18
Apr 2020
Off
08
Apr 2020
Off
COVID-19: Residential Market Update (March 16th to 31st)
🏀 On March 12th, the NBA announced it was shutting down for at least 30 days. This was the first major sports association announcement.
🚌 Later that day, the Ontario Government announced that all publicly funded schools would be closed for two weeks after March Break.
🚨 On the morning of March 17th, the Ontario Government declared a state of emergency.
📈 The March monthly statistics released last week show increases in Total Sold and Average Price, but that is reflective of the entire month and the extra strong market we experienced to start 2020 – which continued into March.
📊 This Market Update showcases the change in New Listings, Total Sold and Average Price for the last two weeks of March (the initial effects of COVID-19) as compared to the first two weeks of March 2020. It is important to note that the data set for a two-week period only is limited and can be skewed more easily by a non-typical property sale. To provide some additional perspective, we have compared the same two-week period to that of 2019. In almost every community, the average price has increased year-over-year even considering the impact of COVID-19.
Continue Reading →
05
Apr 2020
Off
02
Apr 2020
Off
COVID-19 affects RAHB market area in March
Hamilton, ON (April 2, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,098 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in March 2020. Sales are up 10 per cent over last month, but down 3.1 per cent over March 2019. The average price for residential properties increased to $658,161, which is up 1.8 per cent from last month and up 14.5 per cent from the same month last year.
Continue Reading →