April was another bustling month of Mississauga real estate sales for Team McDadi—spring’s first full month.
All segments of the Mississauga real estate market performed well for our team, and new statistics from the Toronto Real Estate Board concur that the “first full-month” of spring was hot, despite the fact the weather wasn’t so temperate.
Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the Toronto MLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.
The average selling price for April 2014 sales was $577,898 – up by 10.1 per cent compared to the April 2013 average of $524,868. The MLS® Home Price Index (HPI) Composite Benchmark was up by seven per cent year-over-year.
According to the TREB, 1094 homes were sold in Mississauga in April, with an average sale price of $522,804. The average price for a detached home in Mississauga in April was $757,096, and the average price for a semi-detached was $491,339. The average Mississauga condo townhome cost $383,725 and the average condo apartment sold for $276,774, in April.
Buyers in the Mississauga real estate market were seeking out a wide range of homes in April, from first time home-buyers who were looking for entry-level condominiums or semi-detached homes, to buyers who were looking to buy homes valued at more than $1million.