Mississauga House Price Report December 2017

Mississauga Real Estate – According to the Toronto Real Estate Board market watch report for December 2017, new listings were up by 37.2% across the GTA since November 2016. By contrast the average selling price was down by 2% in the same period. To clarify it was chiefly due to fewer detached homes selling. Read on for Mississauga House Price Report December 2017.

Correspondingly, the HPI (house price index) increased by 8.4 % over the last 12 months. Another key point is that sales volume was down by 13.3% year over year. Additionally TREB states they have seen an uptick in demand for home ownership through this fall.

On balance Mississauga house prices are stable

Notably, in Mississauga house prices have stabilized  can be seen in the graph below. During November the average house price for all types was $674,834. In general market conditions continue to be balanced with the number of new listings being roughly equal to the number of sales. To demonstrate the Sales to New Listings Ratio(SNLR) was 54 % during November.

Move to Mississauga and beat the Toronto Land Transfer Tax

Furthermore Mississauga continues to draw Toronto families namely because Mississauga houses are $127,386 savings than an equivalent Toronto home, additionally no municipal land transfer tax.
Mississauga House Price for December 2017

Avg. house price                Mississauga         Toronto          Milton
(all home types)                $674,834               $802,220       $693,779

Mississauga house prices have stabilized:

o Average Days on market (DOM) 25 days
o Average Sale Price to List Price (SP/LP) 98%
o Sales to New Listings Ratio (SNLR) 54 %

November 2017 All House Types Avg. Prices

Mississauga House Price Report December 2017 Detached $1,060,211
 Semi-Detached $679,543
 Condo TH $540,345
 Condo Apt $394,806
 Link $683,643
 Freehold TH $688,990
 Total Average $674,834

 

 

 

Thanks we are here to help! Call me. –Scott (O) 905-821-3200 © 647-223-023 Mississauga Real Estate Agent and based in Streetsville Real Estate Agent – Scott Brubacher Streetsville Real Estate Broker – Mississauga Homes Daily

 

Free Mississauga House Price Report December 2017

 

Finally, in the event that you have any questions or moreover need help, feel free to reach out! Erin Mills Real Estate, Streetsville Real EstateMeadowvale Real Estate , Lisgar Real Estate , East Credit Real EstateChurchill Meadows Real EstateMeadowvale Village Real EstateErindale Real EstateSheridan Real Estate

This report was researched on the Toronto real estate board market watch report and feet on the street by Scott Brubacher Real estate Broker and Streetsville Real estate agent

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