Oakville’s condo-townhome market over the past year saw a total of 218 homes sold. The typical unit was a two-storey with three bedrooms and two full bathrooms, most likely located in either Glen Abbey or River Oaks.
In the case of condo-townhome, the owner is responsible for the interior of their property. All exterior elements, from roofs to moving the lawn, are the responsibility of the condo-corporation. The owners pay the condo expenses monthly. A portion of the fees goes toward regular maintenance, and a separate portion is held over to look after major expenses, such as new driveways.
The average price paid for an Oakville condo-townhome was $327,000, and the average unit was listed 29 days before it sold. The least expense property sold for $151,000, and bought you a three-bedroom, one-bathroom, stacked town-home in Falgarwood that required a complete renovation. A top price paid of $880,000 was paid for the most expensive condo-townhome. That price bought you a three-storey property located in Bronte, boasting top-quality finishes and appliances, nine-foot ceilings, five bathrooms, and three bedrooms.
Oakville Real Estate’s statistics from November 26th to December 3rd are as follows:
| Price Range | Listed | Sold | Conditionly Sold | De-Listed | Total Active |
|---|---|---|---|---|---|
| Lease | 27 | 7 | 1 | 12 | 170 |
| $100K to $500K | 34 | 23 | 20 | 14 | 190 |
| $500K to $1M | 26 | 17 | 11 | 13 | 227 |
| $1M to $2M | 5 | 4 | 0 | 5 | 102 |
| $2M Plus | 6 | 1 | 2 | 6 | 76 |
| Total | 97 | 52 | 34 | 50 | 765 |
The first snow has fallen in Oakville, getting everyone into the holiday spirit. Remember: if your home is listed, keep the drive and walk-ways clear of ice and snow. Hire a contractor to keep it cleared if you aren’t able to keep on top of it. Much like a well kept lawn in the summer, your property’s maintenance is something that buyers take note of.
Also, always leave a light on by the front door, and entrance hall. It makes it easier for the realtor and buyers to make their way.
Tags: Bronte, Condo-Townhome, Falgarwood, glen abbey, river oaks
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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