- January 2019 -

Prices Up, Sales Down

Despite a 26 percent decrease in the number of residential sales within the REALTORS® Association of Hamilton-Burlington (RAHB) area in December 2018, the average price of homes in the area rose by 2.6 percent compared to the same month in 2017.


The number of sales for single family properties fell by almost 25 percent in December 2018 compared to December 2017, as the average sale price increased by 0.5 percent. Townhouse sales dropped by 36.6 percent as their sale price rose by 8 percent, and apartment-style property sales were essentially the same as in December 2017; however, the average sale price increased by 6.8 percent.


"December has again prove to be one of the slower months for sales as people were busy celebrating the holidays rather than contemplating a move," notes RAHB CEO George O'Neill. "But we anticipate market activity will pick up into 2019 as consumer confidence grows after being affected by the provincial and federal regulations introduced over the past two years.


Please call today for a no-obligation discussion about the latest pricing and real estate activity, and for assistance with your own buying and selling plans.


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L. Piriano

REAL ESTATE

BROKERAGE, BROKER OF RECORD


Lou@ListWithLou.com
www.ListWithLou.com

 
T. Free:

1-877-747-4266


Local: 905-628-6625

Ralph Frisina

Broker

 

Direct: 905-961-6486  

  40 Years Experience formerly Broker Owner of Mainstone Realty
Expert in investment and new construction
Also CEO of Frisina Group (acquisitions and building)

Gloria Payton

Broker


Direct: 905-575-3843

Over 30 years experience in assisting buyers/sellers

 

5 Term Director Realtors Association Hamilton-Burlington Official Educator for Realtors

Chris Allen, MBA Broker


Direct: 905-320-2850

 

Commercial Specialist
Consummate Sales Professional

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