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
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
February 2009
The real estate market in Brampton saw a noticeable increase in activity last month. What’s interesting is that average sale prices for homes in the W23 district (west of Highway 410) went up and the time it took to sell a home dropped from 49 days to 40. In contrast, W24 (east of Highway 410) saw little change from the previous month.
In February of 2009, Brampton had 1,895 active listings on the market, 986 of which were new listings. There were 372 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: $300,643
Median sale price: $287,250
Average number of days it took to sell a property: 40 days
Average % of listing price a property sold for: 97% of asking price
Detached Homes
Number of properties sold: 136
Average sale price: $330,694
Median sale price: $318,000
Average % of listing price a property sold for: 96% of asking price
Semi-Detached Homes
Number of properties sold: 49
Average sale price: $268,890
Median sale price: $268,000
Average % of listing price a property sold for: 97% of asking price
Condo Apartment
Number of properties sold: 5
Average sale price: $180,600
Median sale price: $180,000
Average % of listing price a property sold for: 95% of asking price
Condo Townhouse
Number of properties sold: 14
Average sale price: $232,139
Median sale price: $240,000
Average % of listing price a property sold for: 98% of asking price
Attached/Row/Townhouse
Number of properties sold: 19
Average sale price: $251,637
Median sale price: $245,000
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: $314,949
Median sale price: $311,000
Average number of days it took to sell a property: 43 days
Average % of listing price a property sold for: 96% of asking price
Detached Homes
Number of properties sold: 85
Average sale price: $370,333
Median sale price: $372,000
Average % of listing price a property sold for: 95% of asking price
Semi-Detached Homes
Number of properties sold: 30
Average sale price: $284,517
Median sale price: $277,500
Average % of listing price a property sold for: 96% of asking price
Condo Apartment
Number of properties sold: 12
Average sale price: $146,442
Median sale price: $147,950
Average % of listing price a property sold for: 98% of asking price
Condo Townhouse
Number of properties sold: 9
Average sale price: $190,333
Median sale price: $180,000
Average % of listing price a property sold for: 96% of asking price
Attached/Row/Townhouse
Number of properties sold: 12
Average sale price: $260,700
Median sale price: $277,500
Average % of listing price a property sold for: 96% 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 ?.