Oakville-Burlington Real Estate Update

08-11-2019 722 General 0 Comments

Oakville-Burlington...October 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...


                        October 2019 compared to October 2018

 

Oakville/Burlington

 

 

 

      Oct

     2019 

 

Oct

 2018

 

Change 


#of Res

Sales

 

Oakville

341

270

+26.30%


 Burlington

 

276

278

-0.72%  

 

Average 

Sale $ 



Oakville

 $1,030,258 

$1,078,120

-4.44%

Burlington

$779,258

$754,679

+3.26%


Median

Sale $



    Oakville

$920,000

$858,750

 +7.13%

Burlington

$706,000

$635,000

+11.18%


                         October 2019: Avg Days on the Market:
                                 Oakville: 30   
Burlington: 28

                       

                           Year to Date: 2019 compared to 2018

 

Oakville/Burlington

 

 

YTD

2019

 

YTD

2018


 

% Change



#of Res Sales



Oakville

3,095

2,844

  +8.83%

Burlington 

2,758

2,571

+7.27%



Average Sale $



Oakville

$1,027,290  

 $1,029,457 

 -0.21%

Burlington

$751,614

$737,384

+1.93%


Median Sale $



Oakville

$890,000

$872,750

+1.98%

Burlington

$688,500

$662,000

+4.00%



                                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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