1375 Ferncrest Rd, Oakville, ON, List $2,699,900, Sold $2,700,000, Sold 24 days from the date of inclusion on Homes.pk. 4 Bed, 4 Bath,3500–5001 sqft
Sold by W8055072 • re/max hallmark alliance realty,
Oakville Detached Stats
In February 2024, the average home price in Oakville stood at $1.58 million, as reported by the Toronto Regional Real Estate Board. This marks an increase of 8.5% or $123,729 from January 2024, and a 0.7% uptick or $10,487 compared to February 2023.
During the month, there were 214 home sales, with properties spending an average of 26 days on the market. At the month’s close, there were 438 active listings. This represents a 20.9% increase in sales and a 9.8% rise in active listings compared to the previous year.
Detached houses saw a notable increase, averaging $2.21 million, up 10.2% or $204,697 month-over-month and 15% or $287,784 year-over-year. There were 110 detached house sales with an average market time of 27 days, and 214 active listings by month-end.
Semi-detached houses also experienced an upturn, averaging $1.23 million, reflecting a 10.2% increase or $113,107 month-over-month, and a 2% rise or $23,669 year-over-year. There were seven semi-detached house sales, with an average market time of 11 days, and five active listings by month-end.
Attached houses, on the other hand, averaged $1.21 million, showing a 1.9% increase or $22,767 month-over-month, but a slight 0.4% decrease or $5,239 year-over-year. There were 34 attached house sales, with an average market time of 14 days, and 36 active listings by month-end.
Townhouse-style condos experienced a dip, averaging $774,305, down 4% or $32,053 month-over-month, and 4.1% or $33,362 year-over-year. There were 21 townhouse-style condo sales, with an average market time of 30 days, and 32 active listings by month-end.
Similarly, apartment-style condos also saw a decrease, averaging $658,515, down 8.1% or $58,180 month-over-month, and 43.2% or $500,435 year-over-year. There were 41 apartment-style condo sales, with an average market time of 34 days, and 150 active listings by month-end.
Comparing to February 2014, the average sale price for all houses and condos in Oakville has surged by 105%, with detached houses leading the way with a gain of $1.29 million, followed by semi-detached houses with a $736,546 gain, attached houses with a $648,170 gain, townhouse-style condos with a $340,445 gain, and apartment-style condos with a $316,986 gain.