Strong fall real estate market proves the time to buy or sell is now
At the Rocca Sisters & Associates, we believe in providing each and every one of our clients with an experience that is not just the best, but remarkable. When you entrust the Rocca Sisters Team with buying or selling your home, you can expect a personalized, hands-on approach that will make your real estate experience as comfortable and profitable as possible.
Our specialized team of Buying and Listings agents are the best and the brightest in the business with decades of experience between them working in many facets of the real estate business. One of the advantages of working with our team is that as Realtors®, we know the local market, have access to the freshest sales data, and can price your house in line with the market to maximize your earnings.
The latest figures announced by the REALTORS® Association of Hamilton-Burlington (RAHB) indicate that the fall market continues to be strong. According to RAHB, 1,258 property sales were processed through Multiple Listing Service® (MLS®) in October. This represents a 4.5 per cent increase in sales compared to October of last year.
There were 1,821 properties listed in October, an increase of 4.4 per cent over the same month last year.
“October was another strong month for real estate activity in the RAHB market area,” said RAHB CEO Ross Godsoe. “Listings and sales are both well above average and are the highest they’ve been in October since the most recent recession.”
Seasonally adjusted sales of residential properties were 6.3 per cent higher than the same month last year, with the average sale price up 8.5 per cent for the month. Seasonally adjusted numbers of new listings were 6.8 per cent higher than the same month last year.
Actual overall residential sales were 4.6 per cent higher than the previous year at the same time.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value.
Year-to-date, listings are 2.2 per cent higher than the same January-to-October period a year ago. Sales are 6.1 per cent higher and the average sale price is 5.6 per cent higher for the period.
These numbers tell us that the market is still performing well and that if you have plans to buy or sell, you need not wait until the spring – now is the time to sell; now is the time to buy.
As the #1 Sales Team in Burlington for four consecutive years (2010-2013) and the #3 Team in Canada for sales production and volume out of 14,500 agents nationwide for Royal LePage in 2013, you can look to our full service, highly responsive, executive team of professionals for all of your real estate needs.
To be set up on a personalized home search or for a free no obligation home market evaluation, please call us at our office directly at 905-335-4102. It would be our pleasure to assist you.