Hamilton housing prices rise again
September 04, 2009
The Hamilton Spectator
http://www.thespec.com/News/Business/article/628728
Hamilton's real estate market continues to rise, with average prices jumping almost 3 per cent in August.
New figures from the Realtors Association of Hamilton-Burlington released yesterday show 1,133 properties sold last month, 16 per cent more than the same month last year.
At an average price of $313,356 for a freehold residential property, values were up 2.7 per cent.
In the condominium market, the average price in August was $215,154, an increase of 1.3 per cent over August 2008.
Year-to-date numbers show sales are down 4.5 per cent over the first eight months of 2008. Listings are down 8.6 per cent.
The total number of units listed for sale during August was 1,535, which is 2.8 per cent fewer than were listed in the same period in 2008.