July Stats

The July, 2011 real estate market in the Greater Hamilton, Burlington and outlying areas* experienced an increase in listings, sales and average sale price compared to July of last year, according to Multiple Listing Service® (MLS®) statistics released today by the REALTORS® Association of Hamilton-Burlington (RAHB).The residential freehold market saw with a 21.3% increase in the number of sales over last year and a 5.6% increase in average sale price.It is sort of a unfair comparison as last July’s sales were heavily affected by the implementation of the HST
Overall year to date, residential sales are 2.9 per cent lower than in the same period last year.
Every community in our marketing area has their own localized residential market with larger swings than we see in the overall numbers. Hamilton West, Hamilton Mountain, Dundas, Grimsby and Glanbrook all saw significant increases in numbers of sales, while Dunnville and Flamborough showed fewer sales compared to July of last year.
The numbers for the month of July:
All Property Types               2010                      2011                      % change             10-year average

Residential Only

Freehold Only

Condominium Only

Commercial Properties (includes industrial, farm, vacant land and business)

 
Dundas was the only community with a sizeable decrease in average sale price compared to last year.  Dunnville and Burlington were the only communities with sizeable increases in average sale price, with Dunnville showing a 13 per cent increase and Burlington a 16.1 per cent increase.
For more detailed statistics including statistics broken down by YOUR  region and YOUR style of home please contact Steve.