Good news for Mississauga Home owners who are planning on selling their home:
February shows solid results
TORONTO, Feb. 20 /CNW/ - Toronto Real Estate Board Members reported 3,240
sales during the first half of February, within two per cent of last
February’s pace, TREB President Dorothy Mason reported today.
“This is very solid performance in line with some of the strongest
results we’ve had, especially given the record January we just experienced,”
Mrs. Mason said. “Consumers are showing that the colder months are a great
time to get in to the market or make a switch to a different home.”
Mrs. Mason noted that the overall health of the market is very good.
“Activity is accelerating nicely as we move towards spring,” Mrs. Mason
said. The first half of February saw nearly 80 per cent more transactions than
the first half of January, and that bodes well for the next few months.”
The average price of a resale home climbed in the first half of February,
registering at $358,533, up three per cent from the $348,804 recorded during
the same timeframe last year. Meanwhile, days on market rose to 35 from 34 in
February 2006, and the average list-to-sale price ratio remained stable at
98%.
Toronto’s Riverdale neighbourhood (E03) saw overall transactions increase
by 38 per cent compared to mid-February of last year, fueled by strong sales
of townhomes.
Detached homes were the most popular housing type in Mississauga’s
Cooksvile / Port Credit neighbourhood (W12) as overall sales to mid-month beat
last year’s pace by 25 per cent.
Brisk sales of condominiums pushed Willowdale (C07) to an overall sales
increase of 26 per cent compared to mid-February of 2006.
North of Toronto, Richmond Hill South (N03) saw 25 per cent more
transactions to mid-February than were recorded in the same timeframe last
year.Toronto REALTORS(R) are passionate about their work. They adhere to a
strict code of ethics and share a state-of-the-art Multiple Listing Service.
Serving over 24,000 Members in the Greater Toronto Area, the Toronto Real
Estate Board is Canada’s largest real estate board. Greater Toronto Area open
house listings are now available on www.TorontoRealEstateBoard.com.
Want some advice on selling you Mississauga home? Contact Lea Jensen at 905-891-8089 or email lea@leajensen.com
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