As the weather starts to cool, so has the average price of a home in Oakville, although only slightly. The average sale price of a house in Oakville fell in November, while detached home prices saw their third straight month of decline.
The overall average price of a house in Oakville dropped in November 2015 following an increase in October. Detached homes in Oakville continued their slight decline, which began in September.
Average Price of a Detached House in Oakville falls for Third Straight Month
The average price of a detached house in Oakville fell for the third straight month, dropping below the $1-million mark in November to $996,734. This was down 1.6% per cent from $1,013,283 in October. It marks the first time that the average price has fallen below $1-million since June and only the third month in 2015 where the average price of a detached house in Oakville has fallen below the $1-million mark.
Detached homes accounted for approximately 66% of all homes sold in Oakville in November.
Average Price of a Home in Oakville
The average price for all homes in Oakville was $827,634 in November, down from $844,954 in October. This represents a decrease of 1.67% for the average price of a house in Oakville.
The Average Price of a Home in Oakville from January through November 2015
Here is how the average selling price of a home in Oakville has fared on a month-by-month basis, year-to-date:
- Jan $838,277
- Feb $858,061
- Mar $812,499
- Apr $847,023
- May $849,156
- Jun $804,708
- Jul $851,674
- Aug $909,464
- Sept $808,641
- Oct $844,954
- Nov $827,634
The Average Price of a Detached House in Oakville from January through November 2015
Here are the average selling prices for detached houses in Oakville over the past 11 months:
- Jan $1,005,145
- Feb $1,049,506
- Mar $996,122
- Apr $1,007,301
- May $1,023,919
- Jun $991,362
- Jul $1,030,080
- Aug $1,163,146
- Sept $1,018,906
- Oct $1,013,283
- Nov $996,734
Note: All data is from the Oakville, Milton & District Real Estate Board (OMDREB) and does not include any listings not appearing on this board. Data is accurate as at 11 December 2015.
Original story from Mike Belobradic oakvillenews.org