As a result, many properties — including this brand-new Oakville townhouse — were sold well below their listing prices.
The four-bedroom, four-bathroom home was originally sold in September 2023 for just over $1.5 million. Less than a year later in May 2024, the home was re-listed for $1.35 million, but owners failed to finalize a sale. Last September, ONLY 10 MONTHS AGO, buyers offer up $1k over asking for this Oakville townhome ONE DAY after it was listed. 📈…Finally, the home was listed for $1.19 million in June, and eventually sold under its listing price for $1.185 million in July — representing a massive loss of $316,000 when compared to its price just a year earlier.
GTA REALTORS reported 6,213 home sales through TRREB's MLS System in June 2024 – a 16.4 per cent decline compared to 7,429 sales reported in June 2023.