www.OakvilleOntarioRealEstate.ca

Oakville Ontario Sales Statistics - November 2009

Wed, 16 Dec 2009 22:46:37 -0600

Home sales in Oakville, Ontario in November 2009 were up by a whopping 102 % over November 2008. Sales in November 2008 were lower due to the downturn in the market with Canada in the throes of an economic recession. Oakville's real estate market began to rebound in April of this year and it continues to be healthy. Certain price ranges in Oakville are low in inventory and many sellers are receiving multiple offers on their properties. Typically, new listings begin to appear on the market in January as well as listings that did not sell and were removed from the mls over the holiday season.

Economists are cautiously optimistic that most real estate markets in Canada will see improvement in 2010.

November Statistics in Oakville Ontario

Number of Sales November 2009 = 259

Number of Sales November 2008 = 128

The average sale price in November 2009 was $594,494. - up 10% from Nov. 08 average of $538,500.

The median sale price in November 2009 was $450,000. - up 11% from Nov. 08 median of $404,000.

Year To Date 2009 - The average sale price is $525,401.

Year To Date 2009 - The median sale price is $431,250

Year To Date 2009 - The average days on market is 40

For more information on what the market is doing in your Oakville neighbourhood, please contact me or visit my website at www.oakvilleontariorealestate.ca

If you are contemplating a move in 2010 please call for a Free Market Evaluation for your Oakville home.

Jenny Kotulak Broker - RE/MAX Aboutowne Realty Corp. Brokerage, Oakville, Ontario 905-842-7000

www.OakvilleOntarioRealEstate.ca

Oakville Ontario Sales Statistics - November 2009

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3. Aging systems and decor --- A home gets to a certain age when you must replace the roof, windows, furnace, air conditioner, kitchen, bathrooms, etc. Some people prefer to move to a new house before these large ticket items need replacing.

4. Purchase a new build-- In communities of large growth and development, new subdivisions offer homes with all the bells and whistles and the buyer gets to go shopping to pick out their upgrades, colours, etc.

5. New home build wasn't as expected --- Many people who buy from house plans and move in to the newly built homes find that when the fences go up, the lot sizes are too small, the driveways aren't big enough, there is too much vehicle congestion on the street and nowhere for children to play.

6. Change in family circumstances -- Family separation or divorce, blending of families, just married, mother-in-law moving in.

7. Retirement --- Time to choose an alternate lifestyle --- condos, moving to a warmer climate or to their recreational property, moving closer to their children.

8. Moving closer to elderly parents --- The younger generation is moving to be closer to their elderly parents to help care for them.

9. Seniors moving to retirement homes and nursing homes --- many have been in their homes for 40+ years. This is a large adjustment and requires much care and understanding from their REALTOR.

10. Health Reasons --- Another sector of people must move due to physical ailments. Knee or back problems can force the need to move from a two storey or split level home to a bungalow to reduce the number of stairs.

11. Neighbourhood changes --- Anticipating highway construction, new home or condo development, changes to school boundaries, are some reasons that people decide to leave a neighbourhood before the situations arise, often because they feel the value of their homes may decrease with these changes.

12. Commute to work --- Many people are relocating closer to their place of employment because of the long commute.

13. Corporate transfer --- Job relocations often take homeowners to a different province or out of the country.

15. Cashing out --- Some homeowners decide that the time is right for them to take advantage of the equity that is in their home and sell so that they can buy a motorhome and travel, purchase recreational property up north or abroad or just rent in the city..

16. Financial Stress ---Some homeowners must sell if they become unemployed or are finding the mortgage payments too difficult to make.

17. Difficult Neighbours --- Many people end up selling if they cannot get along with their neighbours. Often this is due to shared driveways, issues with children, pets, fences, etc.

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