Erindale
Real Estate Trends

Housing Market Report for November 2017

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Erindale 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

Erindale Housing Inventory

Erindale vs. mississauga

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About this Report

Zolo's real estate market trends gives you a real-time look at the Erindale housing market. If you're wondering about your neighbourhood's average house price, housing inventory, or how long a home stays on the market for, all this has now been broken down for you. This report's home price data examines sales history between September 19 - November 14 and includes percent changes from the same 56-day period last year. Along with all these real estate statistics is a ranking of every neighbourhood in the Mississauga area based on their home sold price, price growth, days on market, and turnover. This way, not only do you get a comprehensive glimpse of the Erindale housing market, but you also get to see how it compares to other neighbourhoods. All this information is intended to give you a thorough understanding of both the local Erindale and the Mississauga area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To compare this neighbourhood to the city of Mississauga, take a look at Mississauga's trends page. Enhance your real estate research by using Zolo's market report with other MLS stats, such as the MLS Home Price Index.

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."