RAHB Sales – October 2015
RAHB Area Maps – September
RAHB Average Price by District – (#) Residential Unit Sales
Hamilton
Hamilton West, 10 – 12
Hamilton East, 23, 24, 27 – 29
Hamilton Centre, 13, 14, 20 – 22
Hamilton Mountain, 15 – 18, 25 & 26
Burlington, 30 – 36, 38
Outlying
Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60
RAHB Sales – September 2015
Another monthly sales record set in September
(October 6, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,387 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in September. Sales were 8.2 per cent higher than the same month last year and 25.2 per cent higher than the 10-year average, and were a record for the month of September.
There were 2,134 properties listed in September, an increase of 4.9 per cent compared to September of last year.
“This has been quite the year for breaking monthly and all-time sales records,” said RAHB CEO George O’Neill. “The trend continued last month with record-breaking sales for the month of September. The real estate market in the Greater Hamilton-Burlington area continues to perform above expectations.”
Seasonally adjusted* sales of residential properties were 7.9 per cent higher than the same month of the previous year, with the average sale price up 8.8 per cent for the month. Seasonally adjusted numbers of new listings were 4.9 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of September, 2015:
Actual overall residential sales of 1,319 units were 7.8 per cent higher than the same month last year. Residential freehold sales were 8.5 per cent higher than last September while sales in the condominium market increased by 4.7 per cent.
The average price of freehold properties showed an increase of 9.3 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 5.7 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold by RAHB members. Average sale price information 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.
“Over the past few months, much has been made about the increase in average sale price compared to last year, and everyone seems to think the prices just keep going up and up,” noted O’Neill. “That is true only in comparison to last year. If you look at the average sale price since February – but not including last month when we had those two multi-million dollar sales which skewed our average sale price – the average sale price has varied by about only $15,000, and it’s been going up and down from month to month. The average sale price, overall, is actually quite stable.”
The average days on market decreased from 38 to 33 days in the freehold market and from 44 to 35 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 11.1 per cent higher compared to the same period last year; listings are seven per cent higher than last year and the average sale price is 8.7 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
New Sales Record Set for Month of August
(September 3, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,300 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August. Sales were 7.2 per cent higher than the same month last year and 12.4 per cent higher than the 10-year average.
There were 1,833 properties listed in August, an increase of 16.9 per cent compared to August of last year.
“Despite the increase in number of properties listed, end of month listing inventory was still 9.5 per cent lower than last year,” said RAHB CEO George O’Neill. “There is slightly over two and a half months of listing inventory – more than at the end of last month, but still low enough to leave our area in a seller’s market.”
Seasonally adjusted* sales of residential properties were 8.2 per cent higher than the same month of the previous year, with the average sale price up 16.7 per cent for the month. Seasonally adjusted numbers of new listings were 13.9 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of August, 2015:
Actual overall residential sales of 1,251 units were 7.9 per cent higher than the same month last year, and set a new record for sales in the month of August. Residential freehold sales were 8.1 per cent higher than last August while sales in the condominium market increased by 7.2 per cent.
The average price of freehold properties showed an increase of 19.4 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 1.2 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold by RAHB members. Average sale price information 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.
“The increase in average sale price for residential properties overall and for freehold properties is a bit misleading,” noted O’Neill. “We report on all activity processed through our Multiple Listing Service®, and some of those properties are not located in our market area. As it happened this last month, there were a couple of very high end properties in Oakville which were listed by our members and which sold for around $10 million. Those kinds of numbers can really skew our statistics. Looking at the median sale price is more helpful – the median for all residential sales was $365,000 and $393,500 for freehold – a big difference from the average of $501,830 for freehold properties.”
“This is why it is important to consult with a REALTOR® when you are looking for information about the value of properties in any given area,” he added.
