Detached Homes Statistics
- Sales: Increased to 42 units in April 2024 from 38 units in April 2023.
- New Listings: Rose significantly to 108, up from 61 last April.
- Active Listings: Climbed to 192 from 131 in the previous year.
- Prices: The benchmark price now stands at $1,062,400, with an average sale price of $1,130,344.
Townhomes Statistics
- Sales: Grew from 10 in April 2023 to 14 in April 2024.
- New Listings: Increased to 21 from 14 in the same period last year.
- Active Listings: Saw a slight increase to 32.
- Prices: The benchmark price for townhomes is now $684,500, with the median price slightly higher at $699,900.
Apartments Statistics
- Sales: Expanded from 6 in April 2023 to 8 in April 2024.
- New Listings: Also saw an increase to 24 from 18 last April.
- Active Listings: A slight decrease to 37 from 39.
- Prices: Benchmark price now stands at $454,200, with the average price around $395,663.
These statistics highlight an overall positive trajectory for the real estate market in Mission. The increase in both sales and listings across all property types suggests a healthy market with active participation from both buyers and sellers. Particularly, the growth in detached home prices reflects the high demand for family-oriented residences in the area.
For potential buyers and investors, Mission’s diverse real estate offerings and its growing market conditions present compelling opportunities. For sellers, the increasing property values promise a favorable return on investment. As we continue through 2024, keeping an eye on these trends will be crucial for anyone involved in the Mission real estate market.
If you have any questions about real estate in Mission or would like a complimentary home evaluation, give me a call at 604-302-0177 or email me at [email protected] – let’s talk!