{"id":821,"date":"2012-12-07T10:33:03","date_gmt":"2012-12-07T15:33:03","guid":{"rendered":"https:\/\/steveroblin.com\/?p=821"},"modified":"2023-11-28T16:23:09","modified_gmt":"2023-11-28T21:23:09","slug":"hamilton-real-estate-12-12-2","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/","title":{"rendered":"Sellers Market strong in November"},"content":{"rendered":"

\u00a0<\/span>November a strong seller\u2019s market<\/strong><\/span><\/span><\/p>\n

(December 5, 2012 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the residential market saw an 8.5 per cent increase in average sale price in November compared to the same month last year.\u00a0\u00a0\u00a0 The median sale price also saw gains over November of last year.<\/span>
\n\u201cOur general market area continues to see rising average sale prices from last year,\u201d said RAHB President Cameron Nolan. \u201cThat should not be understood to mean our area is less affordable than it was a year ago.\u00a0 We have a number of communities which showed very modest increases over last year or slight decreases. \u201d<\/span>
\nSeasonally adjusted* sales of residential properties were 10.6 \u00a0per cent lower than the same month last year, with the average sale price up 8.7 per cent for the month.\u00a0 Seasonally adjusted numbers of new listings were 2.3 per cent lower than the same month last year.<\/span>
\nSeasonally adjusted data for residential properties for the month of November:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>
\n\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/span><\/span><\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted<\/strong>
\nResidential Only<\/strong><\/span><\/span><\/td>\n		\n
Percentage change compared to\u00a0\u00a0\u00a0\u00a0<\/span><\/strong><\/div>\n<\/td>\n<\/tr>\n
\n
Nov\/12\u00a0<\/span><\/strong><\/div>\n<\/td>\n
\n
Oct\/12<\/span><\/strong><\/div>\n<\/td>\n
\n
Sep\/12\u00a0<\/span><\/strong><\/div>\n<\/td>\n
\n
Aug\/12\u00a0<\/span><\/strong><\/div>\n<\/td>\n
\n
Jul\/12<\/span><\/strong><\/div>\n<\/td>\n
\n
Nov\/11<\/span><\/strong><\/div>\n<\/td>\n<\/tr>\n
\nNew Listings<\/span><\/td>\n\n

1474<\/span><\/p>\n<\/td>\n

\n

-2.9%<\/span><\/p>\n<\/td>\n

\n

-13.5%<\/span><\/p>\n<\/td>\n

\n

-2.7%<\/span><\/p>\n<\/td>\n

\n

-6.0%<\/span><\/p>\n<\/td>\n

\n

-2.3%<\/span><\/p>\n<\/td>\n<\/tr>\n

Sales<\/span><\/td>\n\n

1043<\/span><\/p>\n<\/td>\n

\n

-0.2%<\/span><\/p>\n<\/td>\n

\n

1.4%<\/span><\/p>\n<\/td>\n

\n

-2.3%<\/span><\/p>\n<\/td>\n

\n

-2.2%<\/span><\/p>\n<\/td>\n

\n

-10.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Sale Price<\/span><\/td>\n\n

$371,974<\/span><\/p>\n<\/td>\n

\n

-0.1%<\/span><\/p>\n<\/td>\n

\n

0.8%<\/span><\/p>\n<\/td>\n

\n

-0.1%<\/span><\/p>\n<\/td>\n

\n

4.2%<\/span><\/p>\n<\/td>\n

\n

8.7%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0Actual overall residential sales were 11.8 per cent lower than last year at the same time.\u00a0 Freehold residential sales were 10.5 per cent lower than last year and the condominium market also saw a decline in sales with a 16.8 per cent decrease.\u00a0 The average sale price of freehold properties showed an increase of seven per cent over the same month last year, while the condominium market saw an increase of 14.8 per cent when compared to the same period.<\/span>
\nThe average sale price is based on the total dollar volume of all residential properties sold. \u00a0Average sale price information 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.<\/span>
\nYear to date, the average sale price for residential units is eight per cent higher for the first eleven \u00a0months of this year compared to the same 11-month period last year.\u00a0 Numbers of residential property sales are down six per cent and new listings are down 13 per cent.\u00a0\u00a0<\/span>
\n\u201cOur sales-to-listings ratio for the month of November was 85.4 per cent\u201d said Nolan.\u00a0\u00a0 \u201cThis is the same ratio we saw for the same month last year. \u00a0Statistically, this indicates a very strong seller\u2019s market for the month.\u201d
\n
The numbers for the month of November compared to November of last year:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0All Property Types\u00a0<\/strong>\u2013 Actual\u00a0<\/strong><\/strong><\/span><\/span><\/td>\n\n

2011<\/span><\/strong><\/p>\n<\/td>\n

\n

2012<\/span><\/strong><\/p>\n<\/td>\n

\n

% Change<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n

Listings<\/span><\/td>\n\n

1335<\/span><\/p>\n<\/td>\n

\n

1175<\/span><\/p>\n<\/td>\n

\n

-12.0%<\/span><\/p>\n<\/td>\n<\/tr>\n

Sales<\/span><\/td>\n\n

1067<\/span><\/p>\n<\/td>\n

\n

970<\/span><\/p>\n<\/td>\n

\n

-9.1%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Sale Price<\/span><\/td>\n\n

