4661 Ray Lane

4661 Ray Lane is a 5-bedroom 5-bathroom home listed for sale at $1,400,000, which is $1,076,428 (43.5%) lower than the average sold price of $2,476,428 in the last 30 days (March 20 - April 18). During the last 30 days the average sold price for a 5 bedroom home in Burlington increased by $832,278 (50.6%) compared to the previous 30 day period (February 19 - March 19) and down $74,908 (2.9%) from the same time one year ago.There were 12 5-bedroom homes listed in Burlington over the last 30 days (March 20 - April 18), which is up 9.1% compared with the previous 30 day period (February 19 - March 19) and up 71.4% compared with the same period last year.5-bedroom homes in Burlington typically sold ($90,957) (3.7%) below asking price over the last 30 days (March 20 - April 18), which represents a $222,790 decrease compared to the previous 30 day period (February 19 - March 19) and ($162,963) more than the same period last year.Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Burlington over the last 30 days (March 20 - April 18) stood at 58.3%, up from 54.5% over the previous 30 days (February 19 - March 19) and down from 85.7% one year ago.An average time on the market for a 5-bedroom 5-bathroom home in Burlington stood at 19 days when successfully sold over the last 30 days (March 20 - April 18), compared to 72 days before being removed from the market upon being suspended or terminated.