January 2020 Market Insight Report: Condominium (Burlington)
Below you will find the Market Insight Report for condominiums for December 2019 for Burlington. If you have any questions about any of the information below please feel free to contact us at any time.
(Condo Apartment Units – $200,000 to $2,000,000)
The average price of a condo in December 2019 was up 11.4% as compared to 2018. The more significant number, however, was price per square foot. In December 2018, the average price per square foot was at $405.00. In December 2019, the average price was $526.00 per square foot. Condos are selling in a record 22 days on average (down 65% from 2018) and for just under 100% of the asking price. The takeaway here is, it’s a very good time to sell – challenging time to buy.
To view our Market Insight Report: Residential, please click here