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Hamilton Real Estate Market Statistics for September 2020

 Monday, October 5, 2020     Kirsten McNamee     Real Estate Trends

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The REALTORS Association of Hamilton-Burlington (RAHB) have released their September 2020 statistics. This article will review these statistics and summarize them. It was reported that sales were up 37.67 per cent over the last month, and up 53.9 per cent compared to September 2019. 

It was also reported that new listings saw an increase of 32.67 percent over August 2020 and up 8.5 per cent over September 2019. The average price of a residential property was reported to be $721,354, an increase of 3,8 per cent from the previous month, and up 19.8 per cent from September 2019. The number of active listings for the month saw a decrease of 40.4 per cent when compared to the same time last year. 

The above chart, Residential Market Activity, show us what neighbourhoods had the most sales for September 2020, and the much more. In September 2020 is was reported that the Hamilton Mountain had a total of 269 sales of residential properties, with an average sale price of $542,192. A neighbourhood to take note of is Stoney Creek, with a total of 221 sales and with an average sale price of $640,075. 

Finally, we can look at the neighbourhood of Hamilton Centre, with a total of 157 sales and an average price of $435,797. For a more in-depth look at each area within the Hamilton Greater Area, we can take a look at the below map, Average Residential Price by District. 

average-price-by-district-sept-2020

The above map, Average Residential Property Price by District, illustrates each area within the Hamilton surrounding areas. The neighbourhoods to take note of that had the highest number of sales for September were; 42, 51 and 53. 

Stoney Creek saw a of 221 sales in September (areas 50, 51, and 52), with an average property price of $640,075.Flamborough was once again the area with the highest average residential property price, $1,043,101. Take a look at the next chart below, Hamilton Residential Table. 

hamilton-residential-table-sept-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's September 2020 statistics. There were a reported 1,751 sales of residential properties in the RAHB market area, and a total of 1,056 in the Hamilton. There was an increase of 53 per cent in residential property sales compared to last year. 

The average price of a residential property was reported to be $664,330, which is 22 per cent increase. It was also reported that the average days a property was on the market was 11 days, this is 8 days less than the previous year. However, active listings did see an decrease of 44 per cent to 908 in September 2020. 

REALTORS® Association of Hamilton-Burlington September 2020 Statistics 

In August RAHB reported 1,751 sales of residential properties for the month of September 2020. Sales of residential properties were reported to be up by 37.67 per cent. The average property price had a reported increase pf 3.8 per cent to $721,354. There was a reported 1,056 sales within the Hamilton market area, an increase of 53 per cent. 

“September is typically a busy month as we move into the Fall market; however, activity was some of the highest we have seen. Sales significantly increased in September over last month and last year, and average price was up 10 to 20 per cent in all of our major RAHB communities for those same time periods. We also saw an increase in new listings in our area; however, there is a low number of active listings, which was down in September by over 40 per cent compared to the same month last year. This low inventory is driving the average price higher.” - RAHB President Kathy Della-Nebbia

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for September 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these September 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for August 2020

 Sunday, September 6, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The REALTORS® Association of Hamilton-Burlington (RAHB) just released their August 2020 Statistics. In this article we will review and summarize these statistics. There were a reported 1,272 sales of residential properties within the RAHB market area. Sales were reported to be down 21.4% over the last month, and up 12.7% compared to August 2019. The average cost of a residential property was up by 0.24% to $694,690 from last month, and up 16.3% from August 2019. While the number of active listings was down 18.6% over the same time last year. 

Now lets review the above chart, Residential Market Activity, and we can see what neighbourhoods had the most sales and what the average cost of a residential property was. It was reported that in August 2020, the Hamilton Mountain had a total of 206 sales, with an average property price of $598,271. Stoney Creek reported a total of 153 sales, with an average property price of $703,948. The area with the highest average residential property price was Flamborough, with the price being $1,157,700. We can now turn our attention to the below map, Average Residential Price by District, to better understand each area. 

average-residential-price-by-district-aug-2020

The above map, Average Residential Property Price by District, allows us to view each neighbourhood in the Hamilton and surrounding areas. The areas to take note of for August 2020 are; 18, 17, 42, 51 and 53. each of these areas reported to have the highest number of sales of residential properties. 

The map also illustrates to us the areas with the highest average price of a residential property. In August 2020 the areas that reported the highest average property prices were; Flamborough, with an average price of $1,157,700, Stoney Creek with an average price of $1,139,625 and finally Ancaster with an average property price of $945,078. Take a look at the next chart below, Hamilton Residential Table. 

hamilton-residential-table-aug-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's August 2020 statistics.There were a reported 1,272 sales of residential properties, which is a decrease of 21.14% over previous months and up 12.7% from August 2019. 

The average price of a residential property was reported to be $662,257, that's a 21% increase compared to the same time last year. The average days a property was on the market was 10 days, 9 days less than the same time last year. Active listings saw a decrease of 18% to only 955. 

