If you were hoping to maximize your living space to make a potential future lockdown a little more manageable, you might have been unhappy to hear that detached home prices reached an all-time high in Mississauga last month.
Zoocasa, a real estate website, and brokerage says that although the total number of homes sold in Mississauga for August was up 22 percent from last year, reaching a total of 950, there was a clear divergence in growth between freehold versus condo properties.
According to Zoocasa, detached house sales were up 49 percent year-over-year and the average price reached an all-time high of $1,307,832–a 23 percent increase from last August.
In contrast, condo apartment sales were down 11 percent annually while new listings soared 77 percent. The increased supply combined with reduced demand pushed the Mississauga condo apartment market near the threshold between a balanced market and a buyers’ market.
Despite the decrease in sales, the average condo apartment price increased by 13 percent to $540,877 in August.
Although homes are still expensive, some more affordable properties are still hitting the market. Here’s a look at the most (and least) expensive homes that recently changed hands in Mississauga.
Least expensive:
611 – 2929 Aquitaine Ave.
42 – 119 Bristol Rd.
103 – 1300 Mississauga Valley Blvd.
339 – 4975 Southampton Dr.
195 – 2001 Bonnymede Dr.
Most expensive
1391 Chriseden Dr.
1545 Jalna Ave.
This luxurious Lorne Park homes sold for $4,000,000 after being listed for $4,200,000. This home boasts up to 5,000 square feet of space, as well as four bedrooms, five bathrooms, eight parking spaces, skylights, a two-way gas fireplace, a gourmet kitchen, a theatre room, a gym, a climate-controlled wine cellar and more.
1568 Douglas Dr.
This Mineola home sold for $3,875,000 after being listed for $3,999,950. The home, which boasts up to 5,000 square feet of space, features four bedrooms, six bathrooms, 10 parking spaces, a private ravine lot, a pool, a glass-encased study, a great room with 20′ ceilings and more.
62 Onaway Rd.
1845 Ivygate Crct.
What do you think of these photos, did you find how would your home look like?
Mentioning the word ‘Home’ evokes a sense of comfort and modesty. For most of us, it’s not the size that matters as much as the soothe and security, we feel within this place called home. Our tip is, when it comes to buying a house, the conventional wisdom is that you should buy the most expensive house you can afford. The thinking is that you buy a house that will provide you with extra growing room, and that your income and financial resources will grow into the house as time goes on. Plus, keeping your children safe and in a good school district near the location, can be considered a great investment too.
Photo courtesy: https://www.insauga.com/photos-a-look-at-the-most-and-least-expensive-homes-that-just-changed-hands-in-mississauga
