By Staff
January 29, 2016
BURLINGTON, ON
The Rocca Sisters tell us that it has been an interesting year in the Burlington real estate market. One of the most notable results of this past year was the market becoming more balanced.
“The first half of 2015 saw major growth in key neighborhoods. However, the market changed slightly for the second half of the year. Sought after communities such as Millcroft, The Orchard and Brant Hills all began to feel more balanced. While homes sold fast in these communities and some still in multiple offer situations, the frenzy seemed to fade.
“We believe that buyers started looking into other Burlington neighborhoods, which explains the dramatic increases we saw in Longmoor, Palmer and Elizabeth Gardens.
These neighborhoods seemed to be somewhat undervalued; however, this has been corrected over the last few months and now we expect to see all markets relatively well balanced with inventory meeting buyer demand. We anticipate prices returning to the normal expectation in terms of growth, which would be closer to 3-6% per year.
Market by market listings are set out below:
