Clarkson Real Estate
Updated for 2021
When home buyers look for affordable townhouses for sale in Mississauga, they are often drawn to the townhomes of Bromsgrove Rd, which are located in the southwest area of Mississauga known as Clarkson. These Mississauga townhomes have long been a popular choice for first time buyers, both singles and families. Today we are going to review the real estate selling prices for these townhomes on Bromsgrove Road. You can also check other pages on this site for photos of the townhouse complexes, and a list of neighbourhood amenities.
2020 was another great year for sales on Bromsgrove, out of the approximate 725 residential condominium units on the street, there were 38 condominium townhouses that changed hands in the twelve months from Jan 1, 2020 to December 31, 2020. The numbers supplied here are courtesy of the Toronto Real Estate Board (TREB).
Sale Prices – Looking Back at 2020:
|Day on Market||19||14|
Out of 38 Mississauga townhomes which were sold on Bromsgrove Road during 2020, the ‘average’ asking price was $582,476. Average asking prices are determined by adding up the MLS asking prices together, and then dividing by the total number of townhouses sold (in this case, 38). While average prices are useful, they can often be distorted by a single high or low sale. The ‘median’ price is a different measurement, where the midpoint of all the sales during 2020 is calculated. Median price can be used to track sales trends, as they are less likely to be distorted by extremely low or high sales.
Sales data for 2020 shows that it took only 19 days on average to sell a townhouse on Bromsgrove Road during during this timeframe – a low number which goes to illustrate how active the market has been.
Let’s take a look at the individual addresses:
2170 Bromsgrove Road
There were 9 sales at this multi-storey townhouse complex during 2020. Range in asking price was from $399,900 to $530,000.
2212 Bromsgrove Road
There was a single MLS sale at this newly constructed complex on Bromsgrove Road. Asking price was $699,000.
2315 Bromsgrove Road
During 2020 there were 8 sales at this popular complex. There was a wide range in asking price from $529,000 to $659,900.
2340 Bromsgrove Road
No sales during 2020!
2380 Bromsgrove Road
There were 6 sales here. Asking prices ranged from $575,000 to $679,800.
2395 Bromsgrove Road
This complex had 7 sales during 2020. Asking price ranged from $500,000 to $614,999.
2440 Bromsgrove Road
There were a grand total of 7 sales at this large townhouse complex during 2020. Asking prices ranged from a low of $599,000 to a high of $649,900.
2687 Bromsgrove Road
No sales during 2020!
2688 Bromsgrove Road
No sales during 2020!
Median Sales Price 2011 – 2020
We can compare the past year’s MLS selling prices for the townhomes on Bromsgrove Rd. to sales from 2011 – 2020:
Median Sales price 2020 = $597,850, an increase of 14% from 2019
Median Sales price 2019 = $522,500, an increase of 5% from 2018
Median Sales price 2018 = $496,500, a decrease of less than 1% from 2017
Median Sales price 2017 = $500,000, an increase of 25% from 2016
Median Sales price 2016 = $399,950, an increase of 16% from 2015
Median Sales price 2015 = $344,000, an increase of 17% from 2014
Median Sales price 2014 = $293,500, an increase of 4% from 2013
Median Sales price 2013 = $281,000, an increase of 11% from 2012
Median Sales price 2012 = $252,500, an increase of 4% from 2011
Median Sales price 2011 = $243,000
The 14% jump in prices during the 2020 Covid-19 pandemic shows the remarkable resilience of the real estate market in southern Ontario, and the Greater Toronto Area specifically. Not even a global pandemic was able to stop this market! Historic low interest rates have helped, of course, but I think it bears repeating that our local market is unbelievably robust. Over the past nine years, people who have purchased one of these popular Clarkson townhouses have more than doubled their money.
Average Days on the Market
Average days on the market 2020 = 19
Average days on the market 2019 = 18
Average days on the market 2018 = 27
Average days on the market 2017 = 12
Average days on the market 2016 = 17
Average days on the market 2015 = 25
Average days on the market 2014 = 22
Average days on the market 2013 = 23
Average days on the market 2012 = 25
Average days on the market 2011 = 22
The average days on the market (the time it took to sell) came in at 19, a very respectable figure for townhouses for sale in Mississauga, especially for a neighborhood built during the 1970s.
Looking Ahead – What’s in Store for 2021?
As 2021 begins a new year, how will prices change for these Mississauga townhouses?
We believe that, in spite of worldwide events such as the Covid-19 pandemic, relatively affordable townhouses such as those on Bromsgrove Rd. will continue to be very popular.
Interest rates are not expected to rise in 2021, especially in the wake of the Covid-19 situation.
We expect that once the Covid-19 pandemic is over, immigration into Canada and the Greater Toronto Area will resume, adding another factor to market strength. The current Liberal government has indicated that they will admit huge numbers of new Canadians, in excess of 400,000 people per year, once we are back to normal. As long as the local economy is able to recover from the admitted hits it has taken due to the coronavirus, we believe the market will continue its upwards path.
We hope you have enjoyed our 2020 summary of the townhouses for sale in Mississauga, located on Bromsgrove Rd – their sales activity and prices. These townhouses are a great housing option for families, singles, and for investors. Their great location near schools, shopping and the Clarkson GO station, combined with their affordability, have make them popular real estate in Mississauga. Get further insights from our Bromsgrove Road overview.
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tags: townhouses for sale in Mississauga, townhouse for sale in Mississauga Ontario