Feb
12

Burlington 2018 Market Off To Quiet Start

Burlington 2018 Market Off To Quiet Start

January Market Highlights
  • January volume down by 25.5% versus last year, with 105 units changing hands
  • Average price also showed some weakness, declining by 6.9% versus last year to $701,872
  • Too early to tell to what extent volume softness is related to the new “stress test” mortgage qualification requirement
  • In addition to volume and pricing softness, the sales experience is taking longer (40 days versus 26 days last year)

Burlington 2018 Market Off To Quiet Start

Related: Monthly Neighbourhood Market Reports

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Burlington Transactions - JAN 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South3$972,66756
Alton Central1$960,00014
Alton West1$1,120,00010
Brant Hills6$576,58340
Central9$920,99442
Dynes8$684,25660
Elizabeth Gardens2$585,00078
Headon Forest3$538,0009
Longmoor6$742,81758
Maple2$753,00046
Millcroft6$992,86743
Mountainside5$510,02735
Orchard3$609,00049
Palmer5$546,85024
Pinedale3$671,80047
Roseland3$1,109,66744
Shoreacres4$1,047,75033
Tansley4$697,87565