The average days on market decreased from 41 to 36 days in the freehold market and from 39 to 38 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 11.6 per cent higher compared to the same period last year; listings are 7.2 per cent higher than last year and the average sale price is nine per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The association operates the local Multiple Listing Service® (MLS®) and provides ongoing professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
RAHB Sales – August 2015
RAHB Area Maps – August
RAHB Average Price by District – (#) Residential Unit Sales
Hamilton
Hamilton West, 10 – 12
Hamilton East, 23, 24, 27 – 29
Hamilton Centre, 13, 14, 20 – 22
Hamilton Mountain, 15 – 18, 25 & 26
Burlington, 30 – 36, 38
Outlying
Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60
Moulton/Sherbrooke, 60
RAHB Area Maps – July 2015
RAHB Average Price by District – (#) Residential Unit Sales
Hamilton
Hamilton West, 10 – 12
Hamilton East, 23, 24, 27 – 29
Hamilton Centre, 13, 14, 20 – 22
Hamilton Mountain, 15 – 18, 25 & 26
Burlington, 30 – 36, 38
Outlying
Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60
Moulton/Sherbrooke, 60
RAHB Sales – July 2015
Seller’s Market Just Keeps on Going …
(August 6, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1624 sales processed through the RAHB Multiple Listing Service® (MLS®) System in July. While this was no record-breaking month, sales were still 4.4 per cent higher than the same month last year and 27.1 per cent higher than the historical 10-year average.
There were 1,968 properties listed in July, a decrease of just under one per cent compared to the same month the year prior. The lower number of listings plus the increase in sales left the end-of-month listing inventory 13.7 per cent lower than last July.
“It’s still all about lack of inventory,” said RAHB CEO Ross Godsoe. “After three record-breaking months in a row, there is just over two months of listing inventory – a sure indicator of a continued seller’s market.”
Seasonally adjusted* sales of residential properties were 5.9 per cent higher than the same month of the previous year, with the average sale price up 5.7 per cent for the month. Seasonally adjusted numbers of new listings were six per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of July, 2015:
Actual overall residential sales of 1564 units were 4.8 per cent higher than the previous year at the same time. Residential freehold sales were 6.4 per cent higher than last July while sales in the condominium market decreased by 1.7 per cent.
“The sustained seller’s market is particularly evident in the condominium market,” added Godsoe. “Sales may have been down compared to last year, but so were new listings. There isn’t even a month and a half of inventory in the condo market, and the sales-to-new-listing ratio is an astounding 96 per cent in that sector.”
The average price of freehold properties showed an increase of 4.9 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 7.7 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information 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.
The average days on market decreased from 36 to 33 days in the freehold market and from 39 to 30 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 12.2 per cent higher compared to the same period last year; listings are six per cent higher than last year and the average sale price is 7.8 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The association operates the local Multiple Listing Service® (MLS®) and provides ongoing professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
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RAHB Sales – June 2015
Record Sales – Again
(July 6, 2015 – Hamilton, Ontario) For the third month in a row, the REALTORS® Association of Hamilton-Burlington (RAHB) reported record breaking sales in the Greater Hamilton, Burlington and outlying areas. June’s 2062 property sales processed through the RAHB Multiple Listing Service® (MLS®) system smashed the record of 1810 sales set just last month.
June sales were 31.2 per cent higher compared to June of last year, and a whopping 43 per cent above the historical average for the month.
There were 2,526 properties listed in June, an increase of 12.9 per cent compared to the same month the year prior. However, the increase in sales left the end-of-month listing inventory 12.2 per cent lower than last June.
“The real estate market exploded in June,” said RAHB CEO Ross Godsoe. “To break the old record – set just last month – by that much and for the second month in a row, shows just how active it was. We saw more areas throughout Hamilton in particular where homes sold at or above list price as an average – not just in isolated cases.”
Seasonally adjusted* sales of residential properties were 22.3 per cent higher than the same month of the previous year, with the average sale price up 9.5 per cent for the month. Seasonally adjusted numbers of new listings were 6.5 per cent higher than the same month the year prior.
Actual overall residential sales of 1,985 units were 30.2 per cent higher than the previous year at the same time and also a new record for residential sales. Residential freehold sales were 29.6 per cent higher than last June while sales in the condominium market saw an increase of 32.4 per cent.
“Inventory is extremely low,” added Godsoe. “We are deep into a sellers’ market right now. The two main indicators are the sales-to-listing ratio, which is high at almost 85 per cent in the residential market, and months of inventory. Right now we have less than two months inventory. That is extremely low when you consider that a balanced market has five to eight months of inventory.”
The average price of freehold properties showed an increase of 10.4 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 8.2 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information 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.
The average days on market decreased from 35 to 29 days in the freehold market and from 37 to 30 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 14 per cent higher compared to the same period last year; listings are 7.1 per cent higher than last year and the average sale price is 8.4 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The association operates the local Multiple Listing Service® (MLS®) and provides ongoing professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
