Brampton real estate market: January 2010
(Click for December 2009 Brampton market report)
There was a dramatic difference between January of this year compared to last year when we were emerging from our real estate downturn. The average sale price increased by 19% compared to the same month last year.
The average time it took to sell a home continues to hover around 27 – 28 days, which is great for the winter months. The Brampton real estate market has done considerably well.
In January of 2010, Brampton had only 967 active listings on the market, 917 of which were new listings. There were 499 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: $335,417
Median sale price: $327,625
Average number of days it took to sell a property: 28 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 170
Average sale price: $379,195
Median sale price: $370,000
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 71
Average sale price: $294,357
Median sale price: $289,000
Average % of listing price a home sold for: 98% of asking price
Condo Apartment
Number of properties sold: 8
Average sale price: $190,244
Median sale price: $186,000
Average % of listing price a condo sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 14
Average sale price: $228,507
Median sale price: $239,000
Average % of listing price a home sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 35
Average sale price: $280,671
Median sale price: $279,900
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: $367,424
Median sale price: $349,900
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 115
Average sale price: $455,193
Median sale price: $451,000
Average % of listing price a home sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 28
Average sale price: $303,214
Median sale price: $295,250
Average % of listing price a home sold for: 98% of asking price
Condo Apartment
Number of properties sold: 20
Average sale price: $167,185
Median sale price: $171,000
Average % of listing price a condo sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 15
Average sale price: $197,633
Median sale price: $194,000
Average % of listing price a home sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 20
Average sale price: $285,195
Median sale price: $289,000
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!
As promised, here are the final selling prices for homes in the W24 district of Brampton (anywhere East of Highway 410) for 2009.
I’ve just finished compiling the final selling prices for all homes in the W23 district of Brampton (that’s anywhere West of Highway 410) for 2009. I’ll be working on the numbers for W24 and have them posted shortly.
Hope this chart will provide useful for some of you!
December 2009
December sales across the GTA showed a 17% increase over the same month of 2008. Overall in 2009, home prices increased by 4%.
The average time it took to sell a home continued to stay brisk at an average of 27 days, contributing the trend of low inventory of homes in Brampton.
In December of 2009, Brampton had only 849 active listings on the market, 517 of which were new listings. There were 502 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $330,180
Median sale price: $315,250
Average number of days it took to sell a property: 26 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 180
Average sale price: $374,110
Median sale price: $359,500
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 60
Average sale price: $283,292
Median sale price: $285,450
Average % of listing price a property sold for: 99% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $200,300
Median sale price: $205,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 22
Average sale price: $209,345
Median sale price: $203,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 32
Average sale price: $275,361
Median sale price: $266,000
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $341,958
Median sale price: $333,000
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 103
Average sale price: $434,451
Median sale price: $428,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 32
Average sale price: $306,153
Median sale price: $301,750
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 27
Average sale price: $165,541
Median sale price: $156,600
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 18
Average sale price: $187,3725
Median sale price: $182,500
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 18
Average sale price: $294,967
Median sale price: $293,250
Average % of listing price a property sold for: 98% of asking price
October 2009
The average price for October transactions increased by 20% compared to October of last year. Houses valued over $750,000 experienced the largest jump in sales. Inventory is extremely low and demand is high.
The average time it took to sell a home also dropped substantially to an average of 27 days.
In October of 2009, Brampton had 1,172 active listings on the market, 966 of which were new listings. There were 729 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $326,291
Median sale price: $319,000
Average number of days it took to sell a property: 28 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 269
Average sale price: $360,746
Median sale price: $354,900
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 81
Average sale price: $289,741
Median sale price: $295,500
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 9
Average sale price: $189,056
Median sale price: $198,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 30
Average sale price: $224,875
Median sale price: $229,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 26
Average sale price: $258,563
Median sale price: $259,950
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $365,400
Median sale price: $344,000
Average number of days it took to sell a property: 26 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 187
Average sale price: $436,957
Median sale price: $440,000
Average % of listing price a property sold for: 99% of asking price
Semi-Detached Homes
Number of properties sold: 50
Average sale price: $307,534
Median sale price: $302,250
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 27
Average sale price: $174,167
Median sale price: $171,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 21
Average sale price: $192,805
Median sale price: $184,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 20
Average sale price: $291,311
Median sale price: $286,000
Average % of listing price a property sold for: 99% of asking price
July 2009
July 2009 continued to post record sales, carrying on the surge of transactions from June. Compared to the same time last year, July 2009 reported 9,967 sales, up 28%. The average price per transaction went up 6% from July of last year. It’s official – last month was the busiest July on record!
