{"id":1516,"date":"2014-09-04T10:20:19","date_gmt":"2014-09-04T14:20:19","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1516"},"modified":"2023-11-28T16:21:29","modified_gmt":"2023-11-28T21:21:29","slug":"hamilton-real-estate-0814","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-0814\/","title":{"rendered":"Hamilton Real Estate – Strong Market continues – August 2014 statistics"},"content":{"rendered":"

Strong summer market continued through August<\/strong>
\n 
\n(September 4, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0<\/sup>Association of Hamilton-Burlington (RAHB) reported 1219 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0<\/sup>(MLS\u00a0\u00ae\u00a0<\/sup>) system in August.\u00a0\u00a0This represents a 1.9 per cent increase in sales compared to August of last year.
\nThere were 1556 properties listed in August, a decrease of 5.5 per cent from the same month last year.\u00a0\u00a0End-of-month listing inventory was 10.1 per cent lower than last year at the same time.
\n\u201cOverall, sales are up a bit for the month of August, compared to August of last year,\u201d said RAHB CEO Ross Godsoe. \u201cCompared to the results for the month of August over the last ten years, however, sales are six per cent higher than average. We have certainly seen a strong market this summer.\u201d
\nSeasonally adjusted* sales of residential properties were 3.7 per cent higher than the same month last year, with the average sale price up 5.3 per cent for the month.\u00a0\u00a0Seasonally adjusted numbers of new listings were 1.1 per cent lower than the same month last year.
\nSeasonally adjusted data for residential properties for the month of August, 2014:<\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted\u00a0<\/strong>
\nResidential Only<\/strong><\/td>\n		Percentage change compared to<\/strong><\/td>\n<\/tr>\n
Aug\/14<\/strong><\/td>\nJul\/14<\/strong><\/td>\nJun\/14<\/strong><\/td>\nMay\/14<\/strong><\/td>\nApr\/14<\/strong><\/td>\nAug\/13<\/strong><\/td>\n<\/tr>\n
New Listings<\/td>\n1643<\/td>\n-2.7%<\/td>\n-4.5%<\/td>\n-3.8%<\/td>\n0.3%<\/td>\n-1.1%<\/td>\n<\/tr>\n
Sales<\/td>\n1220<\/td>\n-3.6%<\/td>\n-1.0%<\/td>\n-0.8%<\/td>\n6.2%<\/td>\n3.7%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$405,472<\/td>\n-1.0%<\/td>\n1.2%<\/td>\n3.3%<\/td>\n1.3%<\/td>\n5.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Actual overall residential sales were 1.7 per cent higher than the previous year at the same time.\u00a0\u00a0Residential freehold sales were less than one per cent lower than last year while the condominium market saw an increase of 12.6 per cent in sales.\u00a0\u00a0The average price of freehold properties showed an increase of 6.8 per cent compared to the same month last year; the average sale price in the condominium market increased 2.7 per cent when compared to the same period last year.
\n\u201cThere was some relief for buyers of residential units in August as sale prices eased a bit compared to the previous few months,\u201d said Godsoe.\u00a0\u00a0\u201cIt\u2019s hard to say at this point if this is a trend that will continue into the fall.\u201d
\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 the market decreased from 45 to 41 days in the freehold market and from 45 to 39 days in the condominium market when compared to the same month last year.
\nYear to date, listings are 1.8 per cent higher than the same January-to-August period a year ago.\u00a0\u00a0Sales are 6.4 per cent higher and the average sale price is 5.4 per cent higher for the period.
\n\u201cThe seller\u2019s market has persisted throughout 2014,\u201d added Godsoe, \u201cand with the continued low listing inventory and continued low interest rates, there\u2019s no indication it will end anytime soon.\u201d
\n<span “times=”” new=”” ar-sa;”=””>
\nThe numbers for the month of August, 2014 compared to August, 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\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>\n1647<\/td>\n1556<\/td>\n-5.5%<\/td>\n<\/tr>\n
Sales<\/td>\n1196<\/td>\n1219<\/td>\n1.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$384,042<\/td>\n$402,494<\/td>\n4.8%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n4135<\/td>\n3716<\/td>\n-10.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Residential Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1516<\/td>\n1447<\/td>\n-4.6%<\/td>\n<\/tr>\n
Sales<\/td>\n1145<\/td>\n1164<\/td>\n1.7%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$321,000<\/td>\n$340,000<\/td>\n5.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$376,592<\/td>\n$397,938<\/td>\n5.7%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n45<\/td>\n41<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3317<\/td>\n2971<\/td>\n-10.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Freehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1215<\/td>\n1186<\/td>\n-2.4%<\/td>\n<\/tr>\n
Sales<\/td>\n947<\/td>\n941<\/td>\n-0.6%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$340,000<\/td>\n$360,000<\/td>\n5.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$394,077<\/td>\n$420,909<\/td>\n6.8%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n45<\/td>\n41<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2704<\/td>\n2495<\/td>\n-7.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Condominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n301<\/td>\n261<\/td>\n-13.3%<\/td>\n<\/tr>\n
Sales<\/td>\n198<\/td>\n223<\/td>\n12.6%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$259,950<\/td>\n$275,000<\/td>\n5.8%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$292,967<\/td>\n$301,004<\/td>\n2.7%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n45<\/td>\n39<\/td>\n <\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n613<\/td>\n476<\/td>\n-22.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Commercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n131<\/td>\n109<\/td>\n-16.8%<\/td>\n<\/tr>\n
Sales<\/td>\n50<\/td>\n55<\/td>\n10.0%<\/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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Strong summer market continued through August   (September 4, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1219 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in August.\u00a0\u00a0This represents a 1.9 per cent increase in sales compared to August of last year. There were 1556 properties listed in August, a decrease of […]<\/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":[7],"tags":[],"class_list":["post-1516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-october2010"],"acf":[],"yoast_head":"\nHamilton Real Estate - Strong Market continues - August 2014 statistics - 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-0814\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - Strong Market continues - August 2014 statistics - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Strong summer market continued through August   (September 4, 2014 \u2013 Hamilton, Ontario)\u00a0\u00a0The REALTORS\u00a0\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1219 property sales processed through the RAHB Multiple Listing Service\u00a0\u00ae\u00a0(MLS\u00a0\u00ae\u00a0) system in August.\u00a0\u00a0This represents a 1.9 per cent increase in sales compared to August of last year. 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