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BURLINGTON Real Estate Market Trends: Week of November 9th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of November 9th, 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 November 9th, 2015. (Source: AltosResearch).

Week of November 9th, 2015 Single Family Homes Condo/Townhouse
Median List Price $644,900 $499,950
Average List Price $670,923 $507,800
Average Days on Market 72 35
No. of Homes On Market 44 6
Median House Size 2,700 sq ft. 1,852 sq ft.
Market Action Index

42.4 -  Seller's Advantage

44.4 -  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 $644,900. The 44 properties have been on the market for an average of 72 days. Average price per square feet is $274. The most expensive single family listing is at $997,500 and the least at $369,900.

The median list price in BURLINGTON, MA for condo/townhouse this week is $499,950. The 6 properties have been on the market for an average of 35 days. Average price per square feet is $272. The most expensive condo  listing is at $599,000 and the least at $439,000.

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

This is almost a paraller condo and single family home market.

Dec 01, 2015 01:41 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both market action indices are same. Though inventory is low for condos. only 6 on market.

Dec 01, 2015 01:42 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

With 44 single family homes on market for about 72 days on market - it's more of stabilizing trends for single family homes.

Dec 01, 2015 01:43 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are selling fast - in about 35 days - and inventory is low, too.

Dec 01, 2015 01:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Median list price for single family homes is settles at about $650K - and average is at about $670K.

Dec 01, 2015 01:44 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For condos, these numbers are close to $500K. Pretty good for condo prices.

Dec 01, 2015 01:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And value is also almost same - both are selling at around $270/sq ft!

Dec 01, 2015 01:45 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, stabilized market - and likely to be the same for rest of the year.

Dec 01, 2015 01:46 PM