{"id":2185,"date":"2016-07-05T21:21:51","date_gmt":"2016-07-06T01:21:51","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2185"},"modified":"2023-11-28T16:21:17","modified_gmt":"2023-11-28T21:21:17","slug":"hamilton-real-estate-june-16","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-june-16\/","title":{"rendered":"Hamilton Real Estate – June '16 statistics"},"content":{"rendered":"
\n
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\n\"Judy<\/a>JUNE REAL ESTATE MARKET<\/p>\n

STILL SIZZLING<\/strong><\/h2>\n

July 5, 2016 (Hamilton, Ontario)
\nThe REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,877 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June. Sales were 8.8 per cent lower than the same month last year yet were still the second highest sales on record.<\/strong>
\nThere were 2,213 properties listed<\/strong> in June, a decrease of 12.9<\/strong> per cent compared to June of last year.
\n\u201cJune sales may have been lower than last year in June,\u201d said RAHB President Kim Alvarez. \u201cbut they were still outstanding. Last June sales set an all-time record; this year, all property sales were 25 per cent higher than the 10-year average and the second-highest on record.\u201d
\nSeasonally adjusted* sales of residential properties were 9.2 per cent lower than the same month last year, with the average sale price up 12.7 per cent for the month. Seasonally adjusted numbers of new listings were 12.1 per cent lower than June of 2015.<\/p>\n

\nActual overall residential sales of 1,787 units were 9.8 per cent lower than the same month last year. Residential freehold sales were 7.4 per cent lower than June of 2015 while sales in the condominium market decreased by 20 per cent.\n<\/div>\n<\/div>\n<\/div>\n
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\n505 York Boulevard, Hamilton, Ontario, L8R 3K4 \u2022 T: 905.529.8101 \u2022 F: 905.529.4349 \u2022 info@rahb.ca \u2022 www.rahb.ca\n<\/div>\n<\/div>\n<\/div>\n
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\nEmpowering REALTORS\u00ae to succeed since 1921 2\n<\/div>\n<\/div>\n
\n
\nThe median price of freehold properties increased by 15.3 per cent over the same month last year while the median price for condominium properties increased by 18.8 per cent compared to the same period.
\nThe average price of freehold properties showed an increase of 13.6 per cent compared to June of last year; the average sale price in the condominium market increased by 12.1 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.
\n\u201cListing inventory is still way down, with just a little over a month of inventory in the residential market,\u201d noted Alvarez. \u201cWith the average days on market at 22 in the freehold market \u2013 which is one of the lowest in recent years – buyers would be well-advised to use a REALTOR\u00ae to help them navigate through this fast-paced market.\u201d
\nThe average days on market decreased from 29 to 22 days in the freehold market and from 30 to 27 days in the condominium market, compared to June of last year.
\nThe numbers for the month of June, 2016 compared to June, 2015:\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n
\n
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\nALL PROPERTY TYPES June 2015 June 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nListings 2,541 2,213 -12.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nSales 2,057 1,877 -8.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Sale Price $451,037 $513,239 13.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nEnd of Month Listing Inventory 3,824 2,514 -34.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n
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\nRESIDENTIAL ONLY June 2015 June 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nListings 2,359 2,051 -13.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nSales 1,981 1,787 -9.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nMedian Sale Price $375,000 $430,500 14.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Sale Price $449,610 $513,971 14.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Days on Market 30 23 -23.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
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\nEnd of Month Listing Inventory 3,078 1,870 -39.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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\n505 York Boulevard, Hamilton, Ontario, L8R 3K4 \u2022 T: 905.529.8101 \u2022 F: 905.529.4349 \u2022 info@rahb.ca \u2022 www.rahb.ca\n<\/div>\n<\/div>\n<\/div>\n
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\nEmpowering REALTORS\u00ae to succeed since 1921 3\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n\n\n
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\nFREEHOLD ONLY June 2015 June 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nListings 1,960 1,695 -13.5%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nSales 1,601 1,483 -7.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nMedian Sale Price $409,000 $471,500 15.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Sale Price $481,568 $546,949 13.6%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Days on Market 29 22 -24.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nEnd of Month Listing Inventory 2,584 1,530 -40.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n
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\nCONDOMINIUM ONLY June 2015 June 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nListings 399 356 -10.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 380 304 -20.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $287,150 $341,125 18.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nAverage Sale Price $314,962 $353,094 12.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 30 27 -10.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 494 340 -31.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
\n
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\nCOMMERCIAL ONLY June 2015 June 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nListings 182 162 -11.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
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\nSales 76 90 18.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\nEvery community in RAHB\u2019s market area has its own localized residential market. Please refer to the accompanying chart, and contact a REALTOR\u00ae for more information.
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
\nFOR MORE INFORMATION: Contact me anytime
\n\"judymarsalesLOGO\"<\/a>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JUNE REAL ESTATE MARKET STILL SIZZLING July 5, 2016 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,877 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June. Sales were 8.8 per cent lower than the same month last year yet were still the second highest sales on record. There were […]<\/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-2185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - June '16 statistics - 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-june-16\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - June '16 statistics - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"JUNE REAL ESTATE MARKET STILL SIZZLING July 5, 2016 (Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,877 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in June. Sales were 8.8 per cent lower than the same month last year yet were still the second highest sales on record. 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