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Apr
19

Oakville Resale Prices Strengthen in Spring Market

Oakville Resale Prices Strengthen in Spring Market

March Market Highlights
  • March average price of $1,155,338 is up by a solid 4.6% versus last year, and by 10.2% versus February
  • Q1 average price is up by 1.6% versus last year, indicating that the market has bounced o‑ the lows experienced in 2018
  • That said, March volume remained in sluggish territory (183 units, down by 17.2% versus last year)
  • OSFI stress test continues to negatively impact mortgage qualification numbers and is therefore hampering sales volume

here Related: Monthly Neighbourhood Market Reports

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

Oakville Transactions - MAR 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte16$1,100,01032
Bronte Creek13$1,123,03833
Central7$1,035,97130
Clearview5$1,101,60014
College Park5$1,086,10024
Falgarwood9$836,76726
Ford13$1,531,38518
Glen Abbey25$1,141,98014
Glenorchy6$934,75052
Joshua Creek3$1,085,00031
Morrison13$2,509,92375
Old Oakville7$2,744,28625
River Oaks18$887,47217
Southwest5$1,486,60020
Wedgewood Creek6$926,16713
West14$1,000,23648
West Oak Trails3$731,00012
Westmount23$881,52223