Brampton Market Watch and Housing Statistics
 
 

 

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October Sales For The GTA:

 
Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. This represented 21% decrease compared to the 8,476 sales recorded in October 2009. Sales to date amounted to a 1% increase compared for the same period in 2009. 

The annual change in sales and average selling prices has been quite uniform across the GTA and by property type as the market has balanced out from record levels of sales in the second half of 2009 and the first few months of 2010, said Toronto Real Estate Board President Bill Johnson
 

 

Brampton Housing Statistics Compliments of the MyDaddyHomes Sales Team

Housing Statistics Summary: October 2010
Compliments of the MyDaddyHomes Sales Team

Nov 17th/2010: Brampton REALTORS® reported 540 sales through the Multiple Listing Service® (MLS®) in October, compared to 720 for the same period in October 2009 a 25.5% decrease in sales. 

For Homeowners: If you are a homeowner living in W23, the average price of all house types had an increase between 5-9% with the exception of condo townhouses which saw a slight decrease from 2009 prices. If you are located in W24, semi detached homes feared better than all other house types, an increase of 3.97% from 2009 levels.

For Buyers: If you are planning on buying a home in W23, you can expect to pay between 5-9% more than the 2009 W23 average prices. If buying in W24, the average price of all house types are much higher than W23, with the exception of condo apartments and condo townhouses.  

Average and Median Prices W23: West Of Hwy 410
 
Homes can sell for less or more than the average price
 
 Type Of Home
 
Median
Price
Average Price
Average Price 
Oct/2009
Average Price % Changed Year To Year
Oct. Active Listings
Oct. Sales
 % Of Sales to Listings
 
$371,100
$384,648
$360,746
6.25%
477
179
37.53
 
$314,500
$306,103
$288,741
5.6%
133
64
48.12
 
$202,250
$202,080
$189,056
6.44%
70
10
14.29
 
$217,750
$223,025
$224,874
(0.08%)
53
20
37.74
 
$282,000
$283.852
$258,563
8.94%
53
30
56.60
  • Average days for a Home to Sell:  23 Days                     
  • Percent of sale price to list Price:  98%    
 Average and Median Prices W24: East Of Hwy 410
 
Type Of Home
 
Median
Price
Average Price
Average Price
 Oct/2009
Average Price % Changed Year To Year
Oct. Active Listings
Oct. Sales
 % Of Sales to Listings
 
$371,000
$433,314
$436,957
(0.84%)
349
121
34.67
 
$323,500
$321,290
$307,534
3.97%
76
48
63.20
 
$171,100
$177,268
$174,167
1.75%
37
27
72.97
 
$190.750
$197,711
$192,805
2.48%
40
18
45.00
 
$300,000
$288,974
$291,411
(0.84%)
34
19
55.88

  Brampton year to date Housing Market Indicators

2010 Comparing to 2009
 
Indicators
W23
2010
W24
2010
  
W23
2009
W24
2009
Listed 7186 5290   6346 4570
Sales 3889 2924   3820 2634
$ Volume $1,343,003,070 $1,051,262,088   $1,215,024,571 $883,661,121
Avg Price $345,334 $359,529   $318,069 $335,483
Time To Sell 23 24   32 34
% of List to Sales Price 98 98   98 97
 

Disclaimer: These statistics are for informational purposes only, please contact your Realtor for advice and current information about the Brampton Real Estate Market. Data taken from the Toronto Real Estate Board Market Watch.

 
Market Analysis For Brampton By House Type:
   

Condo Apartments:

  • W23 had an increase of 6.44% from 2009 levels.
  • W24  minimal increase of 1.75%
  • Sales for W23 condo apartments for October was dismal with only 14.0% of all listings selling
  • Sales for W24 condo feared much better but had a slower increase than W23.

Detached:

  • Average prices in W23 increase by 6.25% over 2009 prices and had much more active listings than W24
  • Average prices in W24 decreased by 0.84%

Semi-detached:

  • In both districts W23 and W24 semi-detached homes saw an increase of 4-6%
  • Sales were average with 1 in 3 homes selling
  • Semi-detached in both districts were very affordable and not a significant increase from 2009 levels.

Condo Townhomes:

  • W23 prices decrease 0.08% from 2009 levels.
  • W24  slight increase of 2.48% from 2009 prices

Freehold Townhomes:

  • W23 had a price increase of 8.94% from 2009 levels and over 1 in 2 homes sold.
  • W24  saw a decrease of 0.84% in price with less inventory and same as W23 1 in 2 homes selling 
Brampton Statistics: May Sales and Average Price:
 
June 01/2010 -- Brampton REALTORS® reported 808 sales through the Multiple Listing Service® (MLS®) in May. Detached and semi-detached homes in W23 and W24 saw an increase between 10-13% when compared to May 2009. Yes prices are going up.
 
With the changes in mortgage qualification that took affect in April, buyers made their purchases early thereby pushing prices up for detached and semi-detached homes.
 
Freehold town homes in W23 took a whooping 15% jump from 2009. The average price for newer Freehold townhomes is now $285,960. More than 62% of all townhomes that came on the market in May sold. This trend will most likely continue throughout the coming summer months. This is a good opportunity for sellers to get their homes on the market and move-up to something bigger.
 
Freehold town homes in W24 had a lower year-to-year price increase but had a higher average price than W23. Average price of $304.683. Sales for the month of May were only 43% of listings, homes did not sell as fast as in W23.
 
Condo townhomes in both W23 and W24 moved very slowly with 1 in 3 units being sold. Buyers concerned with the high maintenance fees of units and are looking for condo units with fees that are much more affordable.

Condo Apartments took a 11-15% jump from May 2009. Average price in W24 was much lower than W23, due to much more inventory and a larger price range for buyers to choose from.
 
Brampton Housing Statisctics Data:   W23-West of Hwy 410: 
 
May/2010
 
 
 Type Of Home
Average Price
Average Price May/2009
Average Price % Changed Year To Year
May
/2010 Active Listings
May
/2010 Sales
 % Of Sales to Listings
$397,958
$354,626
12.21%
719
283
39.3
$311,850
$280,099
12.78%
191
102
53.4
$221,293
$205,786
11.33%
26
15
57.6
$236,592
$218,088
8.48%
75
26
34.6
$285.960
$248,485
15.08%
62
39
62.9
  • Average days for a Home to Sell:  20 Days                     
  • Percent of sale price to list Price:  98%                        
  
 Brampton Housing Statistics Data: W24-East of Hwy 410:  
 
Type Of Home
Average Price
Average Price May/2009
Average Price % Changed Year To Year
May
/2010 Active Listings
May
/2010 Sales
 % Of Sales to Listings
$454,016
$399.347
13.68%
511
201
39.3
$322,334
$292,040
10.37%
125
64
51.2
$176,766
$152,843
15.65%
64
29
45.3
$205,944
$199,875
3.03%
70
25
35.7
$304,683
$278,031
9.58%
55
24
43.6
  • Average days for a home to Sell:  21 Days                         
  • Percent of sale price to list Price: 98%