REALTORS® Association of Hamilton-Burlington August 2020 Statistics 

In August RAHB reported 1,272 sales of residential properties within the Hamilton area. Sales saw a decrease of 21.14% over the same time last year. The average residential property price had an increase of 21% to $662,257. There were a total of 865 sales within the Hamilton market area, an increase of 20% compared to August 2019. 

“This month’s activity was in line with what we would typically see for August; however, due toCOVID-19 the trends for the year are not what we would normally experience. Over the Spring, we saw lower than normal activity, but a balance between supply and demand. Into the Summer months we saw an increase in activity where we would normally see a decrease. As we move into the Fall, we would expect a return to higher activity. With the potential for a second wave of the virus we don’t want to make any predictions, butRAHB REALTORS® will continue to find houses for buyers and buyers for sellers in a healthy and safe way.” - RAHB President Kathy Della-Nebbia.

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for August 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these August 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for July 2020

 Tuesday, August 11, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The REALTORS® Association of Hamilton-Burlington (RAHB) just released their July 2020 Statistics. In this article we will review and summarize these statistics. There were a reported 1,613 sales of residential properties and the real estate market saw an increase of 27.7% in sales over the last month, and up 27.8% when compared to the same time last year. The average sale price saw an increase of 2.6% to $692,999, which is also a 16.3% increase from July 2019. 

When we review the above chart, Residential Market Activity, we can see that in the Hamilton area. The Hamilton Mountain had the most sales of residential properties, with a total of 248 sales and an average sale price of $591,182. Another notable area was Stoney Creek, with 186 sales of residential properties, with an average sale price of $639,906. We can now take a look at the map below, Average Sale Price by District, and get a close look at each area. 

average-residential-price-by-district-july-2020

The above map, Average Price by District, gives us a view of the entire Hamilton and surrounding areas. Showing us the number of sales and the average residential property price in each area, plus the total number of sales in each area. The areas to take note of are 17, 42, 46 and 53 - each of these areas had the highest number of sales for the month of July 2020. 

According to the above map the areas with the highest average residential property price were Flamborough, Dundas and Ancaster. Flamborough reported 24 sales with an average property price of $1,064,121. Ancaster reported 89 sales with an average property price of $849,872. Finally, Dundas reported a total of 30 sales with an average property price of $860,181. 

hamilton-residential-table-july-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's July 2020 statistics. There were a reported 1,613 sales of residential properties, which is an increase of 27.7% from the same time last year, and 27.8% up from July 2019. 

The average price of a residential property was reported to be $628,834, that's a 15% increase from July 2019. The average days a property was on the market was 20.1 days, 9 days less than the same time last year. Active listings saw a decrease of 22% to only 975. 

REALTORS® Association of Hamilton-Burlington July 2020 Statistics 

In July RAHB reported 1,613 sales of residential properties within the Hamilton area for the month of July 2020. Sales saw an increase of 23.7% over the previous month and 27.8% from June 2020. The average residential property price had an increase of 26% from June to $629,989 and 16.3% from July 2019. 

The number of sales for single family homes within the RAHB market area, saw an decrease of 18.1% compared to last year. The number of new listings was down 2.6% over last year, with the average sale price seeing an increase of 20%. When it comes to townhouse sales activity, there was an increase of 33.6% from July 2019, and new listings were up by 30.4%. The average sale price of a townhouse increased by 17.3% to $583,351. Finally, apartment-style properties had a decrease in sales by 17.1% when compared to the same time last year. With new listings seeing an increase of 76.8% and the average sale price increasing by 11%. 

“As we can see from the data, activity has resumed to pre-COVID-19 levels, and is actually surpassing the levels we would typically see in the summer due to pent-up demand over the last several months. What is also affecting the market – and more specifically the increase in average price – is the low number of active listings. With less available, buyers have limited choice and the market favours sellers.” says RAHB President Kathy Della-Nebbia.

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for July 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these July 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for June 2020

 Tuesday, July 14, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their June 2020 Statistics. In this article we will review and summarize these statistics so that they can be better understood. RAHB reported a total of 1,304 sales of residential properties within the RAHB market area. It was also reported that sales were up in June 2020 by 53% compared to the same time last year. With the average price of a property up 13.7% to $675,223 and up 3% from May 2020.

When we take a look at the above chart, Residential Market Activity, it's clear that the Hamilton Mountain and Stoney Creek had the most sales in June. With the Hamilton Mountain reporting a total of 182 sales, and Stoney Creek reporting 136 sales. Flamborough only had 31 sales but had the highest average property price of $1,010,282. To get a better idea and to see each area in Hamilton, we can take a look at the map below. 

average-residential-price-by-district-june-2020

The above map, Average Price by District, illustrates a wonderful view of the entire Hamilton and surrounding areas. Showing us the number of sales and the average residential property price in each area. We can see right away that areas we need to note are; 40, 42, 43, 44 and 52. Each of these areas had the highest number of sales for the month of June 2020. 

