Port Credit Mississauga Houses Price sold in 2-nd Quarter 2019 Report

Port Credit average house price in 2-nd Quarter 2018 is $692,763 but if you made renovation your house market value is higher. For more information please contact:

Port Credit Mississauga Houses Price sold in 2-nd Quarter 2019 Report

Port Credit 2019 2018 Difference
House sale 50 34 47.1%
Homes Average Price $1,048,370 $1,020,924 2.7%
New Listings 115 74 55.4%
Active Listings 59 46 22.0%
% of Sales Price to Listing Price 99 97 2.0%
Days on Market 25 23 8.0%

The Real Estate market in Port Credit neighbourhood of Mississauga continued to experience price appreciation with increase in sale volume during the second quarter of 2019. This Mississauga neighbourhood experienced sales increase with the sale of 50 homes. This is 47.1% increase over the same period in the prior year when 34 homes were sold.  These new factors drove the average house price to $1,048,370 – up by 2.7% compared to the 2-nd quarter of 2018 where the average sale price was $1,020,924.

There continued to be a shortage of homes for sale relative to the number of interested buyers. In the 2-nd quarter of this year, new listings in Port Credit have also shown changes when compared to those in 2018. The number of new listings has increased, with 115 new listings in 2019 compare to 74 in 2018. The number of active listings increased by 22% compared to the same period the prior year.  With this new numbers an average home was sold 8% slower and the average home being on the market for 25 days – compared to 23 days in the prior year’s quarter.  As a result of the shortage, buyers received offers with the average house selling for 2% of the list price compare to 97% a year ago.

If you are considering selling your home anytime soon, the combination of a high demand for the homes and a shortage of sellers, suggests that now would be a good time to sell.  I can provide you with a free market analysis of your home, answer any questions that you may have and help you sell your home quickly at a fair market price.  Please contact me to see how I can help you make the right move.

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