Oakville Real Estate Facts & Figures





What's the Latest?


As we approach the close of this unpredictable, crazy year, I’m sure you’ll find the real estate statistics from November to be equally extraordinary as the market, even moving into the holiday season, continues to move at a brisk pace.

Each year, at this time, we are asked “what will the Spring market bring?”.  Our answers are generally based on statistics, economic forecasts, interest rates, social influence and, of course, some crystal balling.  The cost of borrowing money hasn’t been cheaper in generations, the focus on “home” continues to grow, housing inventory remains low so the upward pressure on prices continues. Finally, a certain confidence and resilience grew in the last 6 months so that it has become okay and perhaps prudent to be trading real estate.  It will certainly be interesting to watch 2021 unfold.

Should you have any questions about this market or would like a complementary updated pricing evaluation on your home, feel free to contact us.

Happy Holidays!
Blair & Peter

November Snapshot


As you can see, the numbers continue to astound!  The one that catches my eye is November volume, up 154%!  Who would have thought?!.

Since most of us will not be going south this year…PRAY FOR SNOW (we are skiers)!  Get out, embrace and enjoy the season. Walk, skate, snowshoe, ski, have a fire, enjoy a snowfall.  Remember, “There is no such thing as bad weather, just inappropriate clothing”.

Town Talk

Have you visited Downtown Oakville recently?  The town officially opened Lakeshore Road East after completing two phases of reconstruction.  Enjoy strolling down the newly widened sidewalks and finish that last minute shopping at some of our quaint shops!  As part of the overhaul, you can now take advantage of public Wi-Fi and electric vehicle charging stations!




Our "Under the Hood" Look at the Numbers



Median Sale Price

Nov 2020          
$1,399,000 (+21.1%)

Nov 2019          
$1,155,000

Nov 2020 YTD  
$1,340,750


Average Sale Price

Nov 2020
$1,624,037 (+24.4%) 

Nov 2019          
$1,305,903

Nov 2020 YTD  
$1,553,374


Number of Sales

Nov 2020         
327 (+105.7%) 

Nov 2019          
159

Nov 2020 YTD
2,878 


Toronto Sales

Average Sale Price  
$955,615 (+13.3%)

Number of Sales
8,766 (+24.3%)

Average Listing Days on Market  
19 (-20.8%)

Get In Touch

MACKEY & McCORMICK

Phone: 905.845.4267

EMAIL

Office Info

Royal LePage Real Estate Services

326 Lakeshore Road East  Oakville,  Ontario  L6J 1J6 

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