Mississauga House Price Report March 2017

Mississauga House Price Report March 2017. Mississauga Real Estate – According to the Toronto Real Estate Board February, sales in Mississauga creased by 5.7% over the same month last year. While home sales are up, conversely new listings are down 12.5 over the same time last year. The result is increasing home prices with the MLS HPI – home price index composite benchmark was up by 23.8% over the last year. The effect is many first time buyers are competing for Condominium Apartments. Price growth in this home type segment has been in the double digits over the last year. Mississauga Homes Daily exclusive Report

Soaring Mississauga House Prices

In the first place, In Mississauga we have been seeing a similar trend. House prices have spiked recently due to overall lack of inventory of Mississauga homes for Sale. Secondly, the average Mississauga detached house price in February 2017 was well over one million dollars at $1,222,347. In contrast, for February 2010 the average detached Mississauga house price was $615,847. Consequentially, results show that Mississauga home prices have almost doubled in the last 7 years. Simply there are not enough Mississauga Homes for sale.

What’s fueling soaring Mississauga House Prices

Statistics and Mississauga Real Estate House Prices March 2017

o Average Days on market (DOM) 12
o Average Sale Price to List Price (SP/LP) 108 %

Soaring Mississauga House Prices

o Sales to New Listings Ratio (SNLR) 82.6% – shows a strong sellers’ market
February 2017 Mississauga House Prices
 Detached $1,222,347
 Semi-Detached $768,268
 Condo TH $559,891
 Condo Apt $362,125
 Link $804,100
 Freehold TH $756,314
 Total Avg. $724,431

Thanks we are here to help! For further Information call me. Further check out  Three ways to profit from the Spring Market!
-Scott
www.mississaugahomedaily.com

Mississauga House Price Report March 2017

Scott Brubacher Real Estate Broker – Royal LePage Meadowtowne Realty Brokerage 905-821-3200
Mississauga Homes Daily is a review of new Mississauga homes for sale. In summary this includes Erin Mills Real Estate, Streetsville Real Estate, Meadowvale Real Estate, Lisgar Real Estate, Meadowvale Village Real Estate, Erindale Real Estate, Sheridan Real Estate, East Credit Real Estate, Churchill Meadows Real Estate