Burlington Days On Market Grows as Demand Declines
June Market Highlights
- June volume of 183 units was down by 30.9% versus last year
- Year-to-date volume (Jan thru June) down by 36.4% versus last year
- Days on market has increased to 32 days from just 17 days last year
- Rising interest rates and more restrictive mortgage requirements key factors dampening volume
Related: Monthly Neighbourhood Market Reports
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Burlington Transactions - JUNE 2018
Neighbourhood | Total Transactions | Avg Sales Price ($) | Avg Days on Market |
---|---|---|---|
Aldershot South | 8 | $730,125 | 29 |
Alton Central | 3 | $754,000 | 48 |
Alton West | 2 | $924,750 | 39 |
Brant Hills | 15 | $628,100 | 22 |
Central | 13 | $909,231 | 27 |
Dynes | 10 | $669,500 | 23 |
Elizabeth Gardens | 10 | $709,890 | 31 |
Headon Forest | 11 | $716,627 | 26 |
Longmoor | 10 | $610,500 | 34 |
Maple | 8 | $916,575 | 30 |
Millcroft | 11 | $827,605 | 28 |
Mountainside | 11 | $611,818 | 31 |
Orchard | 17 | $741,324 | 18 |
Palmer | 6 | $633,500 | 18 |
Pinedale | 10 | $713,210 | 16 |
Roseland | 5 | $1,130,180 | 59 |
Shoreacres | 4 | $1,663,750 | 16 |
Tansley | 3 | $694,333 | 39 |