August Stats are Here!

Hamilton, ON (September 3, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,067 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in August 2019. August sales are down from July and June of this year, as well as August of 2018; however, the 2019 year-to-date number of sales is up 10.2 per cent over 2018. The average price for residential properties increased by 6.4 per cent from August 2018 to $599,589.

 

“The year-to-date number of sales is higher in 2019 compared to 2018 because we had a stronger spring,” says RAHB President Bob Van de Vrande. “If the average price continues to increase and inventory stays low, we may shift out of the balanced market we’ve been experiencing over the last year and a half as we move into a busy fall.”

The number of sales for detached single family properties within the entire RAHB market decreased by 0.7 per cent compared to the same month last year, and the average sale price increased by 5.7 per cent. Townhouse sales activity across the entire RAHB market area decreased from August 2018 by 1.7 per cent, and the average townhouse sale price increased by 10.4 per cent to $519,895. Apartment-style property sales increased by 14.6 per cent from August 2018, and the average price increased by 10.6 per cent.

 

“Single family homes, townhouses and apartment-style properties all saw increases in average price in each of our four main market areas in August 2019,” adds Van de Vrande. “But only apartment-style properties saw an increase in number of sales, which could indicate that buyers are continuing to choose more affordable options.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

 

*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.

 

SOURCE: https://www.rahb.ca/rahb-realtors-release-august-statistics/


Hamilton, ON (August 1, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 1,170 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in July 2019. This is a 10.3 per cent increase from July last year; however, a 2.7 per cent decrease over June 2019 and a 12.9 per cent decrease from May 2019. The average price for residential properties increased by 0.9 per cent from July 2018 to $593,702.

 

“A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer,” says RAHB President Bob Van de Vrande. “Average prices have stayed fairly stable since the spring high, which could point towards a healthy fall market when we could see the number of sales edge higher again.”

The number of sales for single family properties within the entire RAHB market increased by 13.1 per cent compared to the same month last year, and the average sale price increased by 7.2 per cent. Townhouse sales activity across the entire RAHB market area decreased from July 2018 by 4.5 per cent, and the average townhouse sale price increased by 1.8 per cent to $496,230. Apartment-style property sales increased by 38.5 per cent from July 2018, and the average price decreased by 8 per cent.

 

“Single family detached properties saw increases across both number of sales and average price; however, the most significant gain was in apartment-style condominiums,” says Van de Vrande. “An increase in sales of 38.5 per cent at a price point that is fairly stable, is a very affordable option for first-time home buyers and seniors looking to downsize.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

 

*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.

– 30 –


June Stats are Here!

Hamilton, ON (July 2, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,203 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in June 2019. This is a 4.2 per cent increase from June last year; however, a 10.5 per cent decrease over May 2019 and a 1.9 per cent decrease from April 2019. The average price for residential properties increased by 5.2 per cent from June 2018 to $593,549; however, decreased from May 2019 by 0.03 per cent.

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

The number of sales for single family properties within the entire RAHB market increased by 11.6 per cent compared to the same month last year, and the average sale price increased by 4.9 per cent. Townhouse sales activity across the entire RAHB market area decreased from June 2018 by 3.9 per cent, and the average townhouse sale price increased by 3.6 per cent to $499,523. Apartment-style property sales decreased by 8 per cent from June 2018, and the average price also decreased by 0.3 per cent.

“Only single family or detached homes saw an increase in average price and number of sales, which bucks the trend we’ve seen over the last year – buyers choosing more affordable options.” adds Van de Vrande. “Of course, this is an overall evaluation of our entire market area, and numbers can deviate from the average when we look at smaller or individual communities.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.

ORIGINAL ARTICLE: https://www.rahb.ca/rahb-realtors-release-june2019-statistics/


CTA

Et harumd dereud facilis est er expedit distinctem cum soluta nobis eligend ottio comgueim pedit anim id quod maxim placeat facer pos luptas as sumenda.


CTA

Et harumd dereud facilis est er expedit distinctem cum soluta nobis eligend ottio comgueim pedit anim id quod maxim placeat facer pos luptas as sumenda.