Tag Archives: Burlington real estate market

Strong Fall Market Continues

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1258 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in October. This represents a 4.5 per cent increase in sales compared to October of last year.

“October was another strong month for real estate activity in the RAHB market area,” said RAHB CEO Ross Godsoe. “Listings and sales are both well above average and are the highest they’ve been in October since the most recent recession.”

“The challenge in a sustained strong market is affordability,” said Godsoe. “That may be why more buyers have been attracted to the condominium market over the last few months.”

Seasonally adjusted data for residential properties for the month of October, 2014:

Seasonally adjusted data for residential properties for the month of October, 2014:

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New Monthly Record Set

(October 3 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1286 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in September. This represents a seven per cent increase in sales compared to September of last year.

There were 2017 properties listed in September, an increase of 2.3 per cent over the same month last year. End-of-month listing inventory was 10.3 per cent lower than last year at the same time.

“Sales were the highest we’ve seen for the month of September, ever,” said RAHB President Tim Mattioli. “The strong market seen through the summer is continuing into the fall.”
Seasonally adjusted* sales of residential properties were less than one per cent higher than the same month last year, with the average sale price up 5.3 per cent for the month. Seasonally adjusted numbers of new listings were 1.7 per cent lower than the same month last year.

Seasonally adjusted data for residential properties for the month of September, 2014:

Seasonally

Actual overall residential sales were 6.7 per cent higher than the previous year at the same time. Residential freehold sales were four per cent higher than last year while sales in the condominium market saw an increase of 19.9 per cent.

 

Source: http://www.rahb.ca/press/2014/oct/141003statsreleaseSept.pdf

New Sales Record Set in May

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1660 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system in May. This represents a 4.1 per cent increase in sales compared to May of last year and sets a new record for sales in any month.

There were 2458 properties listed in May, an increase of eight per cent over the same month last year. End-of-month listing inventory was four per cent lower than last year at the same time.

“Spring weather may have taken its time in arriving, but the spring real estate market certainly took off in May,” said RAHB CEO Ross Godsoe. “We didn’t just trip over the record set in 2009; we beat it by 3.5 per cent.”

Seasonally adjusted* sales of residential properties were 8.1 per cent higher than the same month last year, with the average sale price down 1.8 per cent for the month. Seasonally adjusted numbers of new listings were 12 per cent higher than the same month last year.

Seasonally adjusted data for residential properties for the month of May, 2014:

“Having record-setting sales isn’t the whole story,” added Godsoe. “There was also a bump in the number of new listings during the month of May. It wasn’t record-setting, but new listings were higher than the 10-year average for the month. That may account for the slight decrease in average sale price compared to May of last year.”

For the full article go to: http://www.rahb.ca/2014/06/new-sales-record-set-in-may/