Average sale prices continue to rise!

The real estate market in the Greater Hamilton, Burlington and outlying areas saw an increase in the number of listings and a small decrease in the number of sales and average sale price when compared to the same month last year, according to Multiple Listing Service® (MLS®) statistics released today by the REALTORS® Association of Hamilton-Burlington (RAHB). 
After several months of strong sales, the residential condominium market experienced a drop in number of sales of just under five per cent when compared to December of last year. The same market also saw a 9.9 per cent increase in average sale price over the same month last year. 
In the residential freehold market, sales dropped less than two per cent from last year at this time while the average sale price increased by two per cent.    
While sales were down compared to last year, listings and sales were both higher than the 10-year average for the month. 
Average sale prices continue to rise!
Every community in RAHB’s marketing area has their own localized residential market with larger swings than are evident in the overall numbers.   In December Hamilton Centre, Dundas, Flamborough and Glanbook all saw significant increases in numbers of sales, while Hamilton Mountain, Ancaster, Waterdown and Caledonia showed drops in sales compared to the same month last year. 
Ancaster and Dunnville (area 61) saw decreases in average sale price compared to the same month last year while Hamilton East, Hamilton Mountain, Grimsby and Glanbrook had the greatest increases in average sale price.  
Remember these are only monthly reports.  Comparing particular months. Depending on the number of sales there can be big swings month to month.
Figures quoted are for sales and average sale prices of units located in the jurisdiction* of the REALTORS® Association of Hamilton-Burlington and processed through RAHB’s Multiple Listing Service® (MLS®).
Contact me anytime for more information.
Steve