Mississauga Condo Real Estate UpdateWritten by Eric Skicki Monday, March 13th, 2017
Condo Market Up 10% in 90 days?
This may seem almost unbelievable, but it’s true. Some condos in the Square One area have sold for up to 10% more than they did just last November.
Pretty much every well advertised condo in today’s market should be going into multiple offers. As a buyer you can expect to pay up to 10% more than comparable sales last year. It’s not uncommon to see firm offers on condos, without even a condo status certificate condition!
To give you an idea of how hot the condo market is; last month, we got a listing and within 24 hours we had 43 showings and seven offers. The unit ended up selling over $60,000 more than the same unit last fall.
Only Few Options Left For Pre-construction Condos
If you are a buyer looking to get into the pre-construction market there are not many options. As of February 6th, Pinnacle Grand Park 2 is sold out of regular units, Pinnacle Amber and Block Nine condos are 95% sold out of regular units and Grand Mirage is about 75% sold out.
For a one bedroom condo you can expect to pay from the low $300’s and two bedroom units start at around $450’s.
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