Sellers quickly spruce up Burlington home to take advantage of pre-holiday lull

In Burlington, Ontario, some homeowners are quickly preparing their properties for sale to take advantage of a quieter real estate market before the holiday season. With fewer listings and less competition, sellers see this period as an opportunity to attract serious buyers.

The Burlington real estate market has experienced notable activity in recent months. In October 2024, there were 226 home sales, a 65% increase from the previous year. However, the average sale price decreased by 5% to $1,088,016 compared to October 2023. Detached homes saw a significant rise in sales, with 125 units sold, marking a 70% increase year-over-year, though their average price dropped by 8.5% to $1.33 million.

Sellers are focusing on making their homes more appealing to potential buyers. This includes thorough cleaning, decluttering, and staging to highlight the property's best features. Enhancing curb appeal by maintaining lawns, trimming bushes, and adding fresh paint to the front door can make a significant difference.

The current market conditions in Burlington present both opportunities and challenges. While there is increased buyer interest, the rise in active listings means sellers need to price their homes competitively and ensure they stand out. Homes that are well-presented and priced appropriately are more likely to attract offers.

Looking ahead, analysts predict that Burlington's housing market will continue to grow. Re/Max forecasts a 4% increase in average home prices in 2024, with the average price expected to reach just below $1.148 million. Sales activity is also anticipated to rise by 3%, indicating a balanced market where demand meets supply.

For homeowners considering selling, acting before the holiday season could be advantageous. With fewer listings on the market, there's less competition, and serious buyers are still actively searching. By preparing their homes effectively and pricing them right, sellers can capitalize on this pre-holiday lull in the Burlington real estate market.