Burlington Real Estate Statistics

Burlington Real Estate Price Trend
Burlington real estate average sold price in the last 30 days (May 13 - June 11) was $1,066,217, which is $84,120 (7.9 %) higher than the average price of $982,097 in the previous 30 day perdiod (April 13 - May 12), and $219,573 (20.6 %) up from the same period 1 year ago ($846,644). Burlington real estate prices over the last 30 days are also $142,602 (13.4 %) higher than the average selling price of $923,615 over the past year.
Burlington average sold price for homes was $1,378,413 in the last 30 days (May 13 - June 11), which is $125,611 (9.1 %) up from the average home price of $1,252,802 in the previous 30 day perdiod (April 13 - May 12), and $366,964 (26.6 %) higher than the same period 1 year ago ($1,011,449). In the last 30 days Burlington the average home price was $210,116 (15.2 %) higher than the average selling price of $1,168,297 over the last 12 months.
Average Burlington condo sold price over the last 30 days (May 13 - June 11) was $578,372. During this period it was $2,653 (0.5 %) up from the average price of condo of $575,719 during the previous 30 days (April 13 - May 12), and $82,908 (14.3 %) higher compared to the same period 1 year ago ($495,464). In the last 30 days Burlington the average condo price was $51,456 (8.9 %) higher than the average selling price of $526,916 over the last year.
Average sold price of Burlington townhouse was $786,238 in the last 30 days (May 13 - June 11), down $10,469 (1.3 %) from the average townhome price of $796,707 over the previous 30 days (April 13 - May 12), and $145,336 (18.5 %) higher than during to the same period 1 year ago ($640,902). Over the last 30 days the average townhouse price in Burlington was $81,782 (10.4 %) higher compared to the average selling price of $704,456 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Burlington real estate was $1,066,217 in the last 30 days (May 13 - June 11), which is collectively $43,615 (4.1 %) higher than the average asking price of $1,073,017. This represents a decline of $10,070 (18.8 %) compared to $53,685 (5.2 %) Sold-Over-Asking price from the previous 30 day period (April 13 - May 12).
The maximum Sold Over/Under Asking ratio in Burlington during the last 12 months was recorded in February, 2021 with an average of $75,741 over the asking price, while the minimum occurring in April, 2020 with $18,561 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Burlington was 86.3 % with 328 properties sold and 430 new properties listed in the past 30 days (May 13 - June 11). This represents a decrease from 99.5 % recorded during the previous 30 day period (April 13 - May 12), and an increase from 73.3 % compared to the same period one year ago.
Over the the last year the highest SNLR in Burlington was 160.4 % recorded in December and the lowest was in May at 76.4 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 328 properties that were successfully sold in Burlington in the last 30 days (May 13 - June 11) was 9 days, which is 1 days more than 8 days average in the previous 30 day period (April 13 - May 12) and 13 days shorter than during the same period a year ago (22 days).
There were 132 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (May 13 - June 11) with an average of 24 days on the market. This is 3 days longer than the average of 21 days during the previous 30 day period (April 13 - May 12) and 33 days less compared to the same period last year average of 57 days on the market.
132 Burlington properties that didn't sell stayed on the market 166.7 % longer than 328 that sucessfully sold over the last 30 days - 9 days when sold vs 24 days when delisted respectively.
Average Days on the Market in Burlington over the past 12 months for properties that have sold was 15.4 days, with 45.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
380 new properties were listed on the market in Burlington in the last 30 days (May 13 - June 11). During the same time 328 properties were sold and 132 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 80 properties (or 21.1 %).
During the previous 30 day period (April 13 - May 12) there were 430 new properties listed, 428 sold and 113 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was March with 499 new properties listed, the slowest - December with 111 new listings and a yearly average of 307 new listings per month.
New Real Estate Listings by Property Type
There were a total of 216 homes listed during the last 30 days (May 13 - June 11), which is 56.8 % of all properties listed in Burlington. This is a 4.8 % decline compared with a previous 30 day period (April 13 - May 12) and 30.1 % up from the same period a year ago. Over the past year an average of 167 homes are were listed per month.
81 condo units were listed in the last 30 days (May 13 - June 11) in Burlington, which represents 21.3 % of all new listings. This is down 9.0 % from the prior 30 day period (April 13 - May 12) and 58.8 % more compared to the same period last year. There were 68 condos listed per month on average during the last 12 months.
83 townhomes were listed over the last 30 days (May 13 - June 11) in Burlington, which is 21.8 % of all new real estate inventory. This is a 27.2 % less than during the previous 30 day period (April 13 - May 12) and 48.2 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 72 a month.
Real Estate Sales by Property Type
There were a total of 180 homes sold during the last 30 days (May 13 - June 11), which is 54.9 % of all properties sold in Burlington. This is a 18.2 % decline compared with a previous 30 day period (April 13 - May 12) and 45.2 % up from the same period a year ago. Over the past year an average of 166 homes are were sold per month.
71 condo units were sold in the last 30 days (May 13 - June 11) in Burlington, which represents 21.6 % of all sold properties. This is down 25.3 % from the prior 30 day period (April 13 - May 12) and 115.2 % more compared to the same period last year. There were 60 condos sold per month on average during the last 12 months.
77 townhomes were sold over the last 30 days (May 13 - June 11) in Burlington, which is 23.5 % of all sold real estate. This is a 31.9 % less than during the previous 30 day period (April 13 - May 12) and 79.1 % increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 74 a month.
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