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Tag: oakville stats

Extreme Weather Hampers Oakville Early Spring Market

February Market Highlights
  • Unseasonably cold weather in February had a dramatic effect in the number of new listings coming to market
  • As a result, February sales volume (-37.9%) slumped severely as would-be sellers delayed their listing plans temporarily
  • Volume is expected to recover in the months ahead, as weather improves and more new listings come to market
  • Weather also kept buyers away resulting in less demand and sluggish price performance (-6.7% decline in average price versus last year)

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Oakville Transactions - FEB 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte6$1,295,83344
Bronte Creek2$744,05010
Central1$995,00026
Clearview2$742,00028
College Park7$726,08727
Falgarwood4$614,12522
Ford3$1,312,66746
Glen Abbey14$1,079,53632
Glenorchy15$861,20047
Joshua Creek6$1,096,96725
Morrison6$2,679,83364
Old Oakville2$1,385,00023
River Oaks13$848,23119
Southwest2$1,440,00021
Wedgewood Creek3$911,63332
West11$1,214,27343
West Oak Trails10$938,78022
Westmount12$915,33334

Oakville Market Resale Prices Continue to Recover in New Year

January Market Highlights
  • January average price of $1,115,569 is up by a solid 4.7% versus last year
  • Market now appears to have fully digested the impact of the government-mandated stress test and higher interest rates from a pricing perspective
  • That said, January volume continued its recent sluggish pattern (-9.2% versus last year)
  • Volume is expected to strengthen in the coming months with a growing restoration of consumer confidence in the market

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Oakville Transactions - JAN 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte7$1,765,35740
Bronte Creek7$976,85725
Central3$1,039,84372
Clearview3$986,33339
College Park2$1,017,50014
Falgarwood8$936,25243
Ford2$2,702,50026
Glen Abbey9$812,77836
Glenorchy6$979,33350
Joshua Creek4$1,097,50026
Morrison2$2,571,00034
Old Oakville6$1,908,33359
River Oaks9$1,072,38933
Southwest1$2,003,800170
Wedgewood Creek1$950,00022
West9$1,285,16755
West Oak Trails10$896,88047
Westmount9$1,101,44439

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

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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

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