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
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