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Re/max 2016 Spotlight on Luxury
Posted on Wed, 09 Nov 2016, 09:00:00 PM  in Housing Market Update
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Sales of homes priced over $1 million were up year-over-year in Toronto, Vancouver, Calgary, Victoria and Oakville in the first 9 months of 2016.  In Oakville, an affluent suburb of Toronto on the West side of the GTA, sales of $1 million homes increased by 111% year-over-year.  There were 1,195 sales over $1 million in the first 9 months of 2016 compared to 567 in 2015.  There were 1,169 freehold homes sold and 26 condominiums over $1 million in 2016 compared with 549 freehold homes and 18 Condominiums in 2015. 

In addition, there were 180 real estate sales in Oakville over $2 million in the first 9 months of 2016 compared to 80 in 2015.  Again, the majority of the sales in 2016 were freehold (173) and condominium sales were 7 compared with 76 freeholds and 4 condominiums in 2015.  The highest sale in 2016 was $8,300,000 and can be seen in the chart below.  To have your own copy of the entire report please send an email to bmkeay@rogers.com

 

Re/max 2016 Spotlight on Luxury

Oakville Luxury Sales Chart 2016

Posted by: Bill Keay

 

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