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BURLINGTON Real Estate Market Trends: Week of December 7th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of December 7th, 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 December 7th, 2015. (Source: AltosResearch).
Week of December 7th, 2015 Single Family Homes Condo/Townhouse
Median List Price $798,900 $475,000
Average List Price $722,993 $410,760
Average Days on Market 81 52
No. of Homes On Market 41 5
Median House Size 3,050 sq ft. 1,337 sq ft.
Market Action Index

41.3 -  Seller's Advantage

53.7 - Strong Seller's

Data provided by ©2005-2014 Altos Research LLC.

The median list price in BURLINGTON, MA for single family homes this week is $798,900. The 41 properties have been on the market for an average of 81 days. Average price per square feet is $267. The most expensive single family listing is at $1,595,000 and the least at $265,900. The median list price in BURLINGTON, MA for condo/townhouse this week is $475,000. The 5 properties have been on the market for an average of 52 days. Average price per square feet is $351. The most expensive condo  listing is at $490,000 and the least at $179,900.

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

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Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Wonderful graphics, this is a pleasure to read, and great information.

Dec 15, 2015 07:15 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Michael Thacker - Louisville Realtor ....appreciate your kind words.

Dec 15, 2015 07:16 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Hi Praful, that is a great market report thanks for sharing.

Dec 15, 2015 11:59 AM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. A valuable market report for buyers and sellers in your community!

Dec 16, 2015 04:48 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes Sybil - I love this infographics...

Dec 29, 2015 01:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Bob Baesmann - Really appreciate it.

Dec 29, 2015 01:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Burlington is Strong seller's market for condos and pretty good market for single family homes, too.

Dec 29, 2015 01:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for Burlington for single family homes is touching $800K - too good to believe! Hope it remains at that level.

Dec 29, 2015 01:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Average list price shows the trend - likely to come down in $700Ks..and about $400K for condos sound right.

Dec 29, 2015 01:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos at $351/sq ft is too high, too - compared to single family homes and other properties in neighboring towns.

Dec 29, 2015 01:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Days on market - about 50 days for condos and 81 days for single family homes are encouraging for sellers.

Dec 29, 2015 01:15 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And with low inventory - 5 condos and 41 single family homes - the market is going to remain hot for the rest of the year, it looks like.

Dec 29, 2015 01:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, great sellers market Burlington is.

Dec 29, 2015 01:16 PM