No April Showers for Oakville Real Estate

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No April Showers for Oakville Real Estate
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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 all property sales increased by 3.2 per cent in April compared to the same period in 2013. Monthly property sales totalled 874 compared to 847 in April 2013.

“Residential sale prices in Milton and Oakville climbed substantially in April 2014,” said Jack McCrudden, President of OMDREB. “It was a busy month for our Members and these numbers reflect their hard work and the ultra-competitive marketplace.”

The dollar volume of all property sales processed through the OMDREB MLS® system increased in April 2014 to $514,432,312 from $438,298,597 in April 2013 – an increase of 17.4 per cent.

Oakville’s median sale price for the month of April was $722,000, an increase of 17.6 per cent compared to April 2013. The median sale price in Milton was $468,000, an increase of 5.6 per cent compared to the same time last year.

Oakville Sales
Residential Type Number of Units
Detached 222
Semi/Link/Townhouse 56
Condo Apt/TH 44
Total 322

 

Oakville April-2014 April-20113 % Change
Number of Residential Sales 319 304 4.93%
Average Sale Price $833,125  $741,359 12.38%
Median Sale Price  $722,000 $614,000 17.59%
YTD 2014 YTD 2013 % Change
Number of Residential Sales 949 883 7.47%
Average Sale Price $804,323  $748,528 7.45%
Median Sale Price $690,000 $625,000 10.40%
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