Welcome to George Dlugosh Real Estate Sign in | Help
Sellers market continues!!

Nothing much has changed over the summer and into fall. Middle class dwellings continue to show tight inventory conditions in the areas studied namely Oakville Milton and Clarkson/Lorne Park areas. The lower the price range the tighter the conditions which doesn't surprise me given the low interest rate environment. A few people have mentioned to me that they see lots of "For Sale" signs on Lakeshore in Oakville and this is borne out on our chart. Luxury properties (1mm+) continue to underperform the rest of the categories as much higher inventory levels exist. Anyone purchasing a property here should be able to negotiate better terms given the more choices available. But if you want to buy a starter home under 400k, you had better act quickly if it is a new listing.

The table shows months of inventory on offer compared with previous months sales figures. 0-3 months inventory implies a tight sellers market, 3-6 months is considered more neutral, and 6months+ is considered a buyers' market. Feel free to call me to discuss further with no obligation George 905 823 0020

 

Price Range

Oakville

Milton

Clarkson/Lorne Park

200-399k

1.45

1.29

0.88

400-499k

1.79

1.29

2.40

500-749k

2.08

3.05

4.89

750-999k

3.12

No sales

4.17

1000-1999k

5.50

No sales

7.00

2000-2999k

54.0

No sales

11.0

3000k+

No sales

No sales

No sales

Posted: Saturday, October 29, 2011 10:54 AM by George Dlugosh

Comments

Anonymous comments are disabled