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Oakville Real Estate Market Report: January 2025 vs. January 2024 Oakville Real Estate Market Overview The Oakville real estate market in January 2025 has seen notable shifts compared to the same period in 2024. While overall transaction volume has decreased, price trends have remained stable in some segments and softened in others. The median home price across all property types in Oakville for January 2025 was $1,248,500, slightly up from $1,235,000 in January 2024. A significant trend observed is the extended days on market (DOM) across different property categories, reflecting a slower pace of sales. The total dollar volume of transactions declined from $274M in January 2024 to $188M in January 2025, highlighting reduced market activity. Which Property Types are Performing Well in Oakville? Detached Homes: The average detached home price dropped from $2,093,646 in January 2024 to $1,918,856 in January 2025. The median price also declined from $1,799,950 to $1,628,000. Transaction volume decreased, indicating reduced buyer demand at higher price points. Freehold Townhomes: These have remained resilient, with median prices rising from $1,175,000 in 2024 to $1,225,000 in 2025. While sales volume slightly increased, the percentage of homes selling above the list price dropped significantly from 27.3% in 2024 to 5.7% in 2025, indicating a more balanced market. Condo Apartments: The condo market saw an increase in median prices from $575,000 in 2024 to $580,000 in 2025. The transaction volume dropped slightly, but condos saw an improvement in days on the market, suggesting stable buyer interest at this price point. Condo Townhomes: This segment experienced a median price drop from $790,000 in January 2024 to $690,000 in January 2025. Sales volume declined significantly, indicating weakened demand for this property type. Key Takeaways for Buyers and Sellers in Oakville, Ontario For Buyers: Where Are the Deals? Detached homes have seen price reductions, making this a favourable time for buyers looking for larger properties at a lower price point. Condo townhomes offer the most significant price drop, making them an attractive option for buyers seeking affordability. With homes staying on the market longer, buyers have more negotiating power and can secure properties with conditions that may not have been possible in a more competitive market. For Sellers: How to Stay Competitive? Pricing strategies need to be sharp and realistic. Overpricing in a slower market can lead to extended DOM and price reductions. Well-maintained and staged properties are selling faster. Investing in minor renovations and curb appeal can make a significant difference. Freehold townhomes remain strong; sellers in this category should leverage demand while remaining flexible on price negotiations. Condo townhome sellers may need to offer incentives, such as covering closing costs or including furnishings, to attract buyers. Oakville Real Estate Final Thoughts The Oakville market in January 2025 is characterized by softer prices and longer selling times compared to last year. Buyers have more negotiating power, while sellers must be strategic to stand out. If you’re considering buying, this may be an excellent time to secure a deal before conditions shift again. Sellers should work closely with an experienced Realtor to ensure optimal pricing and marketing strategies. Are you looking to buy or sell in Oakville? Let’s discuss your goals and craft a strategy to maximize your success. Contact me today for a consultation!    

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The first month of 2025 has set an intriguing tone for Burlington’s real estate market. With 141 transactions recorded across all property types, the market reflects a mix of stability and competitiveness. Whether you are considering buying or selling, understanding the trends in pricing, demand, and market dynamics can help you make informed decisions. Let’s break it down. Market Overview: Key Numbers Total Sales Volume: 141 transactions Average Sale Price: $1,113,925 Median Sale Price: $975,000 Average Days on Market: 46 days Sale Price to List Price Ratio (SP/LP): 98% Transactions Above List Price: 16.3% Total Dollar Volume: $157,063,400 For Buyers: What This Market Means for You If you’re looking to buy in Burlington, here’s what you need to know: Competition Remains in Play: While the average home is selling at 98% of the listing price, a notable 16.3% of sales closed above asking, indicating strong demand in select price ranges and property types. Segment-Specific Trends: Detached homes had a median price of $1.3 million, with townhouses and condo apartments sitting lower at $928,500 and $560,000, respectively. Buyers should consider which segment aligns with their budget and lifestyle needs. Longer Days on Market for Condos: With an average of 58 days on the market, condo apartments provide more breathing room for negotiations compared to detached homes, which averaged 40 days. Affordability Options: Condo apartments and condo townhouses remain viable entry points into the market, with sales ranging from $300,000 to $1.2 million. For Sellers: What to Expect in 2025 Pricing is Key: While homes are selling close to their listing price, buyers are price-sensitive. The average days on market (46 days) suggests that properly priced homes will sell within a reasonable timeframe, while overpriced listings may linger. Luxury Market Still Active: Homes above $2 million saw 11 sales, proving that demand for high-end properties remains steady in Burlington. Townhouses and Condos Need Strategic Selling: Given the longer time on market, condo sellers must highlight value, location benefits, and competitive pricing to attract serious buyers. Detached Homes Dominate Transactions: With 59 detached home sales making up 41.84% of the market, they remain the most sought-after property type, particularly those in the $1 million to $1.5 million range. Trends to Watch Rising Buyer Selectivity – As mortgage rates stabilize, buyers are becoming more cautious about pricing and value, leading to longer negotiations. Market Resilience in Mid-to-High Price Ranges – Sales between $900,000 and $1.5 million remain strong, reflecting Burlington’s continued appeal among move-up buyers. Increased Condo Interest – With affordability being a major factor, condos and townhouses are gaining traction, especially among first-time buyers and downsizers. Seasonal Market Trends – Historically, February and March see a rise in activity, making the next few months crucial for sellers to position their homes strategically. Final Thoughts Burlington’s real estate market continues to offer both opportunities and challenges for buyers and sellers. As a seasoned real estate broker with deep expertise in this market, I can help you navigate these dynamics with confidence. If you’re thinking of making a move, let’s connect and develop a strategy that aligns with your goals. Roshan Basnet | Real Broker Ontario Ltd., Brokerage ‘Keep What’s Yours!’ – 1% Listing Commission & 0.5% Buyer Rebate 📞 Contact Me Today 647.818.7373 to discuss your real estate goals in Burlington!       Roshan Basnet is a seasoned real estate broker with extensive experience in the Oakville and Burlington markets. Known for his personalized approach and deep market knowledge, Roshan is dedicated to helping clients make informed decisions and achieve their real estate goals. Whether buying or selling, working with Roshan means partnering with a trusted expert who ensures a smooth and successful real estate journey.  

