Real estate investment

Burlington Real Estate Market Statistics for July 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for July 2020 have been provided by the REALTORs Association of Hamilton-Burlington (RAHB). In July 2020, there were a reported 1,613 sales of residential properties. Sales were reported to be up by 23.7% compared to the same time last year.

Burlington Residential Table – July 2020

Burlington Real Estate Market Statistics Burlington Residential Table
Burlington Residential Table

In July 2020 there were 394 sales of residential properties in the Burlington real estate market area. That’s an increase of 37% when compared to July 2019. The average property price also saw an increase, which was 15% to $886,782.

The median price of a residential property seeing an increase of 14% to $797,520. The Burlington real estate market saw 491 new listings, an increase of 34%, with the average days on the market seeing a decrease of 10 days.

Average Residential Price by District

Average Residential Price by District

The above map, Average Price by District, illustrates each area in Burlington. Areas to note for July 2020 were 31, 33 and 35, each of these areas had the highest amount of sales. The area with the highest average property price was once again, area 38 with the average pice being $1,674,000.

We should also note area 33, it had an average property price of $1,348,862 and had a total of 48 sales. Area 35, the neighbourhood of Millcroft had an average price of $781,122 with 138 properties sold in July 2020.

RAHB Statistics for July 2020

July 2020 real estate statistics reported that there were a total of 1,613 sales of residential properties. When compared to July 2019, we saw a 27.8% increase and a 23.7% increase when compared to the previous month.

New listings were reported to be up by 15.5% over June 2020 and up 8.8% over last July. It was also reported that the average price of a residential property for the entire RAHB market area was $692,999. Burlington’s average property price was reported to be $886,782 for July 2020.

“As we can see from the data, activity has resumed to pre-COVID-19 levels, and is actually surpassing the levels we would typically see in the summer due to pent-up demand over the last several months. What is also affecting the market – and more specifically the increase in average price – is the low number of active listings. With less available, buyers have limited choice and the market favours sellers.” says RAHB President Kathy Della-Nebbia.

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

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Burlington – Stage Three Of Reopening

Stage Three Of Reopening Begins July 24th

This is big news, Burlington is entering into stage three of reopening on July 24th. As we enter into this new normal we want to stay positive and know that we are still working together to make it through this unprecedented time. Let’s look at some of the new bylaws and restrictions in place, and some of the new loosening of rules.

Gathering limits have now increased for both outdoor and indoor gatherings. However, they are still subject to social distancing. Nearly all businesses and public spaces will be able to gradually reopen, with public health and workplace safety measures in place.

Remember to keep in mind that some high-risk venues and activities will remain closed for now, until it’s safe to reopen them. Also, in keeping with the gradual reopening approach, Ontario will continue to monitor key public health indicators and some stage three restrictions.

What Does Stage Three Mean To You

This is another significant step toward fully restoring the economy and the Ontario government wants to make sure that we do this in the safest way. Stage three has more restrictions eased with almost all businesses and public spaces reopen.

The Chief Medical Officer of Health, public health experts and other health officials have advised the following high-risk places and activities remain closed for the time being.

  • Amusement parks and water parks
  • Buffet-style food services
  • Clubs and bars,
  • Overnight summer camps
  • Private Karaoke rooms
  • Prolonged or deliberate contact sports
  • Saunas, steam rooms, bath houses and oxygen bars
  • Table games at casinos and gaming establishments
Go Transit

Taking public transit is going to have some adjustments, the major one is that wearing a face covering or non-medical face mask is now required at all times. Metorlinx has expanded it’s safety and cleaning measures and launched a safety kiosk at the Burlington Go Station.

Face Covering Bylaw

We want to make sure that we keep our loved ones safe, and wearing a face mask or face covering is the way to help stop the spread. Burlington City Council approved a bylaw that makes wearing a mask or face covering mandatory in all enclosed public spaces as of July 24th. Halton Region put a similar bylaw in place, it too effect on July 22nd.

