Mar
13

Oakville Market Remains Soft in Early 2018

Oakville Market Remains Soft in Early 2018

February Market Highlights
  • February volume down by 38.7% versus last year’s strong sales, with 155 total units sold
  • Average price also showed weakness, declining by 21.1% versus last year to $1,120,284
  • New OSFI-mandated mortgage stress tests for uninsured mortgages plus higher borrowing rates are likely key factors
  • Days on market at 26 days, down from 39 days in January but up from just 16 days in February 2017

Related: Monthly Neighbourhood Market Reports

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Oakville Transactions - FEB 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte12$1,117,29234
Bronte Creek6$1,045,91749
Central6$1,995,00027
Clearview1$757,50025
College Park6$767,79219
Falgarwood6$687,75016
Ford2$2,103,30019
Glen Abbey9$1,167,50018
Glenorchy10$1,081,20025
Joshua Creek7$1,380,85726
Morrison8$2,435,62537
Old Oakville8$1,579,98823
River Oaks16$822,53438
Southwest3$1,885,00015
Wedgewood Creek4$966,50018
West20$1,157,40028
West Oak Trails10$812,70012
Westmount12$798,06717