{"id":1403,"date":"2014-08-06T10:38:44","date_gmt":"2014-08-06T14:38:44","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1403"},"modified":"2023-11-28T16:21:30","modified_gmt":"2023-11-28T21:21:30","slug":"0814-2","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/0814-2\/","title":{"rendered":"Hamilton Real Estate – Exceptional real estate market in July"},"content":{"rendered":"

\"RAHB-logo\"<\/a>(August 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0<\/sup>Association of Hamilton-Burlington (RAHB) reported 1559 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0<\/sup>(MLS\u00a0\u00ae\u00a0<\/sup>) system in July.\u00a0\u00a0This represents a 21.5 per cent increase in sales compared to July of last year.
\n 
\nThere were 1968 properties listed in July, an increase of 5.5 per cent over the same month last year.\u00a0\u00a0End-of-month listing inventory was 8.4 per cent lower than last year at the same time.
\n 
\n\u201cJuly is typically a little quieter after the spring market,\u201d said RAHB CEO Ross Godsoe. \u201cbut this year is an exception.\u00a0\u00a0Sales were not only higher than average, but were the highest for a July in over 10 years.\u201d
\n 
\nSeasonally adjusted* sales of residential properties were 18.6 per cent higher than the same month last year, with the average sale price up 6.9 per cent for the month.\u00a0\u00a0Seasonally adjusted numbers of new listings were 6.1 per cent higher than the same month last year.
\n 
\nSeasonally adjusted data for residential properties for the month of July, 2014:
\n 
\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\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
Seasonally Adjusted\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<\/strong>
\nResidential Only\u00a0\u00a0<\/strong><\/td>\n		Percentage change\u00a0compared to<\/strong><\/strong><\/td>\n<\/tr>\n
Jul\/14<\/strong><\/td>\nJun\/14<\/strong><\/td>\nMay\/14<\/strong><\/td>\nApr\/14<\/strong><\/td>\nMar\/14<\/strong><\/td>\nJul\/13<\/strong><\/td>\n<\/tr>\n
New Listings<\/td>\n1695<\/td>\n-2.2%<\/td>\n-0.8%<\/td>\n3.4%<\/td>\n12.3%<\/td>\n6.1%<\/td>\n<\/tr>\n
Sales<\/td>\n1262<\/td>\n2.9%<\/td>\n2.7%<\/td>\n9.8%<\/td>\n13.6%<\/td>\n18.6%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$409,538<\/td>\n2.4%<\/td>\n4.3%<\/td>\n2.3%<\/td>\n1.3%<\/td>\n6.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nActual overall residential sales were 21.3 per cent higher than the previous year at the same time.\u00a0\u00a0Residential freehold sales were 20.8 per cent higher than last year while the condominium market saw an increase of 23.3 per cent in sales.\u00a0The average price of freehold properties showed an increase of 8.1 per cent compared to the same month last year; the average sale price in the condominium market increased 6.3 per cent when compared to the same period last year.
\n 
\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.
\n 
\nThe average days on the market decreased from 42 to 36 days in the freehold market and from 45 to 39 days in the condominium market when compared to the same month last year.
\n 
\nYear to date, listings are 2.5 per cent higher than the same January-to-July period a year ago.\u00a0\u00a0Sales are seven per cent higher and the average sale price is 5.5 per cent higher for the period.
