Mississauga shows yearly growth in key areas
Sales activity was down in the region served by the Mississauga Real Estate Board this September, according to MLS® statistics released by the Board.
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Home sales valuing a total of $309,279,301 were recorded in Mississauga this September. That's down 13 per cent from the August total, but up nine per cent from the total in September 2006. Over the course of the month, 886 residential properties traded hands in the area served by the Board. Although a decrease of 17 per cent from August, this represents a one per cent increase over September 2006.
The average price of homes sold this September through the local MLS® system in Mississauga was $349,074, which is five per cent higher than the average recorded in August 2007 and seven per cent above that recorded in September 2006. 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
A total of 1,673 new residential listings were added to the local MLS® system in Mississauga this September, up 15 per cent from August. At the end of the month there were 2,452 active residential listings posted by Mississauga REALTORS® on the local MLS® system.
About the Mississauga Real Estate Board
Established in 1954, the Mississauga Real Estate Board represents more than 1500 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 athttp://www.mreb.ca/
Read more about Mississauga Price Trends
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A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
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