{"id":1605,"date":"2015-04-02T16:38:09","date_gmt":"2015-04-02T20:38:09","guid":{"rendered":"https:\/\/steveroblin.com\/?p=1605"},"modified":"2023-11-28T16:21:26","modified_gmt":"2023-11-28T21:21:26","slug":"hamilton-real-estate-04-15","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-04-15\/","title":{"rendered":"Hamilton Real Estate – Market Blossoming!"},"content":{"rendered":"

\"Judy<\/a>
\nSpring Market Blossoming<\/strong>
\n(April 2, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae<\/sup> Association of Hamilton-Burlington (RAHB) reported 1397 property sales processed through the RAHB Multiple Listing Service\u00ae<\/sup> (MLS\u00ae<\/sup>) system in March. This represents a 10.9 per cent increase in sales compared to March of last year.
\nThere were 2170 properties listed in March, an increase of 14.2 per cent compared to the same month the year prior. End-of-month listing inventory was 7.7 per cent lower than last March.
\n\u201cThe spring market is definitely upon us,\u201d said RAHB CEO Ross Godsoe. \u201cIn March we saw increases in listings and sales over last year, as well as in comparison to the average for the last ten years.\u201d
\nSeasonally adjusted* sales of residential properties were 10.9 per cent higher than the same month of the previous year, with the average sale price up 9.6 per cent for the month. Seasonally adjusted numbers of new listings were 1.9 per cent higher than the same month the year prior.
\nSeasonally adjusted data for residential properties for the month of March, 2015:
\nSeasonally 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 Percentage change compared to<\/strong>
\nResidential Only\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mar\/15\u00a0 \u00a0\u00a0\u00a0\u00a0 Feb\/15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Jan\/15\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Dec\/14\u00a0\u00a0\u00a0 \u00a0Nov\/14\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0Mar\/14<\/strong><\/p>\n\n\n\n\n\n
New Listings<\/td>\n1672<\/td>\n7.2%<\/td>\n6.9%<\/td>\n6.2%<\/td>\n3.2%<\/td>\n9.8%<\/td>\n<\/tr>\n
Sales<\/td>\n1189<\/td>\n-0.3%<\/td>\n7.7%<\/td>\n0.0%<\/td>\n-7.1%<\/td>\n4.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$432,863<\/td>\n0.6%<\/td>\n1.2%<\/td>\n4.3%<\/td>\n6.9%<\/td>\n7.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Actual overall residential sales were 11.1 per cent higher than the previous year at the same time. Residential freehold sales were 11.9 per cent higher than last March while sales in the condominium market saw an increase of eight per cent.
\n\u201cIt\u2019s still a tight market in the Greater Hamilton-Burlington market,\u201d added Godsoe. \u201cWhile we saw more listings come on the market in March, we still have a relatively low inventory of listings. The seller\u2019s market continues in our area.\u201d
\nThe average price of freehold properties showed an increase of 7.6 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 7.4 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 market decreased from 37 to 34 days in the freehold market and from 39 to 34 days in the condominium market when compared to the same month the previous year.
\nYear to date, sales are 6.8 per cent higher compared to the same quarter last year; listings are 5.8 per cent higher than last year and the average sale price is 9.2 per cent higher for the period.
\nThe numbers for the month of March, 2015 compared to March, 2014:
\n\u00a0<\/strong>
\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\u00a0 2014\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 2015\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 % Change<\/strong><\/p>\n\n\n\n\n\n\n
Listings<\/td>\n1900<\/td>\n2170<\/td>\n14.2%<\/td>\n<\/tr>\n
Sales<\/td>\n1260<\/td>\n1397<\/td>\n10.9%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$410,746<\/td>\n$444,610<\/td>\n8.2%<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n3500<\/td>\n3231<\/td>\n-7.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nResidential Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1749<\/td>\n2010<\/td>\n14.9%<\/td>\n<\/tr>\n
Sales<\/td>\n1208<\/td>\n1342<\/td>\n11.1%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$338,000<\/td>\n$370,000<\/td>\n9.5%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$411,401<\/td>\n$443,706<\/td>\n7.9%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n38<\/td>\n34<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2809<\/td>\n2532<\/td>\n-9.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nFreehold Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n1415<\/td>\n1618<\/td>\n14.3%<\/td>\n<\/tr>\n
Sales<\/td>\n958<\/td>\n1072<\/td>\n11.9%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$373,000<\/td>\n$411,000<\/td>\n10.2%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$444,462<\/td>\n$478,451<\/td>\n7.6%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n37<\/td>\n34<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n2284<\/td>\n2037<\/td>\n-10.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCondominium Only<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Listings<\/td>\n334<\/td>\n392<\/td>\n17.4%<\/td>\n<\/tr>\n
Sales<\/td>\n250<\/td>\n270<\/td>\n8.0%<\/td>\n<\/tr>\n
Median Sale Price<\/td>\n$262,000<\/td>\n$286,500<\/td>\n9.4%<\/td>\n<\/tr>\n
Average Sale Price<\/td>\n$284,712<\/td>\n$305,756<\/td>\n7.4%<\/td>\n<\/tr>\n
Average Days on Market<\/td>\n39<\/td>\n34<\/td>\n<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/td>\n525<\/td>\n495<\/td>\n-5.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\nCommercial Only<\/strong><\/p>\n\n\n\n\n
Listings<\/td>\n150<\/td>\n160<\/td>\n6.7%<\/td>\n<\/tr>\n
Sales<\/td>\n52<\/td>\n55<\/td>\n5.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Every community in RAHB\u2019s market area has its own localized residential market. 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.
\n\u00a0<\/em><\/strong>
\nFor further information, contact me anytime!<\/strong>
\n 
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Spring Market Blossoming (April 2, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1397 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in March. This represents a 10.9 per cent increase in sales compared to March of last year. There were 2170 properties listed in March, an increase of […]<\/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-1605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - Market Blossoming! - 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-04-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - Market Blossoming! - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Spring Market Blossoming (April 2, 2015 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1397 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) system in March. This represents a 10.9 per cent increase in sales compared to March of last year. 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