Real Estate Market

Burlington Real Estate Statistics

Burlington Real Estate Statistics for July 2022

Real Estate Statistics for July 2022

The statistics mentioned in this article include the entire RAHB market area, as well as a strong focus on the Burlington market. The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 811 sales in July 2022 of residential properties within the RAHB market area. The sales of residential properties had a decrease of 18.5 per cent from the previous month. There was also a decrease of 35.6 per cent when compared to July 2021. 

It was reported by RAHB that there was a total of 1,783 new listings within the entire real estate market area. This was a decrease of 29.9 per cent compared to June 2022 and a decrease of 18.6 per cent compared to the same time last year. 

The average price of a residential property within the RAHB market area was $878,816 in July 2022. This was a decrease of 7.1 per cent from the previous month and an increase of 3.9 per cent compared to July 2021. 

We can now take a look a the below chart, Residential Market Activity and get a look at each area within the RHAB market area. We can also see the total number of sales in Burlington as well as the average price of a residential property. 

Residential Market Activity 

Burlington Real Estate Statistics

The above chart, Residential Market Activity, allows us to get a closer look at the Hamilton and Burlington real estate market. We’re able to see what the average price of a residential property was and how many sales there were in July 2022. Then we can compare those numbers to the previous year. 

It was reported by RAHB that the Hamilton Mountain had the greatest number of sales within the Hamilton market. With a total of 104 sales, we can see that there was a decrease compared to the same time last year. However, when it came to the average price of a residential property we can clearly see there was an increase. The average price of a property in this area in July 2022 was $753,980.

The next area that we’ll take note of is Hamilton Centre. This area had a total of 73 sales it’s the area with the second greatest number of sales within the Hamilton market. We can see that there was decrease in the number of sales when compared to the same time last year. However, just like the Hamilton Mountain we can see that there was an increase in the average price of a property. The average price of a property in this area was $596,425. 

Finally we can take a look at the Burlington area, this area had the greatest overall sales with a total of 182 sales in July 2022. The average price of a residential property in Burlington was $1,142,997. 

Similarly to both the Hamilton Mountain and Hamilton Centre, we can see that there was a decrease in the number of sales but an increase in the average price of a property. Let’s move on the map below and take a closer look at the Burlington real estate market.

Average Residential Price by District 

Burlington Real Estate Statistics

The above map, Average Residential Price by District, illustrates the different areas within the Burlington real estate market. It allows us to see the total number of sales for each sub area and what the average price of a property was in July 2022. The sub areas that we need to take note of, that had the greatest number of sales were, 31, 34 and 35. 

Located in area 35 is the sought after neighbourhood of Milcroft. This area had the greatest number of sales with a total of 54 sales and an average residential property price of $1,089,829. Another sub area we can take a look at is area 34, with a total of 33 sales and an average residential property price of $1,071,912. The last sub area that we can look at is area 31, with a total of 23 sales and an average property price of $1,132,348. 

You can continue to review this map and see what each area within the Burlington market had in terms of sales and property price for the month of July 2022. Let’s now review the final chart in this article, the Burlington Residential Table.

Burlington Residential Table

Burlington Real Estate Statistics

The final chart to review is the, Burlington Residential Table, which allows us to get a look at the overall Burlington real estate statistics for July 2022. It was reported by RAHB that there were a total of 364 new listings, this was an increase of 20.1 per cent compared to the same time last year. 

When it came to the number of sales in July 2022, we can see that there was a total of 182 sales. This was a decrease of 29.5 per cent when we compare it to the same time last year. There were 364 new listings in July 2022, this was an increase of 20.1 per cent compared to the previous year. 

It was reported that the average price of a residential property in the Burlington real estate market area was $1,142,997. This was an increase of 10.3 per cent compared to the same time last year. The median price of a property was reported to have been $1,020,000. This was an increase of 4.9 per cent compared to July 2021. 

The next real estate statistics that we’re going to review are the detached, townhouses and apartment-style properties within the RAHB market area. We’ll take a closer look at these different types of properties and compare them to the same time last year. 

