Stock photo licensed from iStockphoto.com

Brampton and Bramalea Price Statistics for 2018

Posted January 6th, 2019 under market updates, smart buying, smart selling. Updated January 16th, 2019

This chart summarizes the average 2018 selling prices for homes in the Bramalea area (south of Bovaird, between Highway 410 and Torbram), as well as for the whole of Brampton. Compared to 2017, average prices rose by as much as 8.5% or fell by as much as -1.0%. Once again, the price of apartments rose more than freeholds. This is likely a consequence of overall prices being higher than real value and outside of affordability, which in turn is driving the lower end of the market.

Bramalea Area Only

type lowest highest average vs. 2017
Apartment one bedroom $255,000 $353,000 $301,600 +8.5%
two bedrooms $275,000 $430,000 $344,700 +4.5%
three bedrooms $290,000 $450,000 $368,000 +6.4%
Townhouse no garage $345,000 $465,000 $402,500 +2.1%
with garage $355,500 $497,500 $437,000 +2.0%
luxury $450,000 $538,000 $482,900 +0.6%
Semi-Detached no garage $459,000 $655,000 $569,000 -0.5%
with garage $515,000 $700,000 $604,000 +3.3%
Detached zero lot line $415,000 $607,500 $497,500 +3.1%
no garage $540,000 $1,191,000 $640,800 +1.4%
with garage $492,000 $1,680,000 $702,900 -0.8%

All of Brampton

average vs. 2017
Apartment $365,400 +5.3%
Townhouse $472,000 +1.4%
Semi-Detached $635,300 -0.5%
Detached $815,200 -1.0%

The average prices for Brampton as a whole are higher than those for Bramalea alone, because most of the homes outside of Bramalea are newer and, in general, larger.

Want to know more about current market trends? Just ask me, I'll be happy to help.

--Peter

Get monthly real estate advice in your inbox, free! privacy policy