Burlington Real Estate Statistics

Burlington Real Estate Price Trend
Burlington real estate average sold price in the last 30 days (July 5 - August 3) was $1,038,793, which is $47,902 (4.6 %) lower than the average price of $1,086,695 in the previous 30 day period (June 5 - July 4), and $201,674 (19.4 %) up from the same period 1 year ago ($837,119). Burlington real estate prices over the last 30 days are also $63,913 (6.2 %) higher than the average selling price of $974,880 over the past year.
Burlington average sold price for homes was $1,317,215 in the last 30 days (July 5 - August 3), which is $49,247 (3.7 %) down from the average home price of $1,366,462 in the previous 30 day period (June 5 - July 4), and $289,990 (22.0 %) higher than the same period 1 year ago ($1,027,225). In the last 30 days Burlington the average home price was $70,548 (5.4 %) higher than the average selling price of $1,246,667 over the last 12 months.
Average Burlington condo sold price over the last 30 days (July 5 - August 3) was $562,256. During this period it was $50,664 (9.0 %) down from the average price of condo of $612,920 during the previous 30 days (June 5 - July 4), and $61,477 (10.9 %) higher compared to the same period 1 year ago ($500,779). In the last 30 days Burlington the average condo price was $11,702 (2.1 %) higher than the average selling price of $550,554 over the last year.
Average sold price of Burlington townhouse was $801,223 in the last 30 days (July 5 - August 3), down $3,392 (0.4 %) from the average townhome price of $804,615 over the previous 30 days (June 5 - July 4), and $129,254 (16.1 %) higher than during to the same period 1 year ago ($671,969). Over the last 30 days the average townhouse price in Burlington was $60,354 (7.5 %) higher compared to the average selling price of $740,869 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Burlington real estate was $1,038,793 in the last 30 days (July 5 - August 3), which is collectively $32,115 (3.0 %) higher than the average asking price of $1,053,005. This represents an increase of $2,100 (7.0 %) compared to $30,015 (2.7 %) Sold-Over-Asking price from the previous 30 day period (June 5 - July 4).
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 August, 2020 with $167 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 128.7 % with 287 properties sold and 275 new properties listed in the past 30 days (July 5 - August 3). This represents an increase from 113.1 % recorded during the previous 30 day period (June 5 - July 4), and an increase from 80.7 % 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 September at 87.0 %. 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 287 properties that were successfully sold in Burlington in the last 30 days (July 5 - August 3) was 13 days, which is 3 days more than 10 days average in the previous 30 day period (June 5 - July 4) and 2 days shorter than during the same period a year ago (15 days).
There were 86 delisted properties in Burlington, those that got either Expired, Suspended or Terminated over the last 30 days (July 5 - August 3) with an average of 33 days on the market. This is 1 days shorter than the average of 34 days during the previous 30 day period (June 5 - July 4) and 23 days less compared to the same period last year average of 56 days on the market.
86 Burlington properties that didn't sell stayed on the market 153.8 % longer than 287 that sucessfully sold over the last 30 days - 13 days when sold vs 33 days when delisted respectively.
Average Days on the Market in Burlington over the past 12 months for properties that have sold was 13.7 days, with 40.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
223 new properties were listed on the market in Burlington in the last 30 days (July 5 - August 3). During the same time 287 properties were sold and 86 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 150 properties (or 67.3 %).
During the previous 30 day period (June 5 - July 4) there were 275 new properties listed, 311 sold and 122 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 316 new listings per month.
New Real Estate Listings by Property Type
There were a total of 112 homes listed during the last 30 days (July 5 - August 3), which is 50.2 % of all properties listed in Burlington. This is a 28.2 % decline compared with a previous 30 day period (June 5 - July 4) and 50.2 % down from the same period a year ago. Over the past year an average of 170 homes are were listed per month.
59 condo units were listed in the last 30 days (July 5 - August 3) in Burlington, which represents 26.5 % of all new listings. This is down 0.0 % from the prior 30 day period (June 5 - July 4) and 39.2 % less compared to the same period last year. There were 71 condos listed per month on average during the last 12 months.
52 townhomes were listed over the last 30 days (July 5 - August 3) in Burlington, which is 23.3 % of all new real estate inventory. This is a 13.3 % less than during the previous 30 day period (June 5 - July 4) and 43.5 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 75 a month.
Real Estate Sales by Property Type
There were a total of 159 homes sold during the last 30 days (July 5 - August 3), which is 55.4 % of all properties sold in Burlington. This is a 11.2 % decline compared with a previous 30 day period (June 5 - July 4) and 15.9 % down from the same period a year ago. Over the past year an average of 178 homes are were sold per month.
58 condo units were sold in the last 30 days (July 5 - August 3) in Burlington, which represents 20.2 % of all sold properties. This is down 13.4 % from the prior 30 day period (June 5 - July 4) and 17.1 % less compared to the same period last year. There were 68 condos sold per month on average during the last 12 months.
70 townhomes were sold over the last 30 days (July 5 - August 3) in Burlington, which is 24.4 % of all sold real estate. This is a 7.7 % more than during the previous 30 day period (June 5 - July 4) and 6.7 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 80 a month.
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