Oakville Real Estate Update: December 2014

Pie Chart Oakville Market Average Price, December 2015
Oakville Real Estate Update: December 2014
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About the Author

Brandon Jones

Brandon Jones

Brandon Jones was born and has lived with in Oakville where he was an active hockey player. Jones learned about Oakville's local real estate from the ground up; helping build some of the most picturesque properties along the lakeshore and throughout east Oakville. He is a realtor with Century21 Miller.

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Oakville has been described as an Ontario treasure, with a small town feel just a stone throw away from the hustle and bustle of Toronto’s big city vibe, our small suburban towns popularity is constant.

Bar Graph for December 2014 Oakville Real Estate Update

Bar Graph for December  ’14 vs ’13 for Oakville Real Estate Update; Credit: OMDREB

Those of us that are lucky enough to call Oakville home are aware of the increasing interest to join the community of residents located in the most desirable suburb in Southern Ontario; where the median household income is over $100,000.00. With Oakville’s increasing popularity homeowners can rejoice, as Oakville housing prices are steadily on the incline.

Price Ranges for Oakville Real Estate Update December 2014, OMDREB

Credit: OMDREB

On January 15, 2015 The Canadian Real Estate Association (CREA), announced that the number of home sales processed through MLS dropped 5.8%. Meaning national home sales activity was down when compared to previous months. Although sales weakened, the number of homes listed for sale rose over one percent, as the national average sale price rose 3.8% when compared to last year’s activity.

All in all, the real estate market remains balanced and the decrease in home sale transactions over the month of December can safely be accredited to the traditionally slow real estate market during the holiday season.

“Home sales activity remained above year-ago levels in most local housing markets,” said CREA President Beth Crosbie.

Although sales were down nationally, one third of all Canadian real estate markets had stronger sales during December than they did the previous month. This is a healthy reminder that when investing in real estate it is important to consult your local Realtor to better understand your market. National numbers are broad and Oakville is one of the strongest housing markets in the country. Oakville’s average house is still selling above $800,000, up nearly 20% from last year. The GTA is still one of the leading housing markets Nationally, along with Montreal, Greater Vancouver and the Fraser Valley.

To better understand the strength of Oakville’s housing market, lets look
at a million dollar home in Oakville compared to other parts of Ontario.

Oakville Bungalow

Photo Credit: David Newton of Century 21 Miller

Price: 1.2 million dollars
Location: Oakville, Ontario
Realtor: David Newton
Brokerage: Century 21 Miller Real Estate Ltd.
Telephone: 905-517-4211
Style: Brick Bungalow
Stats: 2 bedroom 2 bath.
Features: Three-bedroom bungalow home with ingrown pool in south east Oakville On a premium lot within walking distance to “Historical Downtown Oakville“. A spacious 5.5-acre park with community tennis courts.

Hamilton Chateaux

Photo Credit: Loretta Phinney of Royal LePage

Price: 1.2 Million
Location: Hamilton, Ontario
Realtor: Loretta Phinney
Brokerage: Royal LePage Real Estate Services
Telephone: 905-617-8840
Style: French Chateau
Stats: 5 bedrooms, 6 bathrooms.
Features: The Hamilton French Chateau seen below is located near Chedoke Golf course. Featuring a large wine cellar, solid wood doors, 100yr old beamed ceilings, hardwood cobble stone front and French chateau design. 2nd floor terrace, gated lower courtyard.

Markham Two Storey

Photo Credit: Sylvia Thelma Houghton of Century 21 Leading Edge Realty

Price: 1.2 Million
Location: Markham, Ontario
Realtor: Sylvia Thelma Houghton
Brokerage: Century 21 Leading Edge Realty
Telephone: 905-947-9300
Style: Two Storey
Stats: 5 bedrooms, 6 bathrooms.
Features: Premium lot with vaulted ceilings, main floor library, open concept kitchen and family room, in ground pool with extensive landscaping and limestone fireplace.

Ottawa Two Storey

Ottawa Two Storey

Price: 1.2 Million
Location: Ottawa, Ontario
Style: Two Storey
Stats: 5 bedrooms, 3 bathrooms.
Features: Open concept home with large wood burning fireplaces, ensuite bathrooms with Jacuzzi bathtubs, vaulted ceilings, professional chef kitchen, stainless steal appliances, professionally manicured backyard with in ground swimming pool.

Whitby Bungalow

Photo Credit: Tatanya Martine Tierney & Richard Shea of Sutton Group Heritage Realty

Price: 1.2 Million
Location: Whitby, Ontario
Realtor: Tatanya Martine Tierney and Richard Shea
Brokerage: Sutton Group Heritage Realty
Telephone: 416-602-4409
Style: Bungalow
Stats: 4 bedrooms, 4 bathrooms.
Features: Modern bungalow with a 4 car garage, this home comes equipped with a gourmet chefs kitchen, granite countertops, hardwood floors vaulted ceilings, stunning master bedroom with ensuit deep spa bathtub.

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