| Type |
#Sold |
Average Price |
| Detached 2 Storey |
91 |
$450,657 |
| Semi-Detached |
16 |
$336,275 |
| Townhouse |
30 |
$308.080 |
| TOTAL |
137 |
|
2009 Proves Real Estate is a Good Investment
The Greater Hamilton-Burlington area resale market reported a total of 779 units sold in December, indicating an increase of 70% over the same month last year, but only 18% higher than December 2007. The total unit sales for 2009 are being reported at 5.8% higher than 2008, while new units listed are 6.8% lower for the year-to-date, according to Multiple Listing Service statistics released by the Realtors Association of Hamilton-Burlington (RAHB).
"December 2009 was the best December RAHB has seen, rounding out the best fourth quarter in area history". Said Joe Ferrante, RAHB President. "December is traditionally the slowest month of the year, but that was not the case in 2009".
Residential properties sold during December totalled 733 which included 568 freehold properties and 165 condominiums. The average price of freehold residential properties sold in the month of December was $298,641, an increase of 13 percent over the same month last year and a decrease of 10.2% over last month. The average price for all freehold residential properties sold in 2009 was 2.2 percent higher than 2008.
Source: RAHB Real Info Early Edition
2009 - 4th Quarter Sales Statistics
|
Type
|
# Sold |
Average Price |
| Detached 2 Storey |
18 |
$477,594 |
| Semi-Detached |
1 |
$356,000 |
| Townhouse |
5 |
$303,400 |
| TOTAL |
24 |
|
