A seller's market in Oakville this spring?

After the last few years - these are the words that Oakville homeowners were waiting for - "seller's market". This was driven by a shortage of inventory, low interest rates, the rebound of the TSX and NYSE, and a stronger economy in the U.S..

Over the past week 35% of Oakville homes have sold at or above the list and 50% of the property leased. For the first time we see in south Oakville sell properties and the properties listed in the north of the QEW. Two-thirds of the 70 homes sold were above the QEW. There are only a total of 705 active listings that are converted to 10 weeks of storage.

So what you need to do to take advantage of this new reality - depends on whether you are a buyer or seller. As a buyer - you will need to work with a realtor. Very often owned by Time to make the MLS, homes sold is strong. There is a delay of approximately 24 hours.

The best advice to sellers is to make your home look great - so give your agent at least one week prior to the listing to help you prepare. They will give you the advantage. Remember that there is more than 60% of households that do not sell above list. A $ 40 can of paint is a $ 1000 on the walls.

Oakville real estate market has really heated, and probably will continue to do so for the rest of the spring. So if you are looking to buy or sell - stay focused - and enjoy the ride ....