Sunday, December 1, 2013

November 2013

Sales volumes were off almost 30% with 157 sales of homes and condo's during the month.  Last November there were 203 sales.

Prices remain strong, and the average price for a detached 2 storey home in Oakville has finally edge above the million dollar mark with an average sale price of $1,044,000.  A record high!

There were more high end sales with 23 sales above one million dollars compared to 18 in November 2012.  That's quite something considering the lower number of sales.

The time to sell took a relatively quick 36 days and the rental market remained active with 54 sales during the month.  10 of those were for condo apartments.

Financing remains very attractive with 5 year fixed loans available at 3.49% & 5 year variable at 2.55%.