Saturday, February 6, 2016

January 2016

Sales volumes were down 21% from a year ago with just 1245 sales in January and if you look at the 10 year average the volumes were down 30%,   The average sale price on a brighter note, was up 13% to $941,000 for all types of housing, including condominiums,

2015 had 8% more sales than 2014 with 3092 sales compared to 2866 sales.  And 2007 had the most annual sales with 3613 properties sold.  However, were you to consider the expansion in the Oakville market over the period and factor in all the new construction unit sales have certainly declined.

This is very good for seller's and of course difficult for buyer's, especially first timers!

Anyone planning to sell this year should fare pretty well while buyer's can take advantage of the extremely low financing rates.