Detached, Townhouse and Apartment-Style Properties

The REALTORS® Association of Hamilton-Burlington reported a total of 513 sales detached properties within the entire RAHB market area. This was a decrease of 25.5 per cent compared to June 2022 and a decrease of 37.3 per cent compared to July 2021. 

The average price of this type of property was $985,363. This was a decrease of 6.6 per cent compared to the previous month. However, it was an increase of 4.4 per cent compared to the same time last year. There were a total of 1,146 new listings of detached properties, which was a decrease of 36 per cent from the previous month and an increase of 19.9 per cent compared to July 2021. 

Townhouse sales in the entire RAHB market area saw a total of 159 sales, a 12.6 per cent decrease compared to the previous month. It was a decrease of 28.7 per cent when compared to the same time last year. 

There were 311 new listings of townhouse properties in July 2022. This was a decrease of 28.3 per cent compared to June 2022 and a decrease of 13.1 per cent compared the same time last year. The average price of this type of property was $751,397, a decrease of 3.1 per cent compared to the previous month. It was an increase of 2.1 per cent when we compare it to July 2022. 

When we take a look at apartment-style properties we can see that there was a total of 96 sales in the entire RAHB market area. This was a 15.8 per cent decrease compared to the previous month and a 39.2 per cent decrease compared to July 2021. 

It was reported that there were 223 new listings of apartment-style properties in July 2022. This was a decrease of 2.1 per cent from June 2022 and an increase of 10.4 per cent compared to July 2021. The average price of this type of property was $598,852, a 2.8 per cent increase compared to the previous month. It was also an increase compared to the same time last year, a 14.9 per cent increase. 

REALTORS® Association of Hamilton-Burlington July 2022 Statistics

To summarize, there were a total of 811 sales of residential properties within the entire REALTORS® Association of Hamilton-Burlington market area. This was a decrease of 18.5 per cent compared to the previous month. 

There were a total of 1,783 new listings in the entire market area, which was a 29.9 per cent decrease compared to June 2022. This was an increase of 18.6 per cent when compared to the same time last year. 

The average price of a residential property in the entire RAHB market area was $878,816. This was a 7.1 per cent decrease compared to the previous month. It was a decrease of 3.9 per cent when compared to the same time last year. 

“Unlike June’s figures, there are a number of anomalies in our July 2022 market report. While residential sales and new listings were down overall compared to June 2022, the average sale prices across the RAHB market area were down from June 2022, except in the apartment-style property category. Looking at individual markets, Niagara North experienced double-digit per cent growth of average sale prices in all property categories with the exception of the townhome segment, and Burlington saw a 14.2 per cent increase in average sale price in the apartment-style segment over June 2022. The July 2022 market statistics highlights the importance of consumers using a RAHB REALTOR® to help them navigate the intricacies of each local market.” — RAHB President Lou Piriano

For More Information About These Statistics 

If you would like a more in-depth matrix of these statistics, please refer to the Burlington Real Estate Statistics for July 2022.

Contact the VanDinther Team

Do you have any questions about the Burlington real estate statistics mentioned in this article? Please feel free to contact one of the members of the VanDinther team and they would be happy to help. 

If you’ve been thinking about listing your home but aren’t sure what it might be worth, give our “What’s My Home Worth” calculator a try. The VanDinther team has been working with clients in the Burlington and surrounding areas for decades and are here Helping You Make The Right Moves! 

Burlington Real Estate Statistics

Burlington Real Estate Statistics for June 2022

Real Estate Market Statistics for June 2022 

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 995 sales in June 2022 of residential properties within the RAHB market area. The statistics in this blog include the entire RAHB real estate market area and the Burlington real estate statistics. When it came to the number of sales, there was a 19.2 per cent decrease in sales month over month and a 37.8 per cent decrease when compared to the same time last year. 

RAHB reported that there were a total of 2,543 new listings in June 2022. This means there was a 3.2 per cent decrease month over month and a 27.1 per cent increase when compared to June 2021. 

