Prices are holding with the average 2-storey home in Oakville selling for $786,500. Sales volumes were down 30% with 124 sales this month compared to 162 last year. But not bad when compared to Dec 08 & 07 when we had 79 & 137 sales respectively.
11 homes sold above 0ne million with the most expensive, a beautiful lakefront mansion in Southwest Oakville going for just under $4.2 million.
In addition, to the 124 sales there were 42 homes & condo's rented. Ten of which were condo apartments.
Average days on market did increased to 50 from this November's 40. Still not too bad.
Financing is still very attractive with 5 year mortgage money available at 3.74% and variable rates at 2.30%.
It should be interesting to see how the market fares over this next quarter.
