The New Street February 2019 Oakville Real Estate Report //
๐ The average price of a home in Oakville was $986,404 in February
๐ This figure is down by 6% from the previous month of January
๐ Down 3.4% from February 2018
๐ 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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๐ Sales volume was 158, up from last month by 3% and down from last year by about 30%
๐ 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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๐ 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%
The New Street February 2019 Burlington Real Estate Report //
๐ The average price of a home in Burlington was $692,680 in February
๐ This figure is down by 5% from the previous month of January
๐ Down 1% from February 2018
๐ 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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๐ Sales volume was 151, up from last month by 22% and up from last year by 11%
๐ 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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๐ There is currently 2.4 months of supply on the market in Burlington, and the average sales to listing price ratio is 98%