Transitions-Oakville, Burlington and Mississauga Real Estate Blog

Bronte Real Estate Market Report, Oakville - February 2010

Situated in the south-west corner of Oakville, the historical Village of Bronte can be found. Bronte is one of Oakville's oldest inhabited regions.

Bronte began as a village on the mouth of 12 Mile Creek in 1834.
Over time it developed into a thriving small lakeside community boasting many fine lakeside estates, residential neighbourhoods, high-rise condos, marinas, schools and thriving businesses.

Although the Village of Bronte has amalgamated to become a part of the City of Oakville, it's small village atmosphere and charm remain.

The summer months bring thousands of tourists from all over the world to walk along it's historical streets and stroll through it's beautiful lakeside parks.

Bronte Outer Harbour Marina, one of the finest in the City of Oakville, is a destination for many traveling boaters and tourists in the summer months.

Award winning dining establisments, old fashioned ice cream parlours, unique shops, plazas and a mall, all make Bronte a shopper's paradise.

Bronte is the preferred community for many Oakville residents. Newcomers to the region quickly experience it's charms and often choose to relocate to this trendy and historical, lakeside community after a few years of living elsewhere in the area.

Bronte is in high demand for those looking to buy a home. It's not often that homes in Bronte come up for sale and when they do, they sell fairly quickly.

Property sales were very active for the month of February, this year, with 36 sales at an average sales price of $564,000 . This is quite a jump over the average sale price in February 2009 which was $479,000 . 

With a relative shortage of listings for sale in the Bronte area, now is an excellent time to sell.

Buyers who wish to live in the Bronte Area would be making an excellent investment when buying a home here.

View Bronte Village in City of Oakville in a larger map
To have a list of all townhouses, condominiums and detached homes currently available in the Bronte area of Oakville emailed to you
or to find out the market value of your Bronte home,
contact Jo-Anne Smith at 289-837-2132 or by email at  OakvilleAndBeyond@gmail.com

For regular updates on how the real estate market in Bronte, Oakville is doing, become a subscriber to this blog or to www.OakvilleAndBeyond.com .

Old Oakville Real Estate Market Report, Oakville, Ontario - February 2010

Oakville's oldest community, Old Oakville was the first area to be settled due to it's natural harbour at the mouth of Sixteen Mile Creek.
With the proximity to the harbour, early settlement flourished.

Today, Old Oakville encompasses the Old Oakville Heritage Conservation District, consisting of 162 residences that were built in the 19th century.
Using river and lake stone for the foundations, many of these homes have since been recognized with plaques near their entrances. The plaques indicate the original owner (and often the original owner's occupation) and the year in which the house was built.

Residents and tourists alike enjoy taking a stroll through the streets of Old Oakville to view these unique and beautiful heritage homes.

Old Oakville is also known as the Old Oakville Downtown Residential Area.
Oakville's main downtown core can be found here with many  theatres, excellent shopping and dining facilities, marinas and parks.
The Oakville Trafalgar Memorial Hospital is also found within the boundaries of Old Oakville.

Property sales were very active for the month of February, this year, with 11 sales at an average sales price of $818,309 . This is a bit of a rise over the average sale price in February 2009 which was $789,600 . 

Homes in Old Oakville are selling much quicker this year than in 2009 with an average time on the market of 46 days in the month of February 2010. It took an average of 59 days for a home to sell in February 2009.

With a relative shortage of listings for sale in the Old Oakville area, now is an excellent time to sell.

View Old Oakville, Oakville, Ontario in a larger map
Buyers who wish to live in the community of Old Oakville would be making an excellent investment when buying a home here.

To have a list of all townhouses, condominiums and detached homes currently available in the Old Oakville area of Oakville emailed to you
or to find out the market value of your Old Oakville home,
contact Jo-Anne Smith at 289-837-2132 or by email at  OakvilleAndBeyond@gmail.com

For regular updates on how the real estate market in Old Oakville, Oakville is doing, become a subscriber to this blog or to www.OakvilleAndBeyond.com .

