Mississauga House Trends Report April 2016 which includes statistics and average prices for all different types of Homes – including Detached, Semi-detached, Condo Town Homes, Freehold Town Homes and Condo Apartments. – Average Days on market, sales to listing ratio, months of inventory.
Crocus Blooms in Mississauga
Mississauga Homes Daily – April 5, 2016 – Mississauga Ontario
According to the Toronto Real Estate Board Market watch report, March 2016 was an all-time record for home sales for the first quarter –Q1- of this year. A general lack of inventory resulted in not enough homes to meet the demand of buyers. This has created a strong sellers’ market which has resulted in higher prices. The MLS Home price index composite benchmark was up 11.6 percent compared to March 2015.
March was a strong sellers’ market with mild temperatures in the area.
- Fewer listings in March this year compared to last year – but- more sales volume resulting in many multiple offer situations and not enough inventories to meet buyer demand.
- March Average House price increase across the GTA – up 16.2% over last year
- March Average Price Increase across the GTA – up 12.1% over last year
- In Mississauga –
Home Type Avg. Sale Price Active Listings
- Detached $939,086 416
- Semi-detached $586,021 78
- Condo TH $429,995 162
- Condo Apt $305,564 508
- Link $604,322 6
- Freehold TH $574,129 14
In general this month we saw the detached, semi-detached and Townhomes in high demand in Mississauga. In one offer situation we were in, we competed against eight other offers on a house and it sold for 15% over asking. Several of the buyers did a pre-home inspection prior to the offer time and waived conditions.
That’s it for now – have a great month!
Mississaugahomesdaily.com – is a daily review of home for sale in Mississauga – Streetsville, Erin Mills, Meadowvale, Lisgar, East Credit, Creditview, Meadowvale Village, and Churchill Meadows.
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If you want to know how the current Mississauga Real estate market is doing – you can find it here: https://mississaugahomesdaily.com/mississauga-housing-trends-report/