{"id":1399,"date":"2014-07-15T22:09:41","date_gmt":"2014-07-16T02:09:41","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1399"},"modified":"2023-11-28T16:21:31","modified_gmt":"2023-11-28T21:21:31","slug":"hamilton-real-estate-06-14","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-06-14\/","title":{"rendered":"Hamilton Real Estate – June Statistics Listings and Sales Up But Inventory Still Low"},"content":{"rendered":"

 
\n(July 4, 2014 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1572 property sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in June.\u00a0 This represents a 15.6 per cent increase in sales compared to June of last year.
\nThere were 2215 properties listed in June, an increase of 11.5 per cent over the same month last year.\u00a0 End-of-month listing inventory was five per cent lower than last year at the same time.
\n\u201cJune\u2019s sales were good by any measure,\u201d said RAHB CEO Ross Godsoe. \u201cThey were not only up over last year, but were 10 per cent higher than the average for the month.\u201d
\nSeasonally adjusted* sales of residential properties were 7.6 per cent higher than the same month last year, with the average sale price up 4.8 per cent for the month.\u00a0 Seasonally adjusted numbers of new listings were 8.2 per cent higher than the same month last year.
\nSeasonally adjusted data for residential properties for the month of June, 2014:<\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted
\nResidential Only<\/strong><\/td>\n		Percentage change compared to<\/strong><\/td>\n<\/tr>\n
Jun\/14<\/strong><\/td>\nMay\/14<\/strong><\/td>\nApr\/14<\/strong><\/td>\nMar\/14<\/strong><\/td>\nFeb\/14<\/strong><\/td>\nJun\/13<\/strong><\/td>\n<\/tr>\n
New Listings<\/td>\n1737<\/td>\n-0.2%<\/td>\n6.0%<\/td>\n15.1%<\/td>\n22.1%<\/td>\n8.2%<\/td>\n<\/tr>\n
Sales<\/td>\n1216<\/td>\n-0.2%<\/td>\n5.8%<\/td>\n9.5%<\/td>\n16.5%<\/td>\n7.6%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$399,917<\/td>\n2.0%<\/td>\n-0.1%<\/td>\n-1.1%<\/td>\n1.6%<\/td>\n4.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Actual overall residential sales were 16.7 per cent higher than the previous year at the same time.\u00a0 Residential freehold sales were 15.5 per cent higher than last year while the condominium market saw an increase of 22.1 per cent in sales.\u00a0 The average price of freehold properties showed an increase of five per cent compared to the same month last year; the average sale price in the condominium market increased 4.6 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 Average 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.
\n\u201cWe\u2019ve seen more listings come on the market over the last two months, which gives buyers more options,\u201d added Godsoe.\u00a0 \u201cThat doesn\u2019t seem to be translating into a more balanced market, however; we are still seeing a fairly high sales-to-listing ratio, which indicates the seller\u2019s market is continuing in our market area.\u201d
\nThe average days on the market decreased from 37 to 35 days in the freehold market and from 46 to 37 days in the condominium market.
\nYear to date, listings are almost two per cent higher than the same January-to-June period a year ago.\u00a0 Sales are 4.5 per cent higher and the average sale price is five per cent higher for the period.
\n 
\nThe numbers for the month of June, 2014 compared to June, 2013:
\nAll Property Types<\/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\u00a02013\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% Change<\/strong><\/p>\n\n\n\n\n\n\n
Listings<\/td>\n1986<\/td>\n2215<\/td>\n11.5%<\/td>\n<\/tr>\n
Sales<\/td>\n1360<\/td>\n1572<\/td>\n15.6%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$397,949<\/td>\n$415,375<\/td>\n4.4%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n4283<\/td>\n4070<\/td>\n-5.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Residential Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1837<\/td>\n2077<\/td>\n13.1%<\/td>\n<\/tr>\n
Sales<\/td>\n1307<\/td>\n1525<\/td>\n16.7%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$332,000<\/td>\n$348,000<\/td>\n4.8%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$390,964<\/td>\n$409,195<\/td>\n4.7%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n39<\/td>\n36<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3497<\/td>\n3320<\/td>\n-5.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Freehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1500<\/td>\n1710<\/td>\n14.0%<\/td>\n<\/tr>\n
Sales<\/td>\n1072<\/td>\n1238<\/td>\n15.5%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$355,000<\/td>\n$377,625<\/td>\n6.4%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$415,638<\/td>\n$436,570<\/td>\n5.0%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n37<\/td>\n35<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2919<\/td>\n2757<\/td>\n-5.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Condominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n337<\/td>\n367<\/td>\n8.9%<\/td>\n<\/tr>\n
Sales<\/td>\n235<\/td>\n287<\/td>\n22.1%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$263,500<\/td>\n$264,900<\/td>\n0.5%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$278,410<\/td>\n$291,112<\/td>\n4.6%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n46<\/td>\n37<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n578<\/td>\n563<\/td>\n-2.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Commercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n148<\/td>\n138<\/td>\n-6.8%<\/td>\n<\/tr>\n
Sales<\/td>\n53<\/td>\n47<\/td>\n-11.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Every community in RAHB\u2019s market area has its own localized residential market.\u00a0 Please 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.
\nClick\u00a0here<\/a>\u00a0for the Residential Real Estate Market Activity chart for the City of Hamilton.
\nClick\u00a0here<\/a>\u00a0for the Residential Real Estate Market Activity chart for Burlington.
\nClick\u00a0here<\/a>\u00a0for the Monthly Market Activity chart.<\/p>\n","protected":false},"excerpt":{"rendered":"

  (July 4, 2014 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1572 property sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in June.\u00a0 This represents a 15.6 per cent increase in sales compared to June of last year. There were 2215 properties listed in June, an increase of 11.5 […]<\/p>\n","protected":false},"author":3,"featured_media":119,"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":[7],"tags":[],"class_list":["post-1399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-october2010"],"acf":[],"yoast_head":"\nHamilton Real Estate - June Statistics Listings and Sales Up But Inventory Still Low - 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\/hamilton-real-estate-06-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - June Statistics Listings and Sales Up But Inventory Still Low - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"  (July 4, 2014 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1572 property sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in June.\u00a0 This represents a 15.6 per cent increase in sales compared to June of last year. 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