Feb
12

Oakville 2018 Market Off To Quiet Start

Oakville 2018 Market Off To Quiet Start

January Market Highlights
  • January volume down by 21.5% versus last year, with 106 units changing hands
  • Despite volume softness, prices remained reasonably firm at last year’s level (down by just 0.5%)
  • Too early to tell to what extent volume softness is related to the new “stress test” mortgage qualification requirement
  • Despite firm prices, the sales experience is taking longer (39 days verses 23 days last year)

Related: Monthly Neighbourhood Market Reports

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Oakville Transactions - JAN 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte Creek5$960,34051
Bronte5$1,153,20041
Central3$1,521,66732
College Park2$627,50027
Clearview---
Falgarwood3$715,33341
Ford6$1,936,5009
Glen Abbey7$1,080,21427
Glenorchy5$733,50060
Joshua Creek3$1,096,66758
Morrison4$2,690,19430
Old Oakville4$2,773,75040
River Oaks18$815,33933
Southwest---
Wedgewood Creek5$1,292,00061
Westmount10$765,70046
West6$866,33338
West Oak Trails6$842,87526