Mar 5, 2015 | Member Services |
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1079 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in February. This represents a 13.9 per cent increase in sales compared to February of last year.
There were 1450 properties listed in February, an increase of 2.6 per cent compared to the same month the year prior. End-of-month listing inventory was 11.3 per cent lower than last February.
“The record cold month of February didn’t keep the buyers away,” said RAHB CEO Ross Godsoe. “Sales were not only up from last year, but were about five per cent higher than the average for the month of February.”
Seasonally adjusted* sales of residential properties were 10.9 per cent higher than the same month of the previous year, with the average sale price up 9.6 per cent for the month. Seasonally adjusted numbers of new listings were 1.9 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of February, 2015:
Actual overall residential sales were 13.2 per cent higher than the previous year at the same time. Residential freehold sales were 15 per cent higher than last February while sales in the condominium market saw an increase of 5.2 per cent.
“While there were more new listings in February of this year than there were last February, new listings are still about 12 per cent lower than the 10-year average for the month,” added Godsoe. “That is having an impact on the listing inventory. The higher than average sales coupled with lower than average new listings plus continued low listing inventory is keeping our area firmly in a seller’s market.”
The average price of freehold properties showed an increase of 10.1 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 3.2 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 44 to 36 days in the freehold market and from 41 to 37 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 3.9 per cent higher compared to the same two-month period last year; listings are flat to last year and the average sale price is 9.8 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.
Feb 5, 2015 | MLS®, Stats & Technology |
(February 5, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 716 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in January. This represents an 8.3 per cent decrease in sales compared to January of last year.
There were 1459 properties listed in January, a decrease of 2.8 per cent compared to the same month the year prior. End-of-month listing inventory was 10 per cent lower than last January.
“The winter chill was reflected in the January real estate market,” said RAHB CEO Ross Godsoe. “It’s usual for January to see fewer listings and sales, but this January we saw fewer than average.”
Seasonally adjusted* sales of residential properties were 2.6 per cent lower than the same month of the previous year, with the average sale price up 7.2 per cent for the month. Seasonally adjusted numbers of new listings were two per cent higher than the same month the year prior.
Actual overall residential sales were 7.7 per cent lower than the previous year at the same time. Residential freehold sales were 6.3 per cent lower than last January while sales in the condominium market saw a decrease of 14.2 per cent.
“Do lower listings and sales indicate that the market is starting to balance out?” added Godsoe. “It’s too early to tell for sure. It is interesting to note that January’s sales-to-listings ratio is lower than it’s been for awhile, but for a January, it’s actually quite high – higher than average, in fact.”
The average price of freehold properties showed an increase of 8.5 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 1.7 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 the market decreased from 55 to 46 days in the freehold market and from 57 to 51 days in the condominium market when compared to the same month the previous year.
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.
Feb 5, 2015 | MLS®, Stats & Technology |
Feb 5, 2015 | MLS®, Stats & Technology |
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 – 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
Feb 3, 2015 | MLS®, Stats & Technology |
Watch your email for the monthly stats release and charts.
New for 2015 – the stats maps and pie charts will be included with your monthly stats email.
You can also find the RAHB stats on: www.rahb.ca, REALTOR Link®: Market Data & Stats, RAHB blog: https://blog.rahb.ca (use tags “stats” and “stats maps”.)
Jan 9, 2015 | MLS®, Stats & Technology |
Jan 9, 2015 | MLS®, Stats & Technology |
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 796 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in December. This represents a 7.6 per cent increase in sales compared to December of the previous year.
There were 695 properties listed in December, an increase of 15.4 per cent compared to the same month the year prior. End-of-month listing inventory was 13 per cent lower.
“We saw a very strong real estate market in December,” said RAHB President Donna Bacher. “Listings and sales were both above average for the month; we haven’t seen a December market like this since 2009.”
Seasonally adjusted* sales of residential properties were 4.4 per cent higher than the same month of the previous year, with the average sale price up 4.5 per cent for the month. Seasonally adjusted numbers of new listings were 11.3 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of December, 2014:
Actual overall residential sales were 8.2 per cent higher than the previous year at the same time. Residential freehold sales were 9.8 per cent higher while sales in the condominium market saw an increase of 2.1 per cent.
“With more properties selling than were listed in December, we may be in for an interesting January,” added Bacher. “Statistically speaking, we’ve now sold some of the listing inventory, leaving us with considerably fewer listings going into the new year. The low inventory and December’s strong sales mean we remain in a seller’s market.”
The average price of freehold properties showed an increase of 5.4 per cent compared to the same month the previous year; the average sale price in the condominium market decreased by 2.2 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 the market decreased from 51 to 45 days in the freehold market and increased from 47 to 53 days in the condominium market when compared to the same month the previous year.
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.
Dec 5, 2014 | MLS®, Stats & Technology |
Dec 5, 2014 | MLS®, Stats & Technology |
Average price by district for Outlying, Hamilton and Burlington RAHB jurisdictional areas for November 2014. (#) Residential Unit Sales.
Dec 5, 2014 | MLS®, Stats & Technology |
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1096 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in November. This represents a 1.8 per cent increase in sales compared to November of last year.
There were 1287 properties listed in November, a decrease of 2.1 per cent compared to the same month last year. End-of-month listing inventory was 12.9 per cent lower than last year at the same time.
“It’s still a seller’s market in our market area,” said RAHB CEO Ross Godsoe. “Listings were lower compared to the same month last year and were a little over six per cent lower than the 10-year average for the month, while sales were up compared to last year and about 8.5 per cent higher than average for a November.”
Seasonally adjusted* sales of residential properties were 5.2 per cent higher than the same month last year, with the average sale price up 8.5 per cent for the month. Seasonally adjusted numbers of new listings were 2.2 per cent higher than the same month last year.
Seasonally adjusted data for residential properties for the month of November, 2014:
Actual overall residential sales were 2.9 per cent higher than the previous year at the same time. Residential freehold sales were 3.4 per cent higher than last year while sales in the condominium market saw an increase of one per cent.
“November’s residential sales were the second highest in ten years for the month,” added Godsoe.
The average price of freehold properties showed an increase of 6.4 per cent compared to the same month last year; the average sale price in the condominium market increased 17 per cent when compared to the same period last year.
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 the market decreased from 46 to 40 days in the freehold market and decreased from 49 to 39 days in the condominium market when compared to the same month last year.
Year to date, listings are two per cent higher than the same January-to-November period a year ago. Sales are 5.8 per cent higher and the average sale price is 5.8 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.
Nov 12, 2014 | MLS®, Stats & Technology |
Nov 12, 2014 | MLS®, Stats & Technology |
Average price by district for Burlington, Hamilton and Outlying RAHB jurisdictional areas for October 2014. (#) Residential Unit Sales.
