The new year is in full swing, and with it comes many people who have made buying or selling a home part of their 2021 resolutions.
The Real Estate Market is BOOMING in Oakville. 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 first month of the year, with little change expected in the coming months. While new listing activity as well as inventory for sale is likely to rise towards spring, buyer activity is expected to rise with it, limiting impact to the months supply of inventory.
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 January 2021 Market Snapshot for Oakville!
Across all styles of homes in Oakville, the Average Sales Price increased! Average Sales Price increased 65.7 percent to $2,168,850 for Detached homes, increased 18.5 percent to $949,558 for Semi-Detached/Townhouse homes and increased 3.1 percent to $614,537 for Condos. Detached/Semi/Town Homes are selling in record time too. Average Days on Market decreased 46.2 percent to 21 for Detached homes and decreased 58.8 percent to 14 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.