The difficult and quiet times continue. There were 122 Oakville sales this November compared to 308 sales in November 2007. That represents more than a 60% sales volume decrease. 82 of these Nov '08 sales were for homes priced below $500,000. First time buyers are picking up some very good deals.
The average sales price for November was $552,500 down approximately 11 % from Octobers year to date selling average of $625,000.
There were 55 rental sales during the month and there are over 200 available rental homes and apartments as at November month end.
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