Real Estate Trends

Burlington Real Estate Statistics

Burlington Real Estate Statistics for August 2022

In this articles we’ll be reviewing the Burlington Real Estate Statistics for August 2022. The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 906 sales of residential properties within the RAHB market area. The sales of residential properties had an increase of 11.7 per cent from the previous month. However, there was a decrease of 24.2 per cent when compared to August 2021. The real estate statistics in this article reflect both the Burlington area and the entire RAHB market. 

RAHB reported that there was a total of 1,641 new listings in August 2022. When we compare the number of new listings to the previous month we can see there was an eight pre cent decrease. However, when compared to August 2021 there was an increase of 20 per cent. 

The average price of a residential property within the entire RAHB market area was reported to have been $858,405. This was a 2.3 per cent decrease compared to July 2022 and an increase of two per cent compared to the same time last year. 

Let’s now take a look at the first chart, Residential Market Activity, and get a closer look at each area within the Burlington and Hamilton real estate market. We’ll be able to see the total number of residential sales as well as the average price of a property in Burlington and compare that to the other areas. 

Residential Market Activity

Burlington Real Estate Statistics

The above chart, Residential Market Activity, gives us the opportunity to compare and contrast both the average price of a residential property and the number of sales within each area. The areas that we can review are in Hamilton and Burlington real estate market.

It was reported by RAHB that the area with the greatest number of sales within the Hamilton market was the Hamilton Mountain. This area had a total of 126 sales and an average residential property price of $745,741. While there was a decrease in the number of sales, we can see there was an increase in the average property price. This is clear when we compare it to the previous year. 

The next area we’ll review is Hamilton Centre, this area had a total of 79 sales and an average property price of $543,768. Similarly to the Hamilton Mountain, this area saw a decrease in the number of sales but an increase in the average residential property price in August 2022. 

It’s clear that Burlington had the greatest number of sales in August 2022 when compared to the other areas listed in the above chart. Burlington had a total of 209 sales of residential properties in August 2022. 

This was a slight decrease when compared to the same time last year. The average price of a residential property was reported to have been $1,038,930, a slight decrease when compared to August 2021. Let’s now take a look at the below map and get a closer look at the Burlington real estate market. 

Average Residential Price by District 

Burlington Real Estate Statistics

The above map, Average Residential Price by District, illustrates the Burlington real estate market. The map then breaks the city down into sub areas and allows us to see the average price of a home and the total number of sales in August 2022. Sub areas that we need to take note of for August 2022 that had the greatest number of sales are, 31, 32, 34 and 35. 

Area 35 is the most sought after area and is in the Milcroft neighbourhood. This area had the greatest number of sales in the Burlington real estate market with a total of 69 sales. The average price of a residential property in this area was $1,024,788. List below are the other sub areas that had the greatest number of sales and their average residential property price. 

  • Area 31 — 37 sales and an average residential property price of $1,007,751
  • Area 32 — 24 sales and an average residential property price of $974,839
  • Area 34 — 33 sales and an average residential property price of $987,242

While each of the areas listed above had a great number of sales for the month of August 2022, there are other areas you can review. You might even want to located the area that you live in and get an idea of what a residential property might have sold for on your street. Next we’ll review the final chart the Burlington Residential Table. 

Burlington Residential Table

Burlington Real Estate Statistics

The final chart that we’ll review in this article is the Burlington Residential Table. This table gives us the chance to see a more detailed look at the August real estate market in Burlington. RAHB reported that there were a total of 360 new listings which was an increase of 11.7 per cent compared to August 2021. 

When we look at the number of sales in August 2022 we can see that there were a total of 209 sales. This was a decrease of 10.3 percent when compared to the same time last year. The average price of a residential property in Burlington was reported to have been $1,038,930. This was only a small decrease of 1.5 per cent when compared to August 2021. 

The median price was $939,900 and was a very small decrease when compared to the same time last year. There are a lot of numbers to review and compared in this chart, helping us to better understand the Burlington real estate market. There are three different types of properties that RAHB reports on and below is a break down of each of these property types. 

