Over the past year a total of 479 free-hold townhomes sold in Oakville. The typical property featured three bedrooms and two full bathrooms. The average free-hold townhome was listed for 21 days and sold for $421,000.
The least expensive free-hold townhome sold for $240,000. It featured four bedrooms and two full bathrooms, and was located in College Park. The most expensive free-hold townhome was located in Central Oakville and sold for $1,875,000-a price that bought the new owners an un-obstructed waterfront view, two bedrooms and three bathrooms, along with a spectacular open concept living/dining room.
Free-hold townhomes are more expensive then their condo counterparts, because the owners have full rights over the land and structure. Usually the more control the owner has over their property, the higher the value they are willing to pay.
Here are the statistics for Oakville Real Estate from December 3rd to 10th:
|Price Range||Listed||Sold||Conditional||De-Listed||Active Listings|
|$500K to $1M||17||12||6||16||221|
|$1M to $2M||7||2||0||4||100|
The Oakville Real Estate market is slowing down, new listings as well as sales are dropping to their seasonal level. Some sellers are deciding to take their properties off the market over the holiday season, which completely eliminates their ability to sell. I don’t believe that this is a logical thing to do, since the buyers out – while fewer – are especially serious. I had this same discussion with my current sellers, and advised them of the same thing. Removing their property from the market, eliminates any option to sell their property.