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Real Estate Updates on Market Trends, House Prices, Homes for Sale in the GTA, Mississauga, Toronto, Brampton, Oakville and Burlington. Sutton Realty Blog, Sutton Mortgage, Contact Sutton 416-896-3333, 905-896-3333 Canada Toll Free 1-800-265-1361

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Stability & Confidence in the Burlington/Hamilton Real Estate Housing Market - Price Statistics

Housing sales rebound in September - Prices Up.
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The Hamilton-Burlington area resale market reported a total of 1,027 units sold in September, exactly the same number sold in September 2007.
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The average price of freehold residential properties sold in the month of September was $303,690, an increase of 9.5% over the same month last year.  Condominiums not being as popular, recorded a decrease of 1.3% over September last year with an average condo price of $209,942.   Overall total residential average sales prices, including condos increased 6.9% over the same month in 2007 for the Hamilton-Burlington resale market.
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With the turmoil we've seen in the financial markets, home owners should be confident in the equity of their homes.   Over the past nine months, we've consistently seen increases in average prices in the Burlington-Hamilton real estate markets.    This reaffirms the stability of and instills confidence in the local house markets.  
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Affordability and availability of product have attracted buyers to our area.   It's good news and proves again that real estate beats the stock market for a more comfortable long term investment.

Hamilton Burlington House Prices Statistics

The total number of units listed for sale during September was 2,059, which is 22.8% more than were listed in the same period in 2007.

Burlington House Prices, Hamilton Real Estate Market

Residential properties sold during September totaled 979 which included 760 freehold and 219 condominiums.  Commercial sales for September, including industrial, farm, vacant land and business, totaled 48 units.
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Investors looking to diversify will find a variety of product to fit their budgets and long term goals.  For further information - contact your Sutton Realty Systems realtor 905-827-6999, 416-896-3333
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Visit us at www.SuttonRealty.com to search for Burlington and Hamilton Houses and Townhouses for sale.
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Statisics provided by the Hamilton Burlington Real Estate Association.

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