Burlington – October 2018 Home Check

Posted on Posted in Burlington, HOME CHECK, Market Activity, Property For Sale, YTD

 

How did BURLINGTON’s October 2018 real estate market perform?  WOW $1M Average Price for Detached Homes!!!

The above infographic compares to the same month for this and previous years.  It’s a snap shot but doesn’t tell the whole story!  For a better understanding, look at data plotted below.

  • The top plots are for fully detached homes, with average sale price on the left plot and the number of units sold on the right.
  • The plots on the bottom show the performance of all other residential or “non-detached” properties.
Fully Detached Homes
  • Average Price…  While things have settled from last springs frenzy, Burlington has done well against other areas in maintaining good pricing, which makes it a pretty balanced market for both buying and selling.  Unlike it’s neighbour to the east, Oakville, Burlington home values have not been dramatically impacted by last years crazy highs, and correction lows.   Even for the….
  • Number of Sales  Buyers are confident in the value found in Burlington, with good sales levels continuing compared to previous years.  While not at their peak, they haven’t dropped off like Oakville did in it’s correction from last year’s pricing.
Non-Detached Homes (Semi, Towns, Condo Apartments)
  • Average Price is doing well in this market, buyers still love living in Burlington and it shows in the pricing staying healthy compared to previous years.
  • Number of Sales is doing well as buyers recognize the stability of this great place to live.  Look to see this improve for 2019.

 

The Market in Burlington is healthy and stable, one of the best places to sell a home.  Great time to buy! 

As always, this varies between specific areas and types of property, so if you really want to know what’s going on in your area, please contact me!

 

UNDERSTAND  YOUR HOME’S VALUE

Knowing the actual value of your home in a quick moving market is not always easy…

  • What were the factual sale prices of properties similar to yours?
  • How do various differences impact the value?
  • What is the market doing to your neighbourhood’s value?


It’s what we do, use our resources and experience to get detailed answers related to your home specifically.  Please fill in the questions below to receive a detailed evaluation of your property.  I do this personally for you using my knowledge and experience combined with factual data from your neighbourhood.

Or if you prefer, call me directly at 905-827-6606!  I’d be delighted to hear from you….

Thank you for taking the time to complete this questionnaire. I will contact you ASAP!

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