Glen Abbey Real Estate Market Report, Oakville - February 2010

Glen Abbey, one of Oakville's most affluent neighbourhoods, is located in the west central part of the City of Oakville.
It is world reknowned for it's famous golf course, Glen Abbey.
Designed by Jack Niklaus, Glen Abbey Golf Course, with it's picturesque landscaping along Sixteen Mile Creek, hosts the Canadian Open.

The community of Glen Abbey was originally a large tract of farmland which began development in the early '80s.

Today Glen Abbey consists of a wide variety of residential homes, businesses, churches, schools and parks.
With it's amenities and extensive system of walking trails, it is one of Oakville's most desirable communities.

View Glen Abbey Community - Oakville in a large map

Property sales were very active for the month of February, this year, with 31 sales at an average sales price of $534,255 . This is quite a jump over the average sale price in February 2009 which was $305.050 . 

Homes in Glen Abbey are selling much quicker this year than in 2009 with an average time on the market of only 11 days in the month of February 2010. It took an average of 48 days for a home to sell in February 2009.

With a relative shortage of listings for sale in the Glen Abbey area, now is an excellent time to sell.

Buyers who wish to live in the Glen Abbey Community would be making an excellent investment when buying a home here.

To have a list of all townhouses, condominiums and detached homes currently available in the Glen Abbey area of Oakville emailed to you
or to find out the market value of your Glen Abbey home,
contact Jo-Anne Smith at 289-837-2132 or by email at  OakvilleAndBeyond@gmail.com

For regular updates on how the real estate market in Glen Abbey, Oakville is doing, become a subscriber to this blog or to www.OakvilleAndBeyond.com .

River Oaks Community in the City of Oakville is located in the north central region of Oakville.
It is a residential neighbourhood consisting of a wide variety of detached homes, freehold townhouses, condominium townhouses and apartments.
A family friendly neighbourhood, River Oaks boasts beautiful parks, forested areas and trails that wander along the many creeks.

Shopping and business facilities are numerous, as are schools and recreational facilities.

View River Oaks Community, Oakville, Ontario in a large map.

Property sales were very active for the month of February, this year, with 31 sales at an average sales price of $433,548 . This is quite a jump over the average sale price in February 2009 which was $362,532 . 

Homes in River Oaks are selling much quicker this year than in 2009 with an average time on the market of only 18 days in the month of February 2010. It took an average of 32 days for a home to sell in February 2009.

With a relative shortage of listings for sale in the River Oaks area, now is an excellent time to sell.

Buyers who wish to live in the River Oaks Community would be making an excellent investment when buying a home here.

To have a list of all townhouses and detached homes currently available in the River Oaks area of Oakville emailed to you
or to find out the market value of your River Oaks home,
contact Jo-Anne Smith at 289-837-2132 or by email at  OakvilleAndBeyond@gmail.com

Oakville Real Estate Market Report for 2009 Compared to 2008.

Real estate sales in Oakville, Ontario have steadily increased in 2009 when compared to the same months in 2008.

Oakville property sales started very low with 71% fewer sales in January 2009 than in January 2008.
The market picked up a bit as spring approached, however still showed a negative percentage difference from 2008 sales until May of 2009 when the number of sales reached 7.9 % higher than in 2008.
This was a reflection of growing consumer confidence coupled with low interest rates and relatively low home prices as compared to 2008.

As the year progressed, property prices only rose by a total of 3% over 2008.

The low prices held while interest rates reached the lowest they had been in over 40 years by the middle of 2009.

This drove the number of sales up and many buyers who had been previously waiting to purchase, decided to buy in 2009 before home prices began to rise much further.
We are presently in a Seller's market with a shortage of listings in Oakville over previous years. Numerous properties were getting multiple offers in the latter part of 2009.

The highest increase in sales was seen in the $450,000 - $599,999 range. In December 2008 there were only 8 sales in the $500,000 - $599,999 range while December 2009 showed 42 sales in this price range.

