{"id":2399,"date":"2016-11-13T13:53:52","date_gmt":"2016-11-13T18:53:52","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2399"},"modified":"2023-11-28T16:21:15","modified_gmt":"2023-11-28T21:21:15","slug":"hamilton-real-estate-october-sales-still-strong","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-october-sales-still-strong\/","title":{"rendered":"Hamilton Real Estate – October sales still strong!"},"content":{"rendered":"
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\n

\"Judy<\/a><\/h1>\n

OCTOBER SALES STRONG; INVENTORY REMAINS LOW<\/h1>\n

The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,418 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October. Sales were 0.3 per cent higher than the same month last year, and broke the monthly sales record for October, set just last year.
\nThere were 1,771 properties listed in October, a decrease of 3.2 per cent compared to October of last year.
\n\u201cSales are still strong as we move into Fall,\u201d said RAHB CEO George O\u2019Neill. \u201cOctober\u2019s sales were 22 per cent higher than the 10-year average, while new listings were only 1.6 per cent above the average. We are continuing to experience the low inventory that has characterized the market all year, with the end-of-month listing inventory only about a third of what it was last year at this time.\u201d
\nSeasonally adjusted* sales of residential properties were one per cent lower than the same month last year, with the average sale price up 15.6 per cent for the month. Seasonally adjusted numbers of new listings were 4.6 per cent lower than October of 2015.
\nSeasonally adjusted data for residential properties for the month of October, 2016:\n<\/p><\/div>\n<\/div>\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
\n
\n
\nSeasonally Adjusted Percentage Change Compared To\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nRESIDENTIALONLY OCT\/16 SEP\/16 AUG\/16 JUL\/16 JUN\/16 OCT\/15\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nNew Listings 1,658 5.6% 8.7% 5.8% 6.9%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-4.6%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 1,422 10.3% 12.1% 7.8% 6.5%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-1.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $509,459 -0.4% 1.5% 3.9% 2.7%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.6%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\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
\n
\n
\nEmpowering REALTORS\u00ae to succeed since 1921 2\n<\/div>\n<\/div>\n
\n
\nOverall residential sales of 1,342 units were one per cent lower than the same month last year. Residential freehold sales were 0.3 per cent lower than October of 2015 while sales in the condominium market were 3.9 per cent lower than the same month last year.
\nThe median price of freehold properties increased by 13.8 per cent over the same month last year while the median price for condominium properties increased by 22.9 per cent compared to the same period.
\nThe average price of freehold properties showed an increase of 15.4 per cent compared to October of last year; the average sale price in the condominium market increased by 19.1 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.
\nThe average number of days on market decreased from 35 to 22 days in the freehold market and from 35 to 24 days in the condominium market, compared to October of last year.
\n\u201cThe shorter time listings are on the market shows there are still plenty of buyers who are interested in owning property in the Greater Hamilton-Burlington area,\u201d noted RAHB President Kim Alvarez. \u201cIt\u2019s not a surprise, as this area has lots to offer \u2013 buyers from the area want to stay and buyers from outside the area are recognizing its charms.\u201d
\nThe numbers for the month of October, 2016 compared to October, 2015:\n<\/div>\n<\/div>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
\n
\n
\nALL PROPERTY TYPES October 2016 October 2015 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 1,771\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,830\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 1,418\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,414\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n0.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $535,520\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$446,961\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n19.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 2,368\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n3,526\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-32.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
\n
\n
\nRESIDENTIAL ONLY October 2016 October 2015 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 1,641\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,697\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 1,342\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,356\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-1.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $427,750\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$370,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.6%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $507,131\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$436,639\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n16.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 22\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n35\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-37.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 1,763\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n2,747\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-35.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\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
\n
\n
\nEmpowering REALTORS\u00ae to succeed since 1921 3\n<\/div>\n<\/div>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
\n
\n
\nFREEHOLD ONLY October 2016 October 2015 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 1,349\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,401\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 1,074\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,077\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-0.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $455,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$399,950\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n13.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $540,247\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$468,324\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 22\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n35\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-37.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 1,445\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n2,318\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-37.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
\n
\n
\nCONDOMINIUM ONLY October 2016 October 2015 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 292\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n296\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-1.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 268\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n279\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $356,500\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$290,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n22.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $374,417\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$314,328\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n19.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 24\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n35\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-31.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 318\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n429\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-25.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n<\/colgroup>\n\n\n\n\n
\n
\n
\nCOMMERCIAL ONLY October 2016 October 2015 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 129\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n133\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 76\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n58\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n31.0%\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 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.<\/p>\n

Contact me for more detailed statistics anytime!<\/h1>\n

\"judymarsalesLOGO\"<\/a>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

OCTOBER SALES STRONG; INVENTORY REMAINS LOW The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,418 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October. Sales were 0.3 per cent higher than the same month last year, and broke the monthly sales record for October, set just last year. There were 1,771 properties listed […]<\/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-2399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - October sales still strong! - 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-october-sales-still-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - October sales still strong! - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"OCTOBER SALES STRONG; INVENTORY REMAINS LOW The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,418 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in October. 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Sales were 0.3 per cent higher than the same month last year, and broke the monthly sales record for October, set just last year. 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