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BURLINGTON Real Estate Market Trends: Week of September 28th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of September 28th, 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 28th, 2015. (Source: AltosResearch).

Week of September 28th, 2015 Single Family Homes Condo/Townhouse
Median List Price $576,500 $460,000
Average List Price $639,274 $406,414
Average Days on Market 59 27
No. of Homes On Market 50 7
Median House Size 2,700 sq ft. 1,337 sq ft.
Market Action Index

41.4 -  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 $576,500. The 50 properties have been on the market for an average of 57 days. Average price per square feet is $270.

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.

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Looks like, based on this report, Burlington Market is slowing down a bit.

Oct 23, 2015 03:12 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

All the numbers show that market is steady, at most. It's almost at buyer's market for condos.

Oct 23, 2015 03:13 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Although number of days on market are still low for condos (only 27) and with only 7 condos on market, it is still an indicator that people are looking for single family homes more in Burlington.

Oct 23, 2015 03:14 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(Still, condo's average price per sq ft is very high compared to most affluent neighborhood - and not likely to stay at that level.)

Oct 23, 2015 03:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall it's still a hot market in Burlington.

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

Condo prices are pretty close to single family homes in Burlington.

Nov 12, 2015 03:30 PM