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Oakville Market Rebound Hits Pause Button

November Market Highlights
  • November average price of $1,055,123 retreated by 3.4% versus last year
  • The year-to-date (Jan thru Nov) average price is now down by 9.6% versus last year
  • November volume of 123 units was down by 33.9% versus Nov 2017; year-to-date sales remain 17.9% down versus last year
  • It should be kept in mind that Nov 2017 sales were assisted by buyers who wanted to beat the incoming stress-test requirement on Jan 1, 2018

Related: Monthly Neighbourhood Market Reports

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

Oakville Transactions - NOV 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte2$964,5005
Bronte Creek1$998,00014
Central1$1,150,0006
Clearview---
College Park7$910,81425
Falgarwood1$659,90014
Ford---
Glen Abbey4$991,50012
Glenorchy4$841,92519
Joshua Creek---
Morrison4$3,379,0006
Old Oakville3$1,482,33314
River Oaks6$648,61710
Southwest---
Wedgewood Creek2$973,90010
West2$749,95014
West Oak Trails4$826,44512
Westmount6$733,80018

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

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

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

Oakville Market Volume Turnaround Continues

July Market Highlights
  • July volume of 186 units was up by 21.6% versus last year
  • Market appears to have finally digested the Fair Housing Plan (Apr 2017) and the OSFI stress test requirement (Jan 2018)
  • Prices have also stabilized over the past two months; July average price of $1,076,426 off by just 1.4% versus last year
  • Market recovery (for both volume and prices) is expected to continue throughout the back half of 2018

Related: Monthly Neighbourhood Market Reports

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

Oakville Transactions - JULY 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte29$935,91430
Bronte Creek11$1,063,45527
Central4$1,037,47529
Clearview3$938,33347
College Park11$775,89136
Falgarwood12$734,14647
Ford4$1,463,75036
Glen Abbey19$928,44535
Glenorchy13$860,34644
Joshua Creek14$1,358,31427
Morrison4$3,158,75055
Old Oakville8$2,361,60344
River Oaks18$930,33341
Southwest1$1,000,00029
Wedgewood Creek6$1,100,83326
West16$1,148,43124
West Oak Trails16$925,68833
Westmount20$839,87529