The June, 2011 real estate market in the Greater Hamilton, Burlington and their outlying areas* experienced an increase in listings, sales and average sale price compared to June of last year, according to Multiple Listing Service® (MLS®) statistics released today by the REALTORS® Association of Hamilton-Burlington (RAHB).
It was the freehold residential market that saw the larger gains over the same month last year, with a 5.4 per cent increase in sales and a 7.2 per cent increase in average sale price.
Second quarter results in the residential market show a 4.6 per cent increase in average sale price
The numbers for the month of June:
All Property Types 2010 2011 % change 10-year average
| Listings | 1651 | 1794 | 8.7 | 1635 |
| Sales | 1206 | 1281 | 6.2 | 1285 |
| Average Sale Price | $301,081 | $320,493 | 6.2 | N/A |
Residential Only
| Listings | 1492 | 1657 | 11.1 | 1495 |
| Sales | 1170 | 1232 | 5.3 | 1236 |
| Average Sale Price | $297,712 | $315,942 | 6.1 | N/A |
Freehold Only
| Sales | 921 | 971 | 5.4 | 989 |
| Average Sale Price | $312,887 | $335,476 | 7.2 | N/A |
Condominium Only
| Sales | 249 | 261 | 4.8 | 247 |
| Average Sale Price | $241,583 | $243,267 | 0.7 | N/A |
Hamilton West saw a 27.2 per cent decrease in sales from the same month last year, while Waterdown had a 39.3 per cent increase in the number of sales. Hamilton East and Flamborough also saw significant increases in number of sales.
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®). Unit sales reflect “all property types” including residential, condominium, commercial property, farm, vacant land and business, unless otherwise specified.
*RAHB’s jurisdiction includes Burlington, Waterdown, Flamborough and Dundas in the north; Hamilton, Ancaster, Stoney Creek, and Grimsby along Lake Ontario; and extends down to the shores of Lake Erie, including Glanbrook, West Lincoln, Smithville, Dunnville, Cayuga, Caledonia, and Hagersville.
