Oakville Average Home Prices Rise in August

Detached home in Oakville
Oakville Average Home Prices Rise in August

About the Author

Mike Belobradic

Mike Belobradic

Mike Belobradic is an Oakville Real Estate Advisor with Johnston & Daniel Oakville. Prior to his career in real estate, Mike headed up the BMO High-Net-Worth Wealth Management Group and had a successful career as a marketing and digital strategy executive. Born and raised in Toronto, Mike moved to Oakville in 1997 and lives here with his wife and daughter.

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The average price of a home in Oakville rose in August 2015, setting new high marks for the year in two major categories.

Average Price of a Detached Home in Oakville

The average price of a detached home in Oakville climbed to approximately $1,166,965 in August 2015, up from $1,030,080 in July. This represents an increase of 13.3% for a detached home in Oakville. It also set a new high for the year in terms of average cost of a detached home in Oakville.

Average Price of a Home in Oakville

The average price for all homes in Oakville (including townhomes, condominiums etc.) was $906,838 in August 2015, up from $852,696 in July. This represents a more modest increase of 6.5% over the previous month, although it still set a new high for Oakville home prices in 2015. It is the first time that the average cost of a home in Oakville has passed the $900,000 mark in 2015.

Average price of a home in Oakville

Average Price of a Home in Oakville, January to August 2015

Here are the average selling prices for Oakville homes on a month-by-month basis, year-to-date:

  • Jan    $838,277
  • Feb    $858,061
  • Mar    $812,499
  • Apr    $847,023
  • May    $849,156
  • Jun    $804,708
  • Jul    $852,696
  • Aug    $906,838

Average Price of a Detached Home in Oakville, January to August 2015

Here are the average selling prices for Oakville detached homes on a month-by-month basis, year-to-date:

  • Jan    $1,005,145
  • Feb    $1,049,506
  • Mar    $996,122
  • Apr    $1,007,301
  • May    $1,023,919
  • Jun    $991,362
  • Jul    $1,030,080
  • Aug    $1,166,965

Data was tabulated from the Oakville, Milton & District Real Estate Board (OMDREB) and is deemed accurate as at September 11, 2015.

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