April 2019 Statistics Provided by RAHB
The April 2019 real estate market performed well when compared to the same month last year. And it’s looking like the spring market is off to a great start. It’s encouraging to see in terms of number of sales and the increase in residential properties. We’ll review two charts and one area map today and give you an overview provided by the REALTORS Association of Hamilton Burlington.
Residential Market Activity for RAHB Areas for April 2019
The Residential Market Activity chart indicated to us that Burlington saw 343 sales for the month of April 2019. That’s an increase of 39 sales compared to last year at the same time. It’s also clear that the cost of a residential property has increased as well.
This is promising to see as we look forward to seeing how the rest of the season goes and summer. Next let’s take a look at the Average Residential Price by District for April to see each area in Burlington performed in terms of sales and average price.
Average Residential Price by District
Burlington has had a strong start to spring and the above map illustrates this. You can see that the areas with the largest number of sales were the neighbourhood of Millcroft and Headon Forest. With a total number of 101 sales for April 2019 and an average residential property selling for $678,538. Other areas to note were 31, 34, 38.
And it’s clear that from the Bay to Highway #5 that Burlington had a great month. Now let’s take a look at the Burlington Residential Table and see a more in-depth look at the numbers for April 2019.
Burlington Residential Table
Let’s review the above Burlington Residential Table and learn more about what these numbers mean. The chart indicates to us that Burlington had another great month. There was an increase of 12% in sales activity with 343 sales. And there was a 4% increase in active listings with 536.
The average cost of a home in Burlington was $752,459 which is a 4% increase compared to the same time last year. These numbers are again indicating that Burlington had a stronger April 2019 then in 2018. RAHB stats for the entire market area are also very encouraging.
RAHB Statistics For April
There were a reported 1,226 sales in the entire RAHB market area for April 2019. With a 6% increase from April last year and an 18.8% increase over March 2019 and a 66.8% increase over February 2019. And we learned that the average cost of a home was reported at $589,324 which was a 3.9% increase from April 2018.
“It’s encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017. Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for seller,” said RAHB President Bob Van de Vrande.
Contact Lori VanDinther
Have you been thinking about selling your home? Contact Lori today and she’ll be happy to discuss the next steps. And if you want to learn more about the Burlington market, Lori will be happy to go over with you.