Mississauga Real Estate – July 2018 According to the Toronto Real Estate Board market watch report across the GTA, the number of sales was down by 2.4% since the same time last year. Moreover at the same time, the number of new listing decreased by 19%. Mississauga House price Report July 2018
Many moving to outside the GTA for more affordable Homes
Then in Mississauga expect house prices to climb in the second half of this year;
- First the key indicator we use to read the market is the sales to new listing ratio (SNLR) and its right in the middle of a balanced market at 51.7%.
- Whereas it takes and average of 20 days to sell at 98% of asking price. As can be seen, the average home price is $726211o Notably, as house prices dropped in Mississauga over the last year, outside the GTA we have experienced increases in the following locations: +11% in Niagara region, +8.2% Kitchener/Waterloo, +9% in London, +10% in Kingston, and +6% in Hamilton.
- As well as cottages are in high demand outside the GTA with average price increases of over +10% since last year.
- In particular families from Toronto tend to relocate to Mississauga for more affordable homes.
At the present time; Mississauga House Prices report July 2018
Avg. house price Mississauga Toronto Milton
(All home types) $ 726897 $ 870559 $ 701595
o Average Days on market (DOM) 20 days
o Average Sale Price to List Price (SP/LP) 98%
o Sales to New Listings Ratio (SNLR) 51.7%
During June 2018 , prices for all House Types in Mississauga Avg. Prices
Semi-Detached $ 714602
Condo TH $ 562007
Condo Apt $ 422725
Link $ 715000
Freehold TH $ 688008
Total Average $ 726211
Mississauga House Price Report July 2018
To the point in Mississauga and the GTA for July. Sooner or later, many families are buying homes and moving to the outlying areas for more affordable housing. Schools out and many of us are enjoying family vacations. With this in mind, stay safe and we will touch base in August.
Mississauga House Price Report July 2018 Video
Thanks we are here to help! Call me. –Scott (O) 905-821-3200 © 647-223-0237