March 2009
The real estate market showed very positive results for the month of March. In comparison to March of last year, sales were only down 7% which represents the smallest year-to-year decline since the economy showed signs of trouble in the fall. In fact, the average sale price in the GTA last month compared to March of 2008 was down less than only 5%. The real estate market is showing strong signs of activity and is doing quite well in light of the economic downturn.
The average number of days it takes to sell a home in Brampton has also dropped. Things are looking up!
In March of 2009, Brampton had 2,107 active listings on the market, 1,244 of which were new listings. There were 539 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: $296,365
Median sale price: $279,000
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: 179
Average sale price: $336,280
Median sale price: $324,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 82
Average sale price: $270,242
Median sale price: $270,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 17
Average sale price: $186,171
Median sale price: $184,000
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 25
Average sale price: $215,040
Median sale price: $217,000
Average % of listing price a property sold for: 97% of asking price
Attached/Row/Townhouse
Number of properties sold: 21
Average sale price: $245,514
Median sale price: $247,500
Average % of listing price a property sold for: 96% of asking price
W24 (Any area in Brampton east of Highway 410)
Overall
Average sale price: $321,535
Median sale price: $302,000
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: 111
Average sale price: $400,053
Median sale price: $380,000
Average % of listing price a property sold for: 97% of asking price
Semi-Detached Homes
Number of properties sold: 34
Average sale price: $286,807
Median sale price: $299,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 23
Average sale price: $157,183
Median sale price: $150,200
Average % of listing price a property sold for: 96% of asking price
Condo Townhouse
Number of properties sold: 21
Average sale price: $195,621
Median sale price: $198,000
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 25
Average sale price: $277,120
Median sale price: $284,000
Average % of listing price a property sold for: 97% of asking price
This post has 2 comments |
Hi David Thanks for stopping by my blog and leaving a comment. I just checked out your website and it's fantastic! :) All the best in Arizona! Lang
Thanks for the insights on your market. A 7% decline is completely manageable given the economic climate. Glad to see Canada's and your local market's economic outlook wasn't as bad as that in the United States and here in the Phoenix real estate market in particular. We are seeing substantial improvement (buyer demand is at a record level along with declining inventory) here and do get a number of Canadians looking at properties in our market. Your statistics look so appealing. I had forgotten what a relatively normal market looks like. Thanks for the great insights. I try to keep tabs on what is happening in other markets and this was very useful.