Mississauga Real Estate – Scott Brubacher Broker – According to the Toronto Real Estate Board market watch report for January 2018, across the GTA, the number of sales for the year 2017 was down 18.3% over 2016. Notably government policy decisions such as the Ontario Fair Housing Plan contributed to a volatile real estate market. With this in mind the average sale price was up by less than 1% during the twelve month period of 2017. Mississauga House Price Report January 2018
Adjustment in detached home prices has subsided
On the positive side in Mississauga homes, the adjustment in detached house prices has subsided. To enumerate, during December the average price of a detached home rebounded with an increase of 7.6% over the one month.To illustrate, refer to the chart below for the different market segment performance. Presently a balanced market is good for buyers and sellers especially with the sales to new listings ratio at 53.5%.
Making room for the middle in Mississauga
On another note, the city of Mississauga released a draft report “Making room for the Middle” a strategy for affordable housing in the city. Furthermore, Mississauga homes attract Toronto families for more affordable housing, so they get a deal. See for your self.
Avg. house price Mississauga Toronto Milton
(all home types) $675656 $741684 $688427
Mississauga Homes Prices for December 2017
o Average Days on market (DOM) 26 days
o Average Sale Price to List Price (SP/LP) 97%
o Sales to New Listings Ratio (SNLR) 53.5 %
December 2017 All House Types in Mississauga Avg. Prices
Condo TH $519483
Condo Apt $401024
Freehold TH $672300
Total Average $675656
Mississauga House Price Report January 2018
In conclusion, as we move through January 2018, we will have to wait for the impact of New Mortgage Rules, Foreign Buyers and possible higher interest rates. In the event that weather conditions are more severe,the Mississauga Real Estate Market may be off to a slower start. On the other hand, milder weather will bring out would be buyers and sellers for an early Spring market.
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TREB market watch report
Presently, this Mississauga Homes Daily report was researched on the Toronto real estate board market watch report and feet on the street by Scott Brubacher Broker Royal LePage Meadowtowne Realty Brokerage. Scott Brubacher Streetsville Real estate agent
Mississauga House Price Report January 2018 Video
Meanwhile back at Mississauga City Hall, check out this Bonus video. Located in front of the outdoor ice rink is Scott Brubacher Broker Royal LePage Meadowtowne Realty Brokerage.