{"id":874,"date":"2013-04-04T08:47:12","date_gmt":"2013-04-04T12:47:12","guid":{"rendered":"https:\/\/steveroblin.com\/?p=874"},"modified":"2023-11-28T16:21:40","modified_gmt":"2023-11-28T21:21:40","slug":"hamilton-real-estate-0413","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/","title":{"rendered":"Real Estate Market Moving Toward Balance Market"},"content":{"rendered":"

\u00a0<\/span><\/p>\n

(April 4, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in March was 10.8 per cent higher than same month last year.\u00a0<\/span>
\nThere were 1170 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) in the month of March, representing a 14.3 per cent decrease in sales from the same month last year.\u00a0\u00a0 RAHB also reported a 9.7 per cent decrease in listings compared to the same month last year.
\n<\/span>
\n\u201cIt\u2019s certainly a quieter spring than we\u2019ve had for the last three years,\u201d said RAHB CEO Ross Godsoe. \u00a0\u201cWe are seeing fewer listings and sales than average.\u201d<\/span>
\nSeasonally adjusted* sales of residential properties were 8.4 per cent lower than the same month last year, with the average sale price up 2.9 per cent for the month.\u00a0 Seasonally adjusted numbers of new listings were 4.2 per cent lower than the same month last year.<\/span>
\nSeasonally adjusted data for residential properties for the month of March, 2013:<\/span><\/p>\n\n\n\n\n\n\n\n
Seasonally Adjusted<\/strong><\/span>
\nResidential Only\u00a0<\/strong><\/span><\/td>\n		\n
Percentage change compared to\u00a0<\/strong><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Mar\/13\u00a0<\/strong><\/span><\/div>\n<\/td>\n
\n
Feb\/13<\/strong><\/span><\/div>\n<\/td>\n
\n
Jan\/13<\/strong><\/span><\/div>\n<\/td>\n
\n
Dec\/12\u00a0<\/strong><\/span><\/div>\n<\/td>\n
\n
Nov\/12<\/strong><\/span><\/div>\n<\/td>\n
\n
Mar\/12<\/strong><\/span><\/div>\n<\/td>\n<\/tr>\n

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

1555<\/span><\/p>\n<\/td>\n

\n

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

\n

8.4%<\/span><\/p>\n<\/td>\n

\n

5.4%<\/span><\/p>\n<\/td>\n

\n

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

\n

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

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

1056<\/span><\/p>\n<\/td>\n

\n

4.4%<\/span><\/p>\n<\/td>\n

\n

2.0%<\/span><\/p>\n<\/td>\n

\n

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

\n

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

\n

-8.4%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$377,130<\/span><\/p>\n<\/td>\n

\n

1.6%<\/span><\/p>\n<\/td>\n

\n

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

\n

5.7%<\/span><\/p>\n<\/td>\n

\n

1.5%<\/span><\/p>\n<\/td>\n

\n

2.9%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Actual overall residential sales were 14.7 per cent lower than the previous year at the same time.\u00a0 Residential freehold sales were 13.7 per cent lower than last year; the condominium market saw a decline in sales of 18.5 per cent.\u00a0 The average sale price of freehold properties showed an increase of 10 per cent over the same month last year, while the condominium market saw an increase of 7.5 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 increased from 40 days to 44 days in the freehold market and decreased from 44 days to 43 for condominiums.
\n<\/span>
\n\u201cWe seem to be moving toward a more balanced market,\u201d noted Godsoe.\u00a0 \u201cThat will give buyers a bit more breathing room when they are looking for a home.\u00a0 From what the numbers say, however, buyers won\u2019t be looking at paying less than they would have a year ago – only a few of our areas are showing average sale prices that have gone down. \u201d
\n<\/span>
\nResidential sales were down 13.1 per cent for the first quarter of the year when compared to the same period last year, while listings were down 6.3 per cent; average sale price rose 6.9 per cent for the quarter.<\/span>
\n
The numbers for the month of March 2013 compared to March 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

2111<\/span><\/p>\n<\/td>\n

\n

1907<\/span><\/p>\n<\/td>\n

\n

-9.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1365<\/span><\/p>\n<\/td>\n

\n

1170<\/span><\/p>\n<\/td>\n

\n

-14.3%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$354,545<\/span><\/p>\n<\/td>\n

\n

$392,859<\/span><\/p>\n<\/td>\n

\n

10.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

4111<\/span><\/p>\n<\/td>\n

\n

3798<\/span><\/p>\n<\/td>\n

\n

-7.6%<\/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

1954<\/span><\/p>\n<\/td>\n

\n

1765<\/span><\/p>\n<\/td>\n

\n

-9.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

1121<\/span><\/p>\n<\/td>\n

\n

-14.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$303,000<\/span><\/p>\n<\/td>\n

\n

$319,000<\/span><\/p>\n<\/td>\n

\n

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

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

$352,781<\/span><\/p>\n<\/td>\n

\n

$388,147<\/span><\/p>\n<\/td>\n

\n

10.0%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

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

3282<\/span><\/p>\n<\/td>\n

\n

3103<\/span><\/p>\n<\/td>\n

\n

-5.5%<\/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
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

1635<\/span><\/p>\n<\/td>\n

\n

1441<\/span><\/p>\n<\/td>\n

\n

-11.9%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

1055<\/span><\/p>\n<\/td>\n

\n

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

\n

-13.7%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$327,500<\/span><\/p>\n<\/td>\n

\n

$340,000<\/span><\/p>\n<\/td>\n

\n

3.8%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$376,310<\/span><\/p>\n<\/td>\n

\n

$414,079<\/span><\/p>\n<\/td>\n

\n

10.0%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

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

2763<\/span><\/p>\n<\/td>\n

\n

2560<\/span><\/p>\n<\/td>\n

\n

-7.3%<\/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

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

\n

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

\n

1.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-18.5%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

$250,000<\/span><\/p>\n<\/td>\n

\n

$258,000<\/span><\/p>\n<\/td>\n

\n

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

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

$256,936<\/span><\/p>\n<\/td>\n

\n

$276,309<\/span><\/p>\n<\/td>\n

\n

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

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

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

\n

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

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

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

\n

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

\n

4.6%<\/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

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

\n

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

\n

-9.6%<\/span><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

-3.9%<\/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>
\n\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 (April 4, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in March was 10.8 per cent higher than same month last year.\u00a0 There were 1170 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) in the month of March, representing a 14.3 […]<\/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-874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"\nReal Estate Market Moving Toward Balance Market - 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-0413\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate Market Moving Toward Balance Market - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"\u00a0 (April 4, 2013 \u2013 Hamilton, Ontario) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) reported the average sale price for all property types in March was 10.8 per cent higher than same month last year.\u00a0 There were 1170 property sales processed through the RAHB Multiple Listing Service\u00ae (MLS\u00ae) in the month of March, representing a 14.3 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/\" \/>\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=\"2013-04-04T12:47:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T21:21:40+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-0413\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/\"},\"author\":{\"name\":\"Steve Roblin\",\"@id\":\"https:\/\/steveroblin.com\/#\/schema\/person\/71afc1bccceacc7de16e423cc1f565ce\"},\"headline\":\"Real Estate Market Moving Toward Balance Market\",\"datePublished\":\"2013-04-04T12:47:12+00:00\",\"dateModified\":\"2023-11-28T21:21:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/\"},\"wordCount\":577,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/steveroblin.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/\",\"url\":\"https:\/\/steveroblin.com\/hamilton-real-estate-0413\/\",\"name\":\"Real Estate Market Moving Toward Balance Market - 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