Real Estate Market

Pile of statistical business reports.

Burlington Real Estate Market Statistics for July 2019

July 2019 Statistics Provided by RAHB

The July 2019 statistics were provided by the REALTORs Association of Hamilton-Burlington (RAHB). July 2019 saw a 10.9% increase from July 2018 in the sales of residential properties.

Single family homes also saw an increase by 13.1% compared to the same time last year. And it was also reported that the average listing price for a single family home in Burlington increased by 7.2% to $767,293.

We’ll review and summarize the July market statistics for the Burlington real estate market. Below is the first chart, Residential Market Activity, it shows us the sales and average cost of a residential property in Burlington, Hamilton and the surrounding areas.

Residential Market Activity for RAHB Areas
Residential-Market Activity for RAHB Areas July 2019
Residential-Market Activity for RAHB Areas July 2019

The above chart, Residential Market Activity for RAHB Areas, indicates to us that Burlington had a very strong July 2019. Burlington had a reported 276 sales with an average listing price of $767,293.

This clearly shows us that there’s been an increase in both the average listing price and the number of sales. We clearly see this when we compare the number to July 2018.

Let’s now take a look the map below, Average Residential Price by District. So that we can get a better idea of what the month looked like in terms of sales and average price of a residential property in each area.

The Average Residential Price by District 
Average Residential Price by District July 2019
Average Residential Price by District July 2019

The above map, Average Residential Price by District that was provided by the REALTORs Association of Hamilton-Burlington. This map is a great tool when we want to better understand each individual area.

It becomes clear right away that the area with the highest number of residential properties was Millcroft (35). This is Burlington’s most sought after neighbourhood. And the numbers indicate that this remains true for the month with a total of 84 sales. And with an average listings price of $719, 338.

Overall Burlington had a strong July and from the Bay to Highway #5 we can see the evidence of this. The next chart, Burlington Residential Table for a more in-depth look at the numbers.

Burlington Residential Table

Burlington Residential Table July 2019
Burlington Residential Table July 2019

Our final chart, Burlington Residential Table illustrates how Burlington’s market did for the month of July. We can see that there were a total of 359 new listings and 484 active listings.

And with the median price being $700,000 which is only a 1% increase from the same time last year. The market remains very steady as we get closer to the fall market.

Finally we can take a look at the average number of days a property was on the market in July, which was 28 days. Lets now turn our attention to some more RAHB statistics.

RAHB Statistics for July

For the month of July it was reported that there were a total of 1,170 sales of residential properties for the entire RAHB market area. This is a 10.9% increase when compared to the same time last year. And with the average listing price seeing a 0.9% increase from July 2018 to $593,702.

“A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer. Average prices have stayed fairly stable since the spring high, which could point toward a healthy fall market when we could see the number of sales edge higher again.” – RAHB President Bob Van de Vrande .

For More Information

If you would like to learn more about these statistics and for a more in-depth report, please refer to the press release provided by RAHB.

Contact Lori

Now might be the time to contact Lori and she provide more information about market. And Lori can also help you find your dream home. Have you ever wondered what your home is worth? Try the What’s My Home Worth calculator today and find out.

House shaped Welcome mat

Burlington Real Estate Market Statistics for June 2019

June 2019 Statistics Provided by RAHB

The June 2019 statistics have arrived and were provided by the REALTORs Association of Hamilton-Burlington (RAHB). The stats indicate a 4.2% increase from June last year in the sale of residential properties.

It’s important to note that there was also an increase in the sale of single family homes by 11.6% over the same time last year. As well as an increase in the average sale price by 4.9% to $786,667.

This blog will review and summarize the statistics for June. We can see how much a property was in your neighbourhood and what the sales were like. Below is the first chart, Residential Market Activity, reviewing the sales and average cost of a residential property in Burlington and the surrounding areas.

Residential Market Activity for RAHB Areas
Residential Market-Activity for RAHB Areas June 2019
Residential Market Activity for RAHB Areas June 2019

When we review the above chart, Residential Market Activity, it becomes clear that Burlington saw an increase in the average sale price of a residential property to $786,667. While there was a slight decrease in the total number of sales for the month of June when compared to the same time last year.

We can now turn our attention to the map below, Average Residential Price by District. And get a better idea of what the month looked like in terms of sales and average price of a residential property in each area.

The Average Residential Price by District 
Average Residential Price by District June 2019
Average Residential Price by District June 2019

The Average Residential Price by District map provided by the REALTORs Association of Hamilton-Burlington illustrates each individual area. We’re able to better understand how each area in Burlington did during the month of June. And we can see each average cost of a residential property and how many sales there were.

