{"id":1223,"date":"2014-05-05T14:33:48","date_gmt":"2014-05-05T18:33:48","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1223"},"modified":"2023-11-28T16:21:33","modified_gmt":"2023-11-28T21:21:33","slug":"hamiltonrealestate-0314","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamiltonrealestate-0314\/","title":{"rendered":"Sellers Market Continues – Hamilton Real Estate – March 2014"},"content":{"rendered":"

Seller\u2019s Market Continues<\/strong>
\n 
\n(April 3, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0<\/sup>Association of Hamilton-Burlington (RAHB) reported 1268 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0<\/sup>(MLS\u00a0\u00ae\u00a0<\/sup>) system in March.\u00a0\u00a0This represents a nine per cent increase in sales compared to March of last year.
\nThere were 1885 properties listed in March, a decrease of 1.3 per cent from the same month last year.\u00a0\u00a0End-of-month listing inventory was 12.9 per cent lower than last year at the same time.
\nThe average sale price of $409,684 was 4.3 per cent higher than last March.
\n\u201cThe low inventory of listings is still the story,\u201d said RAHB CEO Ross Godsoe.\u00a0\u00a0\u201cA one per cent decrease doesn\u2019t sound like much, but last March\u2019s listings were down almost 10 per cent from the year before that.\u00a0\u00a0Put in context, listings this March were 8.7 per cent lower than average for the last ten years.\u00a0\u00a0Low inventory coupled with sales that are almost at the 10-year average are driving the price increase and the seller\u2019s market.\u201d
\nSeasonally adjusted* sales of residential properties were 2.4 per cent higher than the same month last year, with the average sale price up seven per cent for the month.\u00a0\u00a0Seasonally adjusted numbers of new listings were 8.4 per cent lower than the same month last year.
\nSeasonally adjusted data for residential properties for the month of March, 2014:
\n <\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted<\/strong>
\nResidential Only<\/strong><\/td>\n		Percentage change compared to<\/strong><\/td>\n<\/tr>\n
Mar\/14\u00a0<\/strong><\/td>\nFeb\/14<\/strong><\/td>\nJan\/14<\/strong><\/td>\n\u00a0Dec\/13<\/strong><\/td>\nNov\/13<\/strong><\/td>\nMar\/13<\/strong><\/td>\n<\/tr>\n
New Listings<\/td>\n1463<\/td>\n3.1%<\/td>\n-1.4%<\/td>\n5.5%<\/td>\n-8.2%<\/td>\n-8.4%<\/td>\n<\/tr>\n
Sales<\/td>\n1107<\/td>\n6.7%<\/td>\n3.4%<\/td>\n-2.7%<\/td>\n-8.8%<\/td>\n2.4%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$404,046<\/td>\n2.8%<\/td>\n1.4%<\/td>\n1.8%<\/td>\n9.7%<\/td>\n7.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Actual overall residential sales were 8.9 per cent higher than the previous year at the same time.\u00a0\u00a0Residential freehold sales were 6.5 per cent higher than last year while the condominium market saw an increase of 19 per cent in sales.\u00a0\u00a0The average price of freehold properties showed an increase of seven per cent over the same month last year; the average sale price in the condominium market increased three per cent when compared to the same period last year.
\nThe average sale price is based on the total dollar volume of all properties sold.\u00a0\u00a0Average 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.
\nThe average days on market decreased from 44 to 37 days in the freehold market and from 43 to 39 days in the condominium market.
\nThe numbers for the month of March, 2014 compared to March, 2013:
\nAll Property Types\u00a0<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02014\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0% Change\u00a0<\/strong><\/p>\n\n\n\n\n\n\n
Listings<\/td>\n1909<\/td>\n1885<\/td>\n-1.3%<\/td>\n<\/tr>\n
Sales<\/td>\n1163<\/td>\n1268<\/td>\n9.0%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$392,804<\/td>\n$409,684<\/td>\n4.3%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3897<\/td>\n3393<\/td>\n-12.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Residential Only<\/strong>
\n <\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1769<\/td>\n1730<\/td>\n-2.2%<\/td>\n<\/tr>\n
Sales<\/td>\n1116<\/td>\n1215<\/td>\n8.9%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$319,450<\/td>\n$338,000<\/td>\n5.8%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$388,334<\/td>\n$410,553<\/td>\n5.7%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n44<\/td>\n38<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3195<\/td>\n2706<\/td>\n-15.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Freehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1441<\/td>\n1403<\/td>\n-2.6%<\/td>\n<\/tr>\n
Sales<\/td>\n906<\/td>\n965<\/td>\n6.5%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$340,000<\/td>\n$371,000<\/td>\n9.1%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$414,277<\/td>\n$443,151<\/td>\n7.0%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n44<\/td>\n37<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2639<\/td>\n2198<\/td>\n-16.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Condominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n328<\/td>\n327<\/td>\n-0.3%<\/td>\n<\/tr>\n
Sales<\/td>\n210<\/td>\n250<\/td>\n19.0%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$258,950<\/td>\n$262,000<\/td>\n1.2%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$276,411<\/td>\n$284,724<\/td>\n3.0%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n43<\/td>\n39<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n556<\/td>\n508<\/td>\n-8.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Commercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n140<\/td>\n154<\/td>\n10.0%<\/td>\n<\/tr>\n
Sales<\/td>\n47<\/td>\n53<\/td>\n12.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Every community in RAHB\u2019s market area has its own localized residential market.\u00a0\u00a0Please refer to the accompanying chart for residential market activity in select areas in RAHB\u2019s jurisdiction.
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.\"RAHB-logo\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Seller\u2019s Market Continues   (April 3, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1268 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in March.\u00a0\u00a0This represents a nine per cent increase in sales compared to March of last year. There were 1885 properties listed in March, a decrease of 1.3 per […]<\/p>\n","protected":false},"author":3,"featured_media":128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nSellers Market Continues - Hamilton Real Estate - March 2014 - Steve Roblin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/steveroblin.com\/hamiltonrealestate-0314\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sellers Market Continues - Hamilton Real Estate - March 2014 - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Seller\u2019s Market Continues   (April 3, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1268 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in March.\u00a0\u00a0This represents a nine per cent increase in sales compared to March of last year. 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