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Category: Statistics

Oakville Resale Prices Strengthened in the Back Half of 2018

December Market Highlights
  • Oakville market posted an 8.9% price decline in 2018, with an average price of $1,120,155
  • That said, prices in the back half of 2018 were significantly stronger than the front half (+1.1% versus -11.9%)
  • Sales volume was down by 18.2% to 2,050 units (in line with several major markets across the country)
  • Higher borrowing costs and the new mortgage stress test prompted many households to delay their buying intentions in 2018

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - DEC 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte6$1,341,99231
Bronte Creek3$1,094,66758
Central4$1,215,00056
Clearview1$1,100,00034
College Park3$670,11336
Falgarwood1$958,00015
Ford1$1,066,000139
Glen Abbey8$1,064,50033
Glenorchy5$1,038,80036
Joshua Creek3$1,581,62958
Morrison1$6,630,0003
Old Oakville1$4,800,000210
River Oaks10$789,58944
Southwest---
Wedgewood Creek1$1,318,00014
West9$1,323,05663
West Oak Trails3$936,00053
Westmount14$972,96440

Burlington Market Records Slight Price Decline in 2018

December Market Highlights
  • Burlington market posted a slight 2.0% price decline in 2018, with an average price of $745,920
  • This compares favourably to most major markets across Canada (for example, the GTA recorded a 4.3% price decline in 2018)
  • Sales volume, however, was down by 21.6% to 2,043 units (in line with several major markets across the country)
  • Higher borrowing costs and the new mortgage stress test prompted many households to delay their buying intentions in 2018

Related: Monthly Neighbourhood Market Reports

WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - DEC 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South8$818,17957
Alton Central---
Alton West2$1,052,50020
Brant Hills3$722,40020
Central4$714,75067
Dynes2$791,25044
Elizabeth Gardens5$663,21929
Headon Forest1$687,00018
Longmoor3$612,80014
Maple4$778,50056
Millcroft5$860,58032
Mountainside3$560,95033
Orchard3$782,00012
Palmer3$695,00050
Pinedale2$817,68452
Roseland4$1,648,72542
Shoreacres6$993,50024
Tansley2$695,00014

Oakville Market Rebound Hits Pause Button

November Market Highlights
  • November average price of $1,055,123 retreated by 3.4% versus last year
  • The year-to-date (Jan thru Nov) average price is now down by 9.6% versus last year
  • November volume of 123 units was down by 33.9% versus Nov 2017; year-to-date sales remain 17.9% down versus last year
  • It should be kept in mind that Nov 2017 sales were assisted by buyers who wanted to beat the incoming stress-test requirement on Jan 1, 2018

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - NOV 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte2$964,5005
Bronte Creek1$998,00014
Central1$1,150,0006
Clearview---
College Park7$910,81425
Falgarwood1$659,90014
Ford---
Glen Abbey4$991,50012
Glenorchy4$841,92519
Joshua Creek---
Morrison4$3,379,0006
Old Oakville3$1,482,33314
River Oaks6$648,61710
Southwest---
Wedgewood Creek2$973,90010
West2$749,95014
West Oak Trails4$826,44512
Westmount6$733,80018

Burlington Resale Price Recovery Continues

November Market Highlights
  • November average resale prices were up by 3.1% versus last year, marking annualized price growth for the fourth time in the past five months
  • This brought the year-to-date (Jan thru Nov) average price to within just 2.5% of last year’s record high performance
  • November volume of 154 units was flat versus November 2017; year-to-date sales remain 21.2% down versus last year
  • It should be kept in mind that Nov 2017 sales were assisted by buyers who wanted to beat the incoming stress-test requirement on Jan 1, 2018

Related: Monthly Neighbourhood Market Reports

WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - NOV 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South3$669,01012
Alton Central---
Alton West1$635,0007
Brant Hills4$598,75012
Central4$857,75015
Dynes4$587,37516
Elizabeth Gardens---
Headon Forest1$936,00010
Longmoor2$770,00012
Maple2$634,50017
Millcroft3$1,063,0007
Mountainside4$528,52513
Orchard1$877,00027
Palmer2$604,20014
Pinedale3$605,33316
Roseland1$1,270,00011
Shoreacres3$1,614,0007
Tansley1$895,00019

Oakville Resale Prices Reach 2018 High Levels

October Market Highlights
  • October average price of $1,246,118 is first time the $1.2 million barrier has been eclipsed in 2018
  • Average prices are now up over $200,000 versus the low-water mark which occurred in May of this year
  • However October volume was down by 9.4% versus last year, halting four consecutive months of annual volume growth
  • Sales volume activity continues to be strained by soft new listings performance

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - OCT 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte18$890,55628
Bronte Creek6$828,66734
Central5$1,519,00022
Clearview2$1,270,00014
College Park6$970,50025
Falgarwood12$688,16738
Ford5$2,082,94034
Glen Abbey9$969,05620
Glenorchy9$1,091,76037
Joshua Creek7$1,558,57136
Morrison14$3,666,30750
Old Oakville5$1,716,60027
River Oaks10$797,75032
Southwest2$2,635,00044
Wedgewood Creek4$1,122,00021
West13$1,157,53830
West Oak Trails13$936,92319
Westmount16$999,37542