Oakville Real Estate Facts & Figures





What's the Latest?


What a year it has been! From a surprisingly busy start to 2020 with sales activity very strong in January and February, we then moved into the world of COVID. I specifically remember sitting in a socially distanced team meeting on an outdoor porch in early April and our thought was, “would we ever sell another house this year?”

Well, the market began waking up in May/June and has continued at a stunning rate. October stats show number of sales up +123.3%. Truly amazing! Some of the factors driving this new market are people now working remotely, the focus on “home” and the fact that interest rates are at historical lows – money is almost free!

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

Cheers,
Blair & Peter

October Snapshot

The October market continued at an extremely strong pace and looks to keep the same momentum into November. Although listings are up 64%, the inventory remains low as sales volume has increased 123% from last October.

We expect the market to remain strong and active into the holiday season, but, of course, that could be tempered by COVID numbers and government restrictions.

Town Talk

Join Mayor Rob Burton as he sits down with Santa in person!  Visit this link on Saturday, November 21 at 9 a.m. for Santa’s arrival in Oakville. The event will feature a fireside chat between Mayor Rob Burton and Santa, colouring contest submissions and winners, and other special guests!.

Winter Wonderland of Lights

Another holiday season is upon us and although it will be unique this year, hopefully it will be one of great appreciation and gratitude for family, friends and community. Take the time to stroll our new downtown area and don’t miss the Winter Wonderland light show at Coronation Park by the lake!

Best Wishes to All!



Our "Under the Hood" Look at the Numbers



Median Sale Price

Oct 2020          
$1,388,000 (+18.8%)

Oct 2019          
$1,168,000

Oct 2020 YTD  
$1,330,000 (+35.7%)

Oct 2019 YTD  
$980,000

Average Sale Price

Oct 2020          
$1,641,392 (+27.2%) 

Oct 2019          
$1,290,881

Oct 2020 YTD  
$1,545,406 (+35.5%)

Oct 2019 YTD  
$1,140,433

Number of Sales

Oct 2020          
431 (+123.3%)

Oct 2019          
193

Oct 2020 YTD  
2,551 (+46.1%)

Oct 2019 YTD  
$1,746

Toronto Sales

Average Sale Price  
$968,318  (+13.7%)

Number of Sales
10,563 (25.1%)

Average Listing Days on Market  
17 (-26.1%)

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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