How did the Brampton real estate market do in May 2009?

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