The average time it takes to sell a home in Brampton currently sits at 24 days. Most homes are selling anywhere between 97% – 98% of the asking price. There has been a substantial amount of new Brampton listings, resulting in increased choice and selection for prospective home buyers.
In June of 2010, Brampton had 1859 active listings on the market and 1358 new listings. There were 701 recorded sales in this month. Here is the break down according to areas in Brampton.
W0uld you like a full copy of this report? It’s available for download right here.
Brampton Real Estate Market Report
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $345,682
Median sale price: $335,000
Average number of days it took to sell a property: 24 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 222
Average sale price: $391,330
Median sale price: $370,750
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 84
Average sale price: $309,711
Median sale price: $315,000
Average % of listing price a home sold for: 98% of asking price
Condo Apartment
Number of properties sold: 12
Average sale price: $225,875
Median sale price: $212,000
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse Number of properties sold: 35
Average sale price: $238,326
Median sale price: $235,000
Average % of listing price a home sold for: 97% of asking price
Attached/Row/Townhouse Number of properties sold: 34
Average sale price: $289,297
Median sale price: $290,050
Average % of listing price a home sold for: 98% of asking price
Brampton Real Estate Market Report
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $347,153
Median sale price: $338,000
Average number of days it took to sell a property: 24 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 164
Average sale price: $430,521
Median sale price: $430,500
Average % of listing price a home sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 58
Average sale price: $321,081
Median sale price: $323,500
Average % of listing price a home sold for: 98% of asking price
Condo Apartment Number of properties sold: 33
Average sale price: $171,224
Median sale price: $159,900
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse Number of properties sold: 29
Average sale price: $189,607
Median sale price: $187,200
Average % of listing price a home sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 28
Average sale price: $287,382
Median sale price: $301,500
Average % of listing price a home sold for: 98% of asking price
If you are looking for specific Brampton real estate sales numbers for your neighbourhood or street, please contact me!
THIS CONDO IS NOW SOLD. FOR SIMILAR UNITS FOR SALE, PLEASE CONTACT ME.
Welcome to Solstice Condos, a new luxury condo building directly across the street from Square One Shopping Centre in the heart of Mississauga. This particular listing is an amazing corner unit, and boasts the largest 1 bedroom + den floor plan in the building. The entire condo features dark hardwood laminate flooring that leads you into a trendy designer kitchen that includes a high-end stainless steel fridge with a bottom freezer drawer, stainless steel stove, stainless steel dishwasher, and stainless steel microwave/hood combination. The kitchen also comes with gorgeous granite counter tops and dark kitchen cabinets.
As this is a corner unit, you’re granted a fantastic view of Square One to the northeast and a breathtaking view of the Toronto skyline and sparkling Lake Ontario to the Southeast.
The condo also features 2 bathrooms (one of which is an ensuite in the bedroom), stackable washer and dryer, and all the latest building amenities you’d typically find in a new luxury condo. The building is directly across the street from the YMCA, the Mississauga Central Library, the Living Arts Centre, Square One Shopping Centre, Tim Horton’s, Famous Players Coliseum, Mississauga Transit, and much more.
The current list price for this property is $279,000.
If you’re interested in obtaining more information on this listing or would like to see it in person, please leave me a comment here or contact me.
March of this year was extremely busy on the Toronto Real Estate Board and helped contribute to the best first quarter on record. Compared to March of last year, inventory grew by a whopping 42%.
The average time it took to sell a home has dropped considerably to an astounding 18 days! The Brampton real estate market still remains very strong, and most listings that appear on the market have no problems selling for a great price.
In March of 2010, Brampton had 1568 active listings on the market and 1811 new listings. There were 1062 recorded sales in this month. Here is the break down according to areas in Brampton.
