The Real Estate in Oakville was Hot in September 2016!
Sunday, 16 October 2016, 03:45:00 PM
How is the Oakville Real Estate Market doing?
In a word, hot! The year to date average sale price for a residential home was $1,047,119 according to OMDREB. That is a 24.8% increase compared to the YTD average sale price of $838,877 over the same period in 2015. 61% of single detached home sales were over a million dollars. Also, driving the market sales were condominiums in the $400K to $600K range and semi-detached homes in the $600K to $800K price range.
In September the driver of the sales market were homes over $1,000,000. The average sales price of a residential home in Oakville was $1,118,572 and the average days on market (DOM) was 17 days. The YTD average days on market is 21 days so sales were even hotter in September. The median sale price was $980,000.
There have been 2,719 residential home sales in 2016 compared to 2527 in 2015 and that is up 7.6%.
There were 171 Detached Homes that sold in September, 36 Semi's/Link/Townhouses and 48 Condominium apartments and 10 other sales in Oakville.