When it came to the average price of a residential property in the entire RAHB market area, it was reported to have been $946,026 in June 2022. This was a decrease of five per cent when compared to the previous month and a nine per cent compared to the same time last year. 

Let’s now take a look at the first chart below and review the different areas with the Hamilton and Burlington areas. We’ll be able to compare the average price of a residential property and the number of sales to June 2021. Then we can take a closer look at the Burlington real estate statistics.

Residential Market Activity
Burlington Real Estate Statistics

When we review the above chart, Residential Market Activity, we can get a closer look at the Hamilton and Burlington real estate market. We can see what the average price of a residential property was in each area and compare that price to the previous year. The chart also allows us to see how many sales there were in each area and again, we can compare it to the same time last year. 

It was reported by RAHB that the Hamilton Mountain had the greatest number of residential sales within the Hamilton area, with a total of 145 sales. The average price of a residential property in this area was reported to have been $775,744 in June 2022. 

Hamilton Centre had a total of 43 sales in June 2022 with an average residential property price of $716,372. While it appears the number of sales saw a decrease, the property price had a clear increase when we compare it to the same time last year. 

Finally, we can take a look at the Burlington area, where there were a total of 198 sales, this is the greatest number of sales overall. The average price of a residential property in Burlington in June 2022 was reported to have been $1,250,673. Once again we can see that while there was a decrease in the number of sales, there was an increase in the average price of a property when compared to June 2021. We can now turn our attention to the map below and get a better look at each area within the Burlington real estate market. 

Average Residential Price by District 
Burlington Real Estate Statistics

The above map, Average Residential Price by District, illustrates each area within the Burlington real estate market. This way we can see what the total number of sales were for the month of June 2022 and the average price of a residential property. The sub areas that we need to take note of, that had the greatest number of sales were; 32, 34, and 35. 

It becomes clear that area 35, located in the most sought after neighbourhood in Burlington, Milcroft, had the greatest number of sales. With a total of 63 sales for June 2022 and an average residential property price of $1,129,387. 

Another sub area we can take note of was area 38, this area had a highest average residential property pice of $2,134,750. Area 38 had a total of 4 sales for the month of June 2022. In order to get a better look at how the overall Burlington real estate market did in June 2022 we can take a look at the final chart, Burlington Residential Table

Burlington Residential Table
Burlington Real Estate Statistics

The final chart that we’ll review in this blog is the above chart, Burlington Residential Table, it allows us to see the overall real estate statistics. It was reported by RAHB that there were a total of 198 sales in June 2022, this was a decrease of 39.1 per cent when compared to the same time last year. 

When it came to the number of new listings, it was reported that there were a total of 517 in June 2022. This was an increase of 21.6 per cent when compared to the same time last year. The average price of a residential property in Burlington was reported to have been $1,250,673 in June 2022, an increase of 9.9 per cent compared to the previous year. 

RAHB reported that the median price of a residential property in Burlington was reported to have been $1,020,000. This was an increase of 3.9 per cent when compared to June 2021. It’s interesting to review these numbers because we can get a good idea of where the market is and in some cases guess where it might be headed. Let’s now learn more about Detached, townhouse and apartment-style properties within the RAHB market area. 

Detached, Townhouse and Apartment-Style Properties

There were a reported 689 sales of detached homes within the entire RAHB real estate market area. This was a decrease of 19.2 per cent when compared to the previous month and a decrease of 35.3 per cent compared to June 2021. RAHB reported that the average price of this type of property was $1,054,851. This was a 7.5 per cent increase when we compare it to June 2021. 

The total of 182 sales of townhouses in the entire RAHB real estate market area in June 2022. This was a decrease of 23.8. per cent when we compare it to the previous month and a decrease of 40.5 per cent to the same time last year. Townhouse style properties had a total of 434 new listings, which was an increase of 25.8 per cent compared to the same time last year. The average price of a townhouse in the RAHB market area was reported to have been $775,511, an increase of 8.4 per cent compared to the same time last year. 