In December 2008 there were only 4 sales in the $450,000 - $499,999 range which increased significantly in December 2009 to 31 sales.

The highest increase in sales was seen in the $450,000 - $599,999 range. In December 2008 there were only 8 sales in the $500,000 - $599,999 range while December 2009 showed 42 sales in this price range.

In December 2008 there were only 4 sales in the $450,000 - $499,999 range which increased significantly in December 2009 to 31 sales.

If you live in the Oakville area and have been considering selling, now is an excellent time to put your property on the market.

For a no obligation, free, current market anaylysis of your home's value in today's seller's market along with recommendations that will help you prepare your home for sale, contact Jo-Anne Smith of Brekland Realty Group.

Jo-Anne offers competitive commission rates and the real estate fees may be negotiated to best meet your financial situation.

To find out the current market value of your property in Oakville or surrounding regions, call or email Jo-Anne Smith today!

©2009JoSmith

Benefits of Buying a Condominium in Burlington, Oakville or Mississauga.

More and more homebuyers are turning to the condominium lifestyle in
Canada today. Condominium ownership can appeal to both those leading a fast-paced lifestyle, as well as those who are retired and enjoying a slower pace. Condominium ownership comes with numerous benefits that help the homebuyer achieve a more comfortable and stress-free life.

• Affordability-Condominiums can often be purchased for a fraction of the cost of a standard residential home. This is an important factor that attracts both the single lifestyle, first-time buyers and those who are retired.
  
  
• Security and Personal Safety-Condominium complexes offer a closer knit community than a single family dwelling. For those who frequently travel or live alone, this can be an important factor when choosing a home.
  
  
• Organized Recreational and Social Activities- Many condominium complexes have recreational facilities for the condominium owners to use, as well as organized activities on a monthly basis. Having a pool or recreational centre with regular events serves to bring the community together and creates a comfortable and healthy lifestyle for those who live in the complex.
  
  
• Less Maintenance Required-Many condominiums offer outside maintenance and repairs as a part of the ownership package. For those who are gone over the winter months or unable to perform their own outside maintenance, knowing that the snow removal, grass cutting, roof repairs, etc is taken care of, can bring great peace of mind and a greater ability to enjoy life, as well as not having to worry over the expense of a costly outside repair like a new roof.
  
  
• Lower Insurance Costs-As a condominium owner (freehold condominium exception) you will be responsible for insuring your personal belongings, the interior of your unit and personal liability. The condominium corporation is responsible for the common ownership areas and exterior of the units.
  
  
• Investment Value-With the increase in the average age of the population and more and more retirees entering the buying market, the demand for condominiums continues to rise.
  Most areas in Ontario currently face a shortage of affordable and desirable condominiums and the value of the average condominium continues to steadily increase. Investors who saw the coming demand years ago, and purchased one or more condominiums, have realized a healthy return on their investments in recent years.
  
  
• Decreased Energy Costs-The majority of condominiums share outside walls in common with their neighbouring units and this serves to greatly decrease the amount of energy required to heat and cool each unit. In addition, many condominium complexes supply hot water to the individual units from a common source. This can greatly reduce your monthly electricity costs.
  
  
• Smaller Footprint upon the Earth-With condominium owners sharing the common areas, a greater number of homes can be placed on a lot in a condominium complex than in a corresponding number of single family dwellings in a typical subdivision.
  
  
• Lower Property Taxes-Municipal taxes for a condominium unit are comparably lower than taxes for a detached single family home.

Buying a condominium is a wise decision and having a real estate sales representative who understands and is knowledgeable about the condominium buying process and what to watch out for, can bring a smooth and enjoyable buying experience that you will remember with pleasure.

As a License
d Real Estate Sales Representative in Oakville, Ontario, I have extensive education and experience in the condomium buying process and can guide you through the viewing and buying process.

To receive a book on Buying A Condominium at no cost or obligation to you,   contact me at OakvilleandBeyond@gmail.com or 289-837-2132.