February Stats Recap

The most new listings were noted in Milcroft with 63 just in the area alone! Sellers in north-west neighbourhoods are likely happy they listed last month with an average of 25 days on market and 100% price to sale ratio. A stark comparison to core areas where the last of the fall listings have been sold causing a shift of 62 days on average to sell.

Interesting to say the least with the average price across the City falling just under 2% short of last month. We also see a shorter number of days on the market… almost a full week less. My guess is, in April we’ll be seeing that number drop even further. Hitting the pavement these last few weeks, we’ve certainly watched an emergence of offers making timing of the essence. We’ve felt a shift but, how much is hard to say just a few days in… 

The mountain areas faired best over the last 30 days with the most new listings (with 133) and just 23 days on market turn around at an average of 100% of asking price… not too bad!  Like Burlington, we’ve noted a similar trend… lower sale prices, again by a full 2% but, reducing that time spent on the market. It does appear Hamilton has been a little more steady as it transitions into the midway point of the spring market.