| Review of Real Estate Activity in 2009 | | | | 98% per cent |
| Now that 2009 has drawn to a close, it is interesting to | | | | - highest sale price for a detached home in Clearview |
| go over the real estate activity which has taken place | | | | during 2009 - $620,000 |
| in the Oakville neighborhood of Clearview. Clearview is | | | | - lowest sale price for a detached home in Clearview |
| located in the northeast part of Oakville, bounded by | | | | during 2009 - $335,000 |
| the QEW Highway to the north, Winston Churchill Blvd. | | | | *we use the median, rather than the average price, as |
| to the east, Sheridan Garden Drive to the south, and | | | | a more accurate measure of sales - average price |
| Ford Drive to the west. There are just over 2000 | | | | points can be inflated by one or two high-end sales, |
| residences in Clearview, comprising of detached | | | | whereas median is simply the midpoint for all sales in |
| homes, semi-detached, link homes (joined below | | | | the area. |
| grade), and freehold townhomes. | | | | The vast majority of these detached homes were 2 |
| After a slow start at the beginning of the year, real | | | | storeys, had 4 bedrooms, and a double car garage. |
| estate activity really picked up towards the end of | | | | Selling prices south of Kingsway Drive were |
| March, and an active market continued throughout the | | | | approximately 3% per cent higher than those north of |
| balance of the year. | | | | Kingsway Drive. |
| End result - during 2009 there were 72 properties in | | | | Outlook for 2010: |
| Clearview which were sold through the MLS. Of the | | | | With interest rates remaining low, and the Canadian |
| 72 total sales, 42 were located north of Kingsway | | | | economy slowly improving, many real estate experts |
| Drive, and 30 were located south of Kingsway Drive. | | | | are cautiously optimistic about where the market is |
| Of the total 72 sales, 51 were detached properties - | | | | headed in 2010. In early January, we are seeing last |
| the remainder being a mix of semi-detached, link, and | | | | year's shortage of listings continuing into the new year, |
| attached freehold townhouses. | | | | which bodes well for prices in 2010. |
| 2009 Statistics for Clearview: | | | | As for Oakville in general, and Clearview specifically, |
| For the detached homes sold, several interesting | | | | the outlook is bright. One thing that will add value to the |
| statistics are available: | | | | neighborhood - the addition of the new Clearview |
| - the median* listing price was $515,175 | | | | Public Elementary School. One of the only objections |
| - the median* sold price was $509,500 | | | | that some potential home buyers have had in the past |
| - average days on the market was 35 | | | | was the need to bus their children to a public |
| - average sold price as a percentage of listing price - | | | | elementary school, and now that objection will be gone. |