Sales volumes were up 11% from a year ago and 23 % from last month with 388 homes & apartments changing hands. 36 of these sales were for condo apts and 40 were for bungalows.
The average price for a detached 2 storey home was $794,000. The average time on the market was 24 days.
The most expensive home sale was $3,425,000. 40 homes sold above one million dollars.
There were 74 rental sales. The cheapest was for a 1BR condo apt in College Park which went for $1250. The most expensive rental went for $9,200 for a home in Southeast Oakville.
Thursday, June 2, 2011
Tuesday, May 3, 2011
April '2011
Sales volumes are down 18% from last year with 316 sales this April but they are consistent with March '2011 sales columes. There were 50% more sales above the $1,000,000 mark with 31 sales.
The average days on market was 29. You can multiple that by at least 3 for properties above the million mark.
The average price of a 2-storey home was $848,000. Oakville is very sought-after.
There were 68 rental sales ranging in price from $1,250 to $7,900/mth. 11 were for condo apartments, the highest apartment rented for $3,400/mth.
At the moment the cheapest detached 2-storey home available is offered at $385,000 and it is in College Park. The highest priced detached home is for a lakefront estate in Southeast Oakville offered at $22,000,000.
The cheapest bungalow available is offered at $375,000 in West Oakville, while the most expensive is offered at $5,100,000 in Southeast Oakville. The cheapest Freehold TH is offered at $277,000 and the most expensive is offered at $1,900,000 and is in Central Oakville, south of Lakeshore Road. And for condo apartments the cheapest one available is asking $169,000 in Falgarwood and the most expensive is asking $2,900,000 located in downtown Oakville.
The average days on market was 29. You can multiple that by at least 3 for properties above the million mark.
The average price of a 2-storey home was $848,000. Oakville is very sought-after.
There were 68 rental sales ranging in price from $1,250 to $7,900/mth. 11 were for condo apartments, the highest apartment rented for $3,400/mth.
At the moment the cheapest detached 2-storey home available is offered at $385,000 and it is in College Park. The highest priced detached home is for a lakefront estate in Southeast Oakville offered at $22,000,000.
The cheapest bungalow available is offered at $375,000 in West Oakville, while the most expensive is offered at $5,100,000 in Southeast Oakville. The cheapest Freehold TH is offered at $277,000 and the most expensive is offered at $1,900,000 and is in Central Oakville, south of Lakeshore Road. And for condo apartments the cheapest one available is asking $169,000 in Falgarwood and the most expensive is asking $2,900,000 located in downtown Oakville.
Friday, April 1, 2011
March 2011
The number of sales is on an upward trend for the first quarter of 2011 with March coming in with 321 sales. January had 175 sales while February recorded 238 sales. The average price for a detached 2-storey home was $707,000 while detached bungalows averaged $621,000. A year ago those numbers were $698,000 and $550,000, respectively. The average time on the market was 25 days which is very good. Rental sales although they have dropped year over year to 62 from 76 are holding at that sales volume level through the first quarter. 25 homes sold above $1,000,000 with the highest at $2,575,000. Interest rates have edged up slightly with 5 year money attainable at 3.94% which is better than last year's 4.18%.
Wednesday, March 2, 2011
February 2011
Sales volumes were 238 down from 281 in 2010 but way up from this January's 175 sales. The average sales price of a detached 2-story home was $800,000, a healthy number and up from the $757,000 a year ago. That's almost a 6% sales price increase which unfortunately makes it difficult for those families trying to get into a detached home. January '2011 sales average was slightly higher at $807,000. But you can safely say that prices are holding.
The average days on market was 31 up from 21 last February. But a month is still very quick.
25 homes sold above the million dollar mark in February with 4 above $2,000,000. Among those upper end sales the highest was $8,000,000* for a Southwest Oakville lakefront estate. This of course continues to support the incredible attraction that Oakville offers.
Rental properties kept in line year over year with 62 rentals sales versus 61 last year. Sales went from $1,175 to $5,800.
The good news is there is a very positive energy in the market place and we are seeing a few multiple bid situations as a result. At the same time we are also seeing alot of new properties coming to market and the existing balanced market may soon turn into a buyer's market.
*I backed out the $8,000,000 sale to make more sense of the numbers. Had I not, the average sale price for a detached 2 storey in February would have been $929,000.
