Chat with us, powered by LiveChat

Tag: oakville stats

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

Related: Monthly Neighbourhood Market Reports

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

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

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

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