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Don’t Burst the Bubble – Real Estate is ‘Selling Like Hotcakes’

February 10, 2010

Oakville & Mississauga Real Estate is ‘selling like hotcakes’.

Get 'em while they're hot!

I’m not trying to sensationalize it, but the numbers don’t lie. Take a look:

Since Feb 1st, 2010 –  64 freehold homes (detached houses, semi-detached homes and townhomes) have sold in Oakville.  Out of these 64 homes sold, 34% (22) of them have sold at or over their asking price!  This doesn’t include the majority that sold within 1% of asking price.

In Mississauga things are even hotter. Since February 1st – 86 freehold homes (detached homes, semi-detached homes, townhomes) have sold in Mississauga with 50% (43) of the properties selling at or over asking price!

There is no question we are in a very active Seller’s market right now in Oakville, Mississauga and the GTA. The reason for all of this is still that their are more buyers than sellers.  We are still seeing bidding wars and multiple offers on properties, driving home values up.

What does this all mean? Well, if you want to sell your home or condo – list it now!

Call or email me to discuss your personal situation and I’d be happy to discuss the best real estate strategy for you in this crazy real estate market.

Ryan Chelak is a real estate broker in Oakville & Mississauga and longtime Oakville resident. Subscribe to my blog to keep up to date on local news, information, events and of course everything you want to know about Oakville & Mississauga real estate.

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