By Staff
November 16th, 2020
BURLINGTON, ON
The average price of a property in Burlington during the month of October rose to $1,095,813, up 16.7% as compared to October 2019.
56% sold for the asking price or more and properties sold for 101.34% of the asking price and in 13 days, on average during the month of October.
Sales were up just under 36% as compared to October 2019. Inventory levels at the end of October were down 46% as compared to the end of October 2019. YTD, sale prices are up 14.4%, sales are up 9.3% and days on market are down 35.5% as compared to the same period in 2019.
A couple of truly astonishing sales during the month of October: a two-storey family home in original condition (circa 1988) on Simon Drive in south Burlington was listed for $1,299,900 and sold for $1,650,000 in 5 days!
Another 2 storey family home in original condition (circa 1981) on Appleford Lane in Tyandaga was listed for $999,900 and sold for $1,225,000 in 2 days.
Our Team listed a fully updated bungalow in Pinedale for $1,099,000 and 12 offers later, sold it for $1,270,000!
A look at the numbers:
Residential sales for October 2020
