Mississauga House Price Report February 2019
Mississauga Bungalows for sale
According to the latest Toronto Real Estate Board Market Watch Report, across the GTA, the average selling price is up 1.7% over same time last year. Further we’ve experienced a slight increase in sales volume up .6%. Mississauga House Price Report February 2019
In Mississauga the average home will sell for 97% of asking price on average 29 days on market. It’s a balanced market with the Sales to New Listing Ratio at 54.8%.
Boomers are downsizing in record numbers
Typically January is the slowest month of the year for real estate sales. In my own experience, this January showed high buyer demand in Mississauga and low quality inventory. Not only this, but buyers are most active in the $600,000-$700,000 price range according to the TREB report. For the simple reason that current mortgage stress test rules are having an impact in cooling the local homes sale prices. Mississauga bungalows for sale are also in high demand as Boomers are downsizing in record numbers to smaller homes. Or in some cases changing locations for lifestyle and amenities.
High home buyer demand in Mississauga in January
Above all there are many factors that are driving buyers in Mississauga;
Being that Millennial buyers need homes to raise a family
Record immigration
Lack of land to build
Record high employment across the Greater Golden Horseshoe
Mississauga House Prices reported in February 2019
Avg. house price Mississauga Toronto Milton
(All home types) $ 705484 $ 777,674 $ 762,635
All House Types in Mississauga Avg. Prices
12 month trend in Mississauga House Prices
Average Mississauga House Prices reported February 2019
Detached $ 1103302
Semi-Detached $ 726548
Condo TH $ 546980
Condo Apt $ 441669
Link $ 706250
Freehold TH $ 819406
Total Average $ 705484
Not enough of the right mix of housing in Mississauga
In conclusion my prediction for the year is a good steady Mississauga real estate market in 2019. Accordingly prices are predicted to continue stable through the year. (As can be seen from the graph above) Above all there are many factors that are driving high buyer demand in Mississauga. Consequently there is not enough of the right mix of housing to meet the demand. Mississauga House Price Report February 2019
Mississauga House Price Report February 2019 Video
Are you 50+ and thinking about what’s next in life? Planning to downsize or rightsize your home? You can join us for FREE at our upcoming Boomers on the Move wine and cheese event. Boomers on the Move
Mississauga Bungalows for sale
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Thanks we are here to help! Call me. –Scott – Mississauga House Price Report February 2019 from lake Aquitaine Mississauga
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