Residential sale prices continue climb: Oakville Real Estate Update June 2014

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Residential sale prices continue climb: Oakville Real Estate Update June 2014
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Dionne Galan

Dionne Galan

Dionne Galan was the Communications Manager at Oakville, Milton and District Real Estate Board from December 2011 to July 2014. She graduated from the Public Relations Program at Ryerson University.

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According to figures released today by The Oakville, Milton and District Real Estate Board (OMDREB), the number of all property sales decreased by 3.2 per cent in June compared to the same period in 2013. Monthly property sales totalled 844 compared to 872 in June 2013.

“With the number of new listings up over eight per cent in June and five per cent overall in 2014, there is a lot of choice for buyers in the market,” said Jack McCrudden, President of OMDREB.“Milton continued to experience sales growth while Oakville remained at a premium sale price.”

The dollar volume of all property sales processed through the OMDREB MLS increased in June 2014 to $479,445,007 from $442,598,128 in June 2013 – an increase of 8.3 Oakville’s median sale price for the month of June was $699,000, an increase of 8.1 per cent compared to June 2013.

Oakville Sales
Residential Type Number of Units
Detached 197
Semi/Link/Townhouse 53
Condo Apt/TH 42
Total 292

 

Oakville June-2014 June-20113 % Change
Number of Residential Sales 292 302 -3.64%
Average Sale Price $802,854  $737,407 8.88%
Median Sale Price $699,000 $646,750 8.08%
YTD 2014 YTD 2013 % Change
Number of Residential Sales 1639 1531 7.05%
Average Sale Price $812,948  $753,629 7.87%
Median Sale Price $695,000 $631,000 10.14%
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