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BURLINGTON Real Estate Market Trends: Week of September 21st, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of September 21st, 2015

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Here is a snapshot of real estate market for single family homes and condo/townhouses in BURLINGTON, MA for the week of September 21st, 2015. (Source: AltosResearch).

Week of September 21st, 2015 Single Family Homes Condo/Townhouse
Median List Price $582,000 $460,000
Average List Price $642,232 $406,414
Average Days on Market 66 27
No. of Homes On Market 50 7
Median House Size 2,700 sq ft. 1,337 sq ft.
Market Action Index

42.1 -  Seller's Advantage

34.3 -  Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in BURLINGTON, MA for single family homes this week is $582,000. The 50 properties have been on the market for an average of 66 days. Average price per square feet is $271.

The median list price in BURLINGTON, MA for condo/townhouse this week is $460.000. The 7 properties have been on the market for an average of 27 days. Average price per square feet is $364.

SEARCH ALL AVAILABLE BURLINGTON HOMES FOR SALE, LIKE I DO!

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Virginia Kail
Investments, starter houses, luxury homes,farms, acreage - Cookeville, TN
True Blue Realty, Homes and Land for Sale

It's amazing the difference in markets! I live and work in one of the top 10 most affordable cities in the US. Our average home price is far less than your lowest priced home!  I often wonder what it would be like to sell real estate in a larger market like yours!  :)

Oct 02, 2015 11:38 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Praful ... wonderful looking post my friend and you have everything covered here 

Oct 03, 2015 04:41 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by - appreciate it.

Oct 12, 2015 03:29 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Virginia Kail you are right - so much variation in price. You mentioned it's most affordable market for you - so price will be lower for sure.

Oct 12, 2015 03:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And it is almost the same process - or experience when we sell homes here. It's just little different volume.

Oct 12, 2015 03:31 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Robert (Alaska Bob) Swetz . Appreciate your kind words.

Oct 12, 2015 03:31 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Burlington Condo market has only 7 homes - and not many single family homes either. Low inventory.

Oct 12, 2015 03:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Shows the impact on number of days! For condo, only 27 and for single family homes - little over 2 months.

Oct 12, 2015 03:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are pretty expensive in Burlington - compared to single family homes.

Look at the $/sq ft for condo - in $360s!

Oct 12, 2015 03:33 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

$/sq ft price for single family homes are pretty high - at $271 - compared to most neighboring towns.

Oct 12, 2015 03:34 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for both of them are pretty high - specially for condos.

Oct 12, 2015 03:34 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

So is true for average list price - and we see some 'stabilization' signs for this price in condo market.

Oct 12, 2015 03:35 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, Burlington is still very desirable town to live - is commute the reason for that?

Oct 12, 2015 03:35 PM