{"id":868,"date":"2013-03-06T13:54:39","date_gmt":"2013-03-06T18:54:39","guid":{"rendered":"https:\/\/steveroblin.com\/?p=868"},"modified":"2023-11-28T16:21:41","modified_gmt":"2023-11-28T21:21:41","slug":"hamilton-real-estate-february-statistics","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/","title":{"rendered":"Hamilton Real Estate – February Statistics"},"content":{"rendered":"

Average Sale Price Edges Higher in February<\/strong><\/span><\/p>\n

(March 6, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in February was 4.9 per cent higher than same month last year.\u00a0<\/span>
\nThere were 961 property sales through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) for the month of February, representing a 14.4 per cent decrease in sales from the same month last year.\u00a0\u00a0 RAHB also reported a 16.9 per cent decrease in listings compared to the same month last year.
\n<\/span>
\n\u201cLast February had one extra day thanks to being in a leap year, so we expected this February\u2019s sales to be a bit lower in comparison,\u201d said RAHB CEO Ross Godsoe. \u00a0\u201cbut this year\u2019s sales were not only lower than last year\u2019s but also below average for the month.\u00a0 Does this constitute a downward trend?\u00a0 It\u2019s too early to say.\u00a0 We should have a better idea at the end of the first quarter.\u201d<\/span>
\nSeasonally adjusted* sales of residential properties were 12.4 per cent lower than the same month last year, with the average sale price up 5.1 per cent for the month.\u00a0 Seasonally adjusted numbers of new listings were 8.1 per cent lower than the same month last year.<\/span>
\nSeasonally adjusted data for residential properties for the month of February, 2013:<\/span><\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted
\nResidential Only<\/strong><\/span><\/td>\n		\n
Percentage change compared to\u00a0\u00a0<\/strong><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Feb\/13\u00a0\u00a0\u00a0<\/strong><\/span><\/div>\n<\/td>\n
\n
Jan\/13<\/strong><\/span><\/div>\n<\/td>\n
\n
Dec\/12<\/strong><\/span><\/div>\n<\/td>\n
\n
Nov\/12\u00a0<\/strong><\/span><\/div>\n<\/td>\n
\n
Oct\/12\u00a0<\/strong><\/span><\/div>\n<\/td>\n
\n
Feb\/12<\/strong><\/span><\/div>\n<\/td>\n<\/tr>\n

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

1427<\/span><\/p>\n<\/td>\n

\n

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

\n

-3.2%<\/span><\/p>\n<\/td>\n

\n

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

\n

-4.9%<\/span><\/p>\n<\/td>\n

\n

-8.1%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1003<\/span><\/p>\n<\/td>\n

\n

-3.3%<\/span><\/p>\n<\/td>\n

\n

-1.9%<\/span><\/p>\n<\/td>\n

\n

-3.0%<\/span><\/p>\n<\/td>\n

\n

-2.6%<\/span><\/p>\n<\/td>\n

\n

-12.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$371,252<\/span><\/p>\n<\/td>\n

\n

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

\n

4.1%<\/span><\/p>\n<\/td>\n

\n

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

\n

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

\n

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

Actual overall residential sales were 15.7 per cent lower than the previous year at the same time.\u00a0 Residential freehold sales were 17.8 per cent lower than last year; the condominium market saw a decline in sales of only 5.5 per cent.\u00a0 The average sale price of freehold properties showed an increase of 6.8 per cent over the same month last year, while the condominium market saw an increase of just under one per cent when compared to the same period last year.<\/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>
\nThe average days on market decreased from 48 days to 46 days in the freehold market and increased from 45 days to 59 for condominiums.
\n<\/span>
\n\u201cThe average days on market for condominiums is a bit misleading,\u201d noted Godsoe.\u00a0 \u201cThere is one property which was on the market for an extended period of time, skewing the average for the entire property type.\u00a0 Without that one property, we\u2019d be reporting the average to be much closer to the average days on market we\u2019re seeing in the freehold market.\u201d\u00a0<\/span>
\n
\n<\/span>
The numbers for the month of February 2013 compared to February 2012:<\/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\n

