Mississauga House Price Report June 2019

Mississauga Real Estate June 2019- According to the latest Toronto Real Estate Board Market Watch Report, across the GTA sales volume is picking up after a slow start to the year. Nevertheless, new listings are still in short supply. Consequently buyers are competing when submitting offers on homes. In particular the most active price range is under $800,000 for purchase price. In part due to recent government regulation and stress test rules to cool the market.Mississauga House Price Report June 2019 Scott Brubacher Broker

Mississauga real estate is a sellers market

In fact in Mississauga real estate is a seller’s market. To emphasize, there are not enough new listings to meet the demand of buyers. Further for sellers, homes are selling faster than earlier this year. It takes an average of 16 days on market with homes selling at an average of 99% of asking price. To enumerate, the sale to new listing ratio (SNLR) is also higher than last month at 57.5%. Typically anything between 45-55% is a balanced market.

 

Certainly high Immigration numbers and healthy job reports are factors bringing new home buyers to Mississauga. Notably downsizers and first time buyers are very active in our Mississauga real estate market.

Mississauga House Price report June 2019

Avg. house price            Mississauga          Toronto                Milton

(All home types)           $ 756156                $ 937804               $ 769950

All House Types in Mississauga Avg. Prices    

                            

  • Detached                   $ 1098973
  • Semi-Detached         $ 736417
  • Condo TH                  $ 592428
  • Condo Apt                 $ 477965
  • Link                            $ 687500
  • Freehold TH             $765114
  • Total Average       $ 756156              

 

Mississauga House Price Chart June 2019

Mississauga House Price Report June 2019

Mississauga House Price Chart Scott Brubacher Broker

Downsizers are competing for larger condo apartments

In conclusion in Mississauga we are seeing first time buyers competing for townhomes and semi-detached under $650,000. Further downsizers are competing for the larger condo apartments also under $650,000. Finally the inventory of good homes is low so far this year.

Thanks we are here to help! Call me. –Scott

Scott Brubacher Broker (SRES) – Royal LePage Meadowtowne Realty Brokerage Check out our upcoming events!

Discover The Solution To Downsizing Your Home for Retirements’ Biggest Challenges

Thinking of buying a home this year? This seminar is useful whether you currently own a home, a first time buyer or interested in residential investment properties. You’ll learn up to date home buying tips and strategies and we will answer questions you did not even know to ask.

Are you relocating from out of town?

(O) 905-821-3200              © 647-223-0237

Mississauga House Price report June 2019 Video

Scott Brubacher Broker