{"id":2109,"date":"2016-05-05T11:38:22","date_gmt":"2016-05-05T15:38:22","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2109"},"modified":"2023-11-28T16:21:18","modified_gmt":"2023-11-28T21:21:18","slug":"hamilton-real-estate-statistics-market-is-still-hot-april-2016","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-statistics-market-is-still-hot-april-2016\/","title":{"rendered":"Hamilton Real Estate Statistics – Market is still HOT! – April 2016"},"content":{"rendered":"
\n
\n
\n\"Judy
\nRe-Sale Market Still Hot in April
\n(May 4, 2016 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,649 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in April. Sales were 2.7 per cent lower than the same month last year yet 13 per cent higher than the 10-year average.
\nThere were 2,053 properties listed in April, a decrease of 14.5 per cent compared to April of last year, and 9.4 per cent lower than the 10-year average.
\n\u201cIt\u2019s not a big surprise that sales decreased compared to last year,\u201d said RAHB CEO George O\u2019Neill. \u201cApril 2015 was the first of the all-time record-breaking months we had last year. April 2016 sales were still relatively high, at 13 per cent above the 10-year average.\u201d
\nSeasonally adjusted* sales of residential properties were three per cent lower than the same month last year, with the average sale price up 16.2 per cent for the month. Seasonally adjusted numbers of new listings were 11.1 per cent lower than April of 2015.
\nSeasonally adjusted data for residential properties for the month of April, 2016:
\nSeasonally Adjusted Percentage change compared to
\nResidential Only Apr\/16 Mar\/16 Feb\/16 Jan\/16 Dec\/15 Apr\/15
\nActual overall residential sales of 1,563 units were 4.5 per cent lower than the same month last year. Residential freehold sales were 3.1 per cent lower than April of 2015 while sales in the condominium market decreased by 10.4 per cent.
\nThe median price of freehold properties increased by 14.4 per cent over the same month last year while the median price for condominium properties increased by 10.6 per cent compared to the same period.
\nThe average price of freehold properties showed an increase of 14.5 per cent compared to April of last year; the average sale price in the condominium market increased by 12.7 per cent when compared to the same period.
\nAverage sale price is based on the total dollar volume of all properties sold through the RAHB MLS\u00ae System. Average sale price 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. Contact a REALTOR\u00ae for information about your area or property.
\nThe average days on market decreased from 27 to 25 days in the freehold market and from 33 to 25 days in the condominium market, compared to April of last year.
\n\u201cWith only a little over a month of inventory and a high list-to-sell ratio in the residential market, our area continues to be hot,\u201d noted RAHB President Kim Alvarez, \u201cResidential median and average sale prices have risen over 14 per cent since the beginning of the year \u2013 a substantial increase over only four months.\u201d\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n
\n
\n
\nNew Listings\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,550\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n4.0%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-2.9%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n5.5%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-2.3%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-11.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,281\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-0.4%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1.5%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1.1%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1.7%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$505,347\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n8.9%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n12.0%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n10.2%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n11.6%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n16.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n
\n
\n 
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Re-Sale Market Still Hot in April (May 4, 2016 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,649 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in April. Sales were 2.7 per cent lower than the same month last year yet 13 per cent higher than the 10-year average. There […]<\/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":[],"acf":[],"yoast_head":"\nHamilton Real Estate Statistics - Market is still HOT! - April 2016 - 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-statistics-market-is-still-hot-april-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate Statistics - Market is still HOT! - April 2016 - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Re-Sale Market Still Hot in April (May 4, 2016 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,649 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in April. 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