Real Estate Trends

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 Tabl
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.

Burlington Real Estate Market Statistics for January 2019

Residential Market Activity
Residential Market Activity
Residential Market Activity

When we take a look at the above chart for the January stats, Residential Market Activity for RAHB Areas. We can see that compared to the same time last year that the number of sales has increased. We can also see that compared to any of the other areas that Burlington is in the lead when it comes to the number of sales. Burlington January stats indicate there were a total of 143 sales. And the average cost of a home for the month of January had increased and was $712,040.

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

The Average Residential Price by District map is clearly indicating to us that Burlington did quite well in January 2019. We can see that from the lake to HWY #5 there was a great number of sales. Areas to note are 30, 31 and 35, these area were the ones with the highest number. You’re also able to see what the average cost of a home in each area.

Burlington Residential Table
Burlington Residential Table
Burlington Residential Table

Let’s take a look at the above chart, Burlington Residential Table, we can see that it clearly indicates Burlington has done well for the month of January. This chart includes the neighbourhoods of Milcroft and Headen Forest.

And when we look at the chart we can clearly see that the average cost of a home has increased by 5% to $712,040. The amount of time a home is on the market has increased by a small amount and was 23.3 days. The amount of new listings has increased and was 322, with the number of sales having increased by 4% to 143.

January STATs Provided by RAHB

There was a reported 593 sales for the month of January located in the RAHB areas. There was also a 3.6% drop from the same time last year. And the average price of a home for the entire area was up by 4.7% to $550,058.

“This is a promising start to 2019. For sellers, the average price of a home has increased over 100% since 2009. For buyers, sales activity has slowed, the number of new listings has increased, and we are sitting firm in a balanced market. The January numbers have picked up since the downturn we experienced in December.” – RAHB CEO George O’Neil. 

For more information

If you’re looking for a more in-depth statistics and some additional metrics, please read the full report, RAHB’s REALTORS® RELEASE JANUARY STATISTICS 

Contact Lori VanDinther

Please make sure you contact us If you’re thinking about selling your home. We’re ready to help you find what you’ve been dreaming.

Annual Burlington Real Estate Market Statistics for 2018

Residential Market Activity 

Annual Residential Market Activity Areas 2018
Annual Residential Market Activity Areas 2018

Take a look at the chart, Residential Market Activity and you can see that Burlington had a total of 2,909 sales in 2018. That’s the most compared to any other area listed in the Burlington Real Estate Market Statistics for 2018. The average cost of a home has only gone down slightly. In Burlington the average cost of a home was $735, 602 for 2018.

Average Residential Price by District 

Average Price by District for 2018
Average Price by District for 2018

The Average Residential Price by District map is clearly indicating to us that Burlington did very well in 2018. We can see that area 35 remains very hot, with the a total of958 sales for 2018. And the cost of a home was the highest in area 54, where the average cost of a home in 2018 was $1,461,689.

Burlington Residential Table 

Annual Burlington Residential Table 2018
Annual Burlington Residential Table 2018

The Burlington Residential Table including area 35 which are the neighbourhoods of Millcroft and Headen Forest, continue to do well. The chart indicated that for 2018 the average cost of a home was $735, 602 and the average amount of time it remained on the market was 29.9 days.

Annual Burlington Real Estate Stats for 2018

In the report Burlington Real Estate Market Statistics for 2018 by RAHB indicated that for 2018 listings were down 9.2%. When that’s compared to 2017 we can see that sales were down 17.5%.

However, the report also indicated that the overall price of a home was only down 1.5% from the previous year. And when we look at the cost of a home over the entire decade. The average cost of a property within the RAHB market area, has gone up by 100.2% in the last decade. And finally, sales located in the RAHB area for the year were a reported total of 11,882.

“The 2018 real estate market levelled out from the eventful years of 2016 and 2017. The market went from a strong, prolonged seller’s market to a balanced market where buyers had more time to view and compare properties before putting in an offer to purchase.” – RAHB CEO George O’Neill.

Contact Lori Today

If you’re thinking about selling your home and want to learn more about the Burlington Real Estate Market Statistics for 2018, please make sure you contact us. Our team ready to help you better understand these stats and to help you find your new home.