Oakville & Milton Real Estate Recap: June 2010

While the spring of 2010 marked a record number of transactions, the month of June showed a decrease in the number of real estate transactions (over 2009). Prices, however, remain significantly higher than those recorded in June 2009. According to The Oakville, Milton & District Real Estate Board, “For the month of June 2010… total sales transactions were 800, a decrease of 27 percent over June 2009. Overall, year to date, total sales transactions are still ahead of 2009 transactions by 547 sales, which is a 12 percent increase.” Further, OMDREB states that the number of properties listed in June 2010 is 6 percent greater than the number listed in 2009.

A Spring buying rush was encouraged by the introduction of the new HST as well as speculation regarding rising interest rates. As such, buyers (and vendors) who may have traditionally waited until later in the year were encouraged to close sales before June 30.

Oakville June 2010
Average House Price: $616,907
Median House Price: $495,000

Milton June 2010
Average House Price: $397,199
Median House Price: $365,500

This informtion is courtery of The Oakville, Milton and District Real Estate Board.

If you have any questions or would like to discuss how this information will impact your decision to buy or sell, please feel free to contact me at rdavison@trebnet.com or 905-845-2200.

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Published in: on July 16, 2010 at 9:41 am  Leave a Comment  

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