The real estate in Oakville has seen a downward trend in 2008. Oakville is experiencing a 40% decrease in residential sales, which in turn is impacting the average price of homes in the area. In 2007, the number of residential sales was 304 - in 2008, that number is down to 181. The average price of real estate in Oakville fell 10% from %527,432 in 2007 to $474,300 in 2008.
Peter Tulloch, Oakville, Milton and Distric Real Estate Board President comments: "Sales in Oakville reflect the global economic situation. But, unlike what is happening in the United States, for the most part, Canadian home sellers are under no financial duress to sell. The fact is that right now the real estate market is adjustng itself and presenting more affordable choices to buyers".
If you are looking for real estate in Oakville, you can begin your search here and browse through hundreds of available homes. If you see anything of interest or you have any questions about the real estate market in Oakville, please do not hesitate to contact Diane Salman. If you do not find what you are looking for, then visit the Find Your Dream Home section. By filling-out the form, Oakville homes that match your criteria will be sent to you promptly. And for those who would like to know the current value of their home, please feel free to request an evaluation.
