Real estate sales slip, but prices jump
Local real estate sales slipped 8.3 per cent in July, but they’re still 13.2 per cent higher than the 10-year average.
The Realtors Association of Hamilton-Burlington reports 1,703 properties were listed last month, a decrease of 13.9 per cent compared to July of last year. The average price of freehold properties increased by 13.2 per cent over the same period, while the average condominium sale price jumped by 8.7 per cent.
The average sale price for the area was $495,139, up 12.2 per cent from July 2015.
In Hamilton, the average price was $427,302, an increase of 15 per cent; and $678,402 in Burlington, up 23.5 per cent.
The Hamilton Spectator