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When is the Best Time to Buy or Sell a Home?   One of the most common questions I get from sellers is: “When is the best time to sell my house?” The second most common? “When is the best time to buy a home?” Most real estate agents respond with: "When you’re ready!" or "When there’s less competition!" Both answers are true, but let’s go deeper. As a real estate broker in Oakville and Burlington, Ontario, I rely on real market data to guide buyers and sellers to make strategic moves. If you’re considering buying or selling a home, understanding market trends can help you maximize your investment. What the Market Data Tells Us: Best Months to Buy or Sell Let’s analyze historical real estate trends over the past 20 years in Burlington and the GTA. 1. Sales Volume Trends Over 20 Years December is the slowest month for sales (except April 2020 due to COVID-19 uncertainty). March, April, and May are the busiest months for home sales. 2. Last 5 Years – Sales Volume in Burlington December sales are consistently low (111, 121, 126 homes sold). March, April, and May sales are 300% higher than December and January. 3. GTA Market Trends Toronto, Halton, and Peel Region follow the same pattern – December is slow, while March to May is the peak. 4. How Home Prices Fluctuate Lowest Median Sale Prices: December & January. Highest Median Sale Prices: March, April, and May. In Burlington, the median home price in Dec 2018 was $665K, while Dec 2024 was $925K. The peak of the market? February 2022, when median sale prices hit $1.3M due to record-low interest rates and high demand. Best Time to Buy a Home: December & January If you’re a buyer, the best time to purchase a home is December and January. Here’s why: 1. Seller Motivation is High Sellers listing in the winter are often more motivated due to: Job relocations Financial reasons The need to sell before spring More motivation = better negotiation opportunities. 2. Less Competition = More Buying Power Fewer buyers = fewer bidding wars. You can negotiate better terms, price reductions, and closing costs. 3. Lower Home Prices Historically, home prices dip in winter due to reduced demand. You could save thousands compared to spring and summer markets. 4. Faster Closing Times Fewer transactions in winter = quicker mortgage approvals, inspections, and closings. 5. Transparency in Home Conditions Buying in winter allows you to test insulation, heating, and overall home durability in extreme conditions. BONUS: Additional Seasonal Savings Moving companies offer discounted winter rates. Contractors & handymen are more available for renovations. Furniture & appliance stores run holiday sales. Thinking of buying? 📲 Contact me at RealtorRoshan.ca for the best winter deals! Best Time to Sell a Home: March to May If you’re a seller, spring is the best time to list your home. Here’s why: 1. Higher Buyer Demand More buyers enter the market before summer. Competition drives home prices up. 2. Favorable Weather Conditions Warmer days = more home showings and open houses. Curb appeal improves with blooming gardens & green lawns. 3. Emotional Appeal of Spring Homes feel more inviting with natural light and fresh landscaping. Buyers are emotionally motivated to act quickly. 4. Perfect Timing for Families Families want to move before the new school year starts. Many relocations and job transfers happen in spring. 5. Stronger Market Confidence Buyers feel more financially secure in spring. Economic conditions and consumer confidence tend to be higher. Seller Pro Tip: Prepare Early! Hire a Realtor in advance (6-8 months before listing). Take listing photos in summer or fall when the lawn is green. Declutter & stage your home to attract top-dollar offers. Thinking of selling? 📲 Get a FREE home evaluation today!  Final Thoughts: Timing the Market for Your Situation While market trends provide insights, the best time to buy or sell depends on your personal situation. Ask yourself: Why are you selling? Job relocation? Upsizing? Downsizing? What’s your timeline? Are you in a rush or flexible? What are your financial goals? Do you want to maximize your sale price or negotiate a great deal? 📊 The data shows that December & January are best for buyers, while March to May is ideal for sellers. But at the end of the day, the right timing is about what works best for you. Ready to make your move? Let’s chat! 📩 Contact me at 647-818-7373 or book a free consultation at RealtorRoshan.ca. 🚀 Don’t wait for the "perfect" time. Let’s make the market work for you!

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