Welcome to March! We hope you and your family are keeping well. The spring market is just around the corner, and the market is showing no signs of slowing down!
The current Real Estate Market is BOOMING in Oakville & Burlington, similarly to the 2017 market. It's been a busy time for us with some record sales and enthusiastic future owners securing their dream homes! Low inventory and multiple offers on in-demand properties and market segments have continued to be common in the second month of the year, with little change expected. While new listing activity as well as inventory for sale is rising as we head into spring, buyer activity will rise with it!
We live, work and play in Oakville, and it is our goal to inform and share with you what's happening and why our communities are so special to us. Below you will find the February 2021 Market Snapshot for Oakville!
Across all styles of homes in Oakville, the Average Sales Price increased! Average Sales Price increased 20.0 percent to $1,894,201 for Detached homes, increased 32.9 percent to $1,095,084 for Semi-Detached/Townhouse homes and increased 12.6 percent to $697,603 for Condos. Detached/Semi/Town Homes are selling in record time too. Average Days on Market decreased 59.1 percent to 9 for Detached homes and decreased 27.3 percent to 8 for Semi-Detached/Townhouse homes. It’s a great time to sell in Oakville!
We would love to provide you with a neighbourhood market update for your area!
Contact us today for your neighbourhood report.