By: Angie Tsopela McKinnon

April 2014 Market Report

Tags: market updates


NEWS RELEASE
 
For Immediate Release
 
NO APRIL SHOWERS FOR OAKVILLE, MILTON PROPERTY SALES
 
Oakville, ON, May 2, 2014 – According to figures released today by The Oakville, Milton and
District Real Estate Board (OMDREB), the number of all property sales increased by 3.2 per
cent in April compared to the same period in 2013. Monthly property sales totaled 874
compared to 847 in April 2013.
 
"Residential sale prices in Milton and Oakville climbed substantially in April 2014," said Jack
McCrudden, President of OMDREB. "It was a busy month for our Members and these numbers
reflect their hard work and the ultra-competitive marketplace."
 
The dollar volume of all property sales processed through the OMDREB MLS® system
increased in April 2014 to $514,432,312 from $438,298,597 in April 2013 – an increase of 17.4
per cent.
 
Oakville’s median sale price for the month of April was $722,000, an increase of 17.6 per cent
compared to April 2013. The median sale price in Milton was $468,000, an increase of 5.6 per
cent compared to the same time last year.
 
About The Oakville, Milton and District Real Estate Board (OMDREB)
The Oakville, Milton and District Real Estate Board represents over 1,500 REALTORS® who
serve the communities of Oakville, Milton, Halton Hills and the surrounding areas. OMDREB
serves its members through a variety of support and services, including professional
development, technology and advocacy.
Established in 1954, the Board also champions shelter-based charitable endeavours that are
important to the local communities in which its members work and serve. For more information
about OMDREB, please visit www.omdreb.on.ca.
Media Contacts
Jack McCrudden, President, OMDREB, 905-878-7777
Dionne Galan, Manager of Communications, OMDREB, 905-844-6491 ext. 113
*The total sales are comprised of all sales by OMDREB Members, regardless of jurisdiction.
**Total dollar volume of sales reflects "all property types" including residential, condominiums,
commercial property, farmland and sale of businesses.
 
 
 
 
 
 
 
OMDREB April 2014 Sales Results
 
RESIDENTIAL ONLY SALES ACCORDING TO DISTRICT
 
Milton Residential Type Units Sold by Type
 
Detached  68    
Semi/Link/Townhouse  53    
Condo Apartment/TH  18   
 
Oakville Residential Type Units Sold by Type
Detached  222   
Semi/Link/Townhouse 56   
Condo Apartment/TH 44   
 
2014 Compared to 2013
 
Milton April 2014 April 2013 % Change
No. of Residential Sales          139           139          0.00%
Average
1
 Sale Price $499,642  $467,664          6.84%
Median
2
 Sale Price $468,000   $443,000          5.64%
    
Milton YTD 2014 YTD 2013 % Change
No. of Residential Sales          368         421       -12.59%
Average
1
 Sale Price $474,186  $455,399          4.13%
Median
2
 Sale Price $448,000 $432,000          3.70%
    
    
Oakville April 2014 April 2013 % Change
No. of Residential Sales          319          304          4.93%
Average
1
 Sale Price $833,125 $741,359        12.38%
Median
2
 Sale Price $722,000 $614,000        17.59%
    
Oakville YTD 2014 YTD 2013 % Change
No. of Residential Sales          949          883          7.47%
Average
1
 Sale Price $804,323 $748,528          7.45%
Median
2
 Sale Price $690,000 $625,000        10.40%
 
1
The average home price is found by adding the value of all sales and dividing by the number of homes.
2
The median sale price is the midpoint of all sales.
 
 
The information provided herein is deemed accurate but not guaranteed.
Source: The Oakville, Milton and District Real Estate Board    www.omdreb.on.ca
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