\n 
\n 
\n 
\nThe numbers for the month of July, 2014 compared to July, 2013:
\n\u00a0<\/strong>
\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>\n1866<\/td>\n1968<\/td>\n5.5%<\/td>\n<\/tr>\n
Sales<\/td>\n1283<\/td>\n1559<\/td>\n21.5%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$387,087<\/td>\n$419,231<\/td>\n8.3%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n4284<\/td>\n3924<\/td>\n-8.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nResidential Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1690<\/td>\n1808<\/td>\n7.0%<\/td>\n<\/tr>\n
Sales<\/td>\n1233<\/td>\n1496<\/td>\n21.3%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$320,000<\/td>\n$342,500<\/td>\n7.0%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$383,144<\/td>\n412,694<\/td>\n7.7%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n43<\/td>\n36<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3453<\/td>\n3150<\/td>\n-8.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nFreehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1360<\/td>\n1490<\/td>\n9.6%<\/td>\n<\/tr>\n
Sales<\/td>\n993<\/td>\n1200<\/td>\n20.8%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$347,000<\/td>\n$371,000<\/td>\n6.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$409,503<\/td>\n$442,632<\/td>\n8.1%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n42<\/td>\n36<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2862<\/td>\n2649<\/td>\n-7.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCondominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n330<\/td>\n318<\/td>\n-3.6%<\/td>\n<\/tr>\n
Sales<\/td>\n240<\/td>\n296<\/td>\n23.3%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$259,000<\/td>\n$266,625<\/td>\n2.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$274,084<\/td>\n$291,324<\/td>\n6.3%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n45<\/td>\n39<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n591<\/td>\n501<\/td>\n-15.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCommercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n176<\/td>\n160<\/td>\n-9.1%<\/td>\n<\/tr>\n
Sales<\/td>\n50<\/td>\n63<\/td>\n26.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nEvery 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 
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.<\/p>\n","protected":false},"excerpt":{"rendered":"

(August 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1559 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in July.\u00a0\u00a0This represents a 21.5 per cent increase in sales compared to July of last year.   There were 1968 properties listed in July, an increase of 5.5 per cent over the same […]<\/p>\n","protected":false},"author":3,"featured_media":0,"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-1403","post","type-post","status-publish","format-standard","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - Exceptional real estate market in July - 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\/0814-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - Exceptional real estate market in July - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"(August 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1559 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in July.\u00a0\u00a0This represents a 21.5 per cent increase in sales compared to July of last year.   There were 1968 properties listed in July, an increase of 5.5 per cent over the same […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/steveroblin.com\/0814-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Steve Roblin\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Steve-Roblin-Judy-Marsales-Real-Estate\/254458871237764\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-06T14:38:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T21:21:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/RAHB-logo.gif\" \/>\n<meta name=\"author\" content=\"Steve Roblin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@steveroblin\" \/>\n<meta name=\"twitter:site\" content=\"@steveroblin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Roblin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/steveroblin.com\/0814-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/steveroblin.com\/0814-2\/\"},\"author\":{\"name\":\"Steve Roblin\",\"@id\":\"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce\"},\"headline\":\"Hamilton Real Estate – Exceptional real estate market in July\",\"datePublished\":\"2014-08-06T14:38:44+00:00\",\"dateModified\":\"2023-11-28T21:21:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/steveroblin.com\/0814-2\/\"},\"wordCount\":540,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/steveroblin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/steveroblin.com\/0814-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/RAHB-logo.gif\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/steveroblin.com\/0814-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/steveroblin.com\/0814-2\/\",\"url\":\"https:\/\/steveroblin.com\/0814-2\/\",\"name\":\"Hamilton Real Estate - 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Exceptional real estate market in July - Steve Roblin","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/steveroblin.com\/0814-2\/","og_locale":"en_US","og_type":"article","og_title":"Hamilton Real Estate - Exceptional real estate market in July - Steve Roblin","og_description":"(August 6, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1559 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in July.\u00a0\u00a0This represents a 21.5 per cent increase in sales compared to July of last year.   There were 1968 properties listed in July, an increase of 5.5 per cent over the same […]","og_url":"https:\/\/steveroblin.com\/0814-2\/","og_site_name":"Steve Roblin","article_publisher":"http:\/\/www.facebook.com\/pages\/Steve-Roblin-Judy-Marsales-Real-Estate\/254458871237764","article_published_time":"2014-08-06T14:38:44+00:00","article_modified_time":"2023-11-28T21:21:30+00:00","og_image":[{"url":"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/RAHB-logo.gif"}],"author":"Steve Roblin","twitter_card":"summary_large_image","twitter_creator":"@steveroblin","twitter_site":"@steveroblin","twitter_misc":{"Written by":"Steve Roblin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/steveroblin.com\/0814-2\/#article","isPartOf":{"@id":"https:\/\/steveroblin.com\/0814-2\/"},"author":{"name":"Steve Roblin","@id":"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce"},"headline":"Hamilton Real Estate – Exceptional real estate market in July","datePublished":"2014-08-06T14:38:44+00:00","dateModified":"2023-11-28T21:21:30+00:00","mainEntityOfPage":{"@id":"https:\/\/steveroblin.com\/0814-2\/"},"wordCount":540,"commentCount":0,"publisher":{"@id":"https:\/\/steveroblin.com\/#organization"},"image":{"@id":"https:\/\/steveroblin.com\/0814-2\/#primaryimage"},"thumbnailUrl":"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/RAHB-logo.gif","articleSection":["Posts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/steveroblin.com\/0814-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/steveroblin.com\/0814-2\/","url":"https:\/\/steveroblin.com\/0814-2\/","name":"Hamilton Real Estate - 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