Real Estate Market

Real Estate Market Statistics

Burlington Real Estate Market Statistics for August 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for August 2020 were provided by the REALTORs Association of Hamilton-Burlington (RAHB). In August 2020, there were a reported 1,272 sales of residential properties. Sales were reported to be down by 21.4% compared to the same time last year, and up 12.7% compared to August 2019.

Burlington Residential Table

Burlington Residential Table
Burlington Residential Table

When look at the above chart, Burlington Residential Table, we can see that there was a total of 261 sales. That’s a decrease of only 16% and there was a total of 319 new listings. The average property price for Burlington was up 13% to $865,068.

The median price of a residential property saw an increase of 16% to $794,000. The Burlington real estate market saw a total of 335 active listings, a decrease of 9% compared to the same time last year.

Average Residential Price by District

Residential Price by District

The above map, Average Price by District, illustrates each area in Burlington. Areas to note for August 2020 were 31, 34 and 35, each of these areas had the highest amount of sales. The area with the highest average property price was once again, area 38 with the average pice being $1,506,667.

Another area to more with one of the highest average sales price was area 33. The average property price in this area was $1,272,588 and the area had a total of 26 sales for the month of August. Burlington’s most sought after neighbourhood, Millcroft (area 35) saw a total of 71 sales with an average property price of $803,497.

RAHB Statistics for August 2020

August 2020 real estate statistics saw a total of 1,272 sales of residential properties. When compared to the same time last year, sales were down 21.4%, and up 12.7% compared to August 2019.

New listings in Burlington saw a 3% increase, with a total of 261 sales of residential properties. The average price of a residential property saw an increase of 13% to $856,056. With the average price of a residential property in the entire RAHB area being $694,690, which is an increase of 0.24% from last month, and up 16.3% from August 2019.

““This month’s activity was in line with what we would typically see for August; however, due to COVID-19 the trends for the year are not what we would normally experience. Over the Spring, we saw lower than normal activity, but a balance between supply and demand. Into the Summer months we saw an increase in activity where we would normally see a decrease. As we move into the Fall, we would expect a return to higher activity. With the potential for a second wave of the virus we don’t want to make any predictions, but RAHB REALTORS® will continue to find houses for buyers and buyers for sellers in a healthy and safe way.” – RAHB President Kathy Della-Nebbia.

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

Real estate investment

Burlington Real Estate Market Statistics for July 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for July 2020 have been provided by the REALTORs Association of Hamilton-Burlington (RAHB). In July 2020, there were a reported 1,613 sales of residential properties. Sales were reported to be up by 23.7% compared to the same time last year.

Burlington Residential Table – July 2020

Burlington Real Estate Market Statistics Burlington Residential Table
Burlington Residential Table

In July 2020 there were 394 sales of residential properties in the Burlington real estate market area. That’s an increase of 37% when compared to July 2019. The average property price also saw an increase, which was 15% to $886,782.

The median price of a residential property seeing an increase of 14% to $797,520. The Burlington real estate market saw 491 new listings, an increase of 34%, with the average days on the market seeing a decrease of 10 days.

Average Residential Price by District

Average Residential Price by District

The above map, Average Price by District, illustrates each area in Burlington. Areas to note for July 2020 were 31, 33 and 35, each of these areas had the highest amount of sales. The area with the highest average property price was once again, area 38 with the average pice being $1,674,000.

We should also note area 33, it had an average property price of $1,348,862 and had a total of 48 sales. Area 35, the neighbourhood of Millcroft had an average price of $781,122 with 138 properties sold in July 2020.

RAHB Statistics for July 2020

July 2020 real estate statistics reported that there were a total of 1,613 sales of residential properties. When compared to July 2019, we saw a 27.8% increase and a 23.7% increase when compared to the previous month.

New listings were reported to be up by 15.5% over June 2020 and up 8.8% over last July. It was also reported that the average price of a residential property for the entire RAHB market area was $692,999. Burlington’s average property price was reported to be $886,782 for July 2020.

“As we can see from the data, activity has resumed to pre-COVID-19 levels, and is actually surpassing the levels we would typically see in the summer due to pent-up demand over the last several months. What is also affecting the market – and more specifically the increase in average price – is the low number of active listings. With less available, buyers have limited choice and the market favours sellers.” says RAHB President Kathy Della-Nebbia.

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

Wooden house with magnifier and calculator

Burlington Real Estate Market Statistics for June 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for June 2020 have been provided by The REALTORs Association of Hamilton-Burlington (RAHB). There were a reported 1,304 sales of residential properties within the entire RAHB market area. The good news is that the sales are up by 53% over May 2020 and up 0.2% when compared to June 2019.

Burlington Residential Table – June 2020
Real Estate Statistics Burlington Residential Table
Burlington Residential Table

In June 2020 the average price of a residential property in Burlington was up by 12% to $872,398, and the median price saw an increase of 8% to $751,000. The median price say an increase of 15% to $810,000. It was also reported that the new listings saw an increase of 7% with a total of 459.

The real estate market has seen some increases in June with a total of 319 sales in the Burlington area. With an average 18.8 days on the market, we can see that sales are moving at a faster rate than they were in May.

Average Residential Price by District
Average Price by District
Average Price by District

When we look at the above map, Average Price by District, we can how each neighbourhood in Burlington did in terms of the average residential sale price and the number of homes sold at that price. Sub areas to note are; 31, 34 and 35.

The area with the highest average property price was area 38 with the average pice being $1,655,000. Area 35, the neighbourhood of Millcroft had an average price of $788,726 with 97 properties sold in June 2020.

RAHB Statistics for June 2020

In June 2020 the REALTORs Association of Hamilton-Burlington reported that there were a total of 1,304 sales of residential properties. With sales seeing an increase of 53% compared to May 2020. However, there was a 0.2% decrease in sales over June 2019, but the average price of a property saw an increase of 13.7% to $675,223 and up 3% from May 2020.

“With the reopening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout the RAHB market area. Typically, spring is busier than summer; however, COVID-19 seems to have pushed the market back by a few months. “Throughout the pandemic, the average price of residential properties in our market has held steady. If Ontario’s recovery from COVID-19 continues, we shouldn’t see a decrease; however, we are cautious that any relapse or a second wave could slow activity and affect average price.” – RAHB President Kathy Della-Nebbia

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.