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Burlington Real Estate Market Statistics for September 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for September 2020 were provided by the REALTORs Association of Hamilton-Burlington (RAHB). In September 2020, there were a reported 1,751 sales of residential properties. Sales saw an increase of 37.67 per cent over the pervious month and up by 53.9 per cent when compared to September 2019.

New listings also saw an increase, there was a 32.67 per cent increase over September 2020, and a 8.5 per cent increase compared to the same time last year. When we look at the below chart, Burlington Residential Table, we can get a better look at some of these statistics.

Burlington Residential Table

Burlington Residential Table
Burlington Residential Table

When look at the above chart, Burlington Residential Table, we can see that there was a total of 390 sales. This is a 48 per cent increase when we compare sales to the same time last year. When it came to new listings, there were a reported 525, this is an 18 per cent increase over September 2019.

The average property price in Burlington had an increase of 18 per cent to, $912,749, with the median price being $825,000. Burlington also had 366 active listings during the month of September, which is a decrease of 25 per cent. We can now turn our attention to the below map, Average Residential Price by District, and get a closer look at each neighbourhood.

Average Residential Price by District

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 September 2020 were 30, 31 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 $1,362,000. The average property price in area 35 was $835,177 with a total 108 sales of residential properties.

RAHB Statistics for September 2020

The September Burlington Real Estate statistics saw a total of 1,751 sales of residential properties. When compared to the same time last year, there was an increase of 53.9 per cent, and 37.67 per cent over last month. New listings also saw an increase, there was a 32.67 per cent increase over September 2020, and a 8.5 per cent increase compared to the same time last year.

“September is typically a busy month as we move into the Fall market; however, activity was some of the highest we have seen. Sales significantly increased in September over last month and last year, and average price was up 10 to 20 per cent in all of our major RAHB communities for those same time periods. We also saw an increase in new listings in our area; however, there is a low number of active listings, which was down in September by over 40 per cent compared to the same month last year. This low inventory is driving the average price higher.” – RAHB President Kathy Della-Nebbia.

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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.