The average days on market was 31 up from 21 last February. But a month is still very quick.
25 homes sold above the million dollar mark in February with 4 above $2,000,000. Among those upper end sales the highest was $8,000,000* for a Southwest Oakville lakefront estate. This of course continues to support the incredible attraction that Oakville offers.
Rental properties kept in line year over year with 62 rentals sales versus 61 last year. Sales went from $1,175 to $5,800.
The good news is there is a very positive energy in the market place and we are seeing a few multiple bid situations as a result. At the same time we are also seeing alot of new properties coming to market and the existing balanced market may soon turn into a buyer's market.
*I backed out the $8,000,000 sale to make more sense of the numbers. Had I not, the average sale price for a detached 2 storey in February would have been $929,000.
Saturday, January 1, 2011
December 2010
Prices are holding with the average 2-storey home in Oakville selling for $786,500. Sales volumes were down 30% with 124 sales this month compared to 162 last year. But not bad when compared to Dec 08 & 07 when we had 79 & 137 sales respectively.
11 homes sold above 0ne million with the most expensive, a beautiful lakefront mansion in Southwest Oakville going for just under $4.2 million.
In addition, to the 124 sales there were 42 homes & condo's rented. Ten of which were condo apartments.
Average days on market did increased to 50 from this November's 40. Still not too bad.
Financing is still very attractive with 5 year mortgage money available at 3.74% and variable rates at 2.30%.
It should be interesting to see how the market fares over this next quarter.
11 homes sold above 0ne million with the most expensive, a beautiful lakefront mansion in Southwest Oakville going for just under $4.2 million.
In addition, to the 124 sales there were 42 homes & condo's rented. Ten of which were condo apartments.
Average days on market did increased to 50 from this November's 40. Still not too bad.
Financing is still very attractive with 5 year mortgage money available at 3.74% and variable rates at 2.30%.
It should be interesting to see how the market fares over this next quarter.
Wednesday, December 1, 2010
There were 201 sales in November the same number as October. Down from Nov '2009's 254 sales but way above Nov '2008's 122 sales.
The average 2-storey home sold for $817,000, up from this October's low seven's & Nov '2009's $791,000. This is the first time we have cracked the $800,000 threshold.
The average for all types of housing including apartments was $579,000. That is considerably higher than a year ago when the average was $503,000.
The average days on market was 40.
There were 47 rental transactions. 13 were for condo apts that rented between $1,000 & $1,700. Ten of the 16 detached home rentals went between $2,000 & $4,000 with the lowest going for $1,600 & the highest going for $4,850.
Mortgages rates still remain very attractive and it looks like prices will hold going forward with some modest price fluctuation and overall growth.
The average 2-storey home sold for $817,000, up from this October's low seven's & Nov '2009's $791,000. This is the first time we have cracked the $800,000 threshold.
The average for all types of housing including apartments was $579,000. That is considerably higher than a year ago when the average was $503,000.
The average days on market was 40.
There were 47 rental transactions. 13 were for condo apts that rented between $1,000 & $1,700. Ten of the 16 detached home rentals went between $2,000 & $4,000 with the lowest going for $1,600 & the highest going for $4,850.
Mortgages rates still remain very attractive and it looks like prices will hold going forward with some modest price fluctuation and overall growth.
Tuesday, November 2, 2010
October 2010 Sales Activity
Sales volumes for the month were 201, down almost 50% from a year ago but keeping pace with this September's 206 sales. Prices are still holding for the most part with the average sale price for a detached 2-storey home coming in just over $700,000. Oakville is still one of the most expensive places to live in the GTA.
There were 17 homes sales above $1,000,000. The average time to sell took a respectable 35 days.
There were 14 rental sales 3 of which were condo apts. September '10 had 71 rental sales.
Now that the power plant is no longer a threat to our community we and interest rate hikes are holding we will experience a renewed sense of activity in the market going forward.
There were 17 homes sales above $1,000,000. The average time to sell took a respectable 35 days.
There were 14 rental sales 3 of which were condo apts. September '10 had 71 rental sales.
Now that the power plant is no longer a threat to our community we and interest rate hikes are holding we will experience a renewed sense of activity in the market going forward.
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