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December Sales Strong-Hot Hamilton-Burlington Market !

The Queensland Budget will create both winners and losers in the property market.

 

Hamilton and Burlington have showed strong sales in the month of December 2013-leading the way for Canada’s exceptionally healthy real estate market!

    As statistics can certainly speak for themselves, Hamilton-Burlington has seen an increase of sales of a solid 21.6% in December compared to the same month of 2012. Also, the average sale price of $ 369,212 for December 2013 has increased 7.1 percent-a positive indicator more people wish to call Hamilton and Burlington their home. A factor keeping prices on the rise in this area is the supply of houses and condos offered for sale continues to lag behind demand.The inventory of listings has gone down a noticeable 11% since the previous year with only 659 properties being put on the market in December.

 “New listings were lower than last year,” said RAHB CEO Ross Godsoe. “and were also significantly lower than the 10-year average for the month of December. Conversely, sales for the month were not only higher than last year, but were also higher than the 10-year average. It’s no surprise that our end of month inventory of listings is down double digits from last year at this time.”

      In addition, there was a slight difference of the average days properties were on the market; the high demand meant freehold market decreased from 55 to 52 days, while the condominium market decreased from 52 to 47 days.  

      In Hamilton, 389 homes were sold, up 14.1 percent from the same month last year, while only 273 were listed, down 16.3 percent. The average home price in the city rose 5.2 per cent to $296,121 from $289,494 last year.
In Burlington, there were 161 sales, up a whopping 49 percent from 108 last year. Listings were also up to 117 from 86 last year, an increase of 36 percent. Average price of a Burlington home rose 13.6 per cent to $506,471 from $445,761.


     The high demand and slightly scarce properties available, Hamilton-Burlington market has remained strong and growing. “The real estate market in the Hamilton, Burlington and outlying areas continues to be a strong, stable market,” added Godsoe. The same or similar trend is predicted for the remainder of the year.

 Comparison

Every community in RAHB’s market area has its own localized residential market.  Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

 

 RAHB Market Activity for December

 Ham

 Burl


 
Click below to see RAHB's media release - December sales strong.
 http://www.rahb.ca/press/2014/jan/140107statsreleaseDecember.pdf
 http://www.rahb.ca/press/2014/jan/140107statsreleaseDecember.doc
 
 
 Sutton Group - Reality Systems Inc., Brokerage
 Call Us To Help You Find Your Dream Burlington-Hamilton Home! Tel.:905-896-3333
 
Posted: Wednesday, January 08, 2014 1:45 PM by Sutton Realty

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