The average price of a home in Oakville rose in August 2015, setting new high marks for the year in two major categories.
Average Price of a Detached Home in Oakville
The average price of a detached home in Oakville climbed to approximately $1,166,965 in August 2015, up from $1,030,080 in July. This represents an increase of 13.3% for a detached home in Oakville. It also set a new high for the year in terms of average cost of a detached home in Oakville.
Average Price of a Home in Oakville
The average price for all homes in Oakville (including townhomes, condominiums etc.) was $906,838 in August 2015, up from $852,696 in July. This represents a more modest increase of 6.5% over the previous month, although it still set a new high for Oakville home prices in 2015. It is the first time that the average cost of a home in Oakville has passed the $900,000 mark in 2015.
Average Price of a Home in Oakville, January to August 2015
Here are the average selling prices for Oakville homes 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 $852,696
- Aug $906,838
Average Price of a Detached Home in Oakville, January to August 2015
Here are the average selling prices for Oakville detached homes on a month-by-month basis, year-to-date:
- 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 $1,166,965
Data was tabulated from the Oakville, Milton & District Real Estate Board (OMDREB) and is deemed accurate as at September 11, 2015.