Jan­uary sees record-set­ting prop­erty sales in Hamil­ton and Burling­ton

The Hamilton Spectator - - BUSINESS -

Jan­uary was a record-set­ting month for prop­erty sales in the Hamil­ton and Burling­ton area.

A to­tal of 911 such transactions were pro­cessed through MLS last month, ac­cord­ing to re­cent fig­ures re­leased by the Re­al­tors As­so­ci­a­tion of Hamil­ton-Burling­ton, which also cov­ers Grimsby, Cale­do­nia and Dun­nville.

That’s 17.4 per cent higher than in Jan­uary 2016 and a new high for the month.

“Jan­uary’s record sales topped the pre­vi­ous high from 2006 by more than 11 per cent,” RAHB CEO Ge­orge O’Neill said in a me­dia re­lease. “That’s quite re­mark­able for a Jan­uary, when sales are typ­i­cally slower.”

At the same time, the num­ber of prop­er­ties listed last month – 1,139 – de­creased by 9.7 per cent com­pared to Jan­uary 2016, and by 30 per cent com­pared to the 10-year av­er­age.

The real es­tate board said sea­son­ally-ad­justed sales of res­i­den­tial prop­er­ties were up 4.3 per cent over the same year-over-year pe­riod, and the av­er­age sale price jumped 15.2 per cent.

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