When you’re weighing real estate values and considering the health of a potential retirement venue, it’s normal to look at the traditional consumer-oriented publications and measures. But a bird’s-eye view of the market and a peek at what professionals and investment experts consider can actually yield some interesting insight as well.
The REALTORS® Association ofHamilton‐Burlington (RAHB) reported today that the average sale price for all property types in February was 4.9 per cent higher than same month last year. While prices continue to edge higher listings and sale are down 16.9% and 14.4% respectively from the same period last year.
There is much speculation in the news of a slowing market but at this point it is too early to tell. My experience continues to be that if a home is priced well according to neighbourhood and market conditions and has been effectively prepared for sale through staging, de-cluttering and addressing maintenance items that buyers are ready and willing to make an offer. This is evidenced through many multiple offer scenarios for properties througout Burlington and Oakville.
The Realtor’s Association of Hamilton Burlington reported today that residential sales were down 6.4% and the number of listings were up by 6.1% in January compared to the same month last year. Although sales seem low, when compared to last year, they are right on average for the month of January. Read the full report.