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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
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Dwelling Type
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Sales
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Average Price
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| Detached |
2540
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$369,450
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| Semi Detached |
639
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$298,000
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| Condo Townhouse |
351
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$229,900
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| Condo Apt |
1143
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$214,500
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| Link |
121
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$272,000
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| Freehold Townhouse |
364
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$282,450
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| Co-op Apt |
14
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$156,500
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| Det. Condo |
1
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$306,000
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Average Days on the Market
| January |
42
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| February |
34
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| March |
32
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| April |
31
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| May |
32
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| June |
33
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| July |
35
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| August |
36
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| September |
35
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| October |
36
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| November |
38
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| December |
40
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Xceed Realty Inc. Brokerage - Joseph Kolenc - Broker of Record
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21 Blue Bonnet Drive, Brampton, ON L6Y 4N4 Telephone 416-994-2190 Fax: 905-457-3505
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