Oakville-Burlington Real Estate Update

08-08-2019 722 General 0 Comments

Oakville-Burlington...July 2019 residential re-sale housing sales summary as reported by the Oakville, Milton and District Real Estate Board and the Realtors Association of Hamilton-Burlington...


                               July 2019 compared to July 2018


              Oakville/Burlington

 


July

2019

 

  July 

2018

Change 


#of Res   Sales

 


Oakville


349

311

+12.22%

 

Burlington

 

285

236

+20.76%  

 

Average Sale $ 




Oakville


 $1,062,987 

$1,005,771

+5.69%


Burlington


$766,546

$764,739

+0.24%

 



Median

Sale $




Oakville


$955,000

$865,000

+10.40%


Burlington


$700,000

$690,000

+1.45%

 


                            July 2019: Avg Days on the Market:
                                   Oakville: 34   
Burlington: 29


                          Year to Date: 2019 compared to 2018



Oakville/Burlington

 

 

YTD 2019

YTD 2018

% Change



#of Res Sales



Oakville

2,189

2,026

  +8.05%

Burlington 

1,950

1,770

+10.17%



Average Sale $



Oakville

$1,019,451  

 $1,017,529 

 +0.19%

Burlington

$742,903

$732,172

+1.47%



Median Sale $



Oakville

$888,000

$872,750

+1.75%

Burlington

$681,000

$665,000

+2.41%


                             2019 YTD: Avg Days on the Market:
                                    Oakville: 31   
Burlington: 28


*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.



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