How is the real estate market? To truly appreciate what is happening in a neighbourhood, you need to look at statistics specific to that neighbourhood. That is why we generated this report for the Hurontario neighbourhood of Mississauga.

In March 2016, there were 18 Two Bedroom + Two bath Condos that sold. The average sale price for the Two bedroom + Two bath suites was $336.139. The sale prices ranged from $190,000 to $459,000. The lowest price suite that sold for $190,000 was a stacked condo apartment from 65 Trailwood Drive. The Mississauga condo that sold for the highest price of $459,000 was a condo apartment from 45 Kingsbridge Garden Circle.

How fast are these suites selling for? The average days on market for these Two bedroom + Two bath condos in the month of March 2016 was 20 days. In the month of March, the average sold price per listing price was 98%.

How large can you expect these condos for sale in Mississauga to be? The square footage of suites sold in March ranged from 900 – 1,599 square feet.

What does the future entail for those in search of Mississauga Condos for sale? Though nothing can be assured with absolute certainty, it is always a good rule to calculate months of inventory when predicting future trends. As of April 26th while we are carrying out these calculations, there are 40 Two bedroom + Two bath suites available for sale.

Looking back, we know that 18 condos sold in March, 23 sold in February and 11 sold in January. This gives an average monthly sold rate of 17.3 condos per month. If the demand keeps up, the existing inventory of condos should be leased within slightly over one month.

With just over 1 months of inventory in the market, we can continue to expect prices of Mississauga condos to keep going up at a steady pace. It is still common to see multiple offers as 5 of the 18 condos sold in March were at either full or above asking price.

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The Relationship between Inventory and Prices of Mississauga Condos for Sale