Hamilton, ON (July 3, 2020) \u2013 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) <\/strong>reported 1,304 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service\u00ae (MLS\u00ae) System in June 2020. Sales are up 53 per cent over last month, and are down only 0.2 per cent over June of last year. The average price for residential properties was $675,223, which is up 13.7 per cent from June 2019, and up 3 per cent from last month.<\/p>\n \u201cWith the reopening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout the RAHB market area. Typically, spring is busier than summer; however, COVID-19 seems to have pushed the market back by a few months,\u201d says RAHB President Kathy Della-Nebbia. \u201cThroughout the pandemic, the average price of residential properties in our market has held steady. If Ontario\u2019s recovery from COVID-19 continues, we shouldn\u2019t see a decrease; however, we are cautious that any relapse or a second wave could slow activity and affect average price.\u201d<\/p><\/blockquote>\n <\/p>\n The number of sales for single family properties within the entire RAHB market decreased by 0.2 per cent compared to the same month last year, and the average sale price increased by 13.7 per cent. Townhouse sales activity across the entire RAHB market area increased from June 2019 by 10 per cent, and the average townhouse sale price increased by 13.5 per cent to $563,849. Apartment-style property sales decreased by 13.5 per cent from June 2019, and the average price increased by 6.8 per cent.<\/p>\n \u201cCOVID-19 has changed real estate and many other businesses, and we are operating within a new norm. \u00a0As a profession, REALTORS\u00ae are working with caution to ensure our safety, as well as the safety of our communities,\u201d says Della-Nebbia. \u201cIf you are thinking of purchasing or selling a home, local RAHB REALTORS\u00ae have the data trends and information to generate a real estate transaction that is both successful and safe.\u201d<\/p><\/blockquote>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n *The above graphs\/trends are calculated from data collected through RAHB\u2019s MLS\u00ae.<\/p>\n <\/p>\n Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS\u00ae have the experience, knowledge and tools to help buyers and sellers make those big decisions.<\/p>\n <\/p>\n <\/p>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" JUNE 2020 ACTIVITY HIGHER AS THE RAHB MARKET AREA MOVES INTO STAGE 2 OF REOPENING Hamilton, ON (July 3, 2020) \u2013 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported 1,304 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service\u00ae (MLS\u00ae) System in June 2020. Sales are up […]<\/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":[4,7,1],"tags":[],"class_list":["post-6102","post","type-post","status-publish","format-standard","hentry","category-posts","category-october2010","category-uncategorized"],"acf":[],"yoast_head":"\n