Millcroft Real Estate July 2019 Statistics
We have the real estate statistics for July 2019 and they were provided by the REALTORs Association of Hamilton-Burlington (RAHB). We were able to see that Millcroft had the highest number of sales for residential properties. This doesn't come as a surprise since Millcroft is the most sought after neighbourhood in Burlington.
In this blog we'll review the statistics for July 2019 for Millcroft and for Burlington. It was also recently reported that Burlington ranks number one in Canada as the best city to call home by Macleans Magazine. And the statistics reflect this report you'll find out in this blog. Let's now turn out attention to the chart below, Burlington Residential Market Activity for area 35 (Millcroft).
There were a recorded 95 new listings in Millcroft for the month of July 2019 and 99 active listings. The sales to list price ratio was 99%, that's an increase of 1% when compared to the same time last year.
We can also see that the average cost of a residential property was $719,338. And it's important to note the average days on the market were 21 days, that's a decrease from July 2018. Next we'll look at the map, Average Residential Price by District for July 2019. We can see how all of Burlington did in terms of sales and average cost of a residential property.
When we review the above map, Average Residential Price by District for July 2019, we can clearly see that Burlington had a strong July 2019. Millcroft can be found in area 35 and it should be noted that Millcroft had the most number of sales of residential properties with 84 sales. This comes as no surprise as Millcroft is the most sought after neighbourhood in the city.
Millcroft also reported an average price of a property at $719,338. Other areas in Burlington also did well such as area 34 with 42 sales and an average price of $765,424. Overall Burlington had a great month with a total of 267 sales. And the average listing price of a residential property in Burlington was $767,293. It's also important to note that Burlington also saw 359 new listings and had 488 active listings in July 2019.
RAHB Statistics for July 2019
There were a reported 1,170 sales of residential properties located in the RAHB market area. With a 10.3% increase from July 2018 and a 2.7% decrease from June 2019. The average price for a residential property increase by 0.9% when compared to the same time last year to $593,702.
"A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer. Average prices have stayed fairly stable since the spring high, which could point to a healthy fall market when we could see the number of sales edge higher again." RAHB President Bob Van de Verande.
For More Information About These Statistics
If you would like to learn more about the July 2019 statistics you can visit the Millcroft Market Stats section of our website. And if you would like to read the full media release you can learn about the entire RAHB market area statistics for July 2019.
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. Lori will also be happy to go over the July 2019 market statistics with you.