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Oakville Real Estate Report July 2022
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OAKVILLE REAL ESTATE REPORT RECENT MARKET ADJUSTMENTS ARE NOT CAUSE FOR ALARM
July 2022
Royal LePage Real Estate Services Ltd., Brokerage
Oakville Average Resale Prices 2020 2021 2022 All property types
Market Insights All property types
May 2021
May 2022
410 Homes Sold
259 Homes Sold
-36.8%
$1,495,926
$1,476,467 Average Resale Price
$1,495,926 Average Resale Price
1.3%
Scan to contact us for a free home evaluation FREE HOME EVALUATION Scan here to find out what your home is worth!
An agent is ready to connect with you 24/7 at dancooper.com via LiveChat
Recently Sold!
SOLD
SOLD
SOLD
SOLD
LIST: $1,149,900
LIST: $1,698,800
LIST: $2,899,000
LIST: $1,299,000
Gelorchy
River Oaks
Fairway Hills
West Bronte
hello @ dancooper.com 289.813.7280 dancooper.com
Royal LePage Real Estate Services Ltd., Brokerage
Recent Market Adjustments Are Not Cause For Alarm It’s no secret that the GTA Real Estate Market has seen explosive growth over the past two years, due in part to exceptional circumstances such as the pandemic and historically low interest rates. The recent market adjustments are not cause for alarm and may actually offer a window of opportunity. For buyers there’s an opportunity to take advantage of more negotiating power for some properties. Those who are locked into pre-approved interest rates will be eager to close before those rates expire. ‘’After a strong start to the year, the current rate tightening cycle has changed market dynamics, with many potential home buyers putting their purchase on hold. This has led to more balance in the market, providing buyers with more negotiating power,’’ said TRREB Chief Market Analyst Jason Mercer. For sellers, pricing is key. A trusted advisor is essential to support you through these market adjustments. What we are seeing in today’s real estate scene isn’t new and current market patterns are similar to what transpired in 2017. We witnessed the market slow down for a bit, but it remained resilient and continued to increase over time. Now, and in the coming months, strategy will be crucial. We at the Dan Cooper Group have the experience, knowledge, and resources to help you navigate the current and coming market. In over 30 years of service, there’s nothing we haven’t seen before - Give us a call!
May 2022 Stats
SALES AVG PRICE
Detached
134
$1,929,573 $1,297,250 $1,260,141 $831,938 $836,470
Semi-Detached
6
Townhouse
49 45 22
Condo Apartment Condo Townhouse
LISTED Currently For Sale!
LISTED
LISTED
LISTED
LIST: $6,750,000
LIST: $1,888,000
LIST: $1,449,000
LIST: $659,900
Old Oakville
Iroqouis Ridge South
Bronte West
West Oak Trails
You are just one call away from receiving the very best in Oakville real estate services. Simply scan the QR code to speak with one of our trusted Oakville advisors. Scan QR Code to call us today > Let’s Talk!
289.813.7280 dancooper.com [email protected] @ dancoopergroup
600+
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Statistics provided by the Toronto Regional Real Estate Board and the Oakville, Milton & District Real Estate Board, REALTORS ® Association of Hamilton-Burlington. istics provided by the Toronto Regional Real Estate Board and the Oakville Milton & District Real Est