Looking at Residential sales in Hamilton over the past 12 years, the last 4 years sales have been rising steadily and, with the exception of July 2010, the time taken to sell them has been dropping. this could indicate more confidence and urgency stirring in the marketplace.
Median sale prices have settled and haven’t ‘blown out’, which is the spin coming from some sources. In fact, there has been very little movement since July 2007.
Government Valuations compared with Median Sale Prices have stayed very close over the last 2 re-evaluation periods, whereas, in the ‘boom’ times prior to that, the differences were considerable.
Sales in each month over the last year have been up and down which is seasonal and to be expected. However, sales in mid-winter, July 2013 compared with July 2012 show an increase in sales of 45 with 9 days less to sell them.
Median Sale prices over the year have not really, in terms of thousands, varied very much. $6,000 greater in July 2013 compared with July 2012 and only $3000 compared with March 2013
The breakdown of Median Sales Suburb by Suburb for July 2013 show Rototuna leading the field once again. The top 4 suburbs did nearly 50% of the business in the month.
Suburban Median Sale Prices by suburb indicate the highest prices seem, mainly in the newer, North Eastern Suburbs. Chedworth and Chartwell follow close behind and Beerescourt and St. Andrews are up there as well.