According to the above map the areas that had the highest average property price were, Flamborough with an average property price of $1,010,282. The next area with one of the highest property price was Ancaster at $870,583. Now we can turn our attention to the chart below and dive a bit deeper into some overall numbers and how long properties were on the market in June 2020. 

hamilton-residential-table-june-2020-3

The final chart that we'll review in this article is the, Hamilton Residential Table, this table is able to break down the overall numbers for June 2020. We can see that in June 2020 there was a reported 825 sales, only a 4% decrease compared to the same time last year.

With the average price of a residential property being $619,049 we can see there was a 14% increase over June 2019. The average days a property was on the market also decrease by 4 days to only 21.6 days. Finally we can see that there was only a 10% decrease in the amount of listings in June, there were 1,160 and 1,024 active listings. 

RAHB June 2020 Statistics 

In June 2020 RAHB reported a total of 1,304 sales of residential properties, sales were up by 53% over May 2020 and only down 0.2% over June 2019. The average residential property price was reported to be up 13.7% to $675,223 and up 3% from last month. 

When we look at single family home sales, we can see it was reported that there was a decrease of 0.2%, with the average sale price seeing an increase of 13.7%. Townhouse sale activity saw an increase of 10% over June 2019, with the average sale price being $563,849. Finally, apartment-style properties had a reported decrease in sales by 13.5% in June 2020, with an average property price seeing an increase of 6.8%. 

"With the re-opening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout theRAHB market area. Typically, spring is busier than summer; however,COVID-19 seems to have pushed the market back a few months. Throughout the pandemic, the average price of a residential property in our market has held steady. If Ontario's recovery fromCOVID-19 continues, we shouldn't see a decrease; however, we are cautious that any relapse or second wave could slow the activity and affect average price." - RAHB President Kathy Della-Nebbia 

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Market Statistics for June 2020

Contact a Sales Representative at Judy Marsales 

Have questions about these June 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for May 2020

 Friday, June 5, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their May 2020 Statistics. In this article we will review and summarize these statistics.RAHB reported a total of 852 sales within the residential market area for May 2020. Sales were down 42.2% over May 2019, and up 43.4% compared to last month. It was also reported that the average sale price of a residential property had a 10% increase over May 2019 to $655, 418. 

When we take a look at the above chart, Residential Market Activity, we see that the Hamilton Mountain once again had the greatest number of sales with a total of 132. The area also had an average property price of $561, 221. Another area that did quite well was Stoney Creek, with a total of 103 sales, and an average residential property price of $650, 580. Let's now turn our attention to the map below, where we can take a more in depth look at each neighbourhood in Hamilton. 

average-residential-price-by-district-for-may-2020

The above map, Average Residential Price by District, illustrates the entire Hamilton area by neighbourhood. Allowing us to see how each neighbourhood did in terms of the average property price for the month. Sub areas to take note of were; 16, 42, 51 and 53 - each of these areas had the highest average residential property price. 

It was reported that, and according to the above map, that Flamborough had an average price for a residential property being $837,679. The next area that we need to mention is Ancaster, where the average price was $806,662, and it had a total of 58 sales. Finally it's important to mention Stoney Creek, which had the highest average residential property price of $1,060,033 with a total of 103 sales. The next chart we'll take a look at is the Hamilton Residential Table. 

hamilton-residential-table-may-2020

The final chart is the Hamilton Residential Table, which breaks down the overall numbers for May 2020. When we review this chart we can clearly see everything from the total number of sales to the average days a property is on the market. It also shows us the percentage in the difference from the previous month. 

In May 2020 Hamilton saw a total of 574 sales of residential properties, this is a 40% decrease when compared to the same time last year. However, the average cost of a residential property had an increase of 10% to $604,578. It's also important to note that the number of days a property was on the market went up by 3.3 days to 28.9 days. 

RAHB May 2020 Statistics 

It was reported that there were a total of 852 sales of residential properties in May 2020, in the RAHB market area. It was also reported that sales were down 42.2% over May 2019, and up 43.4% when compared to April 2020. The average residential property was reported to be up by 10% to $655,418, and up 6.3% compared to last month. 

When it comes to single family homes, it was reported that there was a decrease by 42.5%, and the average price increased by 11.6%. Townhouse sales saw a decrease by 42.1%, compared to the same time last year, with an increase of 9.3% in the average price to $555,716. Apartment-style properties there was a 35.1% decrease from May 2019, and the average price saw a decrease of 6.4%. 

"New listings and sales are understandably down compared to May 2019; however, the average sale price has held fairly steady week-over-week during COVID-19 due to a balance of buyers and sellers. The province moving safely into phase one of re-opening has improved consumer confidence, leading to an increase in activity compared to April. If progress continues and the weather cooperates, we should expect higher activity in June." - RAHB President Kathy Della-Nebbia 

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Market Statistics for May 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these May 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator right now.