Oakville Homes:
As we step into June 2023, Oakville showcases its captivating charm and promising prospects as a desirable residential destination. With its picturesque surroundings, vibrant community, and diverse housing options, Oakville continues to be an attractive choice for homeowners and investors alike.
August 2023 outlook:
Oakville home prices drop 1.6 per cent to $1.55 million (July 2023)
Oakville offers a wide range of homes, catering to various preferences and lifestyles. From cozy townhouses to luxurious detached houses, the town provides a diverse selection of properties to suit different needs.
The Toronto Regional Real Estate Board reported that in May 2023, the average cost of a home in Oakville was $1.55 million. That represents a decrease of 1.6%, or $25,851, from April 2023 but an increase of 3.9%, or $58,333, from May 2022.
At the end of May, Oakville had 478 active listings and 327 home sales, with an average of 14 days on the market. In comparison to a year ago, sales were up 26.3% while active listings were down 8.3%.
The average price of detached homes was $2.08 million, up 7.7% or $149,511 year over year and 2.7% or $55,552 month over month. 166 detached homes were sold, with an average of nine days spent on the market.
The average price of semi-detached homes was $1.28 million, up 7.3% or $87,112 a month over month but down 1.3% or $17,442 a year over year. At the conclusion of the month, there were three active listings, 12 semi-detached house transactions, and an average of seven days on the market.
The average price of attached homes was $1.26 million, down 5.2% or $69,186 from month to month but up 50.4% or $421,682 from year to year. At the conclusion of the month, there were 44 active listings and 52 attached house sales, with an average of 11 days on the market.
Homes:
July brings its own set of trends and dynamics to the Oakville housing market. Here are a few notable housesr:
338 Ashbury Rd ($1,999,000)
PROPERTY DESCRIPTION:
It is located on 338 Ashbury Road in the Bronte East community of Oakville! With over 4600 sqft of living space, this house has 4+3 bedrooms & 6 washrooms. When you entered the house you are welcome by the open entrance with Grand Oak staircase & iron spindles. The gourmet kitchen includes granite countertops, large kitchen island, stainless steel appliances, & pantry. The kitchen opens nicely into the breakfast area and family room with a gas fireplace and an 18Ft ceiling. The main floor also has 3 washrooms. On the upper level, there are 4 bedrooms with ensuites and two separate walk-outs to the expansive rooftop terrace. The basement includes a separate side entrance and 3 bedrooms with full-size windows, closets, washrooms, and 2 kitchens. It is a safe neighborhood, close to the lake, shopping, schools, restaurants, transit & more!
2479 Meadowridge Dr ($2,999,000)
PROPERTY DESCRIPTION:
This house was recently updated. It has nearly 5,500 sf of living area and an ideal layout for small family and extravagant entertaining. This house has magnificent curb appeal where the patterned concrete driveway compliments the brick facade and natural tones of the stone. The elegant trim work in the foyer sets make this house more attractive. Rich hardwood floors bring warmth throughout the home along with new light fixtures. The formal living room is on the front of the home – perfect for get-togethers. An open concept great room and kitchen on the back of the home; graced by large windows and a patio door leading to the large deck and ravine beyond. The renovated kitchen has custom vent hood, sophisticated cabinetry, and high-end appliances (Wolf, Subzero, Bosch).
