Oakville, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Oakville seems to be showing some resistance. Oakville is still experiencing an increase in average housing prices for the month of September from last year to this year. $466,802 in September 2007 to $479,853 in September 2008 representing a 2.8% increase. Housing prices have also steadily increased from January of this year through to September. In January, the average price for a house in Oakville was $476,883. Prices have risen throughout the year by 8.18% to an average of $515,915 in September. Sellers are receiving 96% of their asking prices for their properties, houses are currently remaining on the market for an average of 40 days and Oakville has sold 212 units this month, compared to 267 units this time last year marking a decrease of 20.6% or 55 units.
For market information more specific to your area of Oakville, please call or send me an email so I can send this valuable market information to you on a regular basis.
Sean Kavanagh
www.seankavanagh.ca
www.kavanaghrealestate.ca