{"id":1247,"date":"2014-05-06T22:31:07","date_gmt":"2014-05-07T02:31:07","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1247"},"modified":"2023-11-28T16:21:32","modified_gmt":"2023-11-28T21:21:32","slug":"hamiltonrealestatemay2014","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamiltonrealestatemay2014\/","title":{"rendered":"Hamilton Real Estate – Low listing inventory continues!"},"content":{"rendered":"

(May 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0<\/sup>Association of Hamilton-Burlington (RAHB) reported 1474 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0<\/sup>(MLS\u00a0\u00ae\u00a0<\/sup>) system in April.\u00a0\u00a0This represents a 2.7 per cent decrease in sales compared to April of last year.
\nThere were 2252 properties listed in April, an increase of 1.6 per cent over the same month last year.\u00a0\u00a0End-of-month listing inventory was 9.3 per cent lower than last year at the same time.
\n\u201cListing activity picked up through the month of April,\u201d said RAHB CEO Ross Godsoe, \u201cand was actually a little above average for the month of April for the last ten years.\u00a0\u00a0Sales were about five per cent above the 10-year average, even though they are lower than April a year ago.\u201d
\nSeasonally adjusted* sales of residential properties were 2.6 per cent higher than the same month last year, with the average sale price up 7.3 per cent for the month.\u00a0\u00a0Seasonally adjusted numbers of new listings were 5.7 per cent higher than the same month last year.
\nSeasonally adjusted data for residential properties for the month of April, 2014:<\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted\u00a0<\/strong>
\nResidential Only\u00a0<\/strong><\/td>\n		Percentage change compared to<\/strong><\/td>\n<\/tr>\n
Apr\/14\u00a0<\/strong><\/td>\nMar\/14\u00a0<\/strong><\/td>\nFeb\/14<\/strong><\/td>\nJan\/14<\/strong><\/td>\nDec\/13<\/strong><\/td>\nApr\/13<\/strong><\/td>\n<\/tr>\n
New Listings<\/td>\n1616<\/td>\n8.6%<\/td>\n13.6%<\/td>\n8.9%<\/td>\n16.5%<\/td>\n5.7%<\/td>\n<\/tr>\n
Sales<\/td>\n1115<\/td>\n0.4%<\/td>\n6.8%<\/td>\n4.2%<\/td>\n-2.0%<\/td>\n2.6%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$401,828<\/td>\n-0.5%<\/td>\n2.1%<\/td>\n0.8%<\/td>\n1.2%<\/td>\n7.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nActual overall residential sales were 1.6 per cent lower than the previous year at the same time.\u00a0\u00a0Residential freehold sales were 1.8 per cent lower than last year while the condominium market saw a decrease of less than one per cent in sales.\u00a0\u00a0The average price of freehold properties showed an increase of 9.3 per cent over the same month last year; the average sale price in the condominium market increased 9.5 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 in the RAHB market area.\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 40 to 34 days in the freehold market and from 42 to 35 days in the condominium market.
\n\u201cProperties continue to move well and aren\u2019t spending as much time on the market as last year, or even last month,\u201d added Godsoe.\u00a0\u00a0\u201cWe were commenting on the low inventory last year at the same time, and this year the listing inventory is even lower.\u00a0\u00a0Buyers will need to take that into consideration as they look for a home this spring.\u201d
\nYear to date, listings are 2.7 per cent lower than the same January-to-April period a year ago.\u00a0\u00a0Sales are 2.5 per cent higher and the average sale price is 7.9 per cent higher for the period.
\nThe numbers for the month of April, 2014 compared to April, 2013\u00a0<\/strong>
\n\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<\/strong><\/p>\n\n\n\n\n\n\n\n
All Property Types<\/strong><\/td>\n2013\u00a0<\/strong><\/td>\n2014\u00a0<\/strong><\/td>\n% Change<\/strong><\/td>\n<\/tr>\n
Listings<\/td>\n2216<\/td>\n2252<\/td>\n1.6%<\/td>\n<\/tr>\n
Sales<\/td>\n1515<\/td>\n1474<\/td>\n-2.7%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$383,100<\/td>\n$419,854<\/td>\n9.6%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n4115<\/td>\n3733<\/td>\n-9.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nResidential Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n2014<\/td>\n2089<\/td>\n3.7%<\/td>\n<\/tr>\n
Sales<\/td>\n1450<\/td>\n1427<\/td>\n-1.6%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$320,000<\/td>\n$342,000<\/td>\n6.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$379,731<\/td>\n$414,736<\/td>\n9.2%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n40<\/td>\n34<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3356<\/td>\n3008<\/td>\n-10.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nFreehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1676<\/td>\n1717<\/td>\n2.4%<\/td>\n<\/tr>\n
Sales<\/td>\n1168<\/td>\n1147<\/td>\n-1.8%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$352,500<\/td>\n$370,000<\/td>\n5.0%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$409,767<\/td>\n$447,719<\/td>\n9.3%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n40<\/td>\n34<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2800<\/td>\n2474<\/td>\n-11.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCondominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n338<\/td>\n372<\/td>\n10.1%<\/td>\n<\/tr>\n
Sales<\/td>\n282<\/td>\n280<\/td>\n-0.7%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$247,000<\/td>\n$263,250<\/td>\n6.6%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$255,324<\/td>\n$279,626<\/td>\n9.5%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n42<\/td>\n35<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n556<\/td>\n534<\/td>\n-4.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCommercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n202<\/td>\n163<\/td>\n-19.3%<\/td>\n<\/tr>\n
Sales<\/td>\n65<\/td>\n47<\/td>\n-27.7% <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

(May 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1474 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in April.\u00a0\u00a0This represents a 2.7 per cent decrease in sales compared to April of last year. There were 2252 properties listed in April, an increase of 1.6 per cent over the same […]<\/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-1247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - Low listing inventory continues! - 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\/hamiltonrealestatemay2014\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - Low listing inventory continues! - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"(May 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1474 property sales were processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in April.\u00a0\u00a0This represents a 2.7 per cent decrease in sales compared to April of last year. 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