September Snapshot
These figures are exclusively for the Oakville residential market and although all information provided is deemed accurate it is not guaranteed.
The average sale price is found by adding the value of all sales and divided by the number of homes sold. The median sale price is the midpoint sales price of all sales. The variance between the median and the average is primarily accredited to the high price point of the multiple luxury sales in Oakville for the month. A few $5 million plus sales can skew the calculation upward.
These stats do not include sold properties not reported through the Oakville, Milton and District Real Estate Board. For example, a home listed and sold by a Toronto Real Estate Board member who did not list the property on the Oakville board. I know sounds crazy right...who would ever do that and forego the massive exposure to Oakville realtors? Shockingly, it happens.
See further down for our more in depth "Under the Hood" look at the numbers.
Hot New Listings...
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The summer months are traditionally a slower period for real estate activity in our market as many people travel, spend time at the cottage and enjoy the warm weather putting real estate on the backburner. As is usually the case however, once Fall starts we start to see more listings come on the market and activity pick up as buyers house shop with hopes of getting in for Christmas or early in the new year. This Fall has been a little strange statistically as we have seen a slowdown in Oakville sales volume, an increase in days on the market but an uptick in average and median sale prices. This is not the usual pattern and might be accredited to the successful sale of some higher end homes that bring the sales price averages up. The much larger Toronto Real Estate Board show a more robust growth pattern, largely due to the very popular condo market.
In general, it is our opinion that the Oakville market is still very healthy and in demand, especially in particular price ranges. Buyers are price conscious though and continue to look for fair value as they do have more of a supply to choose from. Sellers need to be more patient than the booming 2017 market and have to be strategically priced to maximize their sales value. As always, please don't hesitate to reach out to us should you have any questions or would like to have a complimentary and confidential discussion about your home or the market in general.
Cheers,
Blair & Peter
A Few of Our Recent Solds...
$679,000 SOLD!!
Sahara Desert Trek for Women's Shelter
We are very excited that Blair from our team was able to join a group for the Royal LePage Shelter Foundation that will hike over a 100 km in 5 days in the Sahara Desert this November raising funds for an important cause to our entire team, the local Women's Shelter where emergency shelter and crisis services are made available to all abused women and their children right here in our community. The numbers really are mind boggling and sadly, on any given night in Canada close to 6,000 women and children stay in an emergency shelter because it’s not safe for them to be at home. Just as bad, 300 are turned away each night because all the shelters are full. More information is available on our donation page if you are interested in reading further.
Our team covers all Blair's costs and travel expenses so every dollar donated goes to support this very worthy cause. The 100 km trek is more than 132,000 hot sandy steps under some pretty tough conditions, but Blair has been training hard and we are confident he can complete it! Any donations over $20 receive a charitable receipt and we sincerely thank those of you who have already taken the opportunity to support this cause through our donation page. We have a team goal to raise $7,500 for our local shelter and although we have done great so far and are over $5,000, any additional help would be greatly appreciated!
Please click below to go to our official sponsorship page:
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Our "Under the Hood" Look at the Numbers
Median Sale Price
September 2019
$1,035,500 (+12.25%)
September 2018
$922,500
September 2019 YTD
$975,250 (+3.26%)
September 2018 YTD
$944,500
Average Sale Price
September 2019
$1,242,079 (+7.4%)
September 2018
$1,156,500
September 2019 YTD
$1,139,895 (+2.61%)
September 2018 YTD
$1,110,941
Number of Sales
September 2019
160 (-9.09%)
September 2018
176
September 2019 YTD
1,562 (-6.75%)
September 2018 YTD
1,675
Toronto Sales
Average Sale Price
$843,115 (+5.8%)
Number of Sales
7,825 (+22.0%)
Days on Market
23 (-11.5%)
Need More Info?
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