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Tag: Real Estate

Oakville Volume Starts to Rise

April Market Highlights
  • April average resale prices were up 2.89% versus last year
  • Home sales increased year-over-year (+9.7%) for the first time this year
  • April had 1,342 new listings compared to 1,324 new listings in April 2018
  • 76.81% of detached home sales in Oakville were sold over $1,000,000 in April

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

Oakville Transactions - APR 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte24$1,022,08635
Bronte Creek6$1,002,06747
Central8$8,260,6325
Clearview2$1,265,50010
College Park10$771,12835
Falgarwood17$819,42420
Ford6$1,751,50026
Glen Abbey23$940,10926
Glenorchy18$1,042,83319
Joshua Creek11$1,336,81826
Joshua Meadows1$850,0003
Morrison15$1,956,60738
Old Oakville14$1,517,03636
River Oaks33$777,12718
Southwest4$2,181,62567
Wedgewood Creek8$941,03823
West23$1,158,93039
West Oak Trails13$874,20017
Westmount30$963,78224

Above sales transactions include homes of all types (detached, townhouse, condo, etc.)

Burlington Resale Prices Prove a Healthy Market to Sell

April Market Highlights
  • April average resale prices are up 3.35% versus last year
  • Home sales increased 12.5% year-over-year
  • The number of new listings in Burlington is up 3% over April 2018
  • The average number of days a Burlington property was on the market was 25 days

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

Burlington Transactions - APR 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot Central10$611,63547
Aldershot East1$765,00015
Aldershot South26$779,08526
Aldershot West2$924,38916
Alton Central7$845,71418
Alton East6$827,33327
Alton West12$739,83520
Brant Hills23$627,08324
Central21$928,89855
Corporate12$466,33313
Dynes19$593,43742
Elizabeth Gardens15$731,33323
Headon Forest33$642,99918
Longmoor17$749,09422
Maple23$581,86129
Millcroft20$913,54515
Mountainside13$553,5329
North Burlington Rural3$1,082,66731
Orchard20$707,51317
Palmer22$632,90413
Pinedale14$613,43021
Plains5$678,68020
Roseland10$1,654,75061
Shoreacres14$1,101,56429
Tansley6$404,20017
Tyandaga12$962,07532

Above sales transactions include homes of all types (detached, townhouse, condo, etc.)

Oakville Resale Prices Strengthen in Spring Market

March Market Highlights
  • March average price of $1,155,338 is up by a solid 4.6% versus last year, and by 10.2% versus February
  • Q1 average price is up by 1.6% versus last year, indicating that the market has bounced o‑ the lows experienced in 2018
  • That said, March volume remained in sluggish territory (183 units, down by 17.2% versus last year)
  • OSFI stress test continues to negatively impact mortgage qualification numbers and is therefore hampering sales volume

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

Oakville Transactions - MAR 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte16$1,100,01032
Bronte Creek13$1,123,03833
Central7$1,035,97130
Clearview5$1,101,60014
College Park5$1,086,10024
Falgarwood9$836,76726
Ford13$1,531,38518
Glen Abbey25$1,141,98014
Glenorchy6$934,75052
Joshua Creek3$1,085,00031
Morrison13$2,509,92375
Old Oakville7$2,744,28625
River Oaks18$887,47217
Southwest5$1,486,60020
Wedgewood Creek6$926,16713
West14$1,000,23648
West Oak Trails3$731,00012
Westmount23$881,52223

Burlington Market Recovery Remains on Track

March Market Highlights
  • March sales volume (+7.7%) showed significant year-over-year growth; Q1 year-over-year volume growth is 9.7%
  • Tepid new listings growth (-11.4% in March) remains a key issue for the Burlington market
  • Price growth has been disappointing especially in view of poor new listings performance
  • That said, prices have held firm (positive territory) for 8 out of the past 9 months now

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - MAR 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South17$858,97728
Alton Central4$814,25030
Alton West4$973,75036
Brant Hills16$654,22827
Central17$894,96537
Dynes9$678,65616
Elizabeth Gardens5$1,177,63039
Headon Forest12$759,03319
Longmoor10$739,75030
Maple8$688,66236
Millcroft10$876,30018
Mountainside11$601,12713
Orchard14$812,71518
Palmer7$690,85721
Pinedale13$677,58522
Roseland4$1,785,50030
Shoreacres7$1,010,85740
Tansley5$844,15012

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)

Related: Monthly Neighbourhood Market Reports

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

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