Burlington Market Review 1st Quarter 2016

Burlington Market Review 1st Quarter 2016

Market Overview

Burlington by the numbers

 

Low Inventory is keeping market conditions tight:

With the pool of buyers still at an all time high due to low borrowing costs, sale prices of homes are continuing to rise. Low inventory remains one of the key aspects driving home prices higher. As of November 2015 the amount of homes being offered to the market decreased by 23.6% (vs. Nov 2014). This trend has continued into the early stages of 1st quarter 2016 – and is estimated the trend will continue throughout the year. Low inventory and high demand is creating a sustained sellers market, leaving buyers disappointed.

 

Neighbourhood Numbers:

<a href="http://themathew.co/wp-content/uploads/2016/02/Burlington-Market-Numbers-1st-Q-20161 task management.png”>Burlington Market Numbers 1st Q 2016

 

 

 

 

Neighbourhood Numbers at a glance:

 

Area                                    Avg Price

 

South West (sub area 30) – $651,639

South West (sub area 31) – $530,650

South East (sub area 32) – $482,312

South East (sub area 33) – $749,765

North Side (sub area 34) – $526,185

North Side (sub area 35) – $502,808

Alton           (sub area 36) – $600,744

North/KB (sub area 38)   – $800,001

 

 

Remarkable Community Growth:

 

There are 3 areas that have experienced prodigious growth in the double digits!!! These areas have also seen a great increase in community growth over the previous year. When making a moving decision, these may be interesting areas to exploit when seeking high returns on investment.

Call me to have a discussion about these areas, and learn strategies to make sure your investment position is sound

– 905-464-0083

 

 

Mathew McAuley
Sales Representative
The Invidiata Team
RE/MAX Aboutowne Realty Corp., Brokerage
Mobile: 905-464-0083
Office: 905-339-3444 
Fax: 905-338-2845
 

 

Leave a Reply

Your email address will not be published. Required fields are marked *