Strong finish to Oakville’s real estate market

June 2017 Oakville Real Estate Update
Strong finish to Oakville’s real estate market
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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 sales were up 23.7 per cent in December compared to the same period in 2012. Monthly sales totalled 350 compared to 283 in December 2012. The number of year-to-date sales increased by 10.2 per cent.

“Oakville and Milton experienced a high volume of property transactions to conclude 2013 on a firm note,” said Jack McCrudden, President of OMDREB. “The real estate market in Halton remained healthy and we expect this to continue in 2014.”

The dollar volume of all sales processed through the OMDREB MLS® system increased in December 2013 to $180,961,803 from $123,555,873 in December 2012– a jump of 46.5 percent. The dollar volume of sales year to date increased by 9.7 per cent year over year from 2012 to 2013.

Oakville’s median sale price for the month of December was $607,400, an increase of 10.4 per cent compared to December 2012.

Oakville Sales  
Residential Type Number of Units
Detached 69
Semi/Link/Townhouse 22
Condo Apt/TH 25
Total 116

 

Oakville Dec-2013 Dec-2012 % Change
Number of Residential Sales 116 80 45%
Average Sale Price $763,204 $672,598 13.47%
Median Sale Price $607,400 $550,000 10.44%
       
YTD 2013 YTD 2012 % Change
Number of Residential Sales 2721 2619 3.90%
Average Sale Price $736,963 $700,822 5.16%
Median Sale Price $628,000 $590,000 6.44%
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