Victoria McDowell Real Estate

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Victoria McDowell Real Estate

Victoria McDowell | Oakville REALTOR® | Data-Driven. Heart-Led. | Right at Home Realty, Brokerage

01/14/2025

The Oakville market was holding steady in December, with some interesting shifts year-over-year. Let’s break it down and see how prices are evolving.👇

Big Picture Takeaways:

1. Condo Apartments Are a Buyer’s Playground Right Now 🏢
• Prices are down, and days on market are way up - this is where buyers can take their time, negotiate, and score a great deal. First-time buyers, this is your lane! Not to mention, this is my specialty. 😉🎯

2. Townhouses Are the Star of the Show 🌟
• Both condo and freehold townhouses are holding their value and even seeing price growth. If you’re selling, this segment is proving to be the MVP in Oakville, despite the typical December slowdown. 🏘️

3. Patience is Key in a Slower Market ⏳
• It’s taking longer to sell across the board - typical for this time of year. Sellers, this isn’t the time to panic; it’s the time to focus on smart pricing and superior presentation. I can help with this too!💡

4. Sale-to-List Price Ratios Are Solid 💰
• With homes selling at 98% of their asking price, this market is realistic. No inflated pricing here - just good value that aligns with what buyers are willing to pay. ✅

Year-over-Year Highlights 📊:

• Condo Apartments saw prices drop 6.6%, while days on market climbed, making them ideal for first-time buyers.
• Condo Townhouses had the strongest growth, with prices up 16.7%.
• Freehold Townhouses remained steady with minimal price change and consistent demand. 🔄

Thinking about making a move or want to chat about anything I’ve said here? Feel free to reach out with any questions or for personalized advice. I’m here to help! 📲

Victoria McDowell | Oakville REALTOR®
Right at Home Realty, Brokerage

📞 905-580-0255
📧 [email protected]
🌐 VictoriaMcDowellRealEstate.com

Data-Driven. Heart-Led.

*Data derived from TRREB

02/11/2023

Well, this is kind of cool…

Winning any type of award was never on my radar when I started my career in real estate. I actually never thought I’d be good enough to achieve something noteworthy like that. I have to say, (as much as we make fun of realtors who brag about winning awards 😜) it really is a good feeling.

🎉 A few shout-outs are in order...

➡️ To my clients who have taught me so much this past year and encouraged me to keep growing. Your trust in me is EVERYTHING.

➡️ My previous brokerage for their kindness, support, and guidance. They hold a special place in my heart.

➡️ My new brokerage family for inspiring me to keep investing in myself and try new things - even if they scare the crap out of me.

➡️ Most importantly, my family who love and support me despite the crazy schedules and late nights.

Without you all, I’d be just some crazy lady with an unhealthy real estate obsession watching HGTV’s House Hunters reruns and buying myself gift baskets. 😉

I am very thankful.

12/20/2022

How would you sum up your 2022? I’m struggling. I’ve tried writing this like 5 times!

So, I’ll keep it simple.

▫️We welcomed our sweet labradoodle Hershey into our family
▫️Found our perfect home and bid (a bittersweet) farewell to Waterdown
▫️Conan went back to school IN PERSON and joined pretty much every club and activity available - he may have missed school just a bit 😜
▫️I watched my business thrive this year - surpassing any projections I had set for myself back in January
▫️Endless new home projects and plans

2022 brought so much change - good change - and I’m excited to see how those changes continue to manifest in 2023.

Stay tuned...

#2022 🇨🇦

11/10/2022

October’s Market Carousel 🔄

Flip through and see how Oakville, Burlington and Milton are trending since August - it may surprise you.

Now, everyone knows (or should know) it’s impossible to predict with any degree of certainty, how average sale prices will trend in the following months. There are signs of stabilization in some property types in the region - but only time will tell.

The effects of interest rate increases can take several months to really filter through the market and show their true impact. Is there room for prices to decline further into 2023? Absolutely. Do we know with 100 percent certainty this will happen? Heck no. It’s a gamble. That’s why I never suggest to try and time the market.

My advice is always to connect with your mortgage agent and Realtor to evaluate your unique circumstances. Buying a home is a personal decision and should never be influenced by what everyone else is doing or saying about the market.

