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Category: Statistics

Burlington Market Continues to Bounce Back

February Market Highlights
  • Both February sales volume (+7.6%) and average price (+1.3%) registered year-over-year gains
  • Sharp new listings growth in January (+27.3%) did not replicate in February (-0.9%), likely due to the extreme February weather
  • Tepid new listings growth likely curtailed volume substantially in February, as would be sellers delayed their listing plans temporarily
  • More aggressive volume growth is expected in the months ahead, as weather improves and more new listings come to market

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WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - FEB 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South5$672,70013
Alton Central2$1,031,50079
Alton West1$1,096,50011
Brant Hills8$648,11216
Central9$991,11143
Dynes8$728,48811
Elizabeth Gardens4$633,25012
Headon Forest7$774,64312
Longmoor2$665,25033
Maple2$692,50054
Millcroft7$820,78654
Mountainside5$625,60023
Orchard6$821,33338
Palmer8$687,6629
Pinedale2$632,50018
Roseland3$1,360,00057
Shoreacres---
Tansley3$634,66717

Oakville Market Resale Prices Continue to Recover in New Year

January Market Highlights
  • January average price of $1,115,569 is up by a solid 4.7% versus last year
  • Market now appears to have fully digested the impact of the government-mandated stress test and higher interest rates from a pricing perspective
  • That said, January volume continued its recent sluggish pattern (-9.2% versus last year)
  • Volume is expected to strengthen in the coming months with a growing restoration of consumer confidence in the market

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What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - JAN 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte7$1,765,35740
Bronte Creek7$976,85725
Central3$1,039,84372
Clearview3$986,33339
College Park2$1,017,50014
Falgarwood8$936,25243
Ford2$2,702,50026
Glen Abbey9$812,77836
Glenorchy6$979,33350
Joshua Creek4$1,097,50026
Morrison2$2,571,00034
Old Oakville6$1,908,33359
River Oaks9$1,072,38933
Southwest1$2,003,800170
Wedgewood Creek1$950,00022
West9$1,285,16755
West Oak Trails10$896,88047
Westmount9$1,101,44439

Burlington Market Recovery Continues Into the New Year

January Market Highlights
  • January sales volume was up by a substantial 15.2% versus last year
  • January average price is also up slightly (+0.7%) versus last year
  • Market now appears to have fully digested the impact of the government mandated stress test and higher interest rates
  • Inventory is also strengthening, with both new listings (+27.3%) and total active listings (+12.2%) recording nice gains versus last year

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WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - JAN 2019

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South7$1,008,35037
Alton Central1$800,00028
Alton West4$655,50024
Brant Hills6$608,37023
Central7$798,62949
Dynes6$723,33330
Elizabeth Gardens5$673,53714
Headon Forest6$710,33331
Longmoor3$850,6678
Maple8$709,00036
Millcroft9$1,000,28935
Mountainside7$665,12735
Orchard8$882,26250
Palmer5$660,66026
Pinedale3$760,83310
Roseland3$1,645,00042
Shoreacres5$1,304,60022
Tansley4$544,97520

Oakville Resale Prices Strengthened in the Back Half of 2018

December Market Highlights
  • Oakville market posted an 8.9% price decline in 2018, with an average price of $1,120,155
  • That said, prices in the back half of 2018 were significantly stronger than the front half (+1.1% versus -11.9%)
  • Sales volume was down by 18.2% to 2,050 units (in line with several major markets across the country)
  • Higher borrowing costs and the new mortgage stress test prompted many households to delay their buying intentions in 2018

Related: Monthly Neighbourhood Market Reports

What’s Your Oakville Home Worth? Get a Free market evaluation of your home.

Oakville Transactions - DEC 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Bronte6$1,341,99231
Bronte Creek3$1,094,66758
Central4$1,215,00056
Clearview1$1,100,00034
College Park3$670,11336
Falgarwood1$958,00015
Ford1$1,066,000139
Glen Abbey8$1,064,50033
Glenorchy5$1,038,80036
Joshua Creek3$1,581,62958
Morrison1$6,630,0003
Old Oakville1$4,800,000210
River Oaks10$789,58944
Southwest---
Wedgewood Creek1$1,318,00014
West9$1,323,05663
West Oak Trails3$936,00053
Westmount14$972,96440

Burlington Market Records Slight Price Decline in 2018

December Market Highlights
  • Burlington market posted a slight 2.0% price decline in 2018, with an average price of $745,920
  • This compares favourably to most major markets across Canada (for example, the GTA recorded a 4.3% price decline in 2018)
  • Sales volume, however, was down by 21.6% to 2,043 units (in line with several major markets across the country)
  • Higher borrowing costs and the new mortgage stress test prompted many households to delay their buying intentions in 2018

Related: Monthly Neighbourhood Market Reports

WHAT’S YOUR BUrlington HOME WORTH? GET A FREE MARKET EVALUATION OF YOUR HOME.

Burlington Transactions - DEC 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South8$818,17957
Alton Central---
Alton West2$1,052,50020
Brant Hills3$722,40020
Central4$714,75067
Dynes2$791,25044
Elizabeth Gardens5$663,21929
Headon Forest1$687,00018
Longmoor3$612,80014
Maple4$778,50056
Millcroft5$860,58032
Mountainside3$560,95033
Orchard3$782,00012
Palmer3$695,00050
Pinedale2$817,68452
Roseland4$1,648,72542
Shoreacres6$993,50024
Tansley2$695,00014