Apr
16

Lacklustre Burlington Sales in First Quarter

Lacklustre Burlington Sales in First Quarter

March Market Highlights
  • March volume down by 48.3% versus last year’s exceptionally strong sales (181 units versus 350 units)
  • First quarter volume finished down 44.4% versus last year (404 units versus 727 units)
  • March average price also showed weakness, declining by 8.7% versus last year to $743,212
  • Lingering effects of 2017 Fair Housing Plan, new OSFI-mandated stress tests and higher borrowing costs are all factors

Related: Monthly Neighbourhood Market Reports

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Burlington Transactions - MAR 2018

NeighbourhoodTotal TransactionsAvg Sales Price ($)Avg Days on Market
Aldershot South5$1,004,50023
Alton Central1$652,0007
Alton West4$918,10022
Brant Hills11$711,60615
Central5$934,80026
Dynes3$819,96721
Elizabeth Gardens9$740,47817
Headon Forest22$713,08617
Longmoor9$812,55614
Maple2$729,75020
Millcroft18$1,051,93819
Mountainside4$596,00015
Orchard13$789,23123
Palmer6$615,12524
Pinedale6$695,41715
Roseland2$1,202,50012
Shoreacres3$1,253,33315
Tansley2$557,85036