Meadowvale Village Mississauga Sold House Price in 3-rd quarter 2019 Real Estate Report
For information on SOLD PRICE
Meadowvale Village average house price in 3rd Quarter 2019 is $826,485. If you made renovations to your house, the market value can be higher. For more information please contact:
|Homes Average Price||$826,485||$830,443||0%|
|% of Sales Price to Listing Price||99||98||1.02%|
|Days on Market||18||21||-14.29%|
In comparison to the third quarter of the previous year, there have been some notable changes on the housing market in Meadowvale Village. This includes the continued increase in sales and average price of homes. In particular, house sales have demonstrated a 4% difference from 75 in 2018 to 78 in 2019, as well as a 0.48% decrease in price from $830,443 to $826,485 between 2018 and 2019. Furthermore, the percent increase in sales price to listing price was 98% in 2018, and was 99% this year.
In relation to house sales and prices, there has also been a noteworthy difference in both new and active listings in the 3-rd quarter between 2018 and 2019. In 2018, the number of new listings in Meadowvale Village was 149 whereas the number of active listings was 61. In 2019, there were now 130 new listings and 36 active listings. This corresponds to a 13% difference in new listings and 41% difference in active listings between 2018 and 2019.
The interplay of these factors then influenced the average number of days a house spent on the market, which decreased from 21 days in 2018 to 18 days in 2019. This difference therefore represents a 14.3% decrease in the 3-rd quarters of both these years.
Evidently, the real estate market is dynamic and there are more changes to be expected as we move into 2020. If you are looking to buy or sell this year, please contact me to gain a better understanding of your current position as well as your future options. I can help you make the right choices as you move forward with your decision.