Fairly typical for the fall, Oakville’s Real Estate market is becoming a buyer’s market. Sellers who would have been insulted by low offers, or several major conditions are more than happy to consider them now. This is to the point of seller’s accepting offers with the condition of buyers being able to sell their properties (10% of conditional accepted offers). Realtor’s are being more and more careful with almost a standard condition of the buyer’s being able to secure financing (50% of accepted conditional offers). This is a huge about face on the part of the sellers.
Here are October 9 to 15th Oakville Real Estate statistics:
| Price Range | Listed | Sold | Available | Conditional |
|---|---|---|---|---|
| Lease | 26 | 9 | 113 | 0 |
| $100K-$500K | 42 | 28 | 225 | 15 |
| $500K – $1M | 39 | 9 | 281 | 17 |
| $1M – $2M | 18 | 0 | 124 | 4 |
| $2M plus | 4 | 0 | 79 | 0 |
| Total | 129 | 46 | 812 | 36 |
The addition to this week’s statistics are the number of conditional offers which have been accepted. A buyer’s condition is an action that must be fulfilled or waived by the buyer in order for the offer to purchase to become firm.
Happy Halloween!
One of the largest retail times next to Christmas is Halloween. So if you’re selling consider doing tasteful Halloween decorations, such as a professionally carved pumpkin. Though, most of us love home made decorations; however, during a listing is not the time to show buyers your children’s work. Also consider the type of Oakville property you are selling. If you are in a family friendly neighborhood Halloween fun is expected. On the other hand, in a condo you might want to consider toning it down to just something small. Talk to your realtor or stager if your not sure. They’ll have a good sense.
Tags: Buyers, Conditional Offers, Financing, Halloween, Sellers
About the author: Nolan Machan
Nolan Machan is a dedicated Oakville residential realtor, who has a healthy roster of happy buyers and sellers. He is passionate about meeting the needs of his clients using his depth of Oakville knowledge, and years of marketing and negotiating skill.
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