December 2019 Market Insight Report: Condominium (Burlington)
Below you will find the Market Insight Report for condominiums for November 2019 for Burlington. If you have any questions about any of the information below please feel free to contact us at any time.
Inventory levels haven’t been this low in recent history. To put this into context, there were 61 units for sale at the end of November 2016, 69 at the end of November 2017 and 97 at the end of November 2018. At the end of November 2019, there were 52 units for sale. Year to date, sale prices had increased by 4.8% and sales increased by 12% as compared to the same period in 2018. The more interesting number, however, was the price per square foot which increased by over 10%. In the month of November, sale prices increased by 19.6%, sales increased by just over 4%, price per square foot increased by 25.8% as compared to November 2018. Condos sold for 98.48% of the asking price and in 27 days, on average during the month of November.
To view our Market Insight Report: Residential, please click here