.6%. Mississauga House Price Report August 2017
Further of note the number of new listings was up marginally at 5.1 percent over the same time last year. In accordance buyers have more selection of housing inventory than recent years. TREB reports in any case housing supply remains an issue in the GTA.
The recent Ontario governments “Fair Housing Plan” introduced in April 2017 is having an impact on market activity. However we will wait until this fall months results for better measure of the market direction.
Scott Brubacher Broker Mississauga House Price Report August 2017 Video
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In Mississauga the average home price is still 6.6% lower cost than Toronto or a savings of 46,815 for the average house purchase. Noteworthy is that Milton prices are 10% lower costs than comparable Toronto homes.
Avg. house price Mississauga Toronto Milton
(All home types) $699,403 $746,218 $677,774
Mississauga Real Estate House Prices for July 2017
- Average Days on market (DOM) 21
- Average Sale Price to List Price (SP/LP) 97%
- Sales to New Listings Ratio (SNLR) 7%
July 2017 All House Types Avg. Prices
- Detached $1,113,952
- Semi-Detached $697,860
- Condo TH $527,267
- Condo Apt $389,811
- Link $613,333
- Freehold TH $690,214
- Total $699,403
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Finally: Mississauga House Price Report August 2017
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