It becomes clear that the area with the highest number of sales was Burlington’s most sought after neighbourhood, Millcroft. With 38 sales at an average sales price of $686,452. Lets now draw our attention to area 38 which had the most expensive properties in Burlington at $1,505,571.

From highway #5 to the Burlington Bay it’s very clear that for the month of June Burlington remains strong and steady. The next chart we need to review is the Burlington Residential Table for a more in-depth look at the numbers. 

Burlington Residential Table
Burlington Residential Table June 2019
Burlington Residential Table June 2019

By reviewing the Burlington Residential Table we can get an more in-depth look at the overall numbers for June. We can see that there were a total of 414 new listings and 514 active listings. And once again we can see that the average cost of a property was $786,667. This is an increase of 11% compared to the same time last year.

And finally there has been a decrease in the number of days that a property remains on the market. There are a lot of positive numbers in the above chart. Lets turn our attention to some more RAHB statistics about the entire RAHB market area.

RAHB Statistics for June 2019

There were a reported 1,203 sales of residential properties located in the RAHB market area for June. This was a 4.2% increase compared to June 2018. The average price of a residential property also saw an increase of 5.2% from June 2018 to $593,549.

“The number of sales and average price is up over 2018, showing that the market is edging higher since it balanced out last year. Sales have dropped compared to May and April of this year, but paired with a decrease of about 4% in the number of new listings this could indicate the market is tightening.” – RAHB President Bob Van de Vrande.

For More Information

If you would like to learn more about these statistics and for a more in-depth report, please refer to the press release provided by RAHB.

Contact Lori

Have you been thinking about selling your home? Now is the time to contact Lori and she can not only provide you with more information about market, she can also help you find your dream home. Have you ever wondered what your home is worth? Try Lori’s What’s My Home Worth calculator today.

Chart

Burlington Real Estate Market Statistics for May 2019

May 2019 Statistics Provided by RAHB

The statistics for the Burlington real estate market are here and we can see that the spring market has been a busy one. With sales that have increased to double digits and a 30.2% increase over March 2019 and the cost of homes remaining steady with only a small increase.

Our blog summarizes the RAHB market statistics so that you can see how much a property was in your neighbourhood and what the sales were like. Below is the first chart, Residential Market Activity, comparing May 2019 and May 2018 for Burlington and the surrounding areas.

Residential Market Activity for RAHB Areas 
Residential Market Activity for RAHB Areas MAY 2019
Residential Market Activity for RAHB Areas MAY 2019

For the month of May 2019 Burlington had a total of 337 sales indicating that May 2019 was a strong month for Burlington. We can see these numbers in the above chart, Residential Market Activity. Overall the numbers mean that Burlington has remained steady

We can look deeper into the costs of properties by area when we look at the map below, The Average Residential Price by District. The average cost of a property in Burlington however was $733,410, only a slight difference compared to the same time last year. 

The Average Residential Price by District 
Average Residential Price by District May 2019
Average Residential Price by District May 2019

When we take a look at the map, The Average Residential Price by District, we can see that it indicates how each neighbourhood did in terms of both sales of residential properties and the average cost of a home. 

The neighbourhood with the highest amount of sales was Millcroft, which is no surprise as it is one of the most sought after areas. The area with the highest costing properties was sub area 38 at $1,050,500.

From the Bay to highway #5 it’s clear that Burlington has had a great month. Now let’s take a look at the Burlington Residential Table for a more in-depth look at the numbers. 

Burlington Residential Table 
Burlington Residential Table May 2019
Burlington Residential Table May 2019

Lets look at the above chart, Burlington Residential Table, to better understand the statistics for May 2019. There was a total of 529 new listings with an average cost of a property of $733,410. The chart is also indicating to us that a property in Burlington had an average of 25 days on the market.

RAHB Statistics for May 2019 
For Sale, Sold

There was a reported 1,344 sales of residential properties in the RAHB market area. May saw a 10.9% increase from May last year, 9.6% increase over April 2019 and a 30.2% increase over March 2019. RAHB also reported that the average price of a residential property increased by 6.9% from May 2018 to $533,702. 

“The number of sales increased double digest over last year and the number of new listings decreased by 5.2%, indicating that we are in the thick of a busy spring market for sellers. And prices only increasing an average of 0.9% over last year means buyers haven’t watched prices soar while they find the perfect home.” RAHB President Bob Van de Vrande. 

For More Information 

If you would like to learn more about the report, please refer to the press release provided by RAHB

Contact Lori

Have you been thinking about selling your home? Contact Lori and she can provide more knowledge about the latest market and work with you to find your dream home. And if you want to know what your home is work, please try Lori’s, What’s My Home Worth calculator.