February Market Update
Sunday, February 8th, 2009HAMILTON-BURLINGTON Showed 476 units sold in January. This is a 42 % decrease from last year. This demonstrates a market shift, however there is still movement in the market place. Actual price declines have been modest. Some Condominiums prices have seen a 2 – 3% increase in Price. It seems the home that was $ 319,000 last year , may have to be down to $ 299,000 to effect a sale. The typical townhouse that was $ 299,000 may have to be 284,900 . Now these are generalizations but it is very important to note that a sharp price will beat out the competition and I cannot emphasize home staging enough. I provide home staging with a ” full time” experienced home stager which helps the Seller beat out the competition.
Year to Year statistics provided by the Hamilton Real Estate Board

