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Covid-19 Real Estate Review

Mississauga

Average Prices 2019 to Now

When the lock down first took place in March, prices had dropped from averages in January and February. The rate at which prices are dropping has slowed down significantly, and are starting to rise once again. The important thing to look at is prices over a 1 year period, and if we compare prices over 1 year prices have actually increased.

Click Here to see what has recently sold. Keep scrolling to review statistics.

Average Prices Oct ’19 – May ’20

Average Prices – Oct ’18 – May ’19

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Decrease in Value from January

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Decrease in Value from March

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Decrease in Value from April

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Increase from May 2019 to May 2020

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Number of Sales – 2019 to Now

When the lockdown first hit, we saw sales drop by nearly 70% compared to previous months and year.

However, even though we have a drop in sales from March 2020, in May we saw an increase in sales from April 2020

Click Here to see what has recently sold. Keep scrolling to review statistics.

Number of Sales – Oct ’19 to May ’20

Number of Sales – Oct ’18 to May ’19

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Decrease In Sales Over 60 Days

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Increase In Sales Over 30 Days

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Decrease In Sales Over 1 Year

Avg. Days on Market – 2019 to Now

It is only taking an extra 5 extra days on average to sell properties since Covid-19 impacted our economy.

Click Here to see what has recently sold. Keep scrolling to review statistics.

Avg. Days on Market – Oct ’19 to May ’20

Avg. Days on Market – Oct ’18 to May ’19

Average days to Sell In April 2020

Average days to Sell In May 2020

Average days to Sell In May 2019

List to Sell Ratio – 2019 to Now

List to sale ratio represents how much of the list price the property actually sells for. In a down market, you will see the percentage be far off 100%.

Properties are selling for 99% of the ask price right now, which indicates a neutral market. 

Click Here to see what has recently sold. Keep scrolling to review statistics.

List to Sell Ratio – Oct ’19 to May ’20

List to Sell Ratio – Oct ’18 to May ’19

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On average properties sold 3.2% higher than their ask price in March

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Properties in April sold 1% lower than their ask price. So sellers are still getting close to what they are asking.