The average time it took to sell a home also dropped by 3-4 days in Brampton. Homes are selling faster!
In July of 2009, Brampton had 1,530 active listings on the market, 1,184 of which were new listings. There were 898 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $325,486
Median sale price: $313,000
Average number of days it took to sell a property: 30 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 332
Average sale price: $362,038
Median sale price: $350,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 107
Average sale price: $283,369
Median sale price: $285,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 12
Average sale price: $201,117
Median sale price: $200,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 37
Average sale price: $230,527
Median sale price: $240,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 47
Average sale price: $269,682
Median sale price: $264,750
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $334,200
Median sale price: $320,000
Average number of days it took to sell a property: 33 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 195
Average sale price: $409,015
Median sale price: $408,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 77
Average sale price: $289,936
Median sale price: $287,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 30
Average sale price: $152,267
Median sale price: $144,250
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 31
Average sale price: $187,258
Median sale price: $183,500
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 24
Average sale price: $279,325
Median sale price: $278,000
Average % of listing price a property sold for: 98% of asking price
June 2009
June of 2009 was a great indication of just how strong the real estate market has bounced back from the lows of a few months ago. June proved to be the BEST JUNE ON RECORD, showing increased sales by 27% over June of 2008. The average price for homes in the Greater Toronto Area increased by 2% over the same time last year. Sales are increasing, and inventory is declining.
In June of 2009, Brampton had 1,681 active listings on the market, 1,222 of which were new listings. There were 901 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $322,801
Median sale price: $309,000
Average number of days it took to sell a property: 33 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 345
Average sale price: $356,205
Median sale price: $345,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 104
Average sale price: $278,140
Median sale price: $281,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 11
Average sale price: $202,000
Median sale price: $199,000
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 27
Average sale price: $229,363
Median sale price: $237,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 50
Average sale price: $262,965
Median sale price: $262,250
Average % of listing price a property sold for: 98% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $344,010
Median sale price: $320,250
Average number of days it took to sell a property: 37 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 205
Average sale price: $413,314
Median sale price: $407,500
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 61
Average sale price: $294,284
Median sale price: $291,001
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 31
Average sale price: $172,142
Median sale price: $171,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 26
Average sale price: $201,115
Median sale price: $194,500
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 32
Average sale price: $278,672
Median sale price: $274,750
Average % of listing price a property sold for: 97% of asking price
May 2009
May proved to be an extremely busy month, with sales up almost two percent compared to May of 2008. The average price for May transacations was down less than one percent compared to the same month last year. With recent low mortgage rates, buyers are flocking to listings. Inventory has begun to decline with so many recent transactions, causing prices to move up.
The average time it takes to sell a home in Brampton has also dropped between 1-4 days, depending on the district.
In May of 2009, Brampton had 1,891 active listings on the market, 1,178 of which were new listings. There were 790 recorded sales in this month. Here is the break down according to areas in Brampton.
W23 (Any area in Brampton west of Highway 410)
Overall
Average sale price: $322,353
Median sale price: $304,500
Average number of days it took to sell a property: 33 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 305
Average sale price: $354,626
Median sale price: $342,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 89
Average sale price: $280,099
Median sale price: $286,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 14
Average sale price: $205,786
Median sale price: $203,500
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 17
Average sale price: $218,088
Median sale price: $228,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 33
Average sale price: $248,485
Median sale price: $250,000
Average % of listing price a property sold for: 97% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $328,185
Median sale price: $320,000
Average number of days it took to sell a property: 35 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 181
Average sale price: $386,271
Median sale price: $385,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 70
Average sale price: $296,485
Median sale price: $295,500
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 31
Average sale price: $169,181
Median sale price: $180,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 20
Average sale price: $195,890
Median sale price: $189,750
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 23
Average sale price: $299,213
Median sale price: $305,000
Average % of listing price a property sold for: 97% of asking price
Hi Lang, I just read your home prices for 2009, very interesting. I will be on the hunt for a detached 4 bedroom approx. 2400 sq ft home in the Springdale area in another year or so, what are the current market value for these homes, possibly with a finished basement, do you think the prices will go up within the next year, is this a good area to invest in the future ?.