Blog  //  Oakville Real Estate and GTA Market Watch

Home » Blog » Oakville Real Estate and GTA Market Watch

We are officially in the midst of another strong spring market. The Toronto Real Estate Board released the March statistics today, and they showed that Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010. 'Oakville Real Estate Agents' reported 206 'Oakville Homes' sold during the same time.

"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types. The average price in the 'Oakville Real Estate' market was $619 483, up just over 20% from the average price of $514 169 reported in March 2010.

 "Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

04/05/2011 – The article was posted by Ryan Crane, an 'Oakville Real Estate agent' that specializes in the Milton, Mississauga, Burlington, and 'Oakville Real Estate' markets. Find him at www.oakvillerealestate4sale.ca.

Oakville Real Estate Agents website provides MLS tools that let you find all Oakville Homes for Sale and lets you access all Oakville MLS Listings plus the Sold Prices for Oakville Sold Homes.

Tags: Oakville Real Estate, Oakville Homes for Sale, Oakville MLS Listings, Oakville Real Estate Agents
 

Write a comment

Name:
Email:
Subject:
Comment: *

Help prevent spam - enter security code above: