Friday, October 18, 2019
Real Estate Market
When we take a look at the above chart, Monthly Housing Statistics. we can see that the median price of a home in the Millcroft neighbourhood was listed at $875,000. This is a 20.2% increase from 2018 however, the average sales price of a home saw a 11% increase from 2018 to $889,667.
August was a good month in Burlington's most sought after neighbourhood. We can now take a closer look at the average sale price of a home by looking at the bar graph below.
This is a great bar graph that represents the Average Sale Price of a home in the Millcroft neighbourhood. It's great because it shows us a comparison to 2018. Red represents August 2018 and the blue represents August 2019. We can see that there was an 11% increase from 2018 in the average sale price of a home to $889,667.
We can clearly see that there is a significant increase from 2018 and only a slight decrease in the year to date graph on the right. There was a 1.63% decrease to $973,808. It's also important to take a look at how long a property remains on the market. And to do that we can look at the graphs below and get an idea of how Millcroft did in August 2018 and August 2019.
Above are the graphs that represent the Average Days on Market for homes in Millcroft for August 2019 and 2018. This is where we want to see a decrease in numbers. And we can see that there was a huge decrease in the number of days a home was on the market.
It's come to no surprise that in 2019 there was almost a 50% decrease in days a home is on the market since Millcroft is one of the most sought after neighbourhoods in Burlington. 21 days was the average days and there was a 10.11% decrease in the year to date graph with the average days being 24.
For More Information About Statistics
If you would like to learn more about the Millcroft real estate statistics you can visit the Market Stats section of our website. And you can always feel free to reach out to Lori and she'll be more than happy to answer any questions you might have.
Contact Lori VanDinther at We Sell Millcroft
If you think it might be time to sell or if you have been interested in moving to Millcroft, contact Lori today. She would love to talk to you about this incredible neighbourhood.