Real Estate Trends

Real Estate Market Statistics

Burlington Real Estate Market Statistics for August 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for August 2020 were provided by the REALTORs Association of Hamilton-Burlington (RAHB). In August 2020, there were a reported 1,272 sales of residential properties. Sales were reported to be down by 21.4% compared to the same time last year, and up 12.7% compared to August 2019.

Burlington Residential Table

Burlington Residential Table
Burlington Residential Table

When look at the above chart, Burlington Residential Table, we can see that there was a total of 261 sales. That’s a decrease of only 16% and there was a total of 319 new listings. The average property price for Burlington was up 13% to $865,068.

The median price of a residential property saw an increase of 16% to $794,000. The Burlington real estate market saw a total of 335 active listings, a decrease of 9% compared to the same time last year.

Average Residential Price by District

Residential Price by District

The above map, Average Price by District, illustrates each area in Burlington. Areas to note for August 2020 were 31, 34 and 35, each of these areas had the highest amount of sales. The area with the highest average property price was once again, area 38 with the average pice being $1,506,667.

Another area to more with one of the highest average sales price was area 33. The average property price in this area was $1,272,588 and the area had a total of 26 sales for the month of August. Burlington’s most sought after neighbourhood, Millcroft (area 35) saw a total of 71 sales with an average property price of $803,497.

RAHB Statistics for August 2020

August 2020 real estate statistics saw a total of 1,272 sales of residential properties. When compared to the same time last year, sales were down 21.4%, and up 12.7% compared to August 2019.

New listings in Burlington saw a 3% increase, with a total of 261 sales of residential properties. The average price of a residential property saw an increase of 13% to $856,056. With the average price of a residential property in the entire RAHB area being $694,690, which is an increase of 0.24% from last month, and up 16.3% from August 2019.

““This month’s activity was in line with what we would typically see for August; however, due to COVID-19 the trends for the year are not what we would normally experience. Over the Spring, we saw lower than normal activity, but a balance between supply and demand. Into the Summer months we saw an increase in activity where we would normally see a decrease. As we move into the Fall, we would expect a return to higher activity. With the potential for a second wave of the virus we don’t want to make any predictions, but RAHB REALTORS® will continue to find houses for buyers and buyers for sellers in a healthy and safe way.” – RAHB President Kathy Della-Nebbia.

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

Wooden house with magnifier and calculator

Burlington Real Estate Market Statistics for June 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for June 2020 have been provided by The REALTORs Association of Hamilton-Burlington (RAHB). There were a reported 1,304 sales of residential properties within the entire RAHB market area. The good news is that the sales are up by 53% over May 2020 and up 0.2% when compared to June 2019.

Burlington Residential Table – June 2020
Real Estate Statistics Burlington Residential Table
Burlington Residential Table

In June 2020 the average price of a residential property in Burlington was up by 12% to $872,398, and the median price saw an increase of 8% to $751,000. The median price say an increase of 15% to $810,000. It was also reported that the new listings saw an increase of 7% with a total of 459.

The real estate market has seen some increases in June with a total of 319 sales in the Burlington area. With an average 18.8 days on the market, we can see that sales are moving at a faster rate than they were in May.

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

When we look at the above map, Average Price by District, we can how each neighbourhood in Burlington did in terms of the average residential sale price and the number of homes sold at that price. Sub areas to note are; 31, 34 and 35.

The area with the highest average property price was area 38 with the average pice being $1,655,000. Area 35, the neighbourhood of Millcroft had an average price of $788,726 with 97 properties sold in June 2020.

RAHB Statistics for June 2020

In June 2020 the REALTORs Association of Hamilton-Burlington reported that there were a total of 1,304 sales of residential properties. With sales seeing an increase of 53% compared to May 2020. However, there was a 0.2% decrease in sales over June 2019, but the average price of a property saw an increase of 13.7% to $675,223 and up 3% from May 2020.

“With the reopening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout the RAHB market area. Typically, spring is busier than summer; however, COVID-19 seems to have pushed the market back by a few months. “Throughout the pandemic, the average price of residential properties in our market has held steady. If Ontario’s recovery from COVID-19 continues, we shouldn’t see a decrease; however, we are cautious that any relapse or a second wave could slow activity and affect average price.” – RAHB President Kathy Della-Nebbia

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. If you’re looking for more information about market up dates related to COVID-19, Lori will be happy to help answer those questions as well. Or you might be looking to put your property on the market, please contact Lori and her team and they’ll be happy to help.

Housing Market Outlook

Burlington Real Estate Market Statistics for May 2020

Burlington Real Estate Market Statistics

The Burlington Real Estate Market Statistics for May 2020 have been provided by The REALTORs Association of Hamilton-Burlington. We can see when we take a look at the numbers that even though some percentages may be down when compared to the same times last year, the market still continues to be active, due to a balance of buyers and sellers.

Burlington Residential Table – May 2020
Burlington Residential Table MAY 2020
Burlington Residential Table MAY 2020

It was reported that the average price of a residential property in Burlington was up by 12% to $834,808, and the median price saw an increase of 8% to $751,000. However, listings saw a decrease of 49% with a total of 283 for May 2020. We can also see that sales were down by 48%, with a total of 189.

These decreases in overall numbers are due to the fact that we are in the middle of a global pandemic. But despite these circumstances, the real estate market continues to push forward. Because buyers still need to buy and sellers still need to sell. Even though active listings might have been down by 30% the numbers of days homes remained on the market was unchanged.

Average Residential Price by District
Average Price by District for May 2020
Average Price by District for May 2020

The above map, Average Price by District illustrates how each neighbourhood in Burlington did in terms of the average residential sale price, plus the number of homes sold at that price. Sub areas to note are; 31, 34 and 35. The area with the highest average property price was area 5 with the average pice being $1,682,500. Area 35, the neighbourhood of Millcroft had an average price of $741,531 with 5 properties sold at that price.

RAHB Statistics for May 2020

It was reported by the REALTORs Association of Hamilton-Burlington that there were 852 sales of residential properties in May 2020. It’s also important to note that sales were down 42.2% over May 2019, and up 43.4% when compared to April 2020. The average residential property was reported to be up by 10% to $655,418, and up 6.3% compared to last month. 

“New listings and sales are understandably down compared to May 2019; however, the average sale price has held fairly steady week-over-week during COVID-19 due to a balance of buyers and sellers. The province moving safely into phase one of re-opening has improved consumer confidence, leading to an increase in activity compared to April. If progress continues and the weather cooperates, we should expect higher activity in June.” – RAHB President Kathy Della-Nebbia 

Contact Lori VanDinther and Team Today

There’s a lot going on in the world and we know you might have some questions. Or you might be looking to put your property on the market. We can help you’re looking for more information about market up dates related to COVID-19 or have any questions about these statistics, you can contact Lori and her team today.