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
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
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
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