Real Estate Market

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Burlington Real Estate Market Statistics for April 2019

April 2019 Statistics Provided by RAHB

The April 2019 real estate market performed well when compared to the same month last year. And it’s looking like the spring market is off to a great start. It’s encouraging to see in terms of number of sales and the increase in residential properties. We’ll review two charts and one area map today and give you an overview provided by the REALTORS Association of Hamilton Burlington.

Residential Market Activity for RAHB Areas for April 2019
Residential Market Activity RAHB Areas APRIL 2019
Residential Market Activity RAHB Areas APRIL 2019

The Residential Market Activity chart indicated to us that Burlington saw 343 sales for the month of April 2019. That’s an increase of 39 sales compared to last year at the same time. It’s also clear that the cost of a residential property has increased as well.

This is promising to see as we look forward to seeing how the rest of the season goes and summer. Next let’s take a look at the Average Residential Price by District for April to see each area in Burlington performed in terms of sales and average price.

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

Burlington has had a strong start to spring and the above map illustrates this. You can see that the areas with the largest number of sales were the neighbourhood of Millcroft and Headon Forest. With a total number of 101 sales for April 2019 and an average residential property selling for $678,538. Other areas to note were 31, 34, 38.

And it’s clear that from the Bay to Highway #5 that Burlington had a great month. Now let’s take a look at the Burlington Residential Table and see a more in-depth look at the numbers for April 2019.

Burlington Residential Table
Burlington Residential Table
Burlington Residential Table

Let’s review the above Burlington Residential Table and learn more about what these numbers mean. The chart indicates to us that Burlington had another great month. There was an increase of 12% in sales activity with 343 sales. And there was a 4% increase in active listings with 536.

The average cost of a home in Burlington was $752,459 which is a 4% increase compared to the same time last year. These numbers are again indicating that Burlington had a stronger April 2019 then in 2018. RAHB stats for the entire market area are also very encouraging.

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RAHB Statistics For April

There were a reported 1,226 sales in the entire RAHB market area for April 2019. With a 6% increase from April last year and an 18.8% increase over March 2019 and a 66.8% increase over February 2019. And we learned that the average cost of a home was reported at $589,324 which was a 3.9% increase from April 2018.

“It’s encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017. Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for seller,” said RAHB President Bob Van de Vrande.

Contact Lori VanDinther

Have you been thinking about selling your home? Contact Lori today and she’ll be happy to discuss the next steps. And if you want to learn more about the Burlington market, Lori will be happy to go over with you.

stock market graph

Burlington Real Estate Market Statistics for March 2019

March 2019 Statistics Provided by RAHB

The 2019 stats are in for March and when we review the numbers we can see that they indicate to us how the market is performing. And it also indicates that we are heading into a strong spring market. Please review the charts and stats below for more information about the Burlington March 2019 stats.

Residential Market Activity
Residential Market Activity
Residential Market Activity

In March 2019, Burlington saw an increase in the number of sales as indicated in the above chart, Residential Market Activity. There was a total of 258 sales for the month with the average price of a property being $738,839.

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

By taking a look at the Average Residential Price by District map we can see how Burlington did in March 2019. We are able to see each area and what the average price was. March 2019 was a strong month for Burlington particularly in area 35 (Millcroft) where they saw a total of 77 sales. The map shows us that Burlington continues to do quite well from the beach all the way to HWY #5.

Burlington Residential Table
Burlington Residential Table
Burlington Residential Table

There’s a lot to be happy about when we review the above chart, Burlington Residential Table. Because we can see that Burlington has had a great month. March 2019 saw an increase of 7% in sales activity with a total of 258 sales. And an increase of 15% in the number of active listings or 500 for the month. And the average price of a property was $738,839 indicating to us that there was a 0% difference to March 2018.

RABH Statistics for March 2019

The stats provided by RAHB provide us with a lot of information that is very useful. This month for example we saw a 1% drop from March 2018 with a 40% increase over February 2019.

And the stats are indicating that there was a 74% increase over January 2019, these numbers are great for the spring market. The average home saw a 4.9% increase for the RAHB area at $575,099 from March 2018.

“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market. We experienced a 2% increase in the number of listings over last year, which means more overall choice for buyers.” – RAHB CEO George O’Neill

Contact Lori VanDinther

Have you been thinking about selling your home? Contact Lori today and she’ll be happy to discuss the next steps. And if you want to learn more about the Burlington market, Lori will be happy to go over with you.

Burlington Real Estate Market Statistics for February 2019

Residential Market Activity
Residential Market Activity for RAHB
Residential Market Activity for RAHB

Let’s take a look at the above chart, Residential Market Activity for RAHB Areas. Here we can see that the number of sales has increased slightly compared to the same time last year. With the total number of homes sold for February were 189. And with the average cost of a home being only down a bit to $670,602.

Average Residential Price by District
Average Price By District Burlington
Average Price By District Burlington

The Average Residential Price by District map is clearly indicating that Burlington did very well in February 2019. And when we look at the map we can see that area 35 did particularly well with a total of 69 sales. We can also see that Burlington overall did very well from the Burlington beach to HWY #5.

Burlington Residential Table
Burlington Residential Table
Burlington Residential Table

The Burlington Residential Table, is indicating to us that Burlington saw an increase of 25% or 418 sales for the month of February 2019. And the median price of a home during the last month was listed at $632,000. A home in Burlington was on the market for 15 days, that’s down 3% compared to the same time last year. And the chart includes the neighbourhoods of Millcroff and Headen Forest.

Feburary STATs Provided by RAHB

There was a reported 735 sales of residential properties for the month of February located in the RAHB areas. And we can see that there was also a 4% drop from the same time last year. And with the average price of a home for the entire area was up by 1.9% to $557,135.

“The trend for the past few months has been that more affordable properties and communities have been seeing gains, but this month the statistics vary regardless of the type of property and location. The numbers can change from one month to the next, and that’s why it’s best to work with a REALTOR® when buying or selling. They know their communities and have access to comprehensive data throughout the month.” – RAHB CEO George O’Neil

For More Information

To learn more and for a  more in-depth statistics and some additional metrics, please read the full report. And if you have any questions please feel free to contact Lori.

Contact Lori Today

If you’re thinking about making a move, make sure you contact Lori. And if you’ve been thinking about selling your home and want to know more about the Burlington market, Lori will be happy to go over with you.