Oakville-Burlington Real Estate Update
August 2020 compared to August 2019
|
Oakville/Burlington
|
Aug 2020 |
Aug 2019 |
% Change | ||
|
Sales | Oakville | 465 | 274 | +69.71% | |
| Burlington | 348 | 270 | +28.89% | ||
| Average Sale $ | Oakville | $1,254,070 | $1,005,592 | +24.71% | |
| Burlington | $866,409 | $759,977 | +14.01% | ||
|
Sale $ | Oakville | $1,100,000 | $859,500 | +27.98% | |
| Burlington
| $792,139 | $686,000 | +15.47% | ||
August 2020: Avg Days on the Market:
Oakville: 22 Burlington: 19
Year to Date: 2020 compared to 2019
|
Oakville/Burlington
|
YTD 2020 |
YTD 2019 |
% Change | ||
|
#of Res Sales | Oakville | 2,448 | 2,411 | +1.53% | |
| Burlington | 2,083 | 2,224 | -6.34% | ||
|
Average Sale $ | Oakville | $1,171,083 | $1,011,531 | +15.77% | |
| Burlington | $857,685 | $745,105 | +15.11% | ||
|
Median Sale $ | Oakville | $1,000,000 | $880,000 | +13.64% | |
| Burlington
| $790,000 | $682,000 | +15.84% | ||
2020 YTD: Avg Days on the Market:
Oakville: 24 Burlington: 19
Months of Inventory
Oakville:
Active Listings: 696 #of Sales: 465 Months of Inventory: 1.50
Burlington:
Active Listings: 297 #of Sales: 348 Months of Inventory: 0.85
0-3 Mths – Seller’s Market 3-4 Mths – Balanced Market 4+ Mths – Buyer’s Market
*The average home price is found by adding the value of all sales and dividing by the number of homes.
*The median sale price is the midpoint of all sales.
Source: Oakville, Milton and District Real Estate Board (OMDREB) and
Realtors Association of Hamilton-Burlington (RAHB).
Statistics are never 100% accurate - they are a tool to be used in conveying a pattern that reflects trends and changes.