dancooper.com
rss youtube twitter facebook linedin
home team listings blog marketing clients videos contact

Archive for November 13th, 2009

Local real estate sales skyrocket in October

Friday, November 13th, 2009 by Dan Cooper

market-report-550x258

The number of homes sold in Oakville last month compared to October 2008 jumped a whopping 78%. And in Milton sales skyrocketed by 98%. In terms of straight activity, this is becoming a heated market. The only thing missing is the corresponding price increases.

Prices are not rising at a rapid rate, but they are nonetheless increasing. I’ve already stated in past articles the upbeat predictions of the Bank of Canada and the Conference Board of Canada, that the recovery will gradually improve and we will see a better-than-expected rebound next year.

If you are thinking of buying a home, prices are still favourable, mortgage rates are low and so the time to buy has never been better in recent memory. Choose a Broker who understands the market, knows the community and has an inventory of homes that will provide you with the best choices for your dream home.

Selling? Select a Broker who displays creative and innovative ways to market your home to get the maximum return for your investment. Even if you bought your home for emotional rather than financial reasons, everyone wants to get the best price possible.

The latest housing statistic from the Oakville, Milton and District Real Estate Board will give you a good snapshot of the local market today:

  • 301 homes sold in Oakville in October compared to 169 last year.
  • Average Oakville price was $600,705 compared to $538,500 last year – a 12% increase.
  • 151 homes sold in Milton compared to 78 last October.
  • Average Milton price was $354,241 compared to $336,300 last year – a 5% increase.

    • When it comes to Oakville, Milton and District as a whole, the dollar volume of sales for the entire area more than doubled last month compared to October last year. Again, here are those statistics:

  • Sales volume was $331,518,615 in October compared to $161,003,075 in October 2008.
  • Number of new listings dropped to 1,123 compared to 1,504 for the same month last year.
  • Actual properties sold increased, climbing to 791 from 502 in 2008.

    • Interestingly, the highest rate of activity was among homes priced between $450,000 and $799,000.

    As the market continues to improve, the key to finding your dream home or finding the right buyer if you are selling is to work with a Broker who is knowledgeable about the area, who knows the market and can eliminate a lot of guesswork for you. At The Dan Cooper Team, for example, we have a team of multi-disciplined professionals with more than 40 years of combined experience. When you work with the best you are assured of getting the best deal and the home that fits your lifestyle.

    Dan Cooper is an award winning Broker with Royal LePage Real Estate Services Ltd., Brokerage. He can be reached at 905.338.3737, direct line at 905.849.3303 or through his recently relaunched website DanCooper.com. Be sure to catch the Dan Cooper Real Estate Education Series on DailyWebTV.com. For a free copy of his Guide to Oakville Real Estate or his booklet How To Sell Your House For Top Dollar, please call The Dan Cooper Team.

    Posted in Community, Real Estate, Real Estate Market, Statistics | No Comments »