The Preserve, Oakville Market Update August 2026

If you only read one number from August, someone's going to tell you The Preserve's average sold price went from about $957,000 in July to $1.3 million in August. Up 36% in a month.

It didn't. Here's what actually happened.

In August, 13 homes sold in The Preserve, and every single one was freehold. Six detached, the rest townhomes. Not one condo apartment or condo townhouse sold all month. Zero.

So when the cheap end of the neighbourhood disappears from the math, the average shoots up. Same homes, same values. Just a different mix of what happened to sell. This is exactly why I keep telling you not to trust a monthly average in a neighbourhood this size.

Okay, here's what actually mattered in August.

Listings dried up. 32 new listings came on in August, down from 44 in July and 67 last August. That's the fewest new listings in any summer month in the three and a half years I've been tracking this neighbourhood. Sellers are sitting tight.

Sales held steady at 13, about the same as July, but well under last August's 20. So fewer homes coming on, and fewer selling. Both sides pulled back at once.

Homes moved faster though. Days on market dropped to 27 from 38 in July. Detached sold in about 23 days. When there's less to choose from, what's priced right goes quicker.

Detached averaged about $1.76 million on six sales. Last August it was about $2 million on seven. Townhomes averaged $914,000, down from $935,000 last August and $1.24 million in August 2023. That townhome slide is the real trend in this neighbourhood, and it's three years long now.

Condos, I can't tell you anything about price because nothing sold. But 9 condo apartments came on the market and none of them moved. If I owned a condo there right now, I'd be paying attention.

And the number that never changes. Homes sold at about 97% of list price in August. Same as it's been, month after month, for three and a half years. The negotiation in The Preserve still happens in the list price, not at the offer table.

Three things I'd want you to take from this

1. When the average jumps, ask what sold. A $350,000 swing in one month with zero condo sales is a mix change, not a price change. Anyone using that number to tell you the market's back is either careless or selling something.

2. Sellers are waiting. Fewest summer listings in three and a half years means less competition if you do list, but it also tells you a lot of your neighbours don't love today's prices.

3. Condos aren't moving right now. Nine new listings, zero sales. If you own one, pricing has to be sharp and patience is part of the deal. If you're buying one, this is your window to negotiate.

September numbers next month, same way. What happened, how thin the sample is, and what it means for you.