????????????????????????????????????! Here are the real estate market stats you need to know for November 2022 vs. 2023 home sales in Toronto, Mississauga, Oakville, Burlington ????
It’s no secret that home sales in Toronto and the west GTA slowed down considerably in November. Sales volume was at the second lowest amount since 2008.
Year over year average prices show increase and decrease across the various home types in Toronto, Mississauga, Oakville, Burlington.
Of the areas in our report, Oakville had the greatest improvement in value over November 2022.
???????????? ???????????????????????? ???????????????????????? ???????????? ???????????? ???????????????? ???????????????????????????????????? ???????????? ???????????????????????? ???????? ???????????????????? ???????????? ????????????????????????. December and January are the best months to buy. Mortgage interest rates are anticipated to lower in 2024 – don’t wait on the sidelines. It is a very attractive time to buy a house at an excellent value! Let’s chat about the possibilities.
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◼️ Toronto month over month average freehold detached home values down $100,000. Freehold townhouse down $230,000 month over month AND down almost 10% year/year.
◼️ Mississauga average detached home price up year over year however down $165,000 month over month. Semi-detached home values up almost $100,000 month/month and up 7% year/year.
◼️ Good news for Oakville real estate. Average freehold detached home values up $100,000 month over month. All other home types flat to October and up over last year, with the exception of condo townhouses – down a whopping 17% over last year.
◼️ Burlington home values down across all home types month over month, except for condo apartments which were flat (and up over last year by almost 19%). Average freehold detached home value was down $100,000 month/month. Big drop in freehold townhouses down $180,000 month/month. Condo townhouses also down $95,000 month/month.
Be sure to view the full details of each area in our update. Click on each infographic image to view.
???????????????? ???????? ???????????????? ????????????????’???? ???????????????????????????????????? ???????? ???????????????? ????????????????????????????????????????????????????? Obtain a personalized market analysis by booking a complimentary Buyer or Seller consultation by completing the form below or give us a call anytime at 647-293-3785.
