Oakville Real Estate Market Report – October 2008

Oakville, Ontario: If you were ever looking for the right time to buy in Oakville, don’t wait any longer as now is the time. With decreased prices and a large inventory of properties, this market has turned into a buyers dream!

Average housing prices in Oakville have dropped from $541,683 in October 2007 to $461,882 in October 2008 representing a 14.7% decrease. Prices have also dropped from $495,121 in the month of September to $461,882 in October. Sellers are still receiving 96% of their asking prices for their properties, houses are currently remaining on the market for an average of 50 days, 10 days longer than last month, and Oakville has sold a year low 163 units this month, compared to 295 units this time last year marking a decrease of 44.75% or 132 units.

For everyone who has always dreamed of living in the beautiful area of Oakville, now is the time to find your dream home at a price you can afford!

To stay current with real estate market information in the Oakville area, or any other area of interest, please call or send me an email so I can send this valuable market information to you on a regular basis.

Sean Kavanagh


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