December 2012

The year ended on a satisfactory note although sales volumes were down significantly, 50% compared to December 2011 numbers. 101 sales versus 151 sales in December 2011.

The number of ultra high end property sales continued to impress. The last quarter of 2012 saw 23 properties sell above $1,500,000 compared to 16 for the corresponding period a  year earlier. December 2012 had 10 sales above $1,000,000 with 3 of those above $1,500,000.

The average price for a detached 2-storey home in December was $784,000, that's still above three quarters of a million dollars making Oakville one of the GTA's most expensive areas to live.

The average time to sell (all types of housing) took a reasonable 37 days.

There were 38 properties rented during the month and 9 of those were for condo apartments. They ranged in price from $1,300 to $5,400/mth.

Financing as you hear and read in the news is remaining very attractive which should help kick start this year's sales!