How is our Spring market doing?
Are you wondering how our 2007 Spring market is doing? Here are a few interesting stats for you.
The Hamilton-Burlington area resale market reported number of unit sales in April indicated an increase of 13 per cent of the same time period last year. The TOTAL unit sales for the first four months of '07 are reported at being just a 1 per cent lower for the same period last year, while new units listed are 5 per cent higher for the year to date, according to MLS statistics released by our local real estate board (RAHB). (Unit sales reflect "all property types" including residential, condominiums, commercial property, farmland and sale of business).
April's total residential average sales price increased over 6 per cent over April '06, (average sale price reflects the dollar volume of residential sales divided by the number of total residential properties sold), while the median price of total residential sales rose 2 per cent (median price is the value midway between the most expensive property and the least expensive property).
The total number of current properties listed for sale during April '07 was 15 per cent greater over the same period last year.
The reason I don't give you dollar amounts is that we cover a vast area of Hamilton, Burlington and surrounding areas that fall within various price ranges and may not be reflective of your neighbourhood necessarily. If you would like an idea of what the average sale price is for your neighbourhood and how the market is in general I would be delighted to provide that to you at any time, all you have to do is call or email me directly!