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February 2019 // Oakville & Burlington Real Estate Market Report

March 10, 2019

 

 

The New Street February 2019 Oakville Real Estate Report //

 

📊 The average price of a home in Oakville was $986,404 in February
📊 This figure is down by 6% from the previous month of January 
📊 Down 3.4% from February 2018
📊 Detached Homes and Condos saw the largest drop of 11% and 13% respectively, meanwhile, the other home types all saw average prices increases between 4-17%

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📊 Sales volume was 158, up from last month by 3% and down from last year by about 30% 
📊 All home types had less sales this month compared to last year with Condo Towns and Townhomes leading the drop, down over 40% in sales at 19-24 sales respectively

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📊 There is currently 3.6 months of supply on the market in Oakville, which is higher than other neighboring cities, and the average sales to listing price ratio is 97%

 

 

Burlington Real Estate Stats February 2019

 

 

The New Street February 2019 Burlington Real Estate Report //

📊 The average price of a home in Burlington was $692,680 in February
📊 This figure is down by 5% from the previous month of January 
📊 Down 1% from February 2018
📊 Although the average price was down for all home types, detached homes, condo towns and condos all saw an increase of 4-5% from last year 

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📊 Sales volume was 151, up from last month by 22% and up from last year by 11%
📊 Detached homes had the exact same amount of sales as last February, with semis and towns down in sales by 36% and 20% respectively. COndo towns and condos, on the other hand, were up in sales by 77% and 28% respectively.

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📊 There is currently 2.4 months of supply on the market in Burlington, and the average sales to listing price ratio is 98%

Robert Jendrzejczak // NS Admin

As the Founder of New Street, Robert is passionate about optimizing the customer experience. He is a stickler for real-world business results. Rob has developed deep insights into the market and an insider perspective of what homebuyers are looking for these days. When he’s not helping New Street clients, he’s probably catching a run while purposefully ignoring the stop signs. Follow robertj.ca on Instagram.

All Stories By : Robert Jendrzejczak // NS Admin

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