Chilled start to Oakville real estate market in 2014

January 2014 Residential Sales Report

Chilled start to Oakville real estate market in 2014
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Dionne Galan

Dionne Galan

Dionne Galan was the Communications Manager at Oakville, Milton and District Real Estate Board from December 2011 to July 2014. She graduated from the Public Relations Program at Ryerson University.

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According to figures released today by The Oakville, Milton and District Real Estate Board (OMDREB), the number of sales declined 5.1 per cent in January compared to the same period in 2013. Monthly sales totaled 406 compared to 428 in January 2013.

“All property sales and the number of new property listings fell short of last year’s results,” said Jack McCrudden, President of OMDREB. “Residential median sale prices remained strong in Oakville and particularly in Milton, which experienced a strong increase.”

The dollar volume of all sales processed through the OMDREB MLS® system increased in January 2014 to $193,209,408 from $193,090,724 in January 2013– an increase of 0.1 percent.

Oakville’s median sale price for the month of January was $635,050, an increase of 5.8 per cent compared to January 2013.

Oakville Sales
Residential Type Number of Units
Detached 75
Semi/Link/Townhouse 31
Condo Apt/TH 22
Total 128

Oakville Jan-2014 Jan-2013 % Change
Number of Residential Sales 126 131 -3.82%
Average Sale Price $739,429 $718,184 2.96%
Median Sale Price  $635,050 $600,000 5.84%
YTD 2013 YTD 2012 % Change
Number of Residential Sales 126 131 -3.82%
Average Sale Price $739,429 $718,184 2.96%
Median Sale Price $635,050 $600,000 5.84%

 

 

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