Hamilton Residential Sales Statistics Comparisons for August 2015
Hamilton – Value has been discovered
Some sales people and agents are talking the Hamilton Market up and even talking of a boom.
The best August on record for real estate sales was August 2005 at 424 sales and yes with this months result of 407 sales you might at a casual view think we are almost back to that level and as such must be booming. But what has they forgotten? – just 10 years – during which time an average of 800 consent were issued per annum. So that tells us Hamilton is 8000 home richer than 2005.
At present Hamilton has around 55,000 homes of various types. So while 407 is a good result it is nothing like the 424 sales of 2005 – to equal that record we would need to get to 500 sales per month.