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 Square One neighbourhood of Mississauga.

In March, there were 32 Two Bedroom + Two bath Condos that sold. The average sale price for the Two bedroom + Two bath suites was $321,445. The sale prices ranged from $210,000 to $481,500. The lowest price suite that sold for $210,000 was from 4185 Shipp Drive. The Mississauga condo that sold for the highest price of $481,500 was from 4080 Living Arts Drive.

How fast are these suites selling for? The average days on market for these Two bedroom + Two bath condos in the month of March was 31 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 ranged from 700 – 1,199 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 70 Two bedroom + Two bath suites available for sale.

Looking back, we know that 32 condos sold in March, 29 sold in February and 22 sold in January. This gives an average monthly sold rate of 27.7 condos per month. If the demand keeps up, the existing inventory of condos should be leased within 2.5 months.

With 2.5 months of inventory in the market, we can continue to expect prices of Mississauga condos to keep going up at a steady pace. Though it is not common to see many multiple offers, condos will sell close to asking price as we are seeing happen with sellers receiving 98% of asking price on average for these 2 Bedroom + 2 Bath condos.

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The Relationship between Inventory and Prices of Mississauga Condos for Sale