Jun
10
How did the Brampton real estate market do in May 2008?
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Here are the latest numbers for the real estate market in Brampton for May 2008. In comparison to last May where a record number of sales was set, May of 2008 was slightly less in the total number of sales. However, detached homes saw a 3% increase in value and semi-detached homes increased 5% in value compared to sales from January to May of 2007. Overall, the market remains healthy while inventory has increased slightly compared to last year, which bodes well for home buyers.
May 2008
In May of 2008, Brampton had 2726 active listings on the market, 1834 of which were new listings. There were 827 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: $312,254
Median sale price: $302,500
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: 268
Average sale price: $350,055
Median sale price: $342,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 114
Average sale price: $285,325
Median sale price: $285,500
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 14
Average sale price: $213,879
Median sale price: $225,950
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 37
Average sale price: $220,346
Median sale price: $226,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 46
Average sale price: $262,623
Median sale price: $260,000
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: $326,656
Median sale price: $318,850
Average number of days it took to sell a property: 31 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 182
Average sale price: $389,423
Median sale price: $388,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 80
Average sale price: $296,896
Median sale price: $294,550
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 26
Average sale price: $159,608
Median sale price: $157,400
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 31
Average sale price: $199,298
Median sale price: $191,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 27
Average sale price: $286,052
Median sale price: $296,000
Average % of listing price a property sold for: 98% of asking price
Popularity: 20% [?]
May
22
How did the Brampton real estate market do in April 2008?
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Here are the latest numbers for the real estate market in Brampton for April 2008. Sales remain moderate throughout the GTA, but prices are still steadily rising.
April 2008
In April of 2008, Brampton had 2477 active listings on the market, 1857 of which were new listings. There were 852 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: $310,203
Median sale price: $302,000
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: 270
Average sale price: $344,372
Median sale price: $334,500
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 113
Average sale price: $287,621
Median sale price: $291,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 17
Average sale price: $215,494
Median sale price: $219,000
Average % of listing price a property sold for: 98% of asking price
Condo Townhouse
Number of properties sold: 31
Average sale price: $226,439
Median sale price: $231,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 51
Average sale price: $263,308
Median sale price: $256,000
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: $332,593
Median sale price: $323,000
Average number of days it took to sell a property: 29 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 211
Average sale price: $395,516
Median sale price: $390,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 62
Average sale price: $300,564
Median sale price: $301,500
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 26
Average sale price: $154,315
Median sale price: $143,350
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 30
Average sale price: $169,833
Median sale price: $153,500
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 25
Average sale price: $271,686
Median sale price: $277,000
Average % of listing price a property sold for: 98% of asking price
Popularity: 30% [?]
Apr
10
How did the Brampton real estate market do in March 2008?
Filed Under Brampton, Condos, Homes, Real Estate, Stats And Reports | Leave a Comment
Here are the latest numbers for the real estate market in Brampton for March 2008. Although inventories remained low all around the GTA due to a prolonged winter, sales remained brisk, especially in the 905 suburbs.
Don’t forget that The Bank Of Canada is expecting to once again drop it’s key lending rate on April 22. This means a continued boost to the market activity that’s already been booming during the spring market.
March 2008
In March of 2008, Brampton had 2164 active listings on the market, 1474 of which were new listings. There were 575 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: $315,730
Median sale price: $304,000
Average number of days it took to sell a property: 29 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 192
Average sale price: $352,625
Median sale price: $347,500
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 84
Average sale price: $283,472
Median sale price: $285,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 10
Average sale price: $193,750
Median sale price: $203,500
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 21
Average sale price: $227,048
Median sale price: $235,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 23
Average sale price: $259,561
Median sale price: $262,000
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: $318,397
Median sale price: $306,500
Average number of days it took to sell a property: 31 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 123
Average sale price: $394,057
Median sale price: $388,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 53
Average sale price: $294,010
Median sale price: $295,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 26
Average sale price: $154,315
Median sale price: $143,350
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 23
Average sale price: $193,967
Median sale price: $185,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 16
Average sale price: $266,953
Median sale price: $266,000
Average % of listing price a property sold for: 98% of asking price
Popularity: 49% [?]
Mar
31
What exactly is MLS?
Filed Under Brampton, Buy, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment
If you’re either thinking of selling or buying a home, you’ve probably talked to friends or real estate agents and everyone seems to be saying the same thing. Put your house on MLS! But what exactly is MLS and why the big fuss? No, it’s not Major League Soccer.
