Here’s What the Burlington Real Estate Market Looked Like in April
April was a relatively good month for the Hamilton-Burlington real estate market, according to the Realtors Association of Hamilton-Burlington (RAHB).
In a recent press release, the RAHB reported that 1,226 sales of residential properties, located within the Hamilton-Burlington area, were processed through the Multiple Listing Service (MLS) last month.
“This is a 6.3 per cent increase from April last year, as well as an 18.8 per cent increase over March 2019 and a 66.8 per cent increase over February 2019,” reads the press release.
The graphic below highlights the number of sales in 2018 and 2019, along with the average sale price.
“The number of sales for single-family properties within the entire RAHB market increased by 8.2 per cent compared to the same month last year, and the average sale price increased by 2.3 per cent,” reads the release.
On the other hand, while the average townhouse sale price rose by six per cent, townhouse sales activity in the RAHB market area decreased by 0.4 per cent from April of last year.
“Apartment-style property sales increased by 17.9 per cent over April 2018, and the average price increased by 10.6 per cent to $409,104,” notes the release.
The RAHB notes that the average price for residential properties did increase from last year.
The average price increased by 3.9 per cent from April 2018 to $589,324.
However, the RAHB still says that the increase in sales is still reassuring.
“It’s encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017,” RAHB President Bob Van de Vrande, said in the release. “Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for sellers.”
The following graphic looks at the RAHB residential market in Burlington specifically.
Graphics are courtesy of the RAHB.
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