C'on Home Sellers, what are you waiting for, Mississauga Real Estate Market is so Hot. The dramatical turn seen in the last few months from a buyers to a sellers market is continuing in Mississauga resale home sales.
Look at the August 09 figures, the sales are up from 5% to 20% approximately as compared to August 08 in different parts of Mississauga. But at the same time not many home owners are putting their home for sale. The new listings dropped by about 25% and more interestingly the total active listings almost dropped by 50% in August 09 in comparison to August 08. The home prices have also gone up in the range of 1% to 6% over the same period last year. This dropped inventory level has resulted in multiple offer situations and rightly priced properties are gone in just a week's time.
So let's look at this scenario, there are not many properties out there and buyer's can't find their dream home without getting into the multiple offers. So if you have been thinking of selling your home, why are you holding back, take advantage of this upswing market conditions. Want to know what's your home worth, just go to www.MyGTAHomeValue.com, input your home details and you would receive your neighbourhood activity.
And if you are a home buyer, the market is still not bad. The interest rates are so low, so why wait. Buy it now before the interest rates go up and the prices go up. Need help in finding the right property, just go to www.FindMyGTAHome.com, input what you are looking for and everyday you will receive email notification of all the new properties which come on the market meeting your requirements.
For more information on buying or selling a home in Mississauga please contact Manoj Arora at 416-618-9753 or email manojarora@rogers.com.
Manoj Kumar Arora, Broker of Record, ACE Team Realty Inc., Brokerage
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