Hamilton Burlington Real Estate - May 2019 - Emily Jones, Real Estate
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Hamilton Burlington Real Estate – May 2019

Hamilton Burlington Real Estate – May 2019

HAMILTON BURLINGTON REAL ESTATE UPDATE – MAY 2019

THE MAY REAL ESTATE MARKET UPDATE AND STATISTICS FOR HAMILTON AND BURLINGTON ARE HERE!
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The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,344 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in May 2019.

This is a 10.9 per cent increase from May last year, as well as a 9.6 per cent increase over April 2019 and a 30.2 per cent increase over March 2019. The average price for residential properties increased by 0.9 per cent from May 2018 to $593,702. 

“The number of sales increased double digits over last year and the number of new listings decreased by 5.2 per cent, indicating that we are in the thick of a busy spring market for sellers,” says RAHB President Bob Van de Vrande. “And prices only increasing an average of 0.9 per cent over last year means buyers haven’t watched prices soar while they find the perfect home.”

statistics by property type

The number of sales for single family properties within the RAHB market increased by 6.3 per cent compared to the same month last year. The average sale price increased by 0.5 per cent.

Townhouse sales activity across the entire RAHB market area increased from May 2018 by 21.8 per cent. The average townhouse sale price rose by 3.7 per cent to $507,400.

Apartment style property sales increased by 20 per cent over May 2018. The average price increased by 8.3 per cent.

“When we talk about the ‘RAHB market’, we’re referring to four separate communities – Hamilton, Burlington, Haldimand and Niagara North,” adds Van de Vrande. “The activity experienced in one community may not be taking place in another for a variety of reasons. That’s why it’s so important for consumers and sellers to use a local REALTOR® who knows the trends within their area.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the 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.

Source: The REALTORS® Association of Hamilton – Burlington (RAHB)

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