Oakville Real Estate Statistics

Oakville Real Estate Price Trend
Oakville real estate average sold price in the last 30 days (December 23 - January 21) was $1,407,600, which is $2,375,233 (168.7 %) lower than the average price of $3,782,833 in the previous 30 day period (November 23 - December 22), and $89,761 (6.4 %) up from the same period 1 year ago ($1,317,839). Oakville real estate prices over the last 30 days are also $208,615 (14.8 %) lower than the average selling price of $1,616,215 over the past year.
Oakville average sold price for homes was $1,982,666 in the last 30 days (December 23 - January 21), which is $1,825,521 (92.1 %) down from the average home price of $3,808,187 in the previous 30 day period (November 23 - December 22), and $215,248 (10.9 %) higher than the same period 1 year ago ($1,767,418). In the last 30 days Oakville the average home price was $52,624 (2.7 %) lower than the average selling price of $2,035,290 over the last 12 months.
Average Oakville condo sold price over the last 30 days (December 23 - January 21) was $545,000. During this period it was $3,035,000 (556.9 %) down from the average price of condo of $3,580,000 during the previous 30 days (November 23 - December 22), and $24,840 (4.6 %) lower compared to the same period 1 year ago ($569,840). In the last 30 days Oakville the average condo price was $135,375 (24.8 %) lower than the average selling price of $680,375 over the last year.
Sold Price Above/Below Asking ($)
Average selling price for Oakville real estate was $1,407,600 in the last 30 days (December 23 - January 21), which is collectively $15,840 (0.9 %) higher than the average asking price of $1,673,544. This represents a decline of $20,230 (56.1 %) compared to $36,070 (2.4 %) Sold-Over-Asking price from the previous 30 day period (November 23 - December 22).
The maximum Sold Over/Under Asking ratio in Oakville during the last 12 months was recorded in February, 2021 with an average of $84,984 over the asking price, while the minimum occurring in November, 2021 with $31,437 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Oakville was 3.5 % with 5 properties sold and 183 new properties listed in the past 30 days (December 23 - January 21). This represents a decrease from 4.9 % recorded during the previous 30 day period (November 23 - December 22), and a decrease from 134.5 % compared to the same period one year ago.
Over the the last year the highest SNLR in Oakville was 135.6 % recorded in July and the lowest was in December at 4.5 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 5 properties that were successfully sold in Oakville in the last 30 days (December 23 - January 21) was 61 days, which is 11 days less than 72 days average in the previous 30 day period (November 23 - December 22) and 30 days longer than during the same period a year ago (31 days).
There were 11 delisted properties in Oakville, those that got either Expired, Suspended or Terminated over the last 30 days (December 23 - January 21) with an average of 189 days on the market. This is 86 days longer than the average of 103 days during the previous 30 day period (November 23 - December 22) and 122 days more compared to the same period last year average of 67 days on the market.
11 Oakville properties that didn't sell stayed on the market 209.8 % longer than 5 that sucessfully sold over the last 30 days - 61 days when sold vs 189 days when delisted respectively.
Average Days on the Market in Oakville over the past 12 months for properties that have sold was 21.1 days, with 47.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
144 new properties were listed on the market in Oakville in the last 30 days (December 23 - January 21). During the same time 5 properties were sold and 11 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 128 properties (or 88.9 %).
During the previous 30 day period (November 23 - December 22) there were 183 new properties listed, 9 sold and 10 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 712 new properties listed, the slowest - December with 134 new listings and a yearly average of 400 new listings per month.
New Real Estate Listings by Property Type
There were a total of 86 homes listed during the last 30 days (December 23 - January 21), which is 59.7 % of all properties listed in Oakville. This is a 8.5 % decline compared with a previous 30 day period (November 23 - December 22) and 24.6 % down from the same period a year ago. Over the past year an average of 238 homes are were listed per month.
16 condo units were listed in the last 30 days (December 23 - January 21) in Oakville, which represents 11.1 % of all new listings. This is down 51.5 % from the prior 30 day period (November 23 - December 22) and 61.0 % less compared to the same period last year. There were 58 condos listed per month on average during the last 12 months.
42 townhomes were listed over the last 30 days (December 23 - January 21) in Oakville, which is 29.2 % of all new real estate inventory. This is a 25.0 % less than during the previous 30 day period (November 23 - December 22) and 0.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 105 a month.
Real Estate Sales by Property Type
There were a total of 3 homes sold during the last 30 days (December 23 - January 21), which is 60.0 % of all properties sold in Oakville. This is a 62.5 % decline compared with a previous 30 day period (November 23 - December 22) and 98.0 % down from the same period a year ago. Over the past year an average of 212 homes are were sold per month.
2 condo units were sold in the last 30 days (December 23 - January 21) in Oakville, which represents 40.0 % of all sold properties. This is up 100.0 % from the prior 30 day period (November 23 - December 22) and 95.6 % less compared to the same period last year. There were 53 condos sold per month on average during the last 12 months.
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