Residential Market Activity
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
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
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.