Speculative entertainment via RAHB PR:
Average Sale Price, Listings on the Rise in January
(February 6, 2013 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 763 property sales through the RAHB Multiple Listing Service® (MLS®) for the month of January, representing a 6.4 per cent decrease in sales over the same month last year. RAHB also reported a 6.1 per cent increase in listings compared to the same month last year. The average sale price for all property types was up over January of last year by 6.2 per cent.
Seasonally adjusted sales of residential properties were 10.2 per cent lower than the same month last year, with the average sale price up 3.9 per cent for the month. Seasonally adjusted numbers of new listings were 3.5 per cent higher than the same month last year....
Actual overall residential sales were 6.7 per cent lower than the previous year at the same time. Residential freehold sales were 7.6 per cent lower than last year; the condominium market saw a decline in sales of only 2.9 per cent. The average sale price of freehold properties showed an increase of five per cent over the same month last year, while the condominium market saw an increase of 4.6 per cent when compared to the same period last year.
The average sale price is based on the total dollar volume of all residential properties sold. Average 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.
Average Sale Price, Jan 2013 vs Jan 2012
Flamborough: up 21.5% ($97,076) to $549,100
Waterdown: up 18.8% ($72,786) to $459,438
Grimsby: up 18.5% ($15,935) to $369,438
Caledonia: up 9.0% ($22,873) to $275,667
Hamilton East: up 8.8% ($17,353) to $213,036
Hamilton Centre: up 6.8% ($10,461) to $164,590
Ancaster: up 6.2% ($26,623) to $454,429
Stoney Creek: up 5.3% ($15,864) to $316,795
Burlington: up 4.5% ($19,744) to $454,906
Dundas: up 3.4% ($11,443) to $347,085
Hamilton Mountain: up 3.4% ($8,719) to $266,543
Hamilton West: down 0.4% ($1,119) to $310,908
Glanbrook: down 9.1% ($30,172) to $303,606