October 2017 Home Sales Report Brampton
The city of Brampton witnessed total sales of 650 homes in the month of October 2017. Out of this, a total of 351 detached homes were sold while 139 semi-detached homes were sold.
34 condominium townhouses and 38 Condominium Apartments exchanged hands.
The average price for a home in Brampton for October 2017 was $669,389. For detached home, the average selling price is $775,170 while for Semidetached, the selling price is $599,832.
Out of available 1,429 homes which came out as new listings, only 650 homes were sold which clearly shows the trends of buyer’s market.
- Detached home sold – 351
- Semi-detached homes sold – 139
- Condominium Townhouse – 34
- Condominium Apartment – 38
- Link – 8
- Att/Row/Townhouse – 77
Year to Date 2017 Sales Report Brampton
This year, till date 7,537 homes were sold in Brampton alone out of listed 15,966 which means roughly half of the homes were unsold. Most the glut happened after March 2017, when new rules were introduced to curb the surge in real estate pricing.
- Detached home sold – 3,978
- Semi-detached homes sold – 1,513
- Condominium Townhouse – 521
- Condominium Apartment – 472
- Link – 47
- Att/Row/Townhouse – 992
A lot of new homes for sale in Brampton are coming this year and early next year. The introduction of Stress test for a mortgage will also be interesting to see. A lot of first time home buyers are waiting for prices to come down further but are also cautious of an instant surge if it happens.
Find out the latest homes for Sale Brampton and let me know if you would like to schedule a private showing.