Wednesday, September 5, 2012

August 2012

August has turned out to be a good month. The average price of a 2 storey home was the highest ever at $942,000. In fact it would have been just above a million dollars were you to include a central Oakville lakefront sale which sold for approximately $8,000,000.

There were 233 sales and it took on average a relatively quick 33 days to sell.

32 homes sold above $1,000,000.

The rental market is also very active with 118 properties rented 23 of which were for condo apartments.

The fall market is upon us and is usually very active. Alot of homeowners like to put their homes on the market at this time to take advantage of  Oakville's abundance of trees and natually stunning fall foliage.

Financing remains very attractive with no increase in the prime lending rate.