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(February 4, 2011 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported a total of 613 units sold in the association\u2019s jurisdiction* in the month of January, according to Multiple Listing Service\u00ae (MLS\u00ae) statistics released today. This represents a seven per cent decrease in sales from the same month last year. \u201cJanuary is typically a slow month for sales, but this past January was slower than normal\u201d said Ann Forbes Arndt, RAHB President.\nThe number of residential properties sold during January totaled 585, and included 458 freehold properties and 127 condominiums. Commercial sales for January, including industrial, farm, vacant land and business, totaled 28 units. The average sale price of freehold residential properties in the association\u2019s jurisdiction in the month of January was $317,011, an increase of 9.4 per cent over January, 2010. The average sale price reflects the dollar volume of freehold residential sales divided by the number of total freehold residential units sold. In the condominium market, the average unit price was $229,383, a decrease of 2.2 per cent from the same month last year.
\n\u201cI said earlier this year that the real estate market should stabilize through 2011 and perform much as it did in 2010. That said, the real estate market is still dependent on other economic factors, so we are cautious in our optimism that we are headed toward a stable, balanced market,\u201d added Arndt. Figures quoted are for sales and average sale prices of units located in the jurisdiction* of the REALTORS\u00ae Association of Hamilton-Burlington and processed through RAHB\u2019s Multiple Listing Service\u00ae (MLS\u00ae). Unit sales reflect \u201call property types\u201d including residential, condominium, commercial property, farm, vacant land and business, unless otherwise specified.
\n*RAHB\u2019s jurisdiction includes Burlington, Waterdown, Flamborough and Dundas in the north; Hamilton, Ancaster, Stoney Creek, and Grimsby along Lake Ontario; and extends down to the shores of Lake Erie, including Glanbrook, West Lincoln, Smithville, Dunnville, Cayuga, Caledonia, and Hagersville.<\/p>\n","protected":false},"excerpt":{"rendered":"