MLS stands for Multiple Listing Service. It is a website that is run by the Canadian Real Estate Association and can be found by simply visiting www.mls.ca. MLS.ca is a tool that realtors from around the country and on various real estate boards use to market properties that are for sale. How does this benefit you as a seller or a buyer?
As a seller, your home will be marketed on the largest real estate listings database in Canada and exposed to potential buyers from across the globe. To give you an idea of how many people visit MLS, there were approximately 2.86 million unique visitors in January 2008, according to Comscore stats. MLS.ca is absolutely the best place for buyers to search for a home. Homes can easily be found according to cities and the criteria that is selected during the search. Every property listed on MLS will have vital details on the property for sale, and most provide photos of the home as well. MLS will also let you quickly and easily locate a Realtor.
Once you become familiar with MLS.ca, you’ll note that each property for sale has it’s own code number, known as the MLS Number. This number is useful to keep handy if you’re working with a real estate salesperson. If you want to book appointments on any homes, all you have to do is give the corresponding MLS number to your real estate representative, and they can easily book a time for you to visit the home.
Almost all Realtors will provide you with full MLS access when you list your home. Be sure to ask! MLS is an absolute must-have when you’re selling your home.
Popularity: 53% [?]
Mar
16
More news on illegal basements in Brampton
Filed Under Brampton, By-Laws, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment
Judging by the popularity of my first article on illegal basement apartments in Brampton, the topic still strikes a lot of interest with readers. And now the debate rages on as Brampton city councillors announce that they’re preparing to look into the subject again in the very near future.
Here are some interesting things to note from statistics compiled from 2007:
- Deterring illegal basement apartments has proven to be difficult as provincial fines are set at only $100 - $500.
- Of the 600 complaints filed by other residents last year, most were wrong in their reports. Most cases turned out to involve extended families living within the household.
- Home owners are legally allowed to refuse city bylaw officers from entering their home, as city workers actually have no right of entry. Of the 600 complaints last year, 75 refused entry to city officials. Firefighters DO have right to entry if they believe there is a safety hazard.
- Brampton currently employs 10 bylaw enforcement officers to investigate complaints.
- The number of complaints has dropped this year. There have been 78 this year to date.
Some of the big issues that are created by an excess of illegal basement apartments are property standards, parking, traffic congestion, and overburdening infrastructure such as schools.
If you’re looking for more information about the legalities of illegal basement apartments in Brampton, please check my earlier article linked above. In the meantime, you can check this article that goes more into depth about Brampton’s current stance on illegal basement apartments.
Popularity: 79% [?]
Mar
5
How did the Brampton real estate market do in February 2008?
Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment
Here are the latest numbers for the real estate market in Brampton for February 2008. The biggest difference between last month and this month is the average time it took to sell a home. In January, houses west of the 410 took 37 days to sell, whereas in February it only took 29 days. Homes east of the 410 took 38 days on average to sell, while in February they took only 33.
The outlook for the coming months is good as the Bank of Canada cut it’s key lending rate by half a percentage point to 3.5%. The Bank Of Canada has also hinted that another cut may be coming soon at it’s next meeting on April 22nd, so keep your ears open for that announcement.
February 2008
In February of 2008, Brampton had 1812 active listings on the market, 1121 of which were new listings. There were 581 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: $313,961
Median sale price: $297,000
Average number of days it took to sell a property: 29 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 196
Average sale price: $360,746
Median sale price: $345,750
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 74
Average sale price: $279,550
Median sale price: $286,750
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 10
Average sale price: $195,020
Median sale price: $200,500
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 37
Average sale price: $215,631
Median sale price: $215,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 30
Average sale price: $257,993
Median sale price: $260,250
Average % of listing price a property sold for: 99% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $313,697
Median sale price: $301,750
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: 108
Average sale price: $395,716
Median sale price: $380,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 50
Average sale price: $292,091
Median sale price: $294,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 34
Average sale price: $162,983
Median sale price: $158,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 16
Average sale price: $202,275
Median sale price: $193,250
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 22
Average sale price: $278,177
Median sale price: $280,250
Average % of listing price a property sold for: 99% of asking price
Popularity: 37% [?]
Mar
3
How did the Brampton real estate market do in January 2008?
Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment
Here are the latest numbers for the real estate market in Brampton for January 2008. I’ll have the February numbers up in a few days.