Really evaluate your finances, needs and situation and make an informed decision.

If you have any questions, my inbox is always open! 🙌

09/15/2022

Just leased in Waterdown Ontario - I know that my clients (especially their gorgeous dog) will enjoy this beautiful home!

I feel very honoured to have shared this journey with you.

My job is always rewarding but even more so when my clients become friends.

Cheers to you and the amazing year ahead in your new home! 🍻🏡

🌿🌿🌿

📣 Shout-out to the listing agent, Kate Czaplinska - great working with you.

Photo: Toronto Regional Real Estate Board MLS System, Kate Czaplinska

09/13/2022

What will it cost you to buy or rent a condo right now?

Here’s my updated market carousel for Oakville & Burlington condominiums 🪧 Have a flip through 🔄

🌿🌿🌿

While monthly rental prices continue to climb, we are back to last summer’s sale prices here in the GTA. August’s average sale price for all residential property types was $1,079,500, compared with $1,070,098 in August 2021 (TRREB MLS Statistics).

You’re probably aware that mortgage interest rates are UP - Bank of Canada announced on September 7th that they're increasing their policy interest rate by 75 basis points to 3.25%. Moreover, they are signalling that further rate hikes may be to come this year with the next announcement scheduled for October 26th.

What are you seeing in your market? Do you think prices will continue to decline, or have we reached the bottom already?

➡️ In other news, Conan had a fantastic first week back at school! He has already joined the cross country team and is running/training every day. I couldn’t be more proud of him. How were your kids’ first weeks back at school?

Happy Tuesday 🙌

09/02/2022

Congratulations to my clients on snagging this gorgeous condominium in Rural Oakville!

Thank you for trusting me throughout our journey. It wasn’t always easy (the GTA rental market is a minefield right now), but we persevered and came out stronger with the perfect place to call home.

Time to CELEBRATE 🎉 🥂

➡️ If you’re trying to navigate this process right now, remember:

"Success is the ability to move from failure to failure without losing your enthusiasm." – Winston Churchill.

We had a few setbacks, but I never lost hope that we would find your home. Enthusiasm kept us going and I NEVER give up on fulfilling my clients’ goals.

Mission COMPLETE. 🙌

08/02/2022

Happy August 🌺

How will you spend your August? Any exciting plans? We have a few day trips planned and my sister and her family are visiting from the UK for a few weeks – which we are so EXCITED for! I haven’t seen my little nephew since before the pandemic, so I’m looking forward to seeing the little man (Conan may be a little bit excited as well 😜).

While we’re on the topic of summer, we’ve really been enjoying ours so far. Being in our new home has been a surreal experience. We were dreaming of this home for a couple of years and what it would be like, but expectations are just that. Living it – well, that’s something else entirely. I have an even stronger appreciation for discipline, hard work and sacrifice – manifesting our goals hasn’t been easy but my god, is it worth it!

I don’t show enough behind the scenes of my day-to-day life in real estate. It’s not all beautiful home tours and easy sales (this isn’t Selling Sunset). For every happy client, there were 10 others who ghosted me the week before. It comes with the territory. But, when I receive feedback from my clients like this, it really does reaffirm I’m exactly where I should be. I feel incredibly humbled and thankful. So, thank you to my clients for this thoughtful review. It quite literally made my week.

“The goal is not simply to ‘work hard, play hard.’ The goal is to make our work and our play indistinguishable.” Simon Sinek

Happy August everyone!

07/08/2022

Welcome to my market update carousel 🪧🔄

Have a flip through.

▫️ We are definitely seeing signs of a more balanced market here in the Greater Toronto and Hamilton Area

▪️ Prices are down

▫️ Mortgage interest rates are up

▪️ Buyers are in ‘watch and see’ mode

▫️ Sellers are offering price improvements

▪️ Conditions (like inspection and financing) in offers are back

▫️ Rental market is heating up – increased competition

I love nothing more than to talk real estate, so let’s chat if you have questions!

* Data derived for sale averages by home style using sold prices from the last 30 days

Address

Burling, ON

Website

http://victoriamcdowellrealestate.com/

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