Friday, December 11, 2015 10:00 am ·  0 Comments
As the weather starts to cool, so has the average price of a home in Oakville, although only slightly. The average sale price of a house in Oakville fell in November, while detached home prices saw their third straight month of decline.
The overall average price of a house in Oakville dropped in November 2015 following an increase in October. Detached homes in Oakville continued their slight decline, which began in September.
The average price of a detached house in Oakville fell for the third straight month, dropping below the $1-million mark in November to $996,734. This was down 1.6% per cent from $1,013,283 in October. It marks the first time that the average price has fallen below $1-million since June and only the third month in 2015 where the average price of a detached house in Oakville has fallen below the $1-million mark.
Detached homes accounted for approximately 66% of all homes sold in Oakville in November.
The average price for all homes in Oakville was $827,634 in November, down from $844,954 in October. This represents a decrease of 1.67% for the average price of a house in Oakville.
Here is how the average selling price of a home in Oakville has fared on a month-by-month basis, year-to-date:
Here are the average selling prices for detached houses in Oakville over the past 11 months: