There are 35% more homes/THs and apts on the mkt than there were at this time last year.
858 compared to 636.
Of those 70% are listed at a million dollars or more. Here is the breakdown;
$4000000+ 35
$3-$4mm 40
$2-$3mm 134
$1-$@mm 387
198 properties sold for $1,000,000 or more during this quarter.
The average price of a detached 2-storey homes was $1387600 down 8.5% from last years $1505000 average. Don't be alarmed by that as the mix of price points varies from year to year.
The average price of a detached bungalow was $955,700 up 5% from an average of $912000 last year. Sidesplits fared a little better with an average sale price of $1074000.
The rental market has 253 properties available for lease ranging from a modern 2-storey in Southeast Oakville which is asking $14000/mth to $1600 for an upstairs apt in a low rise building in Bronte.
Many Seller's are experiencing low activity from potential buyer's for open house activity and showings and this is testing their patience.
