Archives for 2019

RAHB December Real Estate Stats – 2018

Hamilton, ON (January 2, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is a 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210. Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008. “As we close out 2018, we’ve experienced a different market than the ones from 2016 and 2017,” says RAHB CEO George O’Neill. “Across the RAHB market area we’ve seen decreases in various statistics when compared to last year; however, consumers who have owned their property for the past several years have experienced gains in the value of their property.” The number of sales for … [Read more...]