Millcroft Real Estate Market Statistics for August 2019

 Friday, October 18, 2019     Lori VanDinther      Real Estate Market

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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. 

average-sale-price-august-2019

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. 

average-days-on-market-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. 




Millcroft Real Estate Market Statistics for July 2019

 Tuesday, August 13, 2019     Lori VanDinther      Real Estate Market

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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).

Millcroft Residential Market Activity July 2019

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. 

Average Residential Price by District July 2019

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. 

 




Millcroft Real Estate Market Statistics for June 2019

 Friday, July 19, 2019     Lori VanDinther      Real Estate Market

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June 2019 Statistics Provided by RAHB

The June 2019 statistics have arrived and were provided by the REALTORs Association of Hamilton-Burlington (RAHB). These statistics help us to better understand the real estate market for not only the Millcroft neighbourhood but for the entire RAHB market area. 

Today we'll review the real estate market statistics for the Millcroft neighbourhood and see how they compared to the same time last year. We'll also briefly review the entire Burlington and RAHB market area. Because it can help us to see an overview of the month, these numbers are important for us to better understand the real estate market. Let's now take a look at the chart below, Burlington Residential Market Activity.

Millcroft Residential Market Activity June 2019

When we review the above chart, Burlington Residential Market Activity (Area 35), we can really focus in on the numbers for Millcroft for the month of June 2019. We're able to look at this year and past years to compare how the market did.

There were a recorded 123 new listings with an average price of $686,452. And the sales to new listing ratio was 98% and holding steady when compared to the same time last year. And the average time a property remained on the market was 23 days, same as June 2018. We can now turn our attention to the map, Average Residential Price by District

average Residential Price by District June 2019

The above map, Average Residential Price by District, illustrates the entire city of Burlington. Millcroft is in area 35 and we can see that once again Millcroft has had the highest number of sales of residential properties. And that's no surprise since this is Burlington's most sought after neighbourhood. 

There were a recorded 84 sales for the month of June for Millcroft with an average residential property price of $686,452. Burlington had a strong June when compared to the same time last year. And from highway #5 to the bay we can see that this is truly the city and neighbourhood many call home and continue to call home. I believe we should also look at the RAHB overall statistics for the entire market area. 

RAHB Statistics for June 2019

There were a reported 1,203 sales of residential properties located in the RAHB market area for June. This was a 4.2% increase compared to June 2018. The average price of a residential property also saw an increase of 5.2% from June 2018 to $593,549.

“The number of sales and average price is up over 2018, showing that the market is edging higher since it balanced out last year. Sales have dropped compared to May and April of this year, but paired with a decrease of about 4% in the number of new listings this could indicate the market is tightening.” – RAHB President Bob Van de Vrande.

For More Information

If you would like to learn more about these statistics for June 2019 you can find more information on our Millcroft Market Stats section of our website.  

Contact Lori at We Sell Millcroft 

If you're thinking it's time to buy or sell and you're interested in the Millcroft area please contact me today. I would also be happy to go over these real estate market statistics with you and answer any questions you might have. I look forward to working with you and helping you find your dream home. 

 




Millcroft Real Estate Market Statistics for May 2019

 Wednesday, June 5, 2019     Lori VanDinther      Real Estate Market

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When we take a look at the above chart, Burlington Residential Market Activity, we can see how the neighbourhood of Millcroft did in terms of sales and average cost of a home. The average cost of a home in this neighbourhood for the May 2019 was $675,617 and there were 158 new listings.

The sales to new listings ratio was 74.7% which is a 10% increase compared to the same time last year. And the average amount of days that a home was on the market in Millcroft were 18 days. By looking at the map below, The Average Residential Price by District, you can see where Millcroft is located (sub area 35) and not only what the average price of a home was but also the amount of sales there were in May 2019.

Average Residential Price by District May 2019

When we review the above map, The Average Residential Price by District, we can compare Millcroft (sub area 35) to other areas in Burlington. And the map also shows that Millcroft had 118 sales, the highest number compared to the other areas.

And with 124 active new listings and with a sales to listing ratio of 99.4% and the average sale price of $659,500, It’s clear that this truly is the most sought after neighbourhood in Burlington. RAHB also reports on the entire Burlington and Hamilton market, we have included those numbers below. It’s good to know because it helps us understand the stats for Millcroft.

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It was reported by the REALTORs Association of Hamilton and Burlington that there were a total of 1,344 sales within the RAHB market area. There was a 10.9% increase from May 2018, 9.6% increase over April 2019 and a 30.2% increase over March 2019.

“The number of sales increased double digest over last year and the number of new listings decreased by 5.2%, indicating that we are in the thick of a busy spring market for sellers. And prices only increasing an average of 0.9% over last year means buyers haven’t watched prices soar while they find the perfect home” - RAHB President Bob Van de Vrande.

If you would like to learn more about the May 2019 statistics, please refer to the Millcroft Market Stats page on our website.

Welcome Mat

Contact Lori at We Sell Millcroft

Have you been thinking about selling your home? Are you interested in Burlington’s most sought after neighbourhood? Lori can provide knowledge about the latest market and work with you to find your dream home, contact Lori today.




Millcroft Real Estate Market Statistics for April 2019

 Friday, May 10, 2019     Lori VanDinther      Real Estate Market

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April 2019 was a great month for the neighbourhood of Millcroft and we can see this in the above chart, Burlington Residential Market Activity, shows us that an average home in Millcroft was listed at $678,538. And there was a recorded 101 sales, with a total of 143 new listings. 

The statistics that were released by the REALTORS Association of Burlington Hamilton also indicated that there was a sales to new listing ratio of 69.9% which was an increase from April 2018. And finally it was reported that the average days a home was on the market in Millcroft was 20.7 days. 

average-residential-price-by-district-burl-april-2019

Millcroft is located in area 35 on the above map, Average Residential Price by District. And we can clearly see that the neighbourhood of Millcroft is the leader when it comes to number of sales for the month of April.

Once again we can also see that the average cost of a home was $678,538. Burlington overall had a very strong month with a total of 498 sales and 536 active listings, a 4% increase when compared to the same time last year.

illustration-graph-stats

RAHB Statistics for April 2019 

There were a reported 1,226 sales in the entire RAHB market area for April 2019. And a 6% increase from April last year and an 18.8% increase over March 2019 and a 66.8% increase over February 2019. We also learned that the average cost of a home was reported at $589,324 which was a 3.9% increase from April 2018.

“It’s encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017. Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for seller,” said RAHB President Bob Van de Vrande.

Contact Lori and Find Your Dream Home in Millcroft 

If you've been thinking about moving to the most sought after neighbourhood in Burlington, then contact me today. You can reach me directly at 905-330-2002 or by email at info@wesellmillcroft.com. I know that we can find your dream home, let's start today. 

We Sell Millcroft Team

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