The Burlington Real Estate Market SLOWED DOWN!

Alton village homes

So how was he summer Burlington Real Estate Market you ask?

In August, Burlington has seen some low numbers. You can take a look for yourself. I posted them all below. But don’t let numbers scare you. Keep reading…

Being an  Real Estate Agent in Burlington I get to see first hand what buyers and sellers are saying about the Burlington Real Estate Market. Some believe the worst is yet to come and some believe we are just at the beginning of a Real Estate boom.

Last month I was helping a really nice family search for a home. The happy couple had a small child and were hoping to expand their family very soon.

I asked the husband, “What city can you see yourself living in?”.

He replied, “There’s only one city around here that makes sense to live in. Burlington, of course”.

He was so sure about Burlington, I had to ask “Why Burlington?”

Without hesitation he replied, “I’ve done my homework. I compared at all the cities in the GTA. I analyzed their past real estate growth, their location, their growth potential, current local economics and it all fell into place. I believe Burlington Real Estate Prices will increase at a higher rate than the other cities around us. You can’t loose in Burlington”

This man has actually done his homework. He recognizes that no matter how high we think the prices are in Burlington they will always be higher the closer you get to Toronto. If history repeats itself (and it most likely will), 10 years from now, you’ll be looking back to today amazed at how low Real Estate prices were in Burlington.

History shows the summer months are typically slower than the spring market and fall market, so the numbers below are not that unusual.

If you’re considering buying a home in Burlington Get access to all listings before they hit Realtor.ca (just like Realtors do).

Also, here’s a list of Burlington Neighbourhoods you may consider if you’re not familiar with the city.

Happy house hunting!

Burlington Real Estate Market Update

August

  • August 2012:
    277 homes were listed, 242 homes sold, 36 homes did not sell, $464,335 was average price
  • August 2013:
    355 homes were listed, 273 homes sold, 49 homes did not sell, $488,823 was average price

July

  • July 2012:
    432 homes were listed, 293 homes sold, 40 homes did not sell, $446,189 was average price
  • July 2013:
    389 homes were listed, 306 homes sold, 37 homes did not sell, $496,928 was average price

June

  • June 2012:
    404 homes were listed, 311 homes sold, 39 homes did not sell, $458,668 was average price
  • June 2013:
    399 homes were listed, 325 homes sold, 29 homes did not sell, $498,210 was average price

May

  • May 2012:
    466 homes were listed, 364 homes sold, 27 homes did not sell, $464,3672 was average price
  • May 2013:
    497 homes were listed, 369 homes sold, 24 homes did not sell, $502,473 was average price

April

  • April 2012:
    435 homes were listed, 354 homes sold, 22 homes did not sell, $460,228 was average price
  • April 2013:
    444 homes were listed, 337 homes sold, 29 homes did not sell, $482,301 was average price

March

  • March 2012:
    439 homes were listed, 344 homes sold, 25 homes did not sell, $436,624 was average price
  • March 2013:
    389 homes were listed, 265 homes sold, 26 homes did not sell, $502,733 was average price

February

  • February 2012:
    371 homes were listed, 259 homes sold, 11 homes did not sell, $467,702 was average price
  • February 2013:
    306 homes were listed, 214 homes sold, 33 homes did not sell, $452,275 was average price

The numbers above were provided by the Realtor’s Association of Hamilton-Burlington.

About the Author Sebastian Malinowski

Family first! I'm always myself, it's more fun that way. I live life to make a difference. I figure we only get one shot. Stretching my comfort zone is part of my daily routine. Burlington is my home town and I love exploring and blogging about it. I'm also addicted to Starbucks! Oh ya, I'm a Realtor with RE/MAX Escarpment Realty Inc., Brokerage.   The Burlington Homes Team Website: Click here: The Burlington Homes Team

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