January 2008
In January of 2008, Brampton had 1210 active listings on the market. There were 491 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: $310,043
Median sale price: $306,000
Average number of days it took to sell a property: 37 days
Average % of listing price a property sold for: 98% of asking price
Detached Homes
Number of properties sold: 179
Average sale price: $340,044
Median sale price: $334,000
Average % of listing price a property sold for: 98% of asking price
Semi-Detached Homes
Number of properties sold: 59
Average sale price: $275,486
Median sale price: $276,000
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 8
Average sale price: $194,688
Median sale price: $195,250
Average % of listing price a property sold for: 98% of asking price
Condo Townhouse
Number of properties sold: 16
Average sale price: $237,631
Median sale price: $237,750
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 29
Average sale price: $266,945
Median sale price: $267,000
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: $314,517
Median sale price: $296,850
Average number of days it took to sell a property: 38 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 92
Average sale price: $398,931
Median sale price: $391,750
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 43
Average sale price: $287,970
Median sale price: $295,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 24
Average sale price: $162,042
Median sale price: $152,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 15
Average sale price: $194,277
Median sale price: $184,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 26
Average sale price: $269,838
Median sale price: $270,250
Average % of listing price a property sold for: 97% of asking price
Popularity: 30% [?]
Feb
23
How did the Brampton real estate market do in December 2007?
Filed Under Brampton, Buy, Condos, Homes, Real Estate, Sell, Stats And Reports | Leave a Comment
I will be adding a new market watch feature to the Brampton Real Estate Blog that will provide you specific real estate statistics for Brampton in a given month. This will give both real estate agents as well as buyers and sellers a resource to gauge the direction and strength of real estate in our city. I’ll be providing sales volumes as well as price ranges for both homes and condos, so check back often for the latest updates on the Brampton real estate market!
December 2007
In December of 2007, Brampton had 1357 active listings on the market, 483 of which were new. There were 377 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: $298,680
Median sale price: $291,000
Average number of days it took to sell a property: 39 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 132
Average sale price: $333,112
Median sale price: $325,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 44
Average sale price: $274,673
Median sale price: $281,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $234,300
Median sale price: $175,500
Average % of listing price a property sold for: 97% of asking price
Condo Townhouse
Number of properties sold: 25
Average sale price: $215,856
Median sale price: $222,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 27
Average sale price: $258,085
Median sale price: $266,000
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: $321,400
Median sale price: $302,000
Average number of days it took to sell a property: 41 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 80
Average sale price: $382,488
Median sale price: $373,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 32
Average sale price: $286,884
Median sale price: $288,500
Average % of listing price a property sold for: 98% of asking price
Condo Apartment
Number of properties sold: 15
Average sale price: $160,000
Median sale price: $155,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 9
Average sale price: $203,226
Median sale price: $198,500
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 7
Average sale price: $286,529
Median sale price: $293,000
Average % of listing price a property sold for: 99% of asking price
Popularity: 26% [?]
Feb
21
How much can I rent out my Brampton home for?
Filed Under Brampton, Condos, Homes, Real Estate, Stats And Reports, The Numbers | Leave a Comment
Do you have a home or condo in Brampton that you’re considering putting up for rental but are unsure of what to charge for rent? Are you a tenant looking to rent a home or condo in Brampton and want to know how much rent is in certain neighbourhoods?
There is a quick and easy way to check online how much rent is in your location. Simply plug in your rent and your location and this rentometer will show you on a scale where your rent is in relation to the median in your area. You will also see a property map with all the other rentals it used for comparison. All you have to do is go to the Rentometer!
A great resource to check to see if you’re charging too little as a landlord, or paying too much as a tenant!
Popularity: 32% [?]
Jan
23
Brampton is growing - Brampton Transit can’t keep up!
Filed Under Brampton, Stats And Reports | Leave a Comment
A sure-tell sign that your community is growing faster than anticipated is when your public transportation system scrambles to keep up with the demand of it’s riders. As of this Monday, you’ll be spending an extra $1 for 10 tickets or a weekly pass and an extra $4 for a monthly pass. Senior citizens, however, will see just an additional $2 added to their monthly pass.
Fortunately, cash fares will stay the same as they had only recently increased to $2.75, up from $2.50 back in February of 2007.
The Canadian Urban Transit Association estimates that Brampton Transit is growing three times faster than the national average, due to the increase in services and the real estate developments in the north end of the city. All of this indicates that Brampton is indeed continuing to grow at a healthy pace!
Popularity: 23% [?]
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