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Luxury Homes in Mississauga
First Quarter 2011
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As one of the most prosperous communities in Canada, Mississauga is home to a large variety of luxury homes to suit the most discerning tastes. In 2010, there were 246 homes sold in Mississauga for One Million dollars or more, which is slightly more than 2.3% of all home sales in Mississauga. Of the 246 homes sold for over 1 million dollars in Mississauga, 239 were freehold and 5 were condominium. Of the 5 condominium properties sold in Mississauga for over One Million dollars, four were luxury townhomes located in Port Credit. |
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Of the 246 Homes Sold for over 1 Million Dolllars in 2010, 81% of them are located south of Dundas St, in the South part of Mississauga. The Neighbourhoods with the most luxury sales in Mississauga were: Lorne Park, Mineola, and Port Credit. North of Dundas St, most of the Luxury homes are locarted within close proximity of the Credit River. |
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| W12- Port Credit, Mineola, Lakeview |
W13- Lorne Park, Clarkson |
| W20- Streetsville, Credit Mills, Erin Mills |
W16- Erin Mills, Sawmill Valley, Mississauga Rd |
| W19- Streetsville, Meadowvale Village |
W14- Applewood, Dixie |
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Price
Over the past year, the average sale price for a luxury home in Mississauga was $1,441,161. As of January 2011 the average sale price of a Million + home has trended downward indicating a good time to buy a luxury home in Mississauga. |
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Listing Performance
Two statistics closely related in real estate are Days on Market and Sold to List ratio. By the end of January 2011, the average Days on Market rose to 61 days on market, which is slightly higher than the past 12 month average of 42 days, however January is traditionally slower for the real estate market. Average sold to list ratio for million dollar homes in Mississauga remained fairly consistent at 94.5%, reflecting the reality that homes in the higher price range tend to be more overpriced than lower price points of the market.
Contact Jeff O'Leary For Custom Real Estate Report Tailored to your needs.
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| Concentration of Sales Over 1 Million Dollars in Mississauga- 2010 |
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Mississauga | house | real estate | Luxury |
Million | Agent | for sale| Lorne Park | Port Credit | Mineola | Streetsville
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*MLS® Statistics and information provided by IMS Incorporated. All information displayed is beleived to be accurate but is not guarenteed and should be independantly verified.
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