Oakville Real Estate Update: March 1st to 8th

3423b946dd11a87ca679a45475dbec9eSprings came early to Oakville’s real estate market with more properties selling than we’ve seen week over week for the last several weeks and months. In fact sales have been so brisk at the lower end of the market that we are starting to see over 20% of sales below the million dollar market go for list or above. Again, it is for select properties not for everything.There is also fewer properties coming on the market than are being leaving from selling or being delisted.

Here are the real estate statistics for March 1st to 8th:

Price Range Active Listed Sold Conditional at or above Delisted
Leases 138 23 22 2 14 9
$100K to $500K 151 36 24 20 5 6
$500K to $1M 311 101 49 27 9 20
$1M to $2M 163 20 14 5 0 7
$2M Plus 96 12 3 0 0 4
Total 860 172 112 54 28 46

March Break home sales predictably slow down, especially when you’re looking at selling a family home. However, serious buyers are out, which means that should you have a showing of your family home, you should be prepared for an offer. The spring season is also when 40% of all real estate sales are made, which helps to explain the higher number of properties selling at or above list. It is also taking a longer period of time to sell homes then last year when the average number of days on market for the typical property was 20 days. The current number of days on market for a property to sell is 30 days. So remember there are a large number of properties that are taking far longer to sell.

If your property is listed, your yard is likely looking tired. So take a little time to rake up the leaves, pick up the dog debris, and sweep up the dirt that accumulated during the winter.  Your planters can be beautified by  simply putting in some interesting cut branches, and a little pea gravel. They are little things, but everything counts when a property is listed.

 

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