June 2019 Statistics Provided by RAHB
The June 2019 statistics have arrived and were provided by the REALTORs Association of Hamilton-Burlington (RAHB). The stats indicate a 4.2% increase from June last year in the sale of residential properties.
It’s important to note that there was also an increase in the sale of single family homes by 11.6% over the same time last year. As well as an increase in the average sale price by 4.9% to $786,667.
This blog will review and summarize the statistics for June. We can see how much a property was in your neighbourhood and what the sales were like. Below is the first chart, Residential Market Activity, reviewing the sales and average cost of a residential property in Burlington and the surrounding areas.
Residential Market Activity for RAHB Areas
When we review the above chart, Residential Market Activity, it becomes clear that Burlington saw an increase in the average sale price of a residential property to $786,667. While there was a slight decrease in the total number of sales for the month of June when compared to the same time last year.
We can now turn our attention to the map below, Average Residential Price by District. And get a better idea of what the month looked like in terms of sales and average price of a residential property in each area.
The Average Residential Price by District
The Average Residential Price by District map provided by the REALTORs Association of Hamilton-Burlington illustrates each individual area. We’re able to better understand how each area in Burlington did during the month of June. And we can see each average cost of a residential property and how many sales there were.
It becomes clear that the area with the highest number of sales was Burlington’s most sought after neighbourhood, Millcroft. With 38 sales at an average sales price of $686,452. Lets now draw our attention to area 38 which had the most expensive properties in Burlington at $1,505,571.
From highway #5 to the Burlington Bay it’s very clear that for the month of June Burlington remains strong and steady. The next chart we need to review is the Burlington Residential Table for a more in-depth look at the numbers.
Burlington Residential Table
By reviewing the Burlington Residential Table we can get an more in-depth look at the overall numbers for June. We can see that there were a total of 414 new listings and 514 active listings. And once again we can see that the average cost of a property was $786,667. This is an increase of 11% compared to the same time last year.
And finally there has been a decrease in the number of days that a property remains on the market. There are a lot of positive numbers in the above chart. Lets turn our attention to some more RAHB statistics about the entire RAHB market area.
RAHB Statistics for June 2019
There were a reported 1,203 sales of residential properties located in the RAHB market area for June. This was a 4.2% increase compared to June 2018. The average price of a residential property also saw an increase of 5.2% from June 2018 to $593,549.
“The number of sales and average price is up over 2018, showing that the market is edging higher since it balanced out last year. Sales have dropped compared to May and April of this year, but paired with a decrease of about 4% in the number of new listings this could indicate the market is tightening.” – RAHB President Bob Van de Vrande.
For More Information
If you would like to learn more about these statistics and for a more in-depth report, please refer to the press release provided by RAHB.
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