Apartment-style properties had a total of 114 sales in June 2022, which was a decrease of 47.7 per cent compared to the same time last year. There were 295 new listings, an increase of 13.9 per cent compared to June 2021. The average price of this type of property was $582,798, an increase of 9.1 per cent compared to the same time last year. Next we’ll summarize the real estate statistics that we just reviewed in this blog. 

The REALTORS® Association of Hamilton-Burlington June 2022 Statistics 

To summarize, the REALTORS® Association of Hamilton-Burlington reported a total of 995 sales of residential properties. This was a 37.8 per cent decrease when compared to the same time last year. This was within the entire RAHB market area in June 2022, with a total of 2,543 new listings.

RAHB reported that when it came to the number of residential sales within the entire market area, we saw that was a 19.2 per cent decrease in sales month over month. The average price of a residential property was reported to have been $946,026. This was 27.1 per cent increase when we compare it with the same time last year. 

“Similar to May, sales activity in June was below the five and ten-year historical averages. This was the experience for all dwelling types and sub-regions across the RAHB market area. In June, mortgage rates increased by 0.5 per cent, and as a result, some potential buyers have likely delayed their purchase because they may be taking a “wait and see” approach to the market or they can no longer qualify. The overall residential average sale price across the RAHB market area fell five per cent from May to $946,026, while the months of inventory climbed above the two-month mark for the first time in over two years. The increase in active listings signals a more balanced market where buyers have greater negotiation power and more options.” – RAHB President Lou Piriano. 

For More Information About These Statistics 

If you want a more in-depth matrix of these statistics, please refer to the Burlington Real Estate Statistics for June 2022

Contact Lori VanDinther and Team

You might have some questions about the Burlington real estate statistics for June 2022. Please feel free to contact Lori or one of her fantastic team members today. They would be more than happy to help answer any questions and work with you to find the right property. 

There’s a chance you might have been wondering what your home might be worth, give our What’s My Home Worth calculator a try and find out! Lori and her team have been working in the Burlington and surrounding areas for decades and are here Helping You Make The Right Moves! 

Real Estate Market Statistics for April 2022

Burlington Real Estate Statistics for April 2022

Real Estate Market Statistics for April 2022

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,298 sales in April 2022 of residential properties within the RAHB market area. These statistics include the entire RAHB real estate market area. This was a 20.7 per cent decrease in sales month over month and a 31.3 per cent decrease when compared to the same time last year. 

It was reported that there were 2,451 new listings in the entire RAHB real estate market area. This means that there was a 3.6 per cent decrease month over month and a 7 per cent decrease when compared to April 2021. 

The average price of a residential property within the RAHB market area was reported to have been $1,013,081. This was a 5.6 per cent decrease compared to March 2021 and an 18.2 per cent decrease compared to the same time last year. 

We can now review the chart below and learn more about the different areas within the RAHB market area. We can then compare the average sale price and the number of sales to the same time last year. 

Residential Market Activity 

Let’s review the above chart, Residential Market Activity, and get a closer look at Real Estate Market Statistics for April 2022. We can see what the average residential price was for a property in April 2022. This chart will also allow us to see the number of sales in each area as well and then we can compare that to the same time last year. 

RAHB reported that in Hamilton West there were a total of 62 sales in April 2022. It’s also clear that there was a decrease in sales, however, the average sale price of a residential property had an increase. The average price of a property in Hamilton West was reported to have been $827,556. 

In Hamilton Centre we also see the same when it comes to the number of sales versus the average price of a residential property. That while the cost of a property had a clear increase, the number of sales had decrease when compared to April 2021. The average price of a residential property in this area was reported to have been $680,043 and there were a total of 115 sales. 

Finally we can take a look at the Burlington area, it was reported that there were a total of 276 sales in April 2022. The average price of a residential property was reported to have been $1,228,723. Just as mentioned in the other two areas, we can see that while there was a clear decrease in the number of sales, we saw an increase in the average cost of a residential property. We can get an even closer look at the Burlington area by reviewing the below map, Average Price by District. 

