RE/MAX 2013 Luxury Home Sales Report for Oakville Ontario

By
Real Estate Agent with Re/Max Realty One Inc., Brokerage

Remax 2013 Luxury Home Sales Report for Oakville Ontario

 

Oakville is one of 905’s most desired communities with a long-standing tradition of high-end sales.  

RE/MAX has just released the following 2013 statistics for the prestigious Oakville market:  

Oakville Luxury Home Sales Report from RE/MAX, Sara Kareer
 

  • Oakville set new record for home sales over the $1.5 million price point in 2013
  • 156 luxury properties changed hands last year, up 19 per cent from the 131 sales reported in 2012

  • 350 million dollars in luxury real estate was sold in Oakville last year, with the most expensive property -- a fully renovated circa-1930 home situated on eight acres, including close to 800 ft. of waterfront -- sold for just under $10 million

  • The town’s priciest condominium, a luxury unit in the heart of Downtown Oakville, sold for $2 million

  • At present, there are just over 100 properties available for sale, including the highest-priced freehold property, a lake-front estate listed at nearly $16 million

 

  • The most expensive condominium has a sticker price of $6 million

  • The luxury market represents 5% of all units sold during the year, yet accounts for approximately 16 per cent of total dollar volume

  • Luxury sales in Oakville have experienced solid gains since 2008 when just 64 homes sold over $1.5 million -- an increase of 144 per cent.

The upward trajectory is expected to continue in the year ahead bolstered by an improving provincial economy and the benefits of location, location, and location.

 

If you're thinking of buying or selling a home in Oakville, call me for a confidential meeting. 

 

Posted by

Sara Kareer, RE/MAX Realty One Inc., Brokerage 

Sara Kareer.Real Estate

Sara Kareer, Realtor®  ASA
Your Key to Opening New Doors
RE/MAX Realty One Inc., Brokerage. Sara Kareer 

                             

 

Office: 905-277-0771 

Toll Free:  1-866-279-6638  

email me 


websites: www.sarakareer.com |

If you are thinking of Buying, Selling or Relocating to Mississauga, Brampton, Caledon, Oakville, Toronto, or Vaughan and need help from a professional REALTOR®, I would be happy to assist you! 

Please visit my website for property searches and to sign up for free listing alerts or a free Home Evaulation.

 

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Topic:
Real Estate Market Trends
Location:
Ontario Halton Region Oakville
Tags:
luxury homes and condos in oakville
remax luxury home sales report 2013 oakville

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