Detached, Townhouse and Apartment-Style Properties

It was reported by RAHB that there were a total of 562 sales of detached properties in August 2022. This was a decrease of 23.7 per cent when compared to the same time last year. There were a reported 1,077 new listings of this type of property, which was an increase of 20.2 per cent compared to August 2021. The average price of a detached property within the RAHB market area was $963,565. This was an increase of 1.4 percent compared to August 2021. 

Townhouse properties had a total of 178 sales within the entire RAHB market area. This was an 11.9 per cent increase when compared to the pervious month. However, it was a decrease of 24.9 per cent when compared to the same time last year. 

There were 256 new townhouse listings, this was an increase of 16.4 per cent compared to August 2021. When it came to the average price of this type of property, it was reported to have been $749,344. Which was a very small increase of only 0.4 per cent compared to the previous year. 

The final property type we’ll review is the apartment-style property, which had a total of 108 sales in August 2022. This was a 31.6 per cent decrease when compared to August 2021. There were 221 new listings of apartment-style properties in August 2022, an increase of 22.1 per cent compared to the same time last year. The average price of this type of property was reported to have been $570,666. This was an 8.7 per cent increase compared to the same time last year. 

REALTORS® Association of Hamilton-Burlington August 2022 Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 906 sales of residential properties within the entire RAHB market area in August 2022. This was a 24.2 per cent decrease when compared to August 2022. 

There were a reported 1,641 new listings within the entire RAHB real estate market area in August 2022. This was a 20 per cent increase when compared to the same time last year.  

The average price of a residential property within the entire real estate market was reported to have been $858,405. This was a small increase of only two per cent when we compare it to the previous year. 

“RAHB witnessed a rare occurrence for August 2022 as the number of sales increased and the number of new listings to market dropped from July 2022. As this is not a typical pattern for August, this may suggest that sales activity may have bottomed out in July. Meanwhile, RAHB is again seeing certain areas and property categories performing better than others. For example, Haldimand County experienced an overall residential average sale price increase of 3.9 per cent, and the townhouse segment in Burlington saw an average sale price bump of 5.6 per cent. With these variations in mind, contacting a RAHB REALTOR® before you buy or sell remains a key element to help you navigate the local market.” — RAHB President Lou Piriano.

For More Information About These Statistics 

If you would like a more in-depth matrix of these Burlington Real Estate Statistics, please refer to the Burlington Real Estate Statistics for August 2022.  

Contact the VanDinther Team

You might have some questions about the Burlington Real Estate Statistics mentioned in this blog. Please feel free to reach out to the VanDinther Team and someone will be happy to help answer any of your questions. 

Have you been wondering what your home might be worth? Give our “What’s My Home Worth” calculator a try and find out. The VanDinther Team has been working with clients in the Burlington and surrounding areas for decades and are here to Help You Make The Right Moves!

Burlington Real Estate Statistics

Burlington Real Estate Statistics for July 2022

Real Estate Statistics for July 2022

The statistics mentioned in this article include the entire RAHB market area, as well as a strong focus on the Burlington market. The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 811 sales in July 2022 of residential properties within the RAHB market area. The sales of residential properties had a decrease of 18.5 per cent from the previous month. There was also a decrease of 35.6 per cent when compared to July 2021. 

It was reported by RAHB that there was a total of 1,783 new listings within the entire real estate market area. This was a decrease of 29.9 per cent compared to June 2022 and a decrease of 18.6 per cent compared to the same time last year. 

The average price of a residential property within the RAHB market area was $878,816 in July 2022. This was a decrease of 7.1 per cent from the previous month and an increase of 3.9 per cent compared to July 2021. 

We can now take a look a the below chart, Residential Market Activity and get a look at each area within the RHAB market area. We can also see the total number of sales in Burlington as well as the average price of a residential property. 

Residential Market Activity 

Burlington Real Estate Statistics

The above chart, Residential Market Activity, allows us to get a closer look at the Hamilton and Burlington real estate market. We’re able to see what the average price of a residential property was and how many sales there were in July 2022. Then we can compare those numbers to the previous year. 

