Burlington, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Burlington still seems to be holding strong. Burlington is still experiencing an increase in average housing prices for the month of September from last year to this year. Average prices were $329,416 in September 2007 to $370,479 in September 2008 representing a 12.47% increase. Housing prices have also steadily increased from January of this year through to September. In January, the average price for a house in Burlington was $351,691. Prices have risen throughout the year by 5.34% to an average of $370,479 in September. Sellers are still receiving 97% of their asking prices for their properties, houses are currently remaining on the market for an average of 44 days and Burlington has sold 248 units this month, compared to 254 units this time last year marking a decrease of 2.36% or 6 units.
For market information specific to your area in Burlington, or any other area of interest, please call or send me an email so I can send this valuable market information to you on a regular basis.
Sean Kavanagh
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