{"id":1591,"date":"2015-02-06T16:18:06","date_gmt":"2015-02-06T21:18:06","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1591"},"modified":"2023-11-28T16:21:27","modified_gmt":"2023-11-28T21:21:27","slug":"hamiltonrealestate02-15","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamiltonrealestate02-15\/","title":{"rendered":"Hamilton Real Estate – January 2015 – Winter Chill?"},"content":{"rendered":"
\n
\n
\n\"Judy<\/a>Cool Start to the Year\n<\/div>\n<\/div>\n
\n
\n(February 5, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 716 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in January. This represents an 8.3 per cent decrease in sales compared to January of last year.
\nThere were 1459 properties listed in January, a decrease of 2.8 per cent compared to the same month the year prior. End-of-month listing inventory was 10 per cent lower than last January.
\n\u201cThe winter chill was reflected in the January real estate market,\u201d said RAHB CEO Ross Godsoe. \u201cIt\u2019s usual for January to see fewer listings and sales, but this January we saw fewer than average.\u201d
\nSeasonally adjusted* sales of residential properties were 2.6 per cent lower than the same month of the previous year, with the average sale price up 7.2 per cent for the month. Seasonally adjusted numbers of new listings were two per cent higher than the same month the year prior.
\nSeasonally adjusted data for residential properties for the month of January, 2015:
\nSeasonally Adjusted Percentage change compared to
\nResidential Only Jan\/15 Dec\/14 Nov\/14 Oct\/14 Sep\/14 Jan\/14
\nActual overall residential sales were 7.7 per cent lower than the previous year at the same time. Residential freehold sales were 6.3 per cent lower than last January while sales in the condominium market saw a decrease of 14.2 per cent.
\n\u201cDo lower listings and sales indicate that the market is starting to balance out?\u201d added Godsoe. \u201cIt\u2019s too early to tell for sure. It is interesting to note that January\u2019s sales-to-listings ratio is lower than it\u2019s been for awhile, but for a January, it\u2019s actually quite high \u2013 higher than average, in fact.\u201d
\nThe average price of freehold properties showed an increase of 8.5 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 1.7 per cent when compared to the same period.
\nThe average sale price is based on the total dollar volume of all properties sold in the RAHB market area. 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.
\nThe average days on the market decreased from 55 to 46 days in the freehold market and from 57 to 51 days in the condominium market when compared to the same month the previous year.\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\nThe numbers for the month of January, 2015 compared to January, 2014:\n<\/div>\n<\/div>\n
\n
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
\nEstablished in 1921, the REALTORS\u00ae Association of Hamilton-Burlington (RAHB) represents more than 2,700 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the association may use the REALTOR\u00ae trademark, which identifies them as real estate professionals whosubscribe toa strict code of ethics. The association operates the local Multiple Listing Service\u00ae (MLS\u00ae) and provides ongoing professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS\u00ae property listings and information about the services provided by a REALTOR\u00ae can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cool Start to the Year (February 5, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 716 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in January. This represents an 8.3 per cent decrease in sales compared to January of last year. There were 1459 properties listed in January, a […]<\/p>\n","protected":false},"author":3,"featured_media":1592,"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-1591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - January 2015 - Winter Chill? - 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\/hamiltonrealestate02-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - January 2015 - Winter Chill? - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Cool Start to the Year (February 5, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 716 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in January. 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