August 2019 Market Insight Report: Condominium (Burlington)
Below you will find the Market Insight Report for condominiums for July 2019 for Burlington. If you have any questions about any of the information below please feel free to contact us at any time.
Sale prices in July were down 4.5%, price per square foot was down 0.2%, and sales were up 35% as compared to July 2018. Year to date, at the end of July, average sale prices were up 2.6%, sales were up 16.5% and price per square foot was up 8% as compared to the same period in 2018. Condos are selling for, on average, 98.54% of the asking price so far in 2019. Inventory levels are down considerably from last year, by over 40%. There is no doubt that the condo market in Burlington is a seller’s market. If these conditions continue we should see a fairly significant increase in values over the coming months.
To view our Market Insight Report: Residential, please click here