Northwest Sandalwood Parkway
Real Estate Trends

Housing Market Report for March 2019

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Northwest Sandalwood Parkway Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Northwest Sandalwood Parkway Housing Inventory

Northwest Sandalwood Parkway vs. brampton

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About this Report

See a current overview of the housing market with with Zolo's Northwest Sandalwood Parkway real estate market trends. Get real estate facts on average house price, housing inventory, and average days on market. This report's home price data analyzes sales history between January 25 - March 22 and includes percent changes from the same 56-day period in 2018. These real estate statistics are paired with rankings of all neighbourhoods in the Brampton area based on home sold price, price growth, days on market, and turnover. This way, you get to see the Northwest Sandalwood Parkway housing market on a broader scale, and how it measures against other neighbourhoods in the city. All this data is intended to give you a thorough understanding of both the local Northwest Sandalwood Parkway and the Brampton area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To see the difference between this neighbourhood and the city of Brampton, take a look at Brampton's trends page. In addition to our market analysis, consider referencing other MLS stats, like the MLS Home Price Index, to get a more rounded view of the market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."