Brampton Real Estate Market Report
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $340,199
Median sale price: $330,000
Average number of days it took to sell a property: 17 days
Average % of listing price a property sold for: 99% of asking price
Detached Homes
Number of properties sold: 344
Average sale price: $384,566
Median sale price: $377,550
Average % of listing price a home sold for: 99% of asking price
Semi-Detached Homes
Number of properties sold: 144
Average sale price: $304,303
Median sale price: $307,750
Average % of listing price a home sold for: 99% of asking price
Condo Apartment
Number of properties sold: 17
Average sale price: $199,206
Median sale price: $207,000
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse Number of properties sold: 41
Average sale price: $225,851
Median sale price: $225,000
Average % of listing price a home sold for: 98% of asking price
Attached/Row/Townhouse Number of properties sold: 55
Average sale price: $286,031
Median sale price: $289,500
Average % of listing price a home sold for: 99% of asking price
Brampton Real Estate Market Report
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $356,044
Median sale price: $337,500
Average number of days it took to sell a property: 19 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 237
Average sale price: $433,386
Median sale price: $432,000
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 115
Average sale price: $314,995
Median sale price: $317,0000
Average % of listing price a home sold for: 99% of asking price
Condo Apartment Number of properties sold: 32
Average sale price: $171,144
Median sale price: $163,000
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse Number of properties sold: 34
Average sale price: $206,872
Median sale price: $195,125
Average % of listing price a home sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 39
Average sale price: $287,871
Median sale price: $294,500
Average % of listing price a home sold for: 99% of asking price
If you are looking for specific Brampton real estate sales numbers for your neighbourhood or street, please contact me!
Laguna Beach Real Estate Thanks for this post.This is really well organized data and seems that march of this year was extremely busy on the Toronto Real Estate Board .I just hoping that it increase month by month for rest of the year.
brick cleaner Thank you for this blog. Thats all I can say. You most definitely have made this blog into something thats eye opening and important. You clearly know so much about the subject, youve covered so many bases. Great stuff from this part of the internet. Again, thank you for this blog
I will be starting a new weekly segment on my blog called the Brampton Real Estate Recap, where I will be summarizing some of the most common questions I received from my buyers, sellers, or readers from this blog. Most of these questions are quite relevant to how the Brampton real estate market is doing and the common issues that clients are facing when buying or selling.
If any of you have any questions you’d like to have answered and possibly featured here in an upcoming article, I invite you to join my Brampton Real Estate Message Board. It’s free to sign up, and you’re encouraged to post your thoughts, questions, or suggestions about anything. I’ll post any helpful or interesting questions here every week.
And now, without further delay, here are my top real estate questions of the week:
What does “sold conditionally” mean? Can I still see the house?
When an offer is accepted between a buyer and a seller, the offer is considered only sold conditional. Typically, in the sale of a home, the buyers will have 5 business days to arrange financing with their bank and have a home inspector visit the home to ensure that there are no major defects with the house. If the sale involves a condo apartment or townhouse, the buyers will have 5 business days to arrange financing with their bank and typically 2 business days to have their lawyers review the status certificate from the condo corporation. Whether it’s a house or a condo, if both of these conditions are fulfilled, the deal is then able to go firm.
During the conditional period, sellers have the option of continuing to allow prospective buyers to view the property or suspending showings altogether.
What is a status certificate?
I’ve written a previous article about this here, but in summary, a status certificate is a report that is ordered by the seller upon acceptance of an offer and provided to the buyer for review. This report outlines important information, such as the condo corporation by-laws, how much money is in the reserve fund, the current budget, how much maintenance fees are and whether they are predicted to increase or remain the same, potential claims against the corporation, and other financial information. The buyer’s lawyer will review this status certificate and determine whether or not the condo corporation is healthy or not, and if it is, the buyer will be advised to proceed with the purchase.
What should I expect if I’m a buyer in this market?
Despite the fact that Brampton is one of the busiest real estate areas in the GTA, inventory of good homes are still low. This has created a hot sellers market, and buyers who eventually find a suitable home find themselves competing in a multiple offer scenario with other buyers. Many homes are selling close to listing price, and a handful are selling above listing price. If you are in the market of buying a home, be prepared to submit an offer on the same day you find the right home, provided the sellers are accepting offers. If you wait even a day or two, it may be too late.
I heard I’ll need a 10% down payment after April. Is this true?
If you’re purchasing a resale home to live in, you will still be able to purchase with just 5% down. The only change in mortgage rules is for buyers who will be purchasing rental income properties that they won’t be occupying, and if that is the case, they’ll be required to put 20% down.
