real estate market

Burlington Real Estate Market Statistics for November 2018

Residential-Market-Activity-Nov-2018
Residential Market Activity November 2018

In the chart above, Residential Market Activity, we can see the overall sales compared to this time last year. There were a total of 212 sales for the month of November. And we can see that the average cost of a home in Burlington has gone up and average sale price increased by 4%.

Burlington-Average-Residential-Price-by-District-Nov-2018
Average Residential Price by District November 2018

The Average Residential Price by District graph indicates to us that Burlington continues to do well from the escarpment to the bay. You’re also able to see the average cost of a home for the month. We’re also able to see that area 35 remains very hot with the most number of total sales (61) for November 2018.

Burlington-Residential-Table
Burlington Residential Table for November 2018

The above chart Burlington Residential Table which includes area 35, the neighbourhoods of Millcroft and Headen Forest, have done very well. We can see the sales activity was 212 for the month of November. And the total sales for Burlington and Hamilton were 862.

The Sales to New Listing Ratio was 17.2% – indicating that the overall residential market for the RAHB area is normal for this time of year. As it’s common to see these ratios during the months of November and December. The sales-to-listing-price ratio was 97.8% indicating that Burlington continues to do well overall.

For more information, please refer to RAHB’s Residential Market and MLS Home Price Index Report for November 2018. 

If you’re thinking of selling your home please make sure you contact us. We’re ready to help you find your new home.

Burlington Real Estate Market Statistics for September 2018

The chart above, Residential Market Activity for RAHB Areas, illustrates how much the average price for Burlington has changed and it’s showing us how much each area has changed since last year. We can see that there were a total of 247 sales for the month of September, which is an increase compared to last year.

 

The Average Residential Price by District graph indicates to us that Burlington is doing well from the escarpment to the bay. And that it continues to remain a hot area. You’re also able to see the average cost of a home for the month of September in each area.

The chart above, Residential Marketing Activity, includes area 35, which are the neighbourhoods of Millcroft and Headen Forest. We can see the sales activity was 86 for the month of September, down 2.4% but still up from 2016.

RAHB reported 948 sales of residential properties and a 4.6% increase over the same month last year. And that The Sales to New Listing Ratio was 50.1% – indicating that the overall residential market for the RAHB area is in a balanced position.

With a Sales to Listing Price Ratio of 98.4% we can see that this area of Burlington continues to do well. Millcroft and Headen Forest continue to stay consistent and the average time a home is on the market at 27.8%.

For more in-depth statistics and additional metrics, please refer to RAHB’s Burlington Residential Marketing Report for September 2018. 

And if you’re thinking of selling your home please make sure you contact us. We are ready to help you find what you’ve been dreaming of.

Canadian Farmland Market 2014

Interested in seeing how farm property values are across Ontario in 2014? Look no further!

Canadian Farm Report 2014 REMAX

WINDSOR-ESSEX
– Prices in Windsor-Essex remained steady in 2014
– Area factory closure has motivated owners to shift from tomato crops to corn, beans and wheat productions.
– Stable demands and limited supply has meant properties do not last long on the market
– price per acre: $6,500 – $11,000

CHATHAM-KENT
– High demand for high quality land has caused prices to rise by as much as 100 per cent in some areas
– Properties of all qualities are selling fast, often between three and six months
– Demand and prices in the area are expected to remain strong
– price per acre: $7,000 – $22,000

HURON COUNTY
– Year-over-year price increases plateaued by mid-2014 amid weaker crop prices
– Many buyers are family-owned operations seeking to expand
– Hobby farms are becoming more difficult to finance
– price per acre: $13,500 – $15,000

LONDON-ST. THOMAS
– Market held strong through the winter and farms continue to sell within one month
– Foreign investors are looking to buy land with development potential
– Lenders have been less enthusiastic about financing hobby farms
– price per acre: $7,000 – $12,000

WOODSTOCK – STRATFORD
– Challenging weather conditions have led to increased days on market, but no significant change in land – prices
– Sales of dairy and feather farms drove price increases, while cash crop properties have leveled off
– Buyers are looking for proximity to highways, processing facilities and existing infrastructure
– price per acre: $14,000 – $20,000

KITCHENER – WATERLOO
– Prices in Kitchener-Waterloo are leveling off as demand drops
– Properties are staying on the market longer due to lack of demand
– Hobby farms lead the way in sales volumes
– price per acre: $14,000 – $18,000

BRUCE COUNTY
– High demand has tapered off as buyers and sellers differ on price
– Unpredictable weather and uncertain harvest is causing buyers to hesitate
– Potential buyers of hobby farms are finding it difficult to secure financing
– price per acre: $6,500 – $10,000

GREY COUNTY
– Average prices have increased by nearly 20 per cent
– Prices for certain types of land have more than doubled in three years
– Farmers migrating to Grey County to get a better price for comparable land quality are driving demand
– price per acre: $3,500 – $8,500

SOUTH SIMCOE
– Demand for agricultural land is strong as farms near the Greater Toronto Area sell to developers
– Many buyers are established farmers seeking to expand existing operations
– Demand and prices expected to increase for the foreseeable future
– price per acre: $10,000 – $25,000

QUINTE
– High quality land at an affordable price provides excellent value amid soft commodity prices
– Many buyers are established farmers seeking to add to existing holdings
– Market is expected to be stable over the next 24 to 36 months
– price per acre: $1,500 – $7,500

STORMONT, DUNDAS AND GLENGARRY COUNTIES
– Prices increased in 2014 due to a shortage of available land
– Highest prices in the area are closest to the Ontario-Quebec border
– Cash crop farmers are expected to continue to grow operations, further driving demand
– price per acre: $7,000 – $17,000

OTTAWA VALLEY
– Tile-drained land is selling briskly despite soft commodity prices
– Area properties provide excellent value with less expensive prices for comparable quality to other parts of Ontario
– Mennonites from southwestern Ontario are relocating to the region and establishing small communities
– price per acre: $8,000 – $10,000

Lori VanDinther, a long time resident of Burlington, has been successfully selling Real Estate in Burlington, Oakville, Carlisle, Kilbride, Waterdown and surrounding areas for over 20 years. If you’re looking to make an investment in real estate get in touch with her today info@loriv.com

For a full RE/MAX Farm 2014 report that includes other Canadian provinces click here.