The numbers are in and it is definitly not all doom and gloom !! There were 1232 homes sold in April.This represents a 12.6% decrease from last April 2008. We have had two quarters of declines, however some pricing is returning to last years levels. The average freehold price was $ 302,306 which is a 0.3% increase. Condominiums are down 5% with an average price is $ 213,675.00 . The warm weather and excellent interest rates are adding excitement to the real estate market. This also demonstrates that Real Estate in Canada is and always will be an excellent long term investment. Some statistics have been provided by the Hamilton - Real estate Board.
If you are Listing your home it is still imperative ( as always ) to price your home properly. There is still lots of inventory that is not selling due to poor pricing decisions.
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Carl actively sells homes in Burlington, ON and surrounding areas. His business has grown on a solid network of family and friends. Please access www.carlstars.com for details.
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