New Street January 2021 // Oakville Estate Market Report
Prices //
-
The average price of a home in Oakville was $1,318,000 in January 2021.
-
This figure was up by approx 12% from last month (Dec. 2020).
-
The average price increased from last year (Jan. 2020) by approx 29%.
-
Semis and Detached saw the largest increase from last year (Jan. 2020) at 49% and 39% respectively.
Sales Activity //
-
With 154 total sales, activity was up from last month (Dec. 2020) by 14% as we approach the end of the year.
-
Activity is still higher than last year (Jan. 2020) by approx 18%.
-
Condo and Detached homes saw the largest spike in activity, up by approx 93% and 14% respectively.
Market //
-
There is currently 1 month of supply on the market on average.
-
Homes are selling for 100% of their listing price on average.
Analysis //
-
Similar to other local markets, the Oakville real estate market is still at record high levels in terms of average price and sales. The market is starting to show mild signs of cooling down as we head into the winter season.