News Articles & Blog

Hamilton Real Estate Market Statistics for August 2019

 Friday, September 13, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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When we review the August 2019 statistics for Hamilton and the entire REALTORS® Association of Hamilton-Burlington (RAHB) areas. We learn that there was a reported 1,067 sales of residential properties. And the 2019 year-to-date number of sales is up 10.2% over 2018. It was also reported that the average price of a residential property increased by 6.4% from August 2018 to $599,589. 

let's now take a look at the above chart, Residential Market Activity for RAHB Areas. We can clearly see that the Hamilton Mountain once again saw the highest number sales with 153 sales of residential properties. And properties in that area had a average price of $498.854. 

The next area that we should make note of for August 2019 is Stoney Creek. Which had a total of 113 sales of residential properties with an average property at $598,291. The chart also indicates to us the area with the highest costing residential properties in the Hamilton. For August 2019 that area was Ancaster, with an average residential property at $778,307. Now let's turn our attention to the below map. 

Average Price by District August 2019

The map, Average Price by District for August 2019, illustrates each areas total number of sales and the average cost of a residential property. Can you spot your area? Each month these numbers can change but it's interesting to see what the number are like in your area. 

Let's look at August 2019 and see what areas had the strongest numbers. It becomes clear right away that the sub areas are, 16, 18, 42, 51 and 53. These areas had the highest number of residential property sales.

The area that had the highest costing residential properties was Stoney Creek, sub area 52. Properties in this area had an average cost of $787,500. Next we'll turn our attention to the chart below to the Hamilton Residential Table.

Hamilton Residential Table

When we look at the above chart, Hamilton Residential Table, we can focus on the sales activity and compare it to the same time last year. There were a reported 679 sales of residential properties in Hamilton in August 2019. That number is only down by 2% compared to 2018.

With an average listing price of $548,848 is an increase of 8% from the same time last year. And there were 1,474 active listings and a median days on market being 19 days. That's 4% less days on the market compared to the same time last year. Next we can look at the RAHB stats for the entire area and see what the total number of sales were and overall average residential properties were.

RAHB Statistics for August 2019 

For the month of August 2019 there were a reported 1,067 sales of residential properties in the RAHB area. Sales may have been down from July, June and August of this year. However, it's important to note that the 2019 year-to-date saw an increase of 10.2% over 2018. 

"The year-to-date number of sales is higher in 2019 compared to 2018 because we had a stronger spring. If the average price continues to increase and inventory stays low, we may shift out of the balanced market we've been experiencing over the last year and a half as we move into fall." - RAHB President Bob Van de Vrande. 

For More Information About These Statistics 

If you're looking for more in-depth statistics and matrix, please refer to RAHB's Hamilton Real Estate Market Statistics for August 2019

Contact a Sales Representative at Judy Marsales Real Estate 

Are you considering putting your home on the market this fall? If you have any questions or are looking for a sales representative to help you find your dream home, contact one of our incredible REALTORS® today. They would also be happy to answer any questions you might have about the August 2019 statistics. Have you been curious about what your home is worth? You can find that out now by trying our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for July 2019

 Thursday, August 8, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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Let's review the above chart, Residential Market Activity for RAHB Areas, so we can get an overview how of the market did during the month of July 2019. It's very clear that this was a strong month for the Hamilton markets. The areas that had the highest number of sales were the Hamilton Mountain and Stoney Creek. 

The Hamilton Mountain saw 183 sales with an average listing price of $574,796. And Stoney Creek reported 112 sales with an average listing price of $562,277. Both areas had an increase in both the number of sales and the average listing price of a property, when compared to the same time last year. 

The chart also indicates to us what area had the highest costing properties. This was once again the area of Flamborough with an average listing price of $863,031. Now let's turn our attention to the map below, Average Residential Price by District, and we can get an even better idea of how each area did for the month of July 2019. 

Average Residential Price by District July 2019

Take a look at the above map, Average Residential Price by District for June. It illustrates each area with their total number of sales for the month and what the average price of a residential property was. You can take a look at your area or one you wish to move to and see what the average cost of a properties was and how many sales were reported for July 2019. 

We can see that once again the areas with the highest number of reported sales were sub areas, 16, 18, 42, 51 and 53. And Flamborough reported the highest average cost of a property, similarly to last month. Next we can view the chart below, Hamilton Residential Table, and see what the sales activity was like for the month of July 2019. 

Hamilton Residential Table July 2019

Please see the above chart, Hamilton Residential Table, this chart shows us that the sales activity has increased when compared to the same time last year. There were a reported 747 sales for the month of July 2019, this was a 6% increase from the same time last year. 

And there were 1,114 new listings reported in the Hamilton area with an average listing price of $553,749. We also like to note the number of days a property was on the market. For July 2019 the average days a property was on the market was 29.4 days and the median days was 19. 

RAHB Statistics for June 2019 

There were 1,170 sales of residential properties located within the RAHB market for July 2019. This is a 10.3% increase from July 2018 and the average price for a residential property increased by 0.9% from July 2018 to $593,702. 

