Sunday, March 18, 2007

Mississauga Sales are steady for February


Sales hold steady in February

According to statistics released by the Mississauga Real Estate Board, MLS® home sales in the region served by the Board held steady this February compared to the same month last year. Activity also posted strong double-digit gains compared to the previous month.

A total of 836 homes were sold in the area served by the Board in February 2007 – 25 per cent more than in January and two per cent less than in February 2006. The value of all homes sold in February was $272,300,872.

The average price of a home sold in the region served by the Mississauga Real Estate Board this February was $325,719. This is three per cent less than the average price of $335,252 posted in January, and four per cent more than the $314,470 posted last February. The Board cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available in the area.

There were 1,477 residential properties added to the local MLS® system in Mississauga this February – four per cent less than were added at the end of February 2006. There were also 2,360 active MLS® listings posted by Mississauga REALTORS® at the end of the month.

About the Mississauga Real Estate Board
Established in 1954, the Mississauga Real Estate Board represents approximately 1,500 real estate Brokers and salespersons from Mississauga and surrounding areas. Members of the Board may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict Code of Ethics. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.mreb.ca .

I've included the Disclaimer from the original article, just in case someone wishes to take me to task on the information presented above. Thank you, Mark
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The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Mississauga Real Estate Board. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Mississauga Real Estate Board assumes any responsibility or liability. Copyright© 2006 The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.
Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

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