Special offer

BURLINGTON Real Estate Market Trends: Week of October 12th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of October 12th, 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 October 12th, 2015. (Source: AltosResearch).

Week of October 12th, 2015 Single Family Homes Condo/Townhouse
Median List Price $599,900 $484,950
Average List Price $663,342 $452,800
Average Days on Market 70 12
No. of Homes On Market 45 6
Median House Size 2,700 sq ft. 1,568 sq ft.
Market Action Index

42.4 -  Seller's Advantage

39.4 -  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 $599,900. The 45 properties have been on the market for an average of 70 days. Average price per square feet is $268. The most expensive single family listing is at $1,125,000 and the least at $325,000.

The median list price in BURLINGTON, MA for condo/townhouse this week is $484,950. The 6 properties have been on the market for an average of 12 days. Average price per square feet is $260. The most expensive condo  listing is at $599,000 and the least at $179,000.

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

Posted by

 

 

Find Praful Thakkar on FacebookPraful Thakkar on YouTubeConnect with Praful Thakkar on LinkedInFollow Praful on TwitterPraful Thakkar e-Pro 

Praful Thakkar - Logo

 

 

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Burlington seems like a place that's full of ideas and vibrant life!

Oct 25, 2015 02:35 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes Laura - great place it is.

Nov 13, 2015 02:36 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by and your comments.

Nov 13, 2015 02:36 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Looks like the real estate market in Burlington has slowed down a bit.

Nov 13, 2015 02:37 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For both condos and single family homes, the market action index is close to 40 - just Seller's Advantage.

Nov 13, 2015 02:37 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Though median list price of condos in Burlington are relatively high - at about $485K.

Nov 13, 2015 02:38 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The same is true for single family homes in Burlington now. Median list price and average list price - at or about $600K.

Nov 13, 2015 02:39 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both condo and single family homes pricing is almost same - close to $260/sq ft.

Nov 13, 2015 02:39 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With just 12 days on market for condos and only 6 on market, one can imagine how 'hot' the condos in Burlington are.

Nov 13, 2015 02:40 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The same is true for single family homes - 70 days on market and only 45 homes for sale!

Nov 13, 2015 02:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, still hot real estate market in Burlington - not as much as it was in spring and summer this year.

Nov 13, 2015 02:41 PM