Oakville Condos
Row homes and condominium homes make up the majority of Oakville’s housing stock. The majority of the homes in this community have three, four, or more bedrooms. About 80 percent of the homes in the community are owned by homeowners, with the remaining 20 percent being rented. Greater portion of the homes here are occupied by their owners that shows the affordability of homes in Oakville.
This community didn’t go through a singular building boom; rather, new homes were built in Oakville over the course of several decades in recent history.
Number of listings and average price
Oakville homes have 317 listings. Listings vary with the home styles and are primarily of three types, new listings, sold listings and active listings. Condominiums have 213 new listings, 48 sold listings and 229 active listings. Similarly, townhomes have 106 new listings, 57 sold listings and 60 active listings.
The average price for Oakville condos for sale in 2009 was $240,500. As of today, the average home sale price in Oakville is about $1,530,454 as indicated by a recent MLS Statistics. The city has 18 median days to sell a home in the real estate market. Like listings, average price also varies with the home styles. Condos have an average price of $855K while this price was $816K about three months ago. This is not a significant increase and still affordable as compared to other home styles in the city.
Similarly, townhomes have an average price of $1.1M while this price was $1.0M about three months ago. As far as detached homes are concerned, they have an average price of $2.0M while this price was $1.9M about three months ago.
Features and Amenities
A residential apartment that is owned individually in a building or complex of similar units is referred to as a condominium, or condo. Despite sharing shared areas, amenities, & other resources, condo owners own their individual units. They pay condominium fees, which go towards maintaining shared areas, providing amenities, and paying for maintenance.
Tenants have access to a variety of places to relax or have fun nearby, including bars, game rooms, libraries, function rooms, lounges and business lounges. Young professionals and families among other kinds of residents can gain from having easy access to these amenities.
Condos available within 550K
The city has many homes for sale within the above price range. A one bedroom and one bathroom condo of around 500 to 599 sq ft is for sale at 2485 TAUNTON RD, OAKVILLE, CANADA. This beautiful condominium home is for $575,000. Another 2 beds and 2 baths condo of around 700 to 799 sq ft is for sale at 55 SPEERS RD, OAKVILLE, CANADA. This beautiful condo is for $550,000. Another one bedroom and one bathroom home of 500 to 599 sq ft is for sale at 2430 OLD BLONTE RD, OAKVILLE, CANADA. This is only for $518,000.
Some more about Oakville
Condos in Oakville are very affordable. Almost 223 homes have been sold in the last 28 days. It is the 7th fastest growing city and 11th fastest selling city in Canada.
