Real Estate Market, know the numbers

Thursday, May 16, 2019 Written by Emmanuelle in News

Let us have a look to our current market: today I have chosen to talk about the GTA, Oakville and Mississauga.
According to TREB , May 6th 2019, the year-over-year rate of price growth generally edged up in April relative to the first three months of the year. The MLS® HPI Composite benchmark was up by 3.2 per cent – the highest rate of growth in more than a year.
 

A few facts regarding the numbers in our current market:
In April for All GTA compared to April 2018, the number of residential monthly sold listings went up:

  • 9046 sales in April 2019, 7744 sales in April 2018

During the same period (GTA), number of listings went down:

  • 18,037 in April 2019, 18,206 in April 2018.

The average selling price in the GTA went up from 779,400$ to 791,857$.
 

In April for Oakville compared to April 2018, the number of residential monthly sold listings went up:

  • 343 sales in April 2019, 284 sales in April 2018

During the same period (GTA), number of listings went down:

  • 945 in April 2019, 1,007 in April 2018.

The average selling price in the GTA went slightly down from 1,028,471$.to 1,015,500$.

Why? If you have a look at the statistics hereunder, you will see that for the higher end of the inventory, that the properties with a list price over 2 million have an inventory of 14 months (this is a Buyer’s Market). At the other end, under 1 million we are still in a Sellers’ Market. Oakville stays very attractive.

In Mississauga, the trends are similar:

In April for Mississauga compared to April 2018, the number of residential monthly sold listings went up:

  • 919 sales in April 2019,791 sales in April 2018

During the same period (GTA), number of listings went down:

  • 1428 in April 2019, 1,511 in April 2018.

The average selling price in the GTA went up from 692,205$.to 739,046$.

For more information you can check charts hereunder.


In conclusion, price growth continued to be driven by the condominium apartment segment and higher-density low-rise segments. The detached market segment, with the highest price point on average, has arguably been hardest hit by measures such as the OSFI (Office of the Superintendent of Financial Institutions) stress test.

 

April 2019* Oakville Residential Sales Statistics - Condominium Apartments  

Condo Apartments Price Range Active Listings Sold Listings Sold Price To List Price (%) % Of Actives That Sold Average Days On Market Until Sold # Months Of Inventory Available
  • $1 to $400,000
  • 19
  • 16
  • 98% of list
  • 45.71%
  • 24
  • 1.4
  • $400,001 to $500,000
  • 22
  • 17
  • 98% of list
  • 43.59%
  • 28
  • 1.8
  • $500,001 to $600,000
  • 20
  • 8
  • 100% of list
  • 28.57%
  • 27
  • 3.9
  • $600,001 to $800,000
  • 21
  • 4
  • 99% of list
  • 16.00%
  • 11
  • 3.5
  • $800,001 to $1,000,000
  • 12
  • 7
  • 98% of list
  • 36.84%
  • 35
  • 3.4
  • $1,000,001 and above
  • 24
  • 2
  • 92% of list
  • 7.69%
  • 111
  • 8.7
  • Total =
  • 118
  • 54
  • 98.15% of list
  • 31.40%
  • 25
  • 4.0

  April 2019* Oakville Residential Sales Statistics - Freehold Properties  

Freehold Properties Price Range Active Listings Sold Listings Sold Price To List Price (%) % Of Actives That Sold Average Days On Market Until Sold # Months Of Inventory Available
$1 to $800,000 59 58 99% of list 49.57% 19 1.3
$800,001 to $900,000 71 51 99% of list 41.80% 18 2.4
$900,001 to $1,100,000 104 35 97% of list 25.18% 20 3.1
$1,100,001 to $1,500,000 237 78 98% of list 24.76% 27 4.6
$1,500,001 to $2,000,000 149 29 95% of list 16.29% 28 8.9
$2,000,001 and above 210 15 96% of list 6.67% 44 14.0
Total = 830 266 97.84% of list 24.27% 24 7.1

    April 2019* Mississauga Residential Sales Statistics - Condominium Townhouses

Condo Townhouse Price Range Active Listings Sold Listings Sold Price To List Price (%) % Of Actives That Sold Average Days On Market Until Sold # Months Of Inventory Available
$1 to $500,000 26 26 100% of list 50.00% 12 0.8
$500,001 to $600,000 69 52 100% of list 42.98% 15 1.6
$600,001 to $700,000 78 40 100% of list 33.90% 15 2.8
$700,001 to $800,000 18 12 101% of list 40.00% 10 3.5
$800,001 to $1,000,000 10 8 99% of list 44.44% 15 2.6
$1,000,001 and above 6 2 96% of list 25.00% 36 5.1
Total = 207 140 99.97% of list 40.35% 14 3.4

  April 2019 * Mississauga Residential Sales Statistics - Freehold Properties  

Freehold Properties Price Range Active Listings Sold Listings Sold Price To List Price (%) % Of Actives That Sold Average Days On Market Until Sold # Months Of Inventory Available
$1 to $700,000 61 56 100% of list 47.86% 13 0.9
$700,001 to $800,000 93 108 100% of list 53.73% 14 1.1
$800,001 to $900,000 96 89 99% of list 48.11% 14 1.6
$900,001 to $1,000,000 115 57 99% of list 33.14% 14 2.9
$1,000,001 to $1,500,000 277 119 98% of list 30.05% 23 4.2
$1,500,001 and above 254 30 96% of list 10.56% 36 10.8
Total = 896 459 98.90% of list 33.87% 18 5.1

  

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