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%.
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.
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.