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Real Estate, Real Estate Reports, Featured, February 2019, Oakville, Oakville Real Estate Report, Oakville Real Estate, Burlington, Burlington Real Estate

March 2019 // Oakville & Burlington Real Estate Market Report

April 05, 2019

 

 

The New Street March 2019 Oakville Real Estate Report //

 

๐Ÿ“Š The average price of a home in Oakville was $1,011,664 in March
๐Ÿ“Š This figure is up by 2.6% from the previous month of February 
๐Ÿ“Š Down 1.7% from March 2018
๐Ÿ“Š All home types saw an increase in price of around 5%, with Condo Towns and Semis leading the way, up 16% and 7.5% respectively

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๐Ÿ“Š There was 284 sales in Oakville in March, up from last month by 80% and on par with last year, up about 1%
๐Ÿ“Š There was a decrease of 15% in sales of detached homes compared to last year but condos and condo townhomes were up over 30% in sales volume

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๐Ÿ“Š 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 March 2019 Burlington Real Estate Report //

๐Ÿ“Š The average price of a home in Burlington was $762,243 in March
๐Ÿ“Š This figure is up by 10% from the previous month of February
๐Ÿ“Š Down 2.8% from March 2018
๐Ÿ“Š Although the average price was down for most home types, detached homes did see an increase of approximately 1%. Condos saw the biggest drop, down 12%

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๐Ÿ“Š Sales volume was 215, up from last month by 42% and up from last year by 14%
๐Ÿ“Š Condo sales saw the largest increase with 42 sales, up 44% from last year. With the price up, sales also increased by over 9% for detached homes.

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๐Ÿ“Š There is currently 2.4 months of supply on the market in Burlington, and the average sales to listing price ratio is 98%

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