Chat with us, powered by LiveChat
Jan
11

Oakville Resale Prices Strengthened in the Back Half of 2018

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