$343,037<\/span><\/p>\n<\/td>\n

\n

$381,383<\/span><\/p>\n<\/td>\n

\n

11.2%<\/span><\/p>\n<\/td>\n<\/tr>\n

End of Month Listing Inventory<\/span><\/td>\n\n

4542<\/span><\/p>\n<\/td>\n

\n

3707<\/span><\/p>\n<\/td>\n

\n

-18.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Residential Only\u00a0<\/strong>\u2013 Actual<\/strong><\/strong><\/span><\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Listings<\/span><\/td>\n\n

1198<\/span><\/p>\n<\/td>\n

\n

1059<\/span><\/p>\n<\/td>\n

\n

-11.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

Sales<\/span><\/td>\n\n

1025<\/span><\/p>\n<\/td>\n

\n

904<\/span><\/p>\n<\/td>\n

\n

-11.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

Median Sale Price<\/span><\/td>\n\n

$290,000<\/span><\/p>\n<\/td>\n

\n

$303,750<\/span><\/p>\n<\/td>\n

\n

4.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Sale Price<\/span><\/td>\n\n

$340,297<\/span><\/p>\n<\/td>\n

\n

$369,201<\/span><\/p>\n<\/td>\n

\n

8.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Days On Market<\/span><\/td>\n\n

52<\/span><\/p>\n<\/td>\n

\n

49<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

3643<\/span><\/p>\n<\/td>\n

\n

2941<\/span><\/p>\n<\/td>\n

\n

-19.3%<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Freehold Only\u00a0<\/strong>\u2013 Actual<\/strong><\/strong><\/span><\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Listings<\/span><\/td>\n\n

999<\/span><\/p>\n<\/td>\n

\n

867<\/span><\/p>\n<\/td>\n

\n

-13.2%<\/span><\/p>\n<\/td>\n<\/tr>\n

Sales<\/span><\/td>\n\n

817<\/span><\/p>\n<\/td>\n

\n

731<\/span><\/p>\n<\/td>\n

\n

-10.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

Median Sale Price<\/span><\/td>\n\n

$315,900<\/span><\/p>\n<\/td>\n

\n

$332,000<\/span><\/p>\n<\/td>\n

\n

5.1%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Sale Price<\/span><\/td>\n\n

$366,515<\/span><\/p>\n<\/td>\n

\n

$392,103<\/span><\/p>\n<\/td>\n

\n

7.0%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Days On Market<\/span><\/td>\n\n

51<\/span><\/p>\n<\/td>\n

\n

50<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

3077<\/span><\/p>\n<\/td>\n

\n

2501<\/span><\/p>\n<\/td>\n

\n

-18.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Condo Only\u00a0<\/strong>\u2013 Actual<\/strong><\/strong><\/span><\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Listings<\/span><\/td>\n\n

199<\/span><\/p>\n<\/td>\n

\n

192<\/span><\/p>\n<\/td>\n

\n

-3.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

Sales<\/span><\/td>\n\n

208<\/span><\/p>\n<\/td>\n

\n

173<\/span><\/p>\n<\/td>\n

\n

-16.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

Median Sale Price<\/span><\/td>\n\n

$231,000<\/span><\/p>\n<\/td>\n

\n

$257,250<\/span><\/p>\n<\/td>\n

\n

11.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Sale Price<\/span><\/td>\n\n

$237,316<\/span><\/p>\n<\/td>\n

\n

$272,433<\/span><\/p>\n<\/td>\n

\n

14.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

Average Days On Market<\/span><\/td>\n\n

55<\/span><\/p>\n<\/td>\n

\n

47<\/span><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

566<\/span><\/p>\n<\/td>\n

\n

440<\/span><\/p>\n<\/td>\n

\n

-22.3%<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Commercial Only\u00a0<\/strong>\u2013 Actual<\/strong><\/strong><\/span><\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Sales<\/span><\/td>\n\n

42<\/span><\/p>\n<\/td>\n

\n

66<\/span><\/p>\n<\/td>\n

\n

57.1%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Every community in RAHB\u2019s marketing area has their own localized residential market.\u00a0 Please refer to the accompanying chart for residential market activities in select areas of RAHB\u2019s jurisdiction.<\/span>
\n*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.<\/span>
\nFor more information and detailed statistics about your area of interest. \u00a0Do not hesitate to contact me at roblin@judymarsales.com<\/strong>
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0November a strong seller\u2019s market (December 5, 2012 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the residential market saw an 8.5 per cent increase in average sale price in November compared to the same month last year.\u00a0\u00a0\u00a0 The median sale price also saw gains over November of last year. \u201cOur general market […]<\/p>\n","protected":false},"author":3,"featured_media":128,"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-821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nSellers Market strong in November - 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-12-12-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sellers Market strong in November - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"\u00a0November a strong seller\u2019s market (December 5, 2012 \u2013 Hamilton, Ontario)\u00a0 The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the residential market saw an 8.5 per cent increase in average sale price in November compared to the same month last year.\u00a0\u00a0\u00a0 The median sale price also saw gains over November of last year. \u201cOur general market […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/\" \/>\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=\"2012-12-07T15:33:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T21:23:09+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=\"3 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-12-12-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/\"},\"author\":{\"name\":\"Steve Roblin\",\"@id\":\"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce\"},\"headline\":\"Sellers Market strong in November\",\"datePublished\":\"2012-12-07T15:33:03+00:00\",\"dateModified\":\"2023-11-28T21:23:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/\"},\"wordCount\":573,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/steveroblin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/\",\"url\":\"https:\/\/steveroblin.com\/hamilton-real-estate-12-12-2\/\",\"name\":\"Sellers Market strong in November - 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