Oakville Average House Prices Fall in November

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Oakville Average House Prices Fall in November

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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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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.

Average Price of a Detached House in Oakville falls for Third Straight Month

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.

Average Price of a Home in Oakville

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.

Oakville Average House Prices November

The average price of a house in Oakville dropped slightly in November.

The Average Price of a Home in Oakville from January through November 2015

Here is how the average selling price of a home in Oakville has fared 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    $851,674
  • Aug    $909,464
  • Sept   $808,641
  • Oct    $844,954
  • Nov   $827,634

The Average Price of a Detached House in Oakville from January through November 2015

Here are the average selling prices for detached houses in Oakville over the past 11 months:

  • 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    $1,163,146
  • Sept   $1,018,906
  • Oct    $1,013,283
  • Nov   $996,734
Note: All data is from the Oakville, Milton & District Real Estate Board (OMDREB) and does not include any listings not appearing on this board. Data is accurate as at 11 December 2015.
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