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Tag: Real Estate

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)

more info 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

Burlington Market Continues to Bounce Back

February Market Highlights
  • Both February sales volume (+7.6%) and average price (+1.3%) registered year-over-year gains
  • Sharp new listings growth in January (+27.3%) did not replicate in February (-0.9%), likely due to the extreme February weather
  • Tepid new listings growth likely curtailed volume substantially in February, as would be sellers delayed their listing plans temporarily
  • More aggressive volume growth is expected in the months ahead, as weather improves and more new listings come to market

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

Burlington Transactions - FEB 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South5$672,70013
Alton Central2$1,031,50079
Alton West1$1,096,50011
Brant Hills8$648,11216
Central9$991,11143
Dynes8$728,48811
Elizabeth Gardens4$633,25012
Headon Forest7$774,64312
Longmoor2$665,25033
Maple2$692,50054
Millcroft7$820,78654
Mountainside5$625,60023
Orchard6$821,33338
Palmer8$687,6629
Pinedale2$632,50018
Roseland3$1,360,00057
Shoreacres---
Tansley3$634,66717

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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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

Burlington Market Recovery Continues Into the New Year

January Market Highlights
  • January sales volume was up by a substantial 15.2% versus last year
  • January average price is also up slightly (+0.7%) versus last year
  • Market now appears to have fully digested the impact of the government mandated stress test and higher interest rates
  • Inventory is also strengthening, with both new listings (+27.3%) and total active listings (+12.2%) recording nice gains versus last year

Related: Monthly Neighbourhood Market Reports

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

Burlington Transactions - JAN 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South7$1,008,35037
Alton Central1$800,00028
Alton West4$655,50024
Brant Hills6$608,37023
Central7$798,62949
Dynes6$723,33330
Elizabeth Gardens5$673,53714
Headon Forest6$710,33331
Longmoor3$850,6678
Maple8$709,00036
Millcroft9$1,000,28935
Mountainside7$665,12735
Orchard8$882,26250
Palmer5$660,66026
Pinedale3$760,83310
Roseland3$1,645,00042
Shoreacres5$1,304,60022
Tansley4$544,97520
Feb
05,
2019

Coffee and Real Estate

Coffee and Real Estate

Do you have questions about the real estate market? Are you wondering about the true value of your home? Want to learn the latest on current economic trends locally and nationally?

The Dan Cooper Group has all your answers.

Every Wednesday, our team of seasoned real estate professionals is available to meet with you at our office between 10am-12pm and 5pm-7pm. Come in for a cappuccino, and get all your questions answered.

Can’t make it in during those times? Call us or email us and we will book an alternative at your convenience.