Monday, August 2, 2010

Oakville Sales Activity July 2010

The market continues to be very slow and showing activity is soft. Much more so than we normally see.

We had 190 sales this July compared to 364 a year ago and 270 this June The average price for a detached 2-storey home still remains high for metro Tronto at $712,000. The average days on market all types of housing was 38 and continues to inch upwards.

There were 74 rental sales. 13 were condo apts and 4 detached homes went above $5,000/mth. One was a Southeast lakefront bungalow.

Bank prime is 2.75% w/5 year money hovering 4% and 5 year variable available at 2.15%.