Residential Market Activity
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
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 Tabl
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.