Mississauga Real Estate – September 2020; Decidedly, pent up demand from GTA buyers and sellers is a major factor driving a red-hot housing market, according to the Toronto Real Estate Board. While demand for condominium apartments has lost some steam, detached and semi-detached style homes are in ultra high demand. Therefore, prices are on the increase and many buyers find themselves in multiple offer situations. Read on for the Mississauga House Price Report September 2020
rebounding Mississauga real estate market
The MLS Home Price Index Composite Benchmark was up 11.1% in August 2020 compared to August 2019 across the GTA. To be sure a rebounding Mississauga real estate market too.
In Mississauga the real estate market is hot. Clearly average prices are up as well as sale volume is up 40% over same time last year. Clearly, the driving factors are a growing job market and ultra low interest rates. In addition, the demographics of younger families buying their first home or those needing more space for growing families.
Exciting New Brightwater Waterfront Village in Port Credit
Additionally, it’s so great to have the exciting new Brightwater Waterfront Village starting to roll out in Port Credit. Features include 2,500+ Condos & 400+ Town homes plus retail, restaurants and office space.
Mississauga House Price Report September 2020
Avg. house price Mississauga Toronto Milton
(All home types) $ 919,295 $ 985,849 $ 865,887
All House Types in Mississauga Average Prices
Detached $ 1,307,832
Semi-Detached $ 856,053
Condo TH $ 673,246
Condo Apt $ 673,246
Link $ 922,500
Freehold TH $ 820,294
Total Average $ 919,295
In conclusion market sales were elevated through August 2020 due to a delay Spring market. Undoubtedly, a real estate sale rebound resulted from the forced stay home order during the COVID-19 pandemic. In fact, sales numbers were a record high for the month of August 2020.
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