RAHB Media Release
Media Release
Sales Below Average; Average Sale Prices Continue to Rise
(April 5, 2011 – Hamilton, Ontario) The April real estate market in the Greater Hamilton, Burlington and
their outlying areas* experienced below-average numbers of listings and sales for the month, but an
increase in average sale price in most areas, according to Multiple Listing Service® (MLS®) statistics
released today by the REALTORS® Association of Hamilton-Burlington (RAHB).
The biggest gain in average sale price was in the residential freehold market, which saw an overall 5.9%
gain when compared to the same month last year.
Residential unit sales year to date are 10.4 per cent lower than last year.
“I said in my forecast in January that the spring market would be late in arriving this year, and that
certainly seems to be the case,” said RAHB President Ann Forbes Arndt.
The numbers for April:
“We saw some big swings in market activity in different areas of our jurisdiction,” added Arndt. Dundas
and Dunnville saw the largest gains in average sale price in April, while Grimsby and Burlington were the
only two major centres which saw a decline in average price. Six communities saw 20-30 per cent drops
in sales activity while one centre saw a triple-digit increase and other areas had nearly 10 per cent
increases.
Figures quoted are for sales and average sale prices of units located in the jurisdiction* of the
REALTORS® Association of Hamilton-Burlington and processed through RAHB’s Multiple Listing
Service® (MLS®). Unit sales reflect “all property types” including residential, condominium, commercial
property, farm, vacant land and business, unless otherwise specified.
(includes industrial, farm, vacant land and business)
*RAHB’s jurisdiction includes Burlington, Waterdown, Flamborough and Dundas in the north; Hamilton,
Ancaster, Stoney Creek, and Grimsby along Lake Ontario; and extends down to the shores of Lake Erie,
including Glanbrook, West Lincoln, Smithville, Dunnville, Cayuga, Caledonia, and Hagersville.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,500 real
estate brokers and sales representatives from Hamilton, Burlington, and outlying areas. Members of the association
may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict
code of ethics. The association operates the local Multiple Listing Service® (MLS®) and provides ongoing
professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership
Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local
MLS® property listings and information about the services provided by a REALTOR® can be found at
www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.