Hello again!
Sales prices were down slightly from a year ago. In August 2024 the average detached 2-storey selling price was $2,176,711. This August it was $2,116,700 a drop of almost 3%. In August 2023 the average price was $2,037,500. So holding nicely above the two million mark.
The market was relatively active with 199 sales (all types of homes) a few of which went for over asking. You probably wouldn't expect that.
Of the 1,274 homes and condo's for sale 2/3's are asking over a million dollars.
The lease market was busy with 493 properties rented during the month, the highest going for just over $10,000 plus utilities for a detached home in Southeast Oakville. At the moment there are 613 available properties to lease.
Other types of properties averaged as follows;
Bungalows $1,430,614 / Split level $1,630,500 / Freehold THs $1,114,053 / Condo THs $1,018,000
Condo apartments $820,947 / Semi-detached $1,024,286 / Linked homes $1,107,000 and Stacked THs $545,000.
The Fall market is usually very good and is a pretty time of the year to showcase your home and property. Expect a busy September with more inventory and sales.