Will I have to pay HST on the purchase of my home?
If you’re buying a new home, read my article here. If you’re buying a resale home, all taxes are already included in the purchase price! You will, however, be paying HST on such services as your legal fees, home inspection, and other real estate related services.
** July 18, 2010 – UPDATE: This community has now been SOLD OUT**
Brampton Real Estate Update
As the Brampton real estate market grows, new subdivisions continue to pop up around the city. By now, you’ve probably heard that Daniels is set to introduce a new townhouse community in Brampton. Here is a brief overview of what to expect for this new corner of Brampton and how you can register for the preview.
Where will it be located?
You’ll find this new neighbourhood on Bramalea Rd., just north of Sandalwood Parkway.
What kind of homes will be available for purchase?
150 townhouses will be available in 1 bedroom, 2 bedroom, and 3 bedroom layouts. The square footage will range from 529 – 1305 square feet.
How much will these homes cost?
Pricing will start at $159,900. More pricing will be determined soon. If you would like to be updated on pricing, please leave me a comment at the end of this article.
How much deposit will be required?
$2,500 upon signing the Agreement of Purchase and Sale
An additional $2,500 10 days after purchasing the home
$1,000 each month until you reach 5% of the purchase price
What about HST?
The HST will be included in the price already.
How soon can you move into your home?
Anywhere between 30-90 days of the purchase.
I’ve heard that lining up for registration is insane! What’s it like?
If you’re interested in purchasing one of these homes, contact me first to find out more about the process and what it entails! Always be informed and have sound real estate advice. In the meantime, check out this video from the recent registrations for Daniel’s FirstHome in Mississauga.
In a previous post, I covered Park Place Condos. Here’s a quick start guide to the other big condo development that is coming up in Brampton. Blade Condos is currently under construction. Read ahead to find out more details on this condo project!
Where is it located?
The official address of this building will be 45 Railroad St., and it will be located in the heart of Brampton, directly across from the GO Station and will be occupying the former Dominion Skate Factory. Below is a picture of the site before contruction:
If you've found me through Google, you most likely used keywords such as brampton real estate, new homes in brampton, homes for sale in brampton, houses for sale in brampton, brampton homes, brampton condos, brampton real estate agent, and possibly one of many others.
My goal is to rank high on the #1 page of search results for these keywords so that I can get more exposure for your homes that are listed with me.
I believe the internet is unequivocally the best way to attract buyers to your home, as more and more home buyers are using MLS.ca (Realtor.ca) to search from the comfort of their own home, without the pressure of a real estate agent.
The purpose of this blog is to reach those internet savvy buyers and sellers and connect them here on my site.
Thanks for reading!
What Clients Say About Me
"Dear Lang, We just wanted to send our gratitude and extended thanks once again for your professionalism, on selling our home. We have dealt with many agents in the past and nobody comes close to the way you handled the complete transaction of selling our home.
You are one of the rarest real estate agents out there!!! One thing we hate are pushy sales people, that don't care about their clients and simply want to sell your house at the lowest possible price to sell fast and make their commission and leave.
You on the other hand were there anytime we needed you, and listened to exactly what we wanted and needed. You are very thoughtful, considerate and understanding, and on the ball at any time of the day we contacted you. And best of all you got us the price we wanted and deserved for our home.
We respect and appreciate all that you have done for our family, and we will definitely be contacting you for any real estate transactions we may make in the future." - Angela & Joe Clarke
"Congrats, Lang I wish you the best of luck! I like to thank you for what a great job you have done to help me and Tina sell and buy our home. You have gone way above and beyond your job functions. Not only are you honest and true, but you keep it real! You are down to earth and straight to the point kind of guy. Once again thank you for what you have done for us." - Daniel & Tina C.
"Lang, you did an awesome job selling our home and we're glad we called you back. Thanks for helping us out when we needed it the most. We recommend you anytime someone mentions real estate in Brampton." - Carrie L.
"We bought our first house with Lang and he actually helped us make informed decisions unlike other agents we talked to who were total jerks. If you're a first-time homebuyer, Lang does a really great job. And he's very honest!" - Kuljeet S.
Great website....there should be more sites like this for first time home buyers.