Tuesday, May 3, 2011

April '2011

Sales volumes are down 18% from last year with 316 sales this April but they are consistent with March '2011 sales columes. There were 50% more sales above the $1,000,000 mark with 31 sales.

The average days on market was 29. You can multiple that by at least 3 for properties above the million mark.

The average price of a 2-storey home was $848,000. Oakville is very sought-after.

There were 68 rental sales ranging in price from $1,250 to $7,900/mth. 11 were for condo apartments, the highest apartment rented for $3,400/mth.

At the moment the cheapest detached 2-storey home available is offered at $385,000 and it is in College Park. The highest priced detached home is for a lakefront estate in Southeast Oakville offered at $22,000,000.

The cheapest bungalow available is offered at $375,000 in West Oakville, while the most expensive is offered at $5,100,000 in Southeast Oakville. The cheapest Freehold TH is offered at $277,000 and the most expensive is offered at $1,900,000 and is in Central Oakville, south of Lakeshore Road. And for condo apartments the cheapest one available is asking $169,000 in Falgarwood and the most expensive is asking $2,900,000 located in downtown Oakville.