{"id":2464,"date":"2017-02-04T15:20:39","date_gmt":"2017-02-04T20:20:39","guid":{"rendered":"https:\/\/steveroblin.com\/?p=2464"},"modified":"2023-11-28T16:21:14","modified_gmt":"2023-11-28T21:21:14","slug":"hamilton-real-estate-hot-market-to-start-the-year","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/","title":{"rendered":"Hamilton Real Estate – Hot market to start the year!"},"content":{"rendered":"
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\nThe REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 911 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in January. All property sales were 17.4 per cent higher than the same month last year and set a new high for the month of January.
\nThere were 1,139 properties listed in January, a decrease of 9.7 per cent compared to January of last year and 30 per cent less than the 10-year average for new listings in the month.
\n\u201cJanuary\u2019s record sales topped the previous high from 2006 by more than 11 per cent,\u201d said RAHB CEO George O\u2019Neill. \u201cThat\u2019s quite remarkable for a January, when sales are typically slower. At the same time as we had such high sales, new listings are down for the month, compared to both last year and the 10-year average.\u201d
\nSeasonally adjusted* sales of residential properties were 4.3% per cent higher than the same month last year, with the average sale price up 15.2 per cent for the month. Seasonally adjusted numbers of new listings were 14.1 per cent lower than January of 2016.
\nSeasonally adjusted data for residential properties for the month of January, 2017:\n<\/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 JAN\/17 DEC\/16 NOV\/16 OCT\/16 SEP\/16 JAN\/16\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nNew Listings 1,163 -17.4% -28.4% -21.8% -17.8%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-14.1%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 1,231 -1.0% 0.7% -7.5% 4.8%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n4.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $522,998 1.6% 0.7% 2.2% 3.3%\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.2%\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
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\nEmpowering REALTORS\u00ae to succeed 2
\nOverall residential sales of 864 units were 18 per cent higher than the same month last year. Residential freehold sales were 12 per cent higher than January of 2016 while sales in the condominium market were 50.5 per cent higher than the same month last year.
\nThe median price of freehold properties increased by 11.7 per cent over the same month last year while the median price for condominium properties increased by 33.3 per cent compared to the same period.
\nThe average price of freehold properties showed an increase of 14.2 per cent compared to January of last year; the average sale price in the condominium market increased by 27.7 per cent 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 49 to 31 days in the freehold market and from 50 to 28 days in the condominium market, compared to January of last year.
\n\u201cWith the sales-to-listing ratio at 83 per cent in the residential market, the average days on market down to 31 days at this time of year and only a little over a month of residential listing inventory, this hot seller\u2019s market just keeps rolling on,\u201d added O\u2019Neill. \u201cWe keep stressing the importance of using a REALTOR\u00ae at any time, but now, in this market, it\u2019s especially important to use a professional who can help buyers and sellers achieve the best results in the purchase or sale of their home. A reduced average number of days on the market does not necessarily mean it is easier to sell properties.\u201d
\nThe numbers for the month of January, 2017 compared to January, 2016:\n<\/div>\n<\/div>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n
\n
\n
\nALL PROPERTY TYPES January 2017 January 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 1.139\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,261\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-9.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 911\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n776\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n17.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $519,834\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$449,309\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 1,510\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n2,352\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\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
\n
\n
\nRESIDENTIAL ONLY January 2017 January 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 1,028\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,125\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-8.6%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 864\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n732\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n18.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $440,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$380,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n15.8%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $513,885\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$451,222\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n13.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 31\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n49\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-36.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 994\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,738\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-42.8%\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 3\n<\/div>\n<\/div>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n
\n
\n
\nFREEHOLD ONLY January 2017 January 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 817\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n907\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-9.9%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 691\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n617\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n12.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $460,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$412,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n11.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $549,234\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$480,924\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n14.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 31\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n49\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-36.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 789\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n1,414\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-44.2%\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 January 2017 January 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 211\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n218\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-3.2%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 173\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n115\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n50.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nMedian Sale Price $360,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$270,000\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n33.3%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Sale Price $372,697\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n$291,864\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n27.7%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nAverage Days on Market 28\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n50\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-44.0%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nEnd of Month Listing Inventory 205\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n324\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-36.7%\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
\nCOMMERCIAL ONLY January 2017 January 2016 % Change\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nListings 111\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n136\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n-18.4%\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n
\n
\n
\nSales 47\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n44\n<\/div>\n<\/div>\n<\/td>\n
\n
\n
\n6.8%\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 me<\/strong> for more information.
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
\n\"\"<\/a>\n<\/div>\n<\/div>\n
 <\/div>\n
 <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 911 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in January. All property sales were 17.4 per cent higher than the same month last year and set a new high for the month of January. There were 1,139 properties listed in January, a […]<\/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-2464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - Hot market to start the year! - 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-hot-market-to-start-the-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - Hot market to start the year! - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"    The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 911 sales were processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) System in January. 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There were 1,139 properties listed in January, a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Steve Roblin\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Steve-Roblin-Judy-Marsales-Real-Estate\/254458871237764\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-04T20:20:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T21:21:14+00:00\" \/>\n<meta name=\"author\" content=\"Steve Roblin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@steveroblin\" \/>\n<meta name=\"twitter:site\" content=\"@steveroblin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Roblin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/\"},\"author\":{\"name\":\"Steve Roblin\",\"@id\":\"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce\"},\"headline\":\"Hamilton Real Estate – Hot market to start the year!\",\"datePublished\":\"2017-02-04T20:20:39+00:00\",\"dateModified\":\"2023-11-28T21:21:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/\"},\"wordCount\":716,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/steveroblin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/\",\"url\":\"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/\",\"name\":\"Hamilton Real Estate - Hot market to start the year! 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All property sales were 17.4 per cent higher than the same month last year and set a new high for the month of January. There were 1,139 properties listed in January, a […]","og_url":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/","og_site_name":"Steve Roblin","article_publisher":"http:\/\/www.facebook.com\/pages\/Steve-Roblin-Judy-Marsales-Real-Estate\/254458871237764","article_published_time":"2017-02-04T20:20:39+00:00","article_modified_time":"2023-11-28T21:21:14+00:00","author":"Steve Roblin","twitter_card":"summary_large_image","twitter_creator":"@steveroblin","twitter_site":"@steveroblin","twitter_misc":{"Written by":"Steve Roblin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#article","isPartOf":{"@id":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/"},"author":{"name":"Steve Roblin","@id":"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce"},"headline":"Hamilton Real Estate – Hot market to start the year!","datePublished":"2017-02-04T20:20:39+00:00","dateModified":"2023-11-28T21:21:14+00:00","mainEntityOfPage":{"@id":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/"},"wordCount":716,"commentCount":0,"publisher":{"@id":"https:\/\/steveroblin.com\/#organization"},"image":{"@id":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#primaryimage"},"thumbnailUrl":"","articleSection":["Posts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/","url":"https:\/\/steveroblin.com\/hamilton-real-estate-hot-market-to-start-the-year\/","name":"Hamilton Real Estate - Hot market to start the year! 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