Luxury waterfront property in Oakville ! | Page 15 | FerrariChat

Luxury waterfront property in Oakville !

Discussion in 'Canada' started by MS250, Sep 25, 2015.

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  1. 412monzaindy

    412monzaindy Formula Junior

    Mar 8, 2005
    876
    Ontario Canada
    Full Name:
    PBI
    I listed my home in Old Oakville, 2 streets south of Lakeshore. Sold in 6 .5 weeks at just over 95% of asking.
    Just under 3m.
     
  2. Fave

    Fave F1 Rookie

    Aug 12, 2010
    4,157
    Tarana
    Full Name:
    L. Ike Hunt
    Congrats. 6.5 weeks, I'm seeing houses sitting going on 3 months now and prices slowly dropping. What a difference from last winter.
     
  3. 412monzaindy

    412monzaindy Formula Junior

    Mar 8, 2005
    876
    Ontario Canada
    Full Name:
    PBI
    My agent was George Niblock. He said that there is a lack of inventory in that price range, in Old Oakville. The average gain per year is 14%.
     
  4. MS250

    MS250 Two Time F1 World Champ
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    Dec 10, 2003
    26,123
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  5. 412monzaindy

    412monzaindy Formula Junior

    Mar 8, 2005
    876
    Ontario Canada
    Full Name:
    PBI
    It is my understanding that certain areas of Oakville have a short supply of inventory. The gain average in east Oakville was 14%
    Old Oakville was 8%. Typical is 5%.
     
  6. isaydingdong

    isaydingdong Formula Junior

    Apr 18, 2014
    285
    ny
    Full Name:
    Sy Sperling
    The market is still strong, location, location, location
     
  7. MS250

    MS250 Two Time F1 World Champ
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    Dec 10, 2003
    26,123
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    Well, the numbers are just out.

    Nov 2017 sales up over Oct 2017 , but as expected, sharp drop compared to Nov 2016.

    We have another 5 months of this as last year at this time we had record breaking everything.

    Let's see how the new regulation will impact everyone in the coming months. We are in a more balanced market for sure, now is a.mucb better time to buy or trade up or down compared to last year.

    http://www.trebhome.com/market_news/release_market_updates/news2017/nr_market_watch_1117.htm
     
  8. max930

    max930 Two Time F1 World Champ
    Silver Subscribed

    Apr 16, 2017
    20,025
    vancouver
    If the US goes 08 or even 1987 again. Canada this time is in a very bad position on the pole. More so in Vancouver. My street has some older farm houses with retired old people living there. Someone bought one of these houses on five acres. Tore down the farm house. Put a manufactured home on the property. They paid $195k last year and sold it by August for $1.25 million. Now my street is reassessing property values for tax. Suddenly these old houses are assessed at $1million now and doubled the tax bill on these seniors. Canada is toast in how do people afford a $1million house on little too no income.
     
  9. Gmack

    Gmack Rookie

    Sep 10, 2017
    30
    The housing issues affecting Vancouver are not indicative of the rest of Canada.
     
  10. max930

    max930 Two Time F1 World Champ
    Silver Subscribed

    Apr 16, 2017
    20,025
    vancouver
    Its different but the same. As both have $1million average houses now and 0% down on low income. Recipe for disaster.
     
  11. FCat360

    FCat360 F1 World Champ

    Oct 17, 2014
    11,190
    Radical Purgatory
    Full Name:
    Lam, Blama Lam
    Since the thread is called Luxury Waterfront property in Oakville, I'm wondering if any property in Oakville is moving at all at this point.

    There are two units in our waterfront East Oakville condo (only condo on the water in East Oakville) and I don't think either has received an offer in more than 6 months of listing.
     
  12. tbakowsky

    tbakowsky F1 World Champ
    Consultant Professional Ferrari Technician

    Sep 18, 2002
    19,349
    The Cold North
    Full Name:
    Tom
    My brother works with Invidiata as an agent. Condos are pretty much a dead market at the momment. Homes in the 1 million range are still selling. Anything 3 million and over are sitting for longer periods compaired last year.
     
    of2worlds likes this.
  13. MS250

    MS250 Two Time F1 World Champ
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    Dec 10, 2003
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    #363 MS250, Feb 15, 2018
    Last edited: Feb 15, 2018
    Really? In 416 the average condo is a $1,000 a sq foot and selling .... one would think the waterfront along Oakville being around $800 a sq ft are selling.

    Does he say why the market is quiet? Where are the Oakville/ Burlington baby boomers with 4,000 sq ft homes going?

    Hot property on CP24 is doing nothing but promoting that condo sales are through the roof for 416/905
     
  14. FCat360

    FCat360 F1 World Champ

    Oct 17, 2014
    11,190
    Radical Purgatory
    Full Name:
    Lam, Blama Lam
    We are around $1400/sq ft.

    The two units for sale are $3.8mm and $3.7.mm

    One sold last summer for $4.5mm
     
    I.T. Guy and MS250 like this.
  15. tbakowsky

    tbakowsky F1 World Champ
    Consultant Professional Ferrari Technician

    Sep 18, 2002
    19,349
    The Cold North
    Full Name:
    Tom
    Cp24 is full of crap.
     
  16. I.T. Guy

    I.T. Guy F1 World Champ
    Rossa Subscribed

    Jul 17, 2004
    12,695
    Canada
    Full Name:
    Jason
    Waterfront still moving from my occasional glances to make sure I didn’t overpay. Also prices are up over last Oct when I closed
     

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