Bill   Keay

Bill Keay

Sales Representative, B.Comm, SRES, CNE, ABR®

RE/MAX Aboutowne Realty Corp. , Brokerage *

Mobile:
647-984-2455
Office:
905-842-7000
Email Me

2021 Market Outlook for Oakville, Ontario

The Re/max 2021 Market Outlook Report was recently released and the estimated 2021 Average Residential Sales Price is expected to go up 5%.  The Average Sale Price is estimated to be $1,227,941 and that is up from $1,169,468.  Why are Average Sale prices going up during a pandemic?  Interest rates are very low and affordable for buyers.  Despite Covid-19 there was not much change in Buyer sentiments about purchasing a home.  Second, there is very low inventory of homes for sale.  

Move-up homebuyers are driving the market.  Condominiums and 2-storey detached homes remain very popular with Buyers.  Did you know the hottest Neighbourhoods in Oakville are: Glen Abbey, River Oaks and South East Oakville.  

Currently in Oakville it is a Seller's market, but that may change towards a balanced market. 

If you have any questions about the real estate market in your neighbourhood please call or text me at 647-984-2455 or email at bmkeay@rogers.com.  

Posted by Bill Keay

Jackie Peifer Team

 

 

 

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