Even tough there were less listing and sales, when compared to February of 2012, the average sale price in Feb 2013 is 4.9% higher – according to the report by the REALTORS® Association of Hamilton-Burlington (RAHB).
RAHB CEO Ross Godsoe said that “last February had one extra day thanks to being in a leap year, so we expected this February’s sales to be a bit lower in comparison, but this year’s sales were not only lower than last year’s but also below average for the month. Does this constitute a downward trend? It’s too early to say. We should have a better idea at the end of the first quarter.”
| All Property Types – Actual | 2012 | 2013 | % Change |
| Listings | 1789 | 1486 | -16.9% |
| Sales | 1123 | 961 | -14.4% |
| Average Sale Price | $361,062 | $378,593 | 4.9% |
| End of Month Listing Inventory | 3857 | 3477 | -9.9% |
Thinking of selling your Burlington home? Why not put my real estate experience to work for you – I’d be delighted to help. As always my goal is to get your property SOLD at the best possible price, in a reasonable amount of time without any stress.