Oakville Home Prices Drop in November

 

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

Brandon Jones

Brandon Jones

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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