Sales and Average Home Price By Major Home Type for Mississauga, ON - September 2013

[realtormarina]

I had same question asked about 3 times yesterday: How much did home prices in Mississauga increased compared to last year. So, I thought it would be helpful to prepare this new type of report - Sales and Average Home Price By Major Home Type for Mississauga, ON



Property Type
Active Listings
Sales
Average Price
Min Price
Max Price

Detached

Sept 2012
849
226
687,119
250,101
2,462,500

Sept 2013
821
326
742, 634
255,101
3,700,000

% Change
-3.3%
+44%
+8%
+2%
+50%

Semi Detached

Sept 2012
199
104
431,295
299,000
595,000

Sept 2013
164
114
462,724
291,000
700,000

%Change
-17%
+9%
+7%
-2%
+17%

Townhouse

Sept 2012
65
24
430,896
363,000
572,000

Sept 2013
61
37
432,759
325,000
567,500

% Change
-6%
+54%
+0.4%
-10%
-0.7%

Condo Townhouse

Sept 2012
313
129
338,045
128,000
960,000

Sept 2013
275
164
367,995
155,000
1,500,000

% Change
-12%
+27%
+8%
+21%
+56%

Condo Apartment

Sept 2012
791
173
273,077
110,000
1,085,000

Sept 2013
870
197
266,391
138,000
475,000

% Change
+9%
+13%
-2%
+25%
-56%

As we can see inventory on all types of homes except for Condo Apartment substantially decreased, while the sales increased. If we continue heading in the very same direction, in a few months we will have an intense inventory shortage. Prices for most type of homes also increased over the last year. Again, with the only exception for Condo Apartments, where the price dropped by about 2%, but I would say this is mainly due to the inventory increase.

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Compliments of Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty

MarinaG.ca