BRAMPTON HOME PRICES CONTINUE TO RISE

By: Carol Anne Schneider

BRAMPTON HOME PRICES CONTINUE TO RISE

Tags: BRAMPTON, HOME PRICES RISING, MILLION DOLLAR HOMES, WHAT'S YOUR HOME WORTH? YOU COULD BE CLOSER TO FINANCIAL FREEDOM THAN YOU THINK

It really wasn't that long ago that the Brampton real estate market had very few Million Dollar Home sales.
Today when I was clearing out some old office files I found a newspaper clipping I had saved that was titled "1st Brampton Home To Sell For Over 2 Million Dollars" that was big news back then.
Fast forward to today...
I kid you not when I tell you that I almost fell off my chair when I seen a sale posted on the MLS for an "Avondale" section bungalow (detached without a garage) that just sold this week for... are you Bramalea folks ready .....
 
ONE MILLION DOLLARS
 
So has the market gone mad?
Some may say yes, but as shocked as I was for a moment to see that reported sale price, it's the new trend as prices continue to rise.
When I compare the Brampton home prices to other neighbouring cities like Mississauga, Milton, Oakville, Georgetown etc. we still have a way to go before we catch up
 
So is this the NEW NORMAL?
 
Yes I think it is, clearly the average home prices are rising across the GTA and beyond, supply and demand is feeding the bidding war frenzy and everyone is fighting to get into the market....
 
NO WONDER
 
every single day home prices seem to jump by another 50- 100k or more January trends....
todays high price is just a new benchmark to set the list price for the house up the street... but even so on offer night the bids come in even higher....one by one new sale price records are being hit day after day

written by Carol-Anne Schneider, Real Estate Broker and Brampton Resident since 1968