Mississauga Real Estate – July 2020 – House prices are on the increase over same time last year According to the Toronto real Estate Board. The board reported the average sale price was +11.9% over June 2019. Further sales activity has rebounded over the slower months during the start of the pandemic in March. In fact, sales volume is up 89% over May this year, as buyers and sellers are back in the market. Read on for the Mississauga House Price Report Summer 202
Even more a resurgence in higher end home sales
In the same vein, the board stats point to a resurgence in higher end home sales. Namely with detached and semi-detached making the largest gains.
As seen in Mississauga the market has been hot with many buyers experiencing multiple offer situations. Indeed, it’s a seller’s market with not enough homes for sale to meet the demand. As seen in the chart below prices for all housing types are on the rise.
Mississauga House Prices reported in June 2020
Avg. house price Mississauga Toronto Milton
(All home types) $ 891,012 $ 102,2138 $ 833,527
All House Types in Mississauga Average Prices
- Detached $ 1,228,643
- Semi-Detached $ 831,648
- Condo TH $ 681,881
- Condo Apt $ 549,532
- Link $ 837,833
- Freehold TH $ 797948
- Total Average $ 891,012
In conclusion it’s a sellers market in Mississauga Real Estate market. Albeit the market is still recovering from the COVID-19 pandemic and subject to the prevailing health orders.
As people get back to work and more regular activities, real estate is top of mind for some. I am listing and showing homes, writing offers and handling closings. I have leveraged technology to conduct many aspects of the process remotely. This allows you to accomplish your real estate goals safely and conveniently. Any in person visits include physical distancing and sanitation practices. I will continue to stay up-to-date with all public health orders and stay vigilant as I serve my clients. I am here for you, ready to help.
Thanks, Call me. –Scott
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