Real Estate Market

Burlington Real Estate Market Statistics for November 2018

Residential-Market-Activity-Nov-2018
Residential Market Activity November 2018

In the chart above, Residential Market Activity, we can see the overall sales compared to this time last year. There were a total of 212 sales for the month of November. And we can see that the average cost of a home in Burlington has gone up and average sale price increased by 4%.

Burlington-Average-Residential-Price-by-District-Nov-2018
Average Residential Price by District November 2018

The Average Residential Price by District graph indicates to us that Burlington continues to do well from the escarpment to the bay. You’re also able to see the average cost of a home for the month. We’re also able to see that area 35 remains very hot with the most number of total sales (61) for November 2018.

Burlington-Residential-Table
Burlington Residential Table for November 2018

The above chart Burlington Residential Table which includes area 35, the neighbourhoods of Millcroft and Headen Forest, have done very well. We can see the sales activity was 212 for the month of November. And the total sales for Burlington and Hamilton were 862.

The Sales to New Listing Ratio was 17.2% – indicating that the overall residential market for the RAHB area is normal for this time of year. As it’s common to see these ratios during the months of November and December. The sales-to-listing-price ratio was 97.8% indicating that Burlington continues to do well overall.

For more information, please refer to RAHB’s Residential Market and MLS Home Price Index Report for November 2018. 

If you’re thinking of selling your home please make sure you contact us. We’re ready to help you find your new home.

Burlington Real Estate Market Statistics for October 2018

In the chart above, Residential Market Activity, we can see the overall sales compared to this time last year. There were 266 sales for the month of October. And we can see that the average cost of a home in Burlington has gone up and average sale price increased by 5.9%.

 

The Average Residential Price by District graph indicates to us that Burlington is doing well from the escarpment to the bay. You’re also able to see the average cost of a home for the month. And we can see that for October area 35 remains very hot.

 

The chart above, Hamilton-Burlington Residential Marketing Activity, includes area 35, are the neighbourhoods of Millcroft and Headen Forest. We can see the sales activity was 1,035 for the month of October.

RAHB reported 1,035 sales of residential properties. We find that for the month of October, The Sales to New Listing Ratio was 60.1% – indicating that the overall residential market for the RAHB area is in a balanced position.

With a Sales to Listing Price Ratio of 98.2%, we’re able to see that Burlington continues to do very well. Millcroft and Headen Forest continue to stay consistent and the average time a home is on the market at 31.6%.

“The single family market in the overall RAHB area remains in a balanced position, with a good inventory of homes for those looking for a detached property.” – RAHB CEO George O’Neill

For more information, please refer to RAHB’s Residential Market and MLS Home Price Index Report for October 2018. 

If you’re thinking of selling your home please make sure you contact us. We are ready to help you find the home you’ve been searching for.

 

Burlington Real Estate Market Statistics for September 2018

The chart above, Residential Market Activity for RAHB Areas, illustrates how much the average price for Burlington has changed and it’s showing us how much each area has changed since last year. We can see that there were a total of 247 sales for the month of September, which is an increase compared to last year.

 

The Average Residential Price by District graph indicates to us that Burlington is doing well from the escarpment to the bay. And that it continues to remain a hot area. You’re also able to see the average cost of a home for the month of September in each area.

The chart above, Residential Marketing Activity, includes area 35, which are the neighbourhoods of Millcroft and Headen Forest. We can see the sales activity was 86 for the month of September, down 2.4% but still up from 2016.

RAHB reported 948 sales of residential properties and a 4.6% increase over the same month last year. And that The Sales to New Listing Ratio was 50.1% – indicating that the overall residential market for the RAHB area is in a balanced position.

With a Sales to Listing Price Ratio of 98.4% we can see that this area of Burlington continues to do well. Millcroft and Headen Forest continue to stay consistent and the average time a home is on the market at 27.8%.

For more in-depth statistics and additional metrics, please refer to RAHB’s Burlington Residential Marketing Report for September 2018. 

And if you’re thinking of selling your home please make sure you contact us. We are ready to help you find what you’ve been dreaming of.