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Tag: Market Update

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

Burlington Resale Prices Continue to Show Recovery

October Market Highlights
  • October average resale prices were up by 3.6% versus last year, marking annualized price growth for the third time in the past four months
  • This brought the year-to-date (Jan thru Oct) average price to within just 2.8% of last year’s record high performance
  • October volume of 208 units was up by a massive 103.9% versus last October’s horrendous performance of just 102 units
  • Despite October sales, year-to-date (Jan thru Oct) volume remains well behind last year’s numbers (-22.6%)

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - OCT 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South12$993,91727
Alton Central3$758,33322
Alton West5$898,60015
Brant Hills3$694,00022
Central5$905,80028
Dynes7$666,18621
Elizabeth Gardens5$1,134,18035
Headon Forest12$699,00428
Longmoor4$668,37521
Maple14$637,37922
Millcroft11$1,033,99137
Mountainside12$552,27534
Orchard12$794,25032
Palmer8$551,20037
Pinedale12$697,90831
Roseland6$1,292,98324
Shoreacres8$1,327,12532
Tansley2$818,50016

Oakville Market Rebound Continues

September Market Highlights
  • September volume up by 3.1% versus last year; marking fourth consecutive month of volume growth
  • September average price of $1,153,679 down slightly by 2.6% versus last year
  • Despite this slight price decline, overall prices have clearly bounced back strongly off the bottom which occurred in May
  • Market will continue to strengthen as new listing activity improves

Related: Monthly Neighbourhood Market Reports

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

Oakville Transactions - SEPT 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte24$1,187,20337
Bronte Creek8$1,027,87544
Central6$1,233,66728
Clearview---
College Park5$783,58021
Falgarwood7$925,50025
Ford4$1,932,50042
Glen Abbey10$922,46124
Glenorchy15$1,053,93336
Joshua Creek4$1,148,75014
Morrison14$2,712,32946
Old Oakville1$2,401,00029
River Oaks20$827,38530
Southwest5$2,009,00030
Wedgewood Creek6$1,065,33337
West19$927,51634
West Oak Trails12$970,25027
Westmount12$792,34226

Burlington Resale Volume Growth Turns into Positive Territory

September Market Highlights
  • September volume was up by 14.8% versus last year, erasing an eight-month streak of annual declines
  • Despite the volume uptick, new listings remained weak registering a 16.4% decline versus last year
  • The average price of $765,761 in September was down marginally (1.0%) versus last year
  • The year-to-date (Jan thru Sep) average price is now within just 3.3% of last year’s record high levels

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - SEPT 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South6$904,25041
Alton Central1$612,00025
Alton West4$860,00053
Brant Hills10$668,75030
Central9$1,137,93340
Dynes12$688,65829
Elizabeth Gardens10$784,20027
Headon Forest9$728,27857
Longmoor5$687,78018
Maple11$646,24538
Millcroft14$1,039,35732
Mountainside7$563,82724
Orchard17$925,96540
Palmer5$618,0809
Pinedale6$652,66730
Roseland4$950,0007
Shoreacres3$1,066,00041
Tansley---

Oakville Resale Market Recovery Continues

August Market Highlights
  • August volume up by 6.3% versus last year; marking third consecutive month of volume growth
  • August average price of $1,179,288 up by 3.1% versus last year
  • Prices over past three months clearly indicate that the market has bounced strongly off its bottom (which occurred in May)
  • Buyers have finally moved past the negative impacts of the Fair Housing Plan (Apr 2017) and OSFI stress test requirement (Jan 2018)

Related: Monthly Neighbourhood Market Reports

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

Oakville Transactions - AUG 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte16$1,135,68829
Bronte Creek8$978,38850
Central4$1,043,25014
Clearview3$1,056,66719
College Park5$816,00075
Falgarwood4$853,50047
Ford5$2,487,44526
Glen Abbey11$1,179,01523
Glenorchy10$988,40031
Joshua Creek6$1,297,50040
Morrison7$3,035,00051
Old Oakville7$2,004,28658
River Oaks21$1,007,58033
Southwest6$1,363,39627
Wedgewood Creek8$1,091,48832
West11$1,202,96459
West Oak Trails8$827,43832
Westmount15$881,66329