Mississauga Real Estate – October 2018 According to the Toronto Real Estate Board market watch report across the GTA, average sale prices have increased on average 1.9% since October 2017. Likewise sales volume has increased by 2.9%. At the same time buyers are finding fewer homes available to choose from. Indeed check out Mississauga Real Estate news including the Mississauga House Price Report October 2018 Video.
Baby Boomers on the Move are downsizing to communities in the ring around Mississauga
In Mississauga expect house prices to climb in the latter half of this year.
o In fact 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 54.4%
o It takes and average of 23 days to sell at 97% of asking price. The average home price is $706873
o Whereas Mississauga condos are selling hot resulting in multiple offers for entry level homes.
o Furthermore many Baby Boomers are buying in communities outside Mississauga as they plan to downsize. For example see the Top Ten Places to Move
Mississauga House Price Report October 2018
Avg. house price Mississauga Toronto Milton
(All home types) $ 706873 $ 864275 $ 721394
All House Types in Mississauga Avg. Prices
Detached $ 1101193
Semi-Detached $ 744957
Condo TH $ 573549
Condo Apt $ 433258
Link $ 778000
Freehold TH $ 704930
Total Average $ 706873
Mississauga Real Estate Price Chart
In conclusion the story in Mississauga and the GTA for September; we have seen high demand in the lower prices family homes. Moreover the millennial buyers are experiencing multiple offer situations in the Condo market. In particular both townhomes and apartments. In particular, Boomers are heading out of Mississauga in search of homes to downsize and get equity out of their Mississauga Real Estate
Thanks we are here to help! Call me. –Scott (O) 905-821-3200 © 647-223-0237 Thinking of selling Mississauga Real Estate? Find out what your home is worth!