The Burlington bylaw will in effect until September 30th 2020, unless it’s extended or revoked by city council. This new bylaw applies to all indoor public spaces that are openly accessible to the public, including:

  • Retail stores
  • Convenience stores
  • Malls and shopping plazas
  • Grocery stores, bakeries, farmer’s markets (enclosed areas)
  • Restaurants and bars (when permitted to open indoor service)
  • Indoor recreational facilities (unless exempt)
  • Libraries
  • Community centres
  • Community service agencies
  • Personal service settings
  • Churches, mosques, synagogues, temples and faith settings
  • Art galleries and museums
  • Banquet halls, convention centres and arenas
  • Real estate facilities such as open houses and presentation centres
  • Common areas in hotels, motels and short-term rentals (lobbies, elevators, meeting rooms, etc)
  • Entertainment facilities including concert venues, theatres and cinemas
  • Business offices that are open to the public
Back To School

Finally we can talk about what will be happening in the fall. Ontario wants to ensure that all 2 million students in 5,000 publicly funded schools can go back in September. The Ministry of Education released a safety plan and school boards are working hard to prepare their own plans. All plans will be submitted to the Ministry by August 4th. Once approved boards will inform parents.

Joesph Brant Drive-Thru Testing

It should be mentioned that Joesph Brant Hospital has now opened a drive-thru COVID-19 testing. This is in effort to continue to keep the public safe. The clinic is dedicated to testing individuals that are not experiencing any symptoms, but are worried they have been exposed.

The testing is located on the Joesph Brant grounds and will be open 7 days a week from 9am to 5pm. This service is by appointment only, so make sure you make an appointment before showing up.

Contact Lori VanDinther and Team Today

We have been through a lot as both a local community and a world wide community. If we continue to take the right steps and follow the new bylaw, we know that we will continue to make it through this extraordinary time. Of course the real estate industry has also continued to move forward and we continue to help clients find their dream home.

If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

Wooden house with magnifier and calculator

Burlington Real Estate Market Statistics for June 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for June 2020 have been provided by The REALTORs Association of Hamilton-Burlington (RAHB). There were a reported 1,304 sales of residential properties within the entire RAHB market area. The good news is that the sales are up by 53% over May 2020 and up 0.2% when compared to June 2019.

Burlington Residential Table – June 2020
Real Estate Statistics Burlington Residential Table
Burlington Residential Table

In June 2020 the average price of a residential property in Burlington was up by 12% to $872,398, and the median price saw an increase of 8% to $751,000. The median price say an increase of 15% to $810,000. It was also reported that the new listings saw an increase of 7% with a total of 459.

The real estate market has seen some increases in June with a total of 319 sales in the Burlington area. With an average 18.8 days on the market, we can see that sales are moving at a faster rate than they were in May.

Average Residential Price by District
Average Price by District
Average Price by District

When we look at the above map, Average Price by District, we can how each neighbourhood in Burlington did in terms of the average residential sale price and the number of homes sold at that price. Sub areas to note are; 31, 34 and 35.

The area with the highest average property price was area 38 with the average pice being $1,655,000. Area 35, the neighbourhood of Millcroft had an average price of $788,726 with 97 properties sold in June 2020.

RAHB Statistics for June 2020

In June 2020 the REALTORs Association of Hamilton-Burlington reported that there were a total of 1,304 sales of residential properties. With sales seeing an increase of 53% compared to May 2020. However, there was a 0.2% decrease in sales over June 2019, but the average price of a property saw an increase of 13.7% to $675,223 and up 3% from May 2020.

“With the reopening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout the RAHB market area. Typically, spring is busier than summer; however, COVID-19 seems to have pushed the market back by a few months. “Throughout the pandemic, the average price of residential properties in our market has held steady. If Ontario’s recovery from COVID-19 continues, we shouldn’t see a decrease; however, we are cautious that any relapse or a second wave could slow activity and affect average price.” – RAHB President Kathy Della-Nebbia

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.