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Condo Market Hot in Hamilton and Burlington Areas - Prices climbed

The Hamilton-Burlington area real estate market reported a total of 1,534 unit sales in June, indicating an increase of more than 15 per cent over the same period last year.    The sales were helped by the robust condominum activity.   The average price of condominiums in June was $202,692, an increase of seven per cent over June 2006.

The average price of non-condominium residential properties sold for the month of June was $287,987, an increase of nearly eight per cent over the same month last year. The average sale price reflects the dollar volume of residential sales divided by the number of total residential units sold.

Affordable prices continue to attract buyers and investors to the area.  

For a complete report on house prices and statics provided by the Hamilton/Burlington Real Estate Association click here

Posted: Friday, July 13, 2007 12:12 AM by Sutton Realty

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