{"id":2034,"date":"2015-12-04T12:35:32","date_gmt":"2015-12-04T17:35:32","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2034"},"modified":"2023-11-28T16:21:22","modified_gmt":"2023-11-28T21:21:22","slug":"hamilton-real-estate-november-2015-another-sales-record","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-november-2015-another-sales-record\/","title":{"rendered":"Hamilton Real Estate &#8211; November 2015 &#8211; Another Sales Record!"},"content":{"rendered":"<p><a href=\"https:\/\/steveroblin.com\/hamiltonrealestate02-15\/judy-marsales-steve-roblin-rahb\/\" rel=\"attachment wp-att-1592\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1592\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2015\/02\/Judy-Marsales-Steve-Roblin-Rahb.gif\" alt=\"Judy Marsales - Steve Roblin - Rahb\" width=\"144\" height=\"120\" \/><\/a>(December 3, 2015 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1,262 sales were processed through the RAHB Multiple Listing Service\u00ae\u00a0(MLS\u00ae) System in November.\u00a0 Sales were 15.1 per cent higher than the same month last year, 23.8 per cent higher than the 10-year average, and were a record for the month of November.\u00a0 This is the fourth month in a row where records for monthly sales have been broken.<br \/>\nThere were 1,340 properties listed in November, an increase of 2.8 per cent compared to November of last year.<\/p>\n<blockquote><p>\u201cLow inventory and a record number of sales for the month is a recipe for a continued seller\u2019s market,\u201d said RAHB CEO George O\u2019Neill. \u201cWith only a little over two months of inventory, and a high sales to new listings ratio, we are continuing in the seller\u2019s market that has persisted in our area .\u201d<\/p><\/blockquote>\n<p>Seasonally adjusted* sales of residential properties were 18.9 per cent higher than the same month of the previous year, with the average sale price up 6.8 per cent for the month.\u00a0 Seasonally adjusted numbers of new listings were 1.7 per cent higher than the same month the year prior.<br \/>\nSeasonally adjusted data for residential properties for the month of November, 2015:<br \/>\n<a href=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Seasonally.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2272\" src=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Seasonally-1024x234.jpg\" sizes=\"(max-width: 540px) 100vw, 540px\" srcset=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Seasonally-1024x234.jpg 1024x, http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Seasonally.jpg 1357x\" alt=\"Seasonally\" width=\"540\" height=\"123\" \/><\/a><br \/>\nActual overall residential sales of 1,211 units were 15.2 per cent higher than the same month last year.\u00a0 Residential freehold sales were 17.8 per cent higher than last November while sales in the condominium market increased by 4.5 per cent.<br \/>\nThe average price of freehold properties showed an increase of nine per cent compared to the same month the previous year; the average sale price in the condominium market decreased by 0.8 per cent when compared to the same period.<br \/>\nThe average sale price is based on the total dollar volume of all properties sold by RAHB members.\u00a0 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.<\/p>\n<blockquote><p>\u201cIt\u2019s interesting to note,\u201d added O\u2019Neill.\u00a0 \u201cthat while the overall average sale price is almost ten per cent higher than last year at this time, it has actually been fairly level since February.\u00a0 There\u2019s been a little up and down movement in average price, but mostly within a $10,000 range, with the exception of August when we saw the highest average sale price for this year.\u201d<\/p><\/blockquote>\n<p>The average days on market decreased from 40 to 36 days in the freehold market and from 39 to 34 days in the condominium market when compared to the same month the previous year.<br \/>\nYear to date, sales are 11.5 per cent higher compared to the same period last year; listings are 6.1 per cent higher than last year and the average sale price is 8.5 per cent higher for the period.<br \/>\n<a href=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Comparison.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2268\" src=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Comparison-859x1024.jpg\" sizes=\"(max-width: 540px) 100vw, 540px\" srcset=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Comparison-859x1024.jpg 859x, http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Comparison.jpg 1335x\" alt=\"Comparison\" width=\"540\" height=\"644\" \/><\/a><br \/>\n&nbsp;<br \/>\nEvery community in RAHB\u2019s market area has its own localized residential market.\u00a0 Please refer to the accompanying chart for residential market activity in select areas in RAHB\u2019s jurisdiction.<br \/>\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.<br \/>\n<a href=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/RAHB-Market-Activity-for-November.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2269\" src=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/RAHB-Market-Activity-for-November-1024x912.jpg\" sizes=\"(max-width: 540px) 100vw, 540px\" srcset=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/RAHB-Market-Activity-for-November-300x267.jpg 300x, http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/RAHB-Market-Activity-for-November-1024x912.jpg 1024x\" alt=\"RAHB Market Activity for November\" width=\"540\" height=\"481\" \/><\/a><a href=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Residential-Market-Ham.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2270\" src=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Residential-Market-Ham-1024x962.jpg\" sizes=\"(max-width: 540px) 100vw, 540px\" srcset=\"http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Residential-Market-Ham-300x282.jpg 300x, http:\/\/www.rahb.ca\/wp-content\/uploads\/2015\/12\/Residential-Market-Ham-1024x962.jpg 1024x\" alt=\"Residential Market Ham\" width=\"540\" height=\"507\" \/><\/a><a href=\"https:\/\/steveroblin.com\/judymarsaleslogo\/\" rel=\"attachment wp-att-144\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-144\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2011\/01\/judymarsalesLOGO.jpg\" alt=\"judymarsalesLOGO\" width=\"228\" height=\"85\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(December 3, 2015 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae\u00a0Association of Hamilton-Burlington (RAHB) reported 1,262 sales were processed through the RAHB Multiple Listing Service\u00ae\u00a0(MLS\u00ae) System in November.\u00a0 Sales were 15.1 per cent higher than the same month last year, 23.8 per cent higher than the 10-year average, and were a record for the month of November.\u00a0 This [&hellip;]<\/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-2034","post","type-post","status-publish","format-standard","hentry","category-posts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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