real estate trends

Annual Burlington Real Estate Market Statistics for 2018

Residential Market Activity 

Annual Residential Market Activity Areas 2018
Annual Residential Market Activity Areas 2018

Take a look at the chart, Residential Market Activity and you can see that Burlington had a total of 2,909 sales in 2018. That’s the most compared to any other area listed in the Burlington Real Estate Market Statistics for 2018. The average cost of a home has only gone down slightly. In Burlington the average cost of a home was $735, 602 for 2018.

Average Residential Price by District 

Average Price by District for 2018
Average Price by District for 2018

The Average Residential Price by District map is clearly indicating to us that Burlington did very well in 2018. We can see that area 35 remains very hot, with the a total of958 sales for 2018. And the cost of a home was the highest in area 54, where the average cost of a home in 2018 was $1,461,689.

Burlington Residential Table 

Annual Burlington Residential Table 2018
Annual Burlington Residential Table 2018

The Burlington Residential Table including area 35 which are the neighbourhoods of Millcroft and Headen Forest, continue to do well. The chart indicated that for 2018 the average cost of a home was $735, 602 and the average amount of time it remained on the market was 29.9 days.

Annual Burlington Real Estate Stats for 2018

In the report Burlington Real Estate Market Statistics for 2018 by RAHB indicated that for 2018 listings were down 9.2%. When that’s compared to 2017 we can see that sales were down 17.5%.

However, the report also indicated that the overall price of a home was only down 1.5% from the previous year. And when we look at the cost of a home over the entire decade. The average cost of a property within the RAHB market area, has gone up by 100.2% in the last decade. And finally, sales located in the RAHB area for the year were a reported total of 11,882.

“The 2018 real estate market levelled out from the eventful years of 2016 and 2017. The market went from a strong, prolonged seller’s market to a balanced market where buyers had more time to view and compare properties before putting in an offer to purchase.” – RAHB CEO George O’Neill.

Contact Lori Today

If you’re thinking about selling your home and want to learn more about the Burlington Real Estate Market Statistics for 2018, please make sure you contact us. Our team ready to help you better understand these stats and to help you find your new home.

Burlington Real Estate Market Statistics for December 2018

Residential Market Activity

Residential Market-Activity for RAHB Areas December 2018
Residential Market-Activity for RAHB Areas December 2018

By taking a look at the above chart Residential Market Activity we can see that for December 2018, Burlington has has a slight decrease in the number of sales. However this is very common for the month of December. When sales tend to take a drop during the holiday season. With that being said this chart also indicates that the average cost of a home has increased by $38,401.

Average Residential Price by District

Average Residential Price by District for Burlington
Average Residential Price by District for Burlington

The Average Residential Price by District graph is indicating to us that Burlington is doing well from the HWY 5 to the bay. And you’re also able to see the December 2018 STATs average cost of a home for the month in each area. It appears that area 35 remains very hot with the most number of total sales (27) for December 2018.

Burlington Residential Table December 2018

 

Burlington Residential Table December 2018
Burlington Residential Table December 2018

In the above chart Burlington Residential Table which includes area 35, the neighbourhoods of Millcroft and Headen Forest, continue to do well. We can see the sales activity was 166 for the month of December. And the total sales for Burlington and Hamilton were 543.

December STATs Provided by RAHB

December 2018 STATs show a 26% lower number of sales than the same month last year. And the average cost of a home was up by 2.6% to $543, 210. The year-to-date sales activity was down 17.6% from the same time last year and down 12.2% compared to a decade ago. However compared to a decade ago, the price of a home is up 90%. And as the below statement by the CEO of RAHB states this is common.

“December has again proven to be one of the slower months for sales as people were busy celebrating the holidays rather than contemplating a move. But we anticipate market activity will pick up into 2019 as consumer confidence grows after being affected by the provincial and federal regulations introduced over the last two years.” Says RAHB CEO George O’Neill

For more information

Please refer to RAHB’s Residential Market and MLS Home Price Index Report for December 2018. 

Contact Lori VanDinther

Are you 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.