It was reported by RAHB that the Hamilton Mountain had the greatest number of sales within the Hamilton market. With a total of 104 sales, we can see that there was a decrease compared to the same time last year. However, when it came to the average price of a residential property we can clearly see there was an increase. The average price of a property in this area in July 2022 was $753,980.

The next area that we’ll take note of is Hamilton Centre. This area had a total of 73 sales it’s the area with the second greatest number of sales within the Hamilton market. We can see that there was decrease in the number of sales when compared to the same time last year. However, just like the Hamilton Mountain we can see that there was an increase in the average price of a property. The average price of a property in this area was $596,425. 

Finally we can take a look at the Burlington area, this area had the greatest overall sales with a total of 182 sales in July 2022. The average price of a residential property in Burlington was $1,142,997. 

Similarly to both the Hamilton Mountain and Hamilton Centre, we can see that there was a decrease in the number of sales but an increase in the average price of a property. Let’s move on the map below and take a closer look at the Burlington real estate market.

Average Residential Price by District 

Burlington Real Estate Statistics

The above map, Average Residential Price by District, illustrates the different areas within the Burlington real estate market. It allows us to see the total number of sales for each sub area and what the average price of a property was in July 2022. The sub areas that we need to take note of, that had the greatest number of sales were, 31, 34 and 35. 

Located in area 35 is the sought after neighbourhood of Milcroft. This area had the greatest number of sales with a total of 54 sales and an average residential property price of $1,089,829. Another sub area we can take a look at is area 34, with a total of 33 sales and an average residential property price of $1,071,912. The last sub area that we can look at is area 31, with a total of 23 sales and an average property price of $1,132,348. 

You can continue to review this map and see what each area within the Burlington market had in terms of sales and property price for the month of July 2022. Let’s now review the final chart in this article, the Burlington Residential Table.

Burlington Residential Table

Burlington Real Estate Statistics

The final chart to review is the, Burlington Residential Table, which allows us to get a look at the overall Burlington real estate statistics for July 2022. It was reported by RAHB that there were a total of 364 new listings, this was an increase of 20.1 per cent compared to the same time last year. 

When it came to the number of sales in July 2022, we can see that there was a total of 182 sales. This was a decrease of 29.5 per cent when we compare it to the same time last year. There were 364 new listings in July 2022, this was an increase of 20.1 per cent compared to the previous year. 

It was reported that the average price of a residential property in the Burlington real estate market area was $1,142,997. This was an increase of 10.3 per cent compared to the same time last year. The median price of a property was reported to have been $1,020,000. This was an increase of 4.9 per cent compared to July 2021. 

The next real estate statistics that we’re going to review are the detached, townhouses and apartment-style properties within the RAHB market area. We’ll take a closer look at these different types of properties and compare them to the same time last year. 

Detached, Townhouse and Apartment-Style Properties

The REALTORS® Association of Hamilton-Burlington reported a total of 513 sales detached properties within the entire RAHB market area. This was a decrease of 25.5 per cent compared to June 2022 and a decrease of 37.3 per cent compared to July 2021. 

The average price of this type of property was $985,363. This was a decrease of 6.6 per cent compared to the previous month. However, it was an increase of 4.4 per cent compared to the same time last year. There were a total of 1,146 new listings of detached properties, which was a decrease of 36 per cent from the previous month and an increase of 19.9 per cent compared to July 2021. 

Townhouse sales in the entire RAHB market area saw a total of 159 sales, a 12.6 per cent decrease compared to the previous month. It was a decrease of 28.7 per cent when compared to the same time last year. 

There were 311 new listings of townhouse properties in July 2022. This was a decrease of 28.3 per cent compared to June 2022 and a decrease of 13.1 per cent compared the same time last year. The average price of this type of property was $751,397, a decrease of 3.1 per cent compared to the previous month. It was an increase of 2.1 per cent when we compare it to July 2022. 

When we take a look at apartment-style properties we can see that there was a total of 96 sales in the entire RAHB market area. This was a 15.8 per cent decrease compared to the previous month and a 39.2 per cent decrease compared to July 2021. 

