How is the Oakville real estate market doing?

4.0
How is the Oakville real estate market doing?
about 1 month ago

Housing market watch for August 2019 in Oakville.

This is the million dollar question that I get asked almost on a daily basis. In August, there were 144 residential homes sold and compared to 174 in 2018 that is a decrease of 16.7%.

There were 89 Detached Homes sold, 19 Semi-Detached/Townhouses/Link Homes sold, 35 Condo Apartment/Townhouses were sold and 1 other.

The Average Sale Price was $1,157,335 and the Median Sale Price was $935,000. The Year to Date (YTD) Average Sale Price is up 2.3% over 2018 and the Median Sale Price is up YTD 3.2%.

The drivers of market sales in Oakville were Detached Homes in the $1,000,000 to $1,500,000 range, Townhouses between $700,000 to $800,000 and Condominiums between the $500,000 to $600,000 range.

The average Days on Market was 34 days. According to Re/max Aboutowne Realty Corp., Brokerage stats there is 88 days of inventory.

For more information about the market please contact Bill Keay at bmkeay@rogers.com or 647-984-2455 for a more detailed analysis in your neighbourhood.

Posted by Bill Keay, September 5th 2019.