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The New Year got off to a fast start with 5173 existing homes in January. This figure is 13% over the same time period last year, and up 6% from the 4869 sales records for the same month back in 2002, which was the previous record for the month. Meanwhile average prices climbed in January to $353,724, this is up 5% over December and up 6% over the $332,687 recorded in January 2006. While one shouldn’t read too much into a single months results, January’s record-breaking performance is an encouraging sign for the year ahead. Breaking down the totals • 1975 sales were recorded in the West districts and averaged $335,116 • 878 sales were recorded in the Central districts with an average price of $462,211 • 1082 sales were reported in the North districts with average prices reaching $383,806 • 1238 sales were reported in the East districts and averaged $280,178 Neighbourhood Corner In January, Mississauga recorded 667 sales, a 10% increase over the same time last January. The average price was $335,252, up 10% over the $305,464 recorded during January 2006. In addition, there were 219 sales of Detached homes in the Mississauga, which averaged $478,889, a 7% increase over the same time period last year ($448,889). Single Family Residential Breakdown
Average Days on the Market
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