Sales Slightly Down, Prices Up
(March 3, 2011 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 926 units sold in the association’s jurisdiction* in the month of February, according to Multiple Listing Service® (MLS®) statistics released today. This represents an 8.7 per cent decrease in sales from the same month last year.
The number of residential properties sold during February totalled 897, and included 702 freehold properties and 195 condominiums. Commercial sales for February, including industrial, farm, vacant land and business, totalled 29 units.
The average sale price of freehold residential properties in the association’s jurisdiction in the month of February was $333,936, an increase of 3.7 per cent over February, 2010. The average sale price reflects the dollar volume of freehold residential sales divided by the number of total freehold residential units sold.
In the condominium market, the average unit price was $232,289 a decrease of 3.4 per cent from the same month last year.
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.