There were almost 100 more sales this July than in 2010 with 289 sales. This is more in line with sales volumes for the July 2008 + 2009. Most of that (180 sales) were for homes & apts which sold for less than $600,000.
The average price of a detached 2 storey home was $796,000. Last July that average was $712,000.
The average time on the market was 29 days for all types of housing. Properties selling above one million took an average of 67 days to sell.
You can still get a detached 3BR single car garage home in the range of $450,000 to $600,000, mostly in Northwest Oakville. And you can get some older 4BR double car garage detached home plans starting in the low 5's in the Falgarwood area, but pickings are slim.
The rental market remained active with 89 sales 19 of which were for condo apartments.
Mortgage money is still very attractive with 5 year money available as low as 3.69% & variable is available at 2.25%.
