OAKVILLE REAL ESTATE NEWS for June 2018
OAKVILLE REAL ESTATE NEWS
Both Burlington and Oakville continue to be popular cities for homebuyers. In my previous post I discussed the market trends for the Burlington Real Estate market.
In this post I discuss the real estate market in Oakville.
COST OF HOMES IN OAKVILLE
For the month of June 2018 it was reported that the average cost of a home in Oakville was 1.1 million. The prices of detached homes have remained the same for the last three months with the exception of a one bedroom detached.
For example, a one bedroom detached in June 2018 were sold on average for 1.2 million whereas, three months ago they were at 1.3. million.
Interestingly, the prices of two bedroom and up to four bedroom for detached homes remained the same from three months ago. The price of a five bedroom detached home jumped to 2 million from 1.5 million a few months ago.
While Oakville continues to remain a hotspot the stagnation of prices may be attributed to the high cost of homes in Oakville.
OAKVILLE IS A POPULAR PLACE
Oakville remains a popular destination because of its affluent neighbourhoods, professional middle class population and trendy lifestyle. Moreover, a significant part of Oakville continues to work in downtown Toronto and the Go Transit makes it very easy.
The information above was retrieved from the following website: https://www.zolo.ca/oakville-real-estate/trends
If you’re looking for a Burlington Real Estate Lawyer or an Oakville Real Estate Lawyer call my office today.
IS THERE A REAL ESTATE LAWYER NEAR ME?
If you are buying a home or selling contact our office to speak with a real estate lawyer in Burlington.
I provide legal services in Burlington, Milton, Hamilton and Oakville.
My address is 901 Guelph Line, Burlington.
You can also call or text at 416-505-4901
anytime for a free consultation