It was reported that there were 223 new listings of apartment-style properties in July 2022. This was a decrease of 2.1 per cent from June 2022 and an increase of 10.4 per cent compared to July 2021. The average price of this type of property was $598,852, a 2.8 per cent increase compared to the previous month. It was also an increase compared to the same time last year, a 14.9 per cent increase. 

REALTORS® Association of Hamilton-Burlington July 2022 Statistics

To summarize, there were a total of 811 sales of residential properties within the entire REALTORS® Association of Hamilton-Burlington market area. This was a decrease of 18.5 per cent compared to the previous month. 

There were a total of 1,783 new listings in the entire market area, which was a 29.9 per cent decrease compared to June 2022. This was an increase of 18.6 per cent when compared to the same time last year. 

The average price of a residential property in the entire RAHB market area was $878,816. This was a 7.1 per cent decrease compared to the previous month. It was a decrease of 3.9 per cent when compared to the same time last year. 

“Unlike June’s figures, there are a number of anomalies in our July 2022 market report. While residential sales and new listings were down overall compared to June 2022, the average sale prices across the RAHB market area were down from June 2022, except in the apartment-style property category. Looking at individual markets, Niagara North experienced double-digit per cent growth of average sale prices in all property categories with the exception of the townhome segment, and Burlington saw a 14.2 per cent increase in average sale price in the apartment-style segment over June 2022. The July 2022 market statistics highlights the importance of consumers using a RAHB REALTOR® to help them navigate the intricacies of each local market.” — RAHB President Lou Piriano

For More Information About These Statistics 

If you would like a more in-depth matrix of these statistics, please refer to the Burlington Real Estate Statistics for July 2022.

Contact the VanDinther Team

Do you have any questions about the Burlington real estate statistics mentioned in this article? Please feel free to contact one of the members of the VanDinther team and they would be happy to help. 

If you’ve been thinking about listing your home but aren’t sure what it might be worth, give our “What’s My Home Worth” calculator a try. The VanDinther team has been working with clients in the Burlington and surrounding areas for decades and are here Helping You Make The Right Moves! 

Real Estate Market Statistics for April 2022

Burlington Real Estate Statistics for April 2022

Real Estate Market Statistics for April 2022

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,298 sales in April 2022 of residential properties within the RAHB market area. These statistics include the entire RAHB real estate market area. This was a 20.7 per cent decrease in sales month over month and a 31.3 per cent decrease when compared to the same time last year. 

It was reported that there were 2,451 new listings in the entire RAHB real estate market area. This means that there was a 3.6 per cent decrease month over month and a 7 per cent decrease when compared to April 2021. 

The average price of a residential property within the RAHB market area was reported to have been $1,013,081. This was a 5.6 per cent decrease compared to March 2021 and an 18.2 per cent decrease compared to the same time last year. 

We can now review the chart below and learn more about the different areas within the RAHB market area. We can then compare the average sale price and the number of sales to the same time last year. 

Residential Market Activity 

Let’s review the above chart, Residential Market Activity, and get a closer look at Real Estate Market Statistics for April 2022. We can see what the average residential price was for a property in April 2022. This chart will also allow us to see the number of sales in each area as well and then we can compare that to the same time last year. 

RAHB reported that in Hamilton West there were a total of 62 sales in April 2022. It’s also clear that there was a decrease in sales, however, the average sale price of a residential property had an increase. The average price of a property in Hamilton West was reported to have been $827,556. 

In Hamilton Centre we also see the same when it comes to the number of sales versus the average price of a residential property. That while the cost of a property had a clear increase, the number of sales had decrease when compared to April 2021. The average price of a residential property in this area was reported to have been $680,043 and there were a total of 115 sales. 

Finally we can take a look at the Burlington area, it was reported that there were a total of 276 sales in April 2022. The average price of a residential property was reported to have been $1,228,723. Just as mentioned in the other two areas, we can see that while there was a clear decrease in the number of sales, we saw an increase in the average cost of a residential property. We can get an even closer look at the Burlington area by reviewing the below map, Average Price by District. 

