April was a very active month and an excellent time to sell for Sellers. Buyers in many cases had to compete for the listing. 209 properties changed hands up from 198 a year ago. So prices are creeping back up and properties on average moved in a brisk 19 days.
The average selling price for a detached 2-storey was $2322553 up slightly from March 2023's $2.3mm and down slightly from a year ago when the average was $2419700.
Bungalows sales averaged $1658333 down about 3% from a year ago. So still not bad.
Condo apartments and townhomes sold on average for $731000 and $824138.
Freehold townhomes averaged $1413250. A couple of those townhome sales were for new construction units on the old hospital site in Olde Oakville which traded above $3mm. Without those the average sale price would have been closer to $1.3mm.
Semi detached homes sold for $1181000.
The rental market was active with 73 leases ranging in price from $2050-$8400/mth. Like many property sales a number of leases got over their asking prices.
Expect this trend to continue.