\n\u00a0All Property Types\u00a0<\/strong>\u2013 Actual\u00a0<\/strong><\/strong><\/span><\/td>\n		\n

\u00a02012<\/strong><\/span><\/p>\n<\/td>\n

\n

2013<\/strong><\/span><\/p>\n<\/td>\n

\n

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

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

1789<\/span><\/p>\n<\/td>\n

\n

1486<\/span><\/p>\n<\/td>\n

\n

-16.9%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1123<\/span><\/p>\n<\/td>\n

\n

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

\n

-14.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$361,062<\/span><\/p>\n<\/td>\n

\n

$378,593<\/span><\/p>\n<\/td>\n

\n

4.9%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

3857<\/span><\/p>\n<\/td>\n

\n

3477<\/span><\/p>\n<\/td>\n

\n

-9.9%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1628<\/span><\/p>\n<\/td>\n

\n

1391<\/span><\/p>\n<\/td>\n

\n

-14.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1082<\/span><\/p>\n<\/td>\n

\n

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

\n

-15.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$296,000<\/span><\/p>\n<\/td>\n

\n

$315,450<\/span><\/p>\n<\/td>\n

\n

6.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$356,614<\/span><\/p>\n<\/td>\n

\n

$375,381<\/span><\/p>\n<\/td>\n

\n

5.3%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\u00a0<\/span><\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

3031<\/span><\/p>\n<\/td>\n

\n

2807<\/span><\/p>\n<\/td>\n

\n

-7.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1314<\/span><\/p>\n<\/td>\n

\n

1123<\/span><\/p>\n<\/td>\n

\n

-14.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-17.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$318,000<\/span><\/p>\n<\/td>\n

\n

$346,000<\/span><\/p>\n<\/td>\n

\n

8.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$378,696<\/span><\/p>\n<\/td>\n

\n

$404,616<\/span><\/p>\n<\/td>\n

\n

6.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\u00a0<\/span><\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

2500<\/span><\/p>\n<\/td>\n

\n

2316<\/span><\/p>\n<\/td>\n

\n

-7.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-14.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-5.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$239,912<\/span><\/p>\n<\/td>\n

\n

$245,000<\/span><\/p>\n<\/td>\n

\n

2.1%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$247,418<\/span><\/p>\n<\/td>\n

\n

$249,606<\/span><\/p>\n<\/td>\n

\n

0.9%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\u00a0<\/span><\/td>\n<\/tr>\n
End of Month Listing Inventory<\/span><\/td>\n\n

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

\n

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

\n

-7.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-41.0%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

19.5%<\/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\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Average Sale Price Edges Higher in February (March 6, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in February was 4.9 per cent higher than same month last year.\u00a0 There were 961 property sales through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) for the month […]<\/p>\n","protected":false},"author":3,"featured_media":119,"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-868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nHamilton Real Estate - February 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-february-statistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hamilton Real Estate - February Statistics - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"Average Sale Price Edges Higher in February (March 6, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in February was 4.9 per cent higher than same month last year.\u00a0 There were 961 property sales through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) for the month […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/\" \/>\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=\"2013-03-06T18:54:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T21:21:41+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-february-statistics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/\"},\"author\":{\"name\":\"Steve Roblin\",\"@id\":\"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce\"},\"headline\":\"Hamilton Real Estate – February Statistics\",\"datePublished\":\"2013-03-06T18:54:39+00:00\",\"dateModified\":\"2023-11-28T21:21:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/\"},\"wordCount\":590,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/steveroblin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/\",\"url\":\"https:\/\/steveroblin.com\/hamilton-real-estate-february-statistics\/\",\"name\":\"Hamilton Real Estate - 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