Hamilton Burlington Real Estate Update - January 2019 - Emily Jones, Real Estate
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Hamilton Burlington Real Estate Update – January 2019

Hamilton Burlington Real Estate Update – January 2019

HAMILTON BURLINGTON REAL ESTATE UPDATE
– JANUARY 2019

January 2019’s REAL ESTATE MARKET UPDATE AND STATISTICS FOR HAMILTON AND BURLINGTON ARE HERE! LOOKING FOR MORE INFORMATION OR ANOTHER COMMUNITY? CONTACT ME FOR MORE.

The REALTORS® Association of Hamilton Burlington (RAHB) reported 593 sales of residential real estate located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January, 2019. This is a 3.6 percent drop from the same month last year. The average price was up by 4.7 percent to $550,058.

“This is a promising start to 2019,” says RAHB CEO George O’Neill. “For sellers, the average price of a home has increased over 100 percent since 2009. For buyers, sales activity has slowed, the number of new listings has increased, and we are sitting firmly in a balanced market.”

The number of sales for single family properties within the entire RAHB market fell by 2.8 percent compared to the same month last year, and the average sale price increased by 7 percent. Townhouse sales activity across the entire RAHB market area were also down from January 2018 by 2.6 percent, while the average townhouse sale price rose by 5.3 percent. Apartment-style property sales increased by 3.2 percent over January 2018, and the average price increased by 5.8 percent to $381,504.

“The January numbers have picked up since the downturn we experienced in December,” adds O’Neill. “The trend is still the same – lower priced properties such as townhouses and apartments seem to be the preference for consumers, and are in high demand.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

January 2019 Real Estate Update Source: Realtors Association of Hamilton Burlington

FEEL FREE TO REACH OUT ANYTIME TO DISCUSS REAL ESTATE IN THE HAMILTON AND BURLINGTON AREAS.