NEWS RELEASE
For Immediate Release
NUMBER OF PROPERTY SALES DIP,
RESIDENTIAL SALE PRICES CLIMB IN JUNE
Oakville, ON, July 7, 2014 – According to figures released today by The Oakville, Milton and
District Real Estate Board (OMDREB), the number of all property sales decreased by 3.2 per
cent in June compared to the same period in 2013. Monthly property sales totaled 844
compared to 872 in June 2013.
“With the number of new listings up over eight per cent in June and five per cent overall in 2014,
there is a lot of choice for buyers in the market,” said Jack McCrudden, President of OMDREB.
“Milton continued to experience sales growth while Oakville remained at a premium sale price.”
The dollar volume of all property sales processed through the OMDREB MLS® system
increased in June 2014 to $479,445,007 from $442,598,128 in June 2013 – an increase of 8.3
per cent.
Oakville’s median sale price for the month of June was $699,000, an increase of 8.1 per cent
compared to June 2013. The median sale price in Milton was $447,500, an increase of 2.1 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
Von Jeppesen, Communications Specialist, OMDREB, 905-844-6491 ext. 101
*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 June 2014 Sales Results
RESIDENTIAL ONLY SALES ACCORDING TO DISTRICT
Milton Residential Type Units Sold by Type
Detached 54
Semi/Link/Townhouse 43
Condo Apartment/TH 18
Oakville Residential Type Units Sold by Type
Detached 197
Semi/Link/Townhouse 53
Condo Apartment/TH 42
2014 Compared to 2013
Milton
June 2014
June 2013
% Change
No. of Residential Sales
115
125
-8.00%
Average1 Sale Price
$480,286
$463,683
3.58%
Median2 Sale Price
$447,500
$438,500
2.05%
Milton
YTD 2014
YTD 2013
% Change
No. of Residential Sales
647
671
-3.58%
Average1 Sale Price
$479,243
$456,299
5.03%
Median2 Sale Price
$450,000
$434,000
3.69%
Oakville
June 2014
June 2013
% Change
No. of Residential Sales
291
302
-3.64%
Average1 Sale Price
$802,854
$737,407
8.88%
Median2 Sale Price
$699,000
$646,750
8.08%
Oakville
YTD 2014
YTD 2013
% Change
No. of Residential Sales
1639
1531
7.05%
Average1 Sale Price
$812,948
$753,629
7.87%
Median2 Sale Price
$695,000
$631,000
10.14%
1The average home price is found by adding the value of all sales and dividing by the number of homes.
2The 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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