Oakville Ontario
Time taken to sell a property
The time is not defined in order to sell a property but in most of the cases, property is sold with in one month in this city. How fast your property is sold depends upon terms and conditions. It is stated that the best time to sell your property in Oakville Ontario is fall and winter season but definitely, this time is not guaranteed as time varies from seller to seller and property to property.
Average prices for condos/townhomes/homes
Oakville offers detachable single-family houses on the median price of $400,000 approximately.
There are a number of townhouses and condos available at low price of almost $200,000. This
city contain all types of houses whether you are looking for a single-family house, a town house,
a detached house or a condo, you can get it in affordable price.
Are sellers getting close to asking price or over asking price?
Due to high competition in real estate market, most of the sellers don’t demand over price. Some sellers who provide extraordinary services seldom demand high price but there is a need to remain alert in this situation as their competitors can bid this for sake of their progress in market.
Number of days and offers required to sell property
According to a recent survey, property in the market of Oakville Ontario left only for 21 days before selling out. It depicts that you can sell your property only within three weeks. Moreover, Oakville housing data reveals that the median days of a house in market is 18 days. Number of offers required to sell property also varies and depends upon the market value of seller and property. If a seller has a number of buyers available, he can sell his property only by one offer. But in case of hard competition, sellers should provide multiple offers to attract more clients.
Growth of real estate market
The real estate market of Oakville is growing rapidly. Almost 596 new listings are observed in the housing market of Oakville only within a month. Oakville housing data depicts that the average price of a house is $1,077,398. The average sold price of this city in the housing market of Canada is approximately one million dollars. The growth is also observed in housing prices at rapid rate. The average monthly change in the price is 5.4% only. But on the whole, the average change in price is annually at 9.7%.
Active preconstruction developments
Oakville has a number of preconstruction developments working actively. Some developers are working on such huge projects which are expected to bump up the market value of this city. Dunpar Homes is the most active preconstruction development of this city. It is considered as best premier builder having unique architecture and design of houses. A number of built up houses of this company are on sale. Dunpar Homes has been working for 30 days in this region of premier building of house projects.