Average Price by District

When we review the above map, Average Price by District, we are able to see not only the average price of a residential property within each area bit also the amount of sales. There are sub areas that we need to take note of, these areas had the greatest number of sales in April 2022, those sub areas are, 31, 32, 34 and 35.

Taking a closer look at the sub areas it becomes clear that area 35, located in Millcroft, had the greatest number of sales in April 2022. This area had a total of 99 sales with an average property price of $1,077,328. 

The sub area that had the highest average residential property price was area 38. The average price was reported to have been $1,897,500. This area had a total of 2 sales, but it is important to note that it did have the highest average residential property price. To get an overall look at Burlington’s real estate statistics for April 2022, we can now review the final chart the, Burlington Residential Table.

Burlington Residential Table

The final chart that we will be reviewing is the, Burlington Residential Table, this chart allows us to see the overall real estate statistics for Burlington. RAHB reported that in April 2022 there were total of 276 sales of residential properties. This was a 31.2 per cent decrease when we compare the number of sales to April 2021. 

New listings had a 4.7 per cent increase when compared to the same time last year, with a total of 517. The average residential property price was reported to have been $1,228,723, which is a 15.7 per cent increase compared to the same time last year.

With the median price having been $1,094,500 in April 2022, this was a 16.4 per cent increase compared to the previous year. It’s interesting to review these numbers because are able to understand the real estate market a bit better. It seems that while sales may have been lower in some areas the price of a residential property appeared to have increased in April 2022. 

Detached, Townhouse and Apartment-Style Properties

When it came to the number of detached homes within the RAHB real estate market area, there were a reported 867 sales. The average price of this type of property in April 2022 was reported to have been  $1,135,779, this was an increase of 18.9 per cent when compared to April 2021. 

Townhouse sales were reported by RAHB to have had a decrease of 27.7 per cent month over month. While they had a decrease of 38.9 per cent when compared to April 2021. The average price of a townhouse within the entire RAHB market area was reported to have been $865,862. This was an increase of 21.3 per cent when we compared it to the same time last year. 

The sales of apartment-style properties had a decrease of 15.6 per cent compared to the same time last year, with a total go 184 sales. It was reported that when it came to the average price of an apartment-style property there was an increase of 20.3 per cent, with the price being $647,411.

The REALTORS® Association of Hamilton-Burlington April 2022 Statistics 

To summarized, the REALTORS® Association of Hamilton-Burlington reported a total of 1,298 sales of residential properties. This was within the entire RAHB market area in April 2022, with a total of 2,451 new listings. We’re able to see that while the number of sales may have deceased in some areas, the average property price saw increases. 

The number of sales of residential properties saw a 20.7 per cent decrease month over month and had a 31.3 per cent decrease when compared to the same time last year. However, it was reported that the average price of a residential property had an 18.2 per cent increase when compared to the April 2021. With the average price of a property in the RAHB market area having been reported to be $1,013,081 in April 2022. 

“With the exception of last year, new listings coming to market exceed that of every other April for the last ten years. With the increase in inventory, buyers are finally experiencing more choices in the market. While inventory is still below the norm, we finally see signs of a more balanced market as the number of active listings increases.The rise in interest rates has likely attributed to a decrease in the number of sales month over month in every residential property category across the RAHB market area. While average prices remain strong, and still above the $1 million mark, we did experience another dip for the second month in a row.” – RAHB President Lou Piriano

For More Information About These Statistics 

Are you interested in learning more about the April 2022 Burlington real estate market statistics? Please refer to the Burlington Real Estate Statistics for April 2022 to learn more. 

Contact Lori VanDinther and Team 

If you have any questions about these April 2022 real estate statistics please feel free to contact Lori or one of her team members. There’s a chance you might be wondering what your home might be worth, give our What’s My Home Worth calculator a try! 

Lori VanDinther and her team are ready to connect and work with you to find the home of your dreams. You can connect by phone at 905) 632-2199, or by email at info@loriv.comWe’re looking forward connecting with you and working with soon!