Average Price by District

When we review the above map, Average Price by District, we are able to see not only the average price of a residential property within each area bit also the amount of sales. There are sub areas that we need to take note of, these areas had the greatest number of sales in April 2022, those sub areas are, 31, 32, 34 and 35.

Taking a closer look at the sub areas it becomes clear that area 35, located in Millcroft, had the greatest number of sales in April 2022. This area had a total of 99 sales with an average property price of $1,077,328. 

The sub area that had the highest average residential property price was area 38. The average price was reported to have been $1,897,500. This area had a total of 2 sales, but it is important to note that it did have the highest average residential property price. To get an overall look at Burlington’s real estate statistics for April 2022, we can now review the final chart the, Burlington Residential Table.

Burlington Residential Table

The final chart that we will be reviewing is the, Burlington Residential Table, this chart allows us to see the overall real estate statistics for Burlington. RAHB reported that in April 2022 there were total of 276 sales of residential properties. This was a 31.2 per cent decrease when we compare the number of sales to April 2021. 

New listings had a 4.7 per cent increase when compared to the same time last year, with a total of 517. The average residential property price was reported to have been $1,228,723, which is a 15.7 per cent increase compared to the same time last year.

With the median price having been $1,094,500 in April 2022, this was a 16.4 per cent increase compared to the previous year. It’s interesting to review these numbers because are able to understand the real estate market a bit better. It seems that while sales may have been lower in some areas the price of a residential property appeared to have increased in April 2022. 

Detached, Townhouse and Apartment-Style Properties

When it came to the number of detached homes within the RAHB real estate market area, there were a reported 867 sales. The average price of this type of property in April 2022 was reported to have been  $1,135,779, this was an increase of 18.9 per cent when compared to April 2021. 

Townhouse sales were reported by RAHB to have had a decrease of 27.7 per cent month over month. While they had a decrease of 38.9 per cent when compared to April 2021. The average price of a townhouse within the entire RAHB market area was reported to have been $865,862. This was an increase of 21.3 per cent when we compared it to the same time last year. 

The sales of apartment-style properties had a decrease of 15.6 per cent compared to the same time last year, with a total go 184 sales. It was reported that when it came to the average price of an apartment-style property there was an increase of 20.3 per cent, with the price being $647,411.

The REALTORS® Association of Hamilton-Burlington April 2022 Statistics 

To summarized, the REALTORS® Association of Hamilton-Burlington reported a total of 1,298 sales of residential properties. This was within the entire RAHB market area in April 2022, with a total of 2,451 new listings. We’re able to see that while the number of sales may have deceased in some areas, the average property price saw increases. 

The number of sales of residential properties saw a 20.7 per cent decrease month over month and had a 31.3 per cent decrease when compared to the same time last year. However, it was reported that the average price of a residential property had an 18.2 per cent increase when compared to the April 2021. With the average price of a property in the RAHB market area having been reported to be $1,013,081 in April 2022. 

“With the exception of last year, new listings coming to market exceed that of every other April for the last ten years. With the increase in inventory, buyers are finally experiencing more choices in the market. While inventory is still below the norm, we finally see signs of a more balanced market as the number of active listings increases.The rise in interest rates has likely attributed to a decrease in the number of sales month over month in every residential property category across the RAHB market area. While average prices remain strong, and still above the $1 million mark, we did experience another dip for the second month in a row.” – RAHB President Lou Piriano

For More Information About These Statistics 

Are you interested in learning more about the April 2022 Burlington real estate market statistics? Please refer to the Burlington Real Estate Statistics for April 2022 to learn more. 

Contact Lori VanDinther and Team 

If you have any questions about these April 2022 real estate statistics please feel free to contact Lori or one of her team members. There’s a chance you might be wondering what your home might be worth, give our What’s My Home Worth calculator a try! 

Lori VanDinther and her team are ready to connect and work with you to find the home of your dreams. You can connect by phone at 905) 632-2199, or by email at info@loriv.comWe’re looking forward connecting with you and working with soon!