PHOTOS: Most expensive homes available in Oakville, Burlington, Milton, Halton Hills
The shortage in housing supply has resulted in extremely tight market conditions, however demand for ownership housing remained very strong in Oakville, Burlington, Milton and Halton Hills.
According to the Toronto Region Real Estate Board, today’s extremely low inventory levels are constraining the number of sales that can take place in all GTA marketplaces, including Halton. In short, it’s firm sellers’ market.
These tight inventory conditions are contributing to creating a very competitive marketplace for buyers with strong price appreciation.
Halton Region has one of the highest price points of any GTA market, with an average price tag of $1.48M.
With only 685 new listings, down 20 per cent compared to last year, and 497 sales (down 22 per cent), conditions have become extremely competitive for buyers.
The average detached home in Halton topped a new record last month with an average price of $1,942,724 (up 26 per cent) and only 244 homes trading hands (down 26 per cent). The detached segment is overwhelmingly the most popular housing type on the market.
Other housing types like condo apartment, condo town, and semi-detached had 88, 49, and 28 sales and an average price of $792,661 (up 43 per cent), $963,484 (up 35 per cent), and $1,317,038 (up 40 per cent), respectively.
All data is provided by Zoocasa.com.
Here are five of the most expensive homes listed in Halton
14154-Eighth Line, Halton Hills
This magnificent equestrian estate sits on more 100 acres and is priced at $7,950,000. The fully-renovated Georgian home has an enormous kitchen, theatre room, separate loft area for extended guests and a 40-stall show barn.
Photo courtesy of Royal LePage Meadowtowne Realty
1438 Lakeshore Rd. E., Oakville
More than 8,000-sq.-ft. of living space is available for $6,999,000. Sitting on 3/4 of an acre, the open-concept home has six bedrooms, seven baths, cherry hardwood and limestone flooring and a custom kitchen.
Photo courtesy of Century 21 Miller Real Estate Ltd.
284 North Shore Blvd., Burlington
Price at $6,249,999, the spectacular estate sits on a waterfront lot. The custom-build home features main floor open concept with two walk-out terraces, a grand staircase, master bedroom with double walk-in closets and a bedroom balcony with a lake view.
Photo courtesy of Re/Max Realty Specialists Inc
205 Trafalgar Rd., Oakville
This 19th-century home was built in the Gothic style and is on the market at $5,950,000. Located in Old Oakville, it’s a short stroll to the lake and the quaint downtown shopping area. Panoramic windows fill the house with sunlight.
Photo courtesy of Re/Max Aboutowne Realty Corp
14269-Third Line, Halton Hills
Sitting on nearly 100 acres, including 78 that is workable, this farm is on the market for $5,900,000. There is great potential for future development or to turn the property into a hobby farm. Includes barn, stalls, heated tack room and outdoor fenced paddocks.
Photo courtesy of Homelife Maple Leaf Realty Ltd Brokerageinsauga's Editorial Standards and Policies advertising