Oakville Real Estate Update – Wedgewood Creek
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Saturday, May 12, 2012 - Oakville Ontario News
For the past year Wedgewood Creek residential real estate prices have climbed significantly. The area is experiencing low inventory causing a seller's market, especially when it is combined with low interest rates and a growing economy.
The area's amenities continue to expand with new parks, restaurants, retailers, and coffee houses. As the north west corner of Trafalgar and Dundas starts to develop the new housing prices will continue to make Wedgewood Creek's real estate prices rise.
Currently, the average price of a townhome (condo or freehold) in Wedgewood Creek is $409,000 and is taking on average 22 days to sell. The highest price paid for a Wedgewood Creek town home was $590,000 and the lowest price paid was $302,000, taking as long as 122 days on market and as little as 2.