Market Watch

 

Here is the latest insight to what has been happening in the marketplace across Hamilton and surrounds for August 2017.

~ Sales for the month of August moved up slightly and against the national trend with 255 sales from July’s 252.

~ The median sale price rose to a record high of $546,500 in August up from $531,600 in July indicating that properties at the top end of the market are selling and in high demand. The previous high was $540,750 in March 2017.

~ The predominant selling range sits firmly in the $500,000 to $800,000 range and has done so for the last three months. Property available for sale remains a challenge for purchasers in Hamilton with less than 700 available throughout August and not exceeding 700 in any month since May of this year.

~ Auction clearance rates have remained solid along with auction listings, 92 vendors chose an auction marketing campaign as their preferred selling option in August up from 90 in July and 86 in June.

~ At Harcourts Hamilton our auction clearance rate year to date is an impressive 85% !

~ The Rural and lifestyle market surrounding Hamilton is experiencing unprecedented demand especially in the sub $1 million dollar range, equally sale prices above $1.5 million are now common.

 

If you or someone you know is contemplating selling in such a strong market, don’t delay and talk to one of our Harcourts consultants today about an up to date market appraisal and how to set the right strategy to achieve a premium sale price for your property.




 
 
Monarch Real Estate Limited Licensed Agent REAA 2008 - Copyright © Harcourts 2017  |  View Desktop Version