Average Sale Price in Hamilton-Burlington Edges Higher in February

Even tough there were less listing and sales, when compared to February of 2012, the average sale price in Feb 2013 is 4.9% higher – according to the report by the REALTORS® Association of Hamilton-Burlington (RAHB).

RAHB CEO Ross Godsoe said that “last February had one extra day thanks to being in a leap year, so we expected this February’s sales to be a bit lower in comparison, but this year’s sales were not only lower than last year’s but also below average for the month. Does this constitute a downward trend? It’s too early to say. We should have a better idea at the end of the first quarter.”

All Property Types – Actual 2012 2013 % Change
Listings 1789 1486 -16.9%
Sales 1123 961 -14.4%
Average Sale Price $361,062 $378,593 4.9%
End of Month Listing Inventory 3857 3477 -9.9%

Thinking of selling your Burlington home? Why not put my real estate experience to work for you – I’d be delighted to help. As always my goal is to get your property SOLD at the best possible price, in a reasonable amount of time without any stress.