Monthly Market Commentary

Just a chance to say hello and to update you on our local real estate market. Thank you to all those who had a chance to attend the recent home and garden show.

 

The Realtors Association of Hamilton-Burlington has recently

released statistics for the month ending February 2014.

The statistics show residential sales are up from those of February 2013, even though there were fewer homes listed for sale this February compared to last February to choose from. All the indication are that it will be an active real estate market in the months ahead, making it an opportune time for anyone looking to make a change or invest in real estate.

 

COMPARING RESIDENTIAL STATISTICS

FEBRUARY 2013 VS. FEBRUARY 2014

 

Available listings: Feb. 2013 = 1398 vs. Feb. 2014  = 1306, down 6.6%

Unit sales: Feb. 2013 = 909 vs. Feb. 2014 = 922, up 1.4%

Average home sale price: Feb. 2013 = $374,245 vs. Feb 2014 = $398,239, up 6.4%

Average days for a home on the market: Feb. 2013 = 53 vs. Feb 2014 = 43.

 

It is an interesting market, especially since we have had an extreme winter compared to last.

 

Please feel free to contact me anytime if I can be of any assistance to you or anyone you know. I offer a free consultation and or home evaluation at no obligation. All the best!

 

Sincerely, John Schlett