Spring is in the air and all the plants and trees are coming to life! It's a wonderful time of year for house shopping and let's hope the warmer weather continues to bring more buyers, and hopefully sellers out to ease some of the pent-up demand.
However, homes took longer to sell this April year over year as well as during the previous quarter. The time to sell took roughly twice as long at 42 days compared to under 3 weeks. Will see if this trend continues.
The average price of a detached 2 storey home sold for $2290063 up slightly (almost 2.5%) from last month but still considerably down from 2022's peak of $2.7 million.
Detached bungalows sold for $1477450, Detached split levels $1424571, Semi-detached $1466667, Links $1062000, Condo Apartments $779656, Condo THs $1244500 and Stacked (Condo) THs $711333.
At the moment there are 104 rental properties for lease. 56 rented in April ranging in price from $1550 for an above-grade bachelor in a detached home in West Oakville and $10000/mth for a 5200SF executive home in Southeast with a pool and finished basement. Rents are still expensive.
