WOW! Did you get one? This past weekend I visited the "Woodland Trails" new home site featuring "Starlane" and "Rosehaven" homes. For those of you unaware, this is the first new home site to be built in Oakville north of Dundas. This first project offers freehold town homes, semi-detached homes and detached homes ranging from $349,000 to $800,000. By my count there were approximately 500 building lots and when I was there on Saturday it looked to me like they were virtually sold out. Clearly, their sales technique of prebooking an appointment time was very successful. I was there at the end of the 4th day and most homes had already sold. That is approximately 125 a day or 15 homes an hour. I was surprised by the fact that all the detached homes ($600 plus) sold first and the few remaining lots left were for town homes ($350 to $500). If you use a median price point of $575,000 that equates to $287 million dollars worth of real estate sales in 5 days. I would say that's a good week of sales. These homes are to be built for occupancy in 2012. The web site for this project is http://www.liveinoakville.ca
What is very interesting is that the Town of Oakville has projected it will take 20 years to put 50,000 in the area north of Dundas. With these kinds of sales records I would say that we could see this happening much faster.