Mississauga Real Estate – According to the Toronto Real Estate Board market watch report for November 2017, Condo Town homes and Condo Apartments were highest house types in demand for buyers across the GTA. Chiefly, the HPI (house price index) increased by 9.7% over the last 12 months. Another key point is that sales volume was down year over year. Notably though there was an increase in buyer demand between September and October this year pointing to a stronger fall market. Mississauga House Price Report November 2017
In general market conditions are balanced in Mississauga
On this side here in Mississauga for October the average house price for all types was $685860. In general market conditions are balanced in Mississauga with the number of new listings being roughly equal to the number of sales. To demonstrate the Sales to New Listings Ratio(SNLR) was 55.4% during October. Correspondingly, the average price for detached homes was $1,034,338 an increase slightly from the month before. Important to realize it halts the correction we have seen over the last few months. Notably demontrated on the chart below.
In fact Mississauga continues to attract Toronto home buyers namely because Mississauga houses are $132,341 savings than an equivalent Toronto home.
Mississauga House Price for November 2017
Avg. house price Mississauga Toronto Milton
(all home types) $685,860 $818,201 $723,170
- Average Days on market (DOM) 24 days
- Average Sale Price to List Price (SP/LP) 97%
- Sales to New Listings Ratio (SNLR) 4%
- November 2017 All House Types Avg. Prices
- Detached $1,034,338
- Semi-Detached $692,869
- Condo TH $532,711
- Condo Apt $395,683
- Link $755,250
- Freehold TH $698,326
- Total Average $685,860
Mississauga House Price Report November 2017
Thanks we are here to help! By all means call me. –Scott (O) 905-821-3200 © 647-223-023
Finally, in the event that you have any questions or moreover need help, feel free to reach out! Erin Mills Real Estate, Streetsville Real Estate, Meadowvale Real Estate , Lisgar Real Estate , East Credit Real Estate, Churchill Meadows Real Estate, Meadowvale Village Real Estate, Erindale Real Estate, Sheridan Real Estate
Get your free neighbourhood report!
Get a list of homes in your neighbourhood that will help you identify properties that meet your budget with the amenities that you want!Get my report