Fewer listings and sustained demand combined to create a brisk start to the real estate market in Port Credit for 2017.
On average, during the first quarter of 2017, homes in Mississauga’s jewel on the lake where selling in 14 days and for 105% of list price. Thats 42% faster than the 24 days it took on average one year ago, and over 7% more than the already impressive 98% sale/list price ratio experienced during the same time in 2016.
The Toront Real Estate board reported the sale of 31 properties made up of 5 detached, 2 semi-detached, 13 townhouse and 11 condo apartments. Although that figure is down from the 37 sales in the previous quarter of 2016, it kept pace almost exactly with the 32 sales reported for the same time period in 2016.
The full breakdown of activity is available here in my Port Credit Market Update for Q1 2017.