According to the Toronto Real Estate Board, there were 7915 sales of single family homes during the month of October which is an all time record for the month. This represents a 15% increase over last year this time and 10% increase over October 2003 statistics, which was the all time record. Prices rose by 4% over last month's average and 11% over October 2006. The average price for October 2007 was $394,646.
Area | Active | New | Sales | Avg. Price | Med Price | Avg DOM | Avg % List |
W12 | 245 | 136 | 91 | 431,995 | 311,000 | 27 | 97 |
W13 | 204 | 120 | 86 | 627,147 | 449,000 | 32 | 98 |
W14 | 144 | 92 | 65 | 301,330 | 289,000 | 29 | 97 |
W15 | 496 | 290 | 189 | 238,423 | 210,00 | 35 | 97 |
W16 | 169 | 142 | 86 | 384,111 | 331,250 | 20 | 98 |
W18 | 134 | 65 | 23 | 251,517 | 257,500 | 29 | 98 |
W19 | 443 | 337 | 214 | 359,517 | 345,000 | 29 | 98 |
W20 | 422 | 355 | 238 | 354,227 | 336,450 | 25 | 98 |
The average price for a detached home in Mississauga for 2007 is 392,000. Relatively good affordability, historically low unemployment rates and population growth, will continue to support a healthy demand. Home appreciation is expected to rise by 6% for 2008.
For Mississauga, Brampton and Oakville Real Estate and homes see Sell My Home in Mississauga Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site
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