Welcome Fall ! I hope you’ve had an enjoyable summer as much as we have. We spent a few weekends visiting with family and exploring the waterways and communities around Parry Sound. It’s a beautiful small town located 200 km north of Mississauga, nestled on the Sequin River, and the shores of Georgian Bay. Now back at it for many of us. Here is your Mississauga House price Report October 2023.
Feel free to reach out if you have any real estate related questions or need my help! Scott Brubacher Broker – Royal LePage Meadowtowne Realty Brokerage 647.223.0237
GTA Market Snapshot ~ August 2023 Results
Across the GTA over the last month, we are seeing a more balanced market, good for both buyers and sellers. Increases in inventory means more options for buyers. Here in Mississauga we are still seeing investors and speculators competing with families to buy residential homes. In addition home prices are decreasing slightly as the result of higher interest rates. (as show below in the Home Price Index over time graph)Here’s the stats for August and a little about what’s happening so far in October across the Greater Toronto Area;
- Listing supply steadily increases in September.
- Showings are way up.
- Multiple offers still represent over 1/3 of sales.
- Greater number of sales in about half of the GTA.
- Days on market still low.
- Overall GTHA has moved into a more balanced market.
Mississauga Average House Prices September 2023
Mississauga House Prices
Free-hold TH: $956,770
Condo TH: $956,770
Condo Apt: $629,894
Total Average: $1,057,232
Looking to sell in the near future? 🏡
I hate to say it, but now’s the time to complete those pesky home repairs you’ve been putting off for years. Leaky faucets, cracks in the walls, running toilets, broken appliances, ripped screen doors—to the buyer, these small repairs suggest that the house hasn’t been taken care of and that there may be bigger issues lurking beneath the surface.
When it comes to bigger issues, my advice is to you is this: fix anything a home inspector might catch as they assess your house (e.g., water damage, heating and cooling system, structural issues, etc.). While some of these repairs may be more than you were hoping to pay, a clean bill of health from a home inspector will mean fewer red flags for potential buyers, not to mention it will ensure they have less leverage come negotiation time!
Scott Brubacher Broker – Royal LePage Meadowtowne Realty Brokerage – 6948 Financial Drive Mississauga – 647-223-0237