According to figures released by The Oakville, Milton and District Real Estate Board (OMDREB), the number of sales declined 5.1 per cent in January 2014 compared to the same period in 2013. Monthly sales totaled 406 compared to 428 in January 2013. However ...
RESIDENTIAL MEDIAN PRICE INCREASED 5.8%
Although the number of new property listings were lower, the residential median price (midpoint of all sales) of $635, 050 increased 5.8% in Oakville compared to January 2013.
26% OF DETACHED HOMES SOLD AT OR ABOVE LIST PRICE
Competition between buyers for detached homes in January 2014 equated to 26% of the detached homes selling at or above list price.
BUYERS PAID UP TO 3% ABOVE LIST PRICE FOR DETACHED HOME
Yes! The 26% of competing buyers of the detached homes that sold at or above list price, paid up to 3% above list price for homes that sold between $521,000 to $2,250,000 in January 2014.
SELLERS, NOW IS A GREAT TIME TO SELL!
BUYERS, In today's competitive market timing is everything. Many good homes are sold before they are ever advertised. Mirjana will work with you to beat other home buyers to the hottest new listings with her New Listings Notification.
*Source OMDREB Oakville Milton and District Real Estate Board * Information is deemed accurate but not guaranteed.
*The total sales are comprised of all sales by OMDREB Members, regardless of jurisdiction.
**Total dollar volume of sales reflects “all property types” including residential, condominiums, commercial property, farmland and sale of businesses.
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