"A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer. Average prices have stayed fairly stable since the spring high, which could point toward a healthy fall market when we could see the number of sales edge higher again." - RAHB President Bob Van de Vrande 

For More Information About These Statistics 

If you’re looking for more in-depth statistics and additional metrics, please refer to RAHB's Hamilton Real Estate Market Statistics for July 2019

Contact a Sales Representative

Have you been thinking about moving? This might be the right time to contact one of Judy Marsales sales representatives. They would also be happy to discuss these June 2019 market statistics with you. And also what the next steps are in selling your home. And if you’re wondering what your home is worth, try our What's My Home Worth Calculator. 


WORK WITH PROFESSIONALS

 Friday, August 2, 2019     Judy Marsales      General Real Estate Advice

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Our wonderful age of technology with a platform of endless information from every corner of the world, allows us to be better informed then we arguably have ever been.

But does all this information equate to specific professional knowledge supported by current experience on which to make a good real estate decision? There are so many variables to consider when buying or selling a home.

What are your personal likes and dislikes in a home? Which neighbourhoods feel comfortable and the right fit for your stage of life? The changing financial real estate dynamics and the current economic considerations should also be considered.

For example, are you familiar with the new First Time Home Buyer Incentive Program offered by the Government of Canada? Would that program fit your plans?

Another recent report identified that the Hamilton-Burlington market showed a 6% increase currently in the “Sellers Market strength” over last year. Very interesting information when considering how to price your home.

Every home owner wants the best price that the market will deliver. And every buyer wants the lowest price they can negotiate. A professional can assist you in navigating between these two points of consideration.

Your home buying or selling is a very personal decisions. Stay informed but always check the relevancy of the information. My advice is to use a professional real estate sales representative who has the knowledge, experience and personal perspective on our local real estate market to guide you to a successful outcome and a happy decision.

Call, email, or drop by our office to talk about the significant, relevant and current real estate information.

Written by: Judy Marsales, Broker of Record


Hamilton Real Estate Market Statistics for June 2019

 Wednesday, July 17, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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By reviewing the above chart, Residential Market Activity for RAHB Areas we're able to get an overview how of the market did during the month of June 2019. It's very clear that the area with the highest number of sales was once again the Hamilton Mountain with 176 sales and an average listing price of $469,101.

It's also important to note that the average sales price for the Hamilton Mountain has increased when compared to the same time last year. Other areas to note that have had a high number of sales were Hamilton East and Stoney Creek, both had 109 sales. 

The chart also helps us to better understand what areas had the highest number of sales and what the average sale price of a property was. Flamborough has once again had the highest costing properties in the Hamilton area with an average price of $788, 273. Next we'll take a look at the Average Residential Price by District map for June. 

Average Residential Price by District for June

The map, Average Residential Price by District for June, illustrates each area with their total number of sales for the month and what the average price of a residential property was. We can clearly see that the areas with the highest number of sales were sub areas 16, 17, 23, 42, 50 and 51. 

Lets now review what the areas were with the highest average costing properties were, Ancaster, Flamborough, Stoney Creek and Waterdown. You can also take a look and see what your areas average cost of a home was for the month of June 2019.

It's very interesting to see how the market changes month to month and year to year. We can also take a look back and compare to the same time last year. And now we're going review next chart, the Hamilton Residential Table to better understand how the market did for June. 

Hamilton Residential Table for June

The above chart, Hamilton Residential Table shows us that the sales activity has increased when compared to the same time last year. With 789 sales for the month of June with an 11% increase. There were 1,209 new listings reported with an average listing price of $538, 106. This is a 5% increase when compared to the average listing price at the same time last year. 

It's also important to note that the average days on the market decreased from 27 days to only 25 when compared to June 2018. Now we can take a more in depth look at the over all RAHB area and the numbers that were reported for June 2019. 

RAHB Statistics for June 2019 

It was reported by RAHB that there were a total of 1,203 residential sales for June 2019. With an average price for residential properties increasing by 5.2% from June 2018 to $593, 549. It was also reported by RAHB that the number sales of single family properties within the RAHB area market increased by 11.6% compared to the same time last year. 

"The number of sales and average price is up over June 2018, showing that the market is edging higher since it balanced out last year. Sales have dropped compared to May and April of this year, but paired with a decrease of about 4% in the number of new listings this could indicate the market is tightening." - RAHB President Bob Van de Vrande 

For More Information About These Statistics 

If you’re looking for more in-depth statistics and additional metrics, please refer to RAHB's Hamilton Real Estate Market Statistics for June 2019. 

Contact a Sales Representative

Are you thinking about making a move and need to help you find the right home? Maybe now is the time to contact one of Judy Marsales sales representativesThey would also be happy to discuss these June 2019 market statistics with you. And also what the next steps are in selling your home. And if you’re wondering what your home is worth, try our What's My Home Worth Calculator. 


Summer Real Estate Thoughts

 Tuesday, July 9, 2019     Judy Marsales      General Real Estate Advice

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The summer is an interesting time in the real estate business. There are a wide range of family and personal dynamics that effect house sales and listing inventory. In Canada, Summer is often a time that we look forward to getting out and spending some time enjoying the great outdoors. Whether that time is spent around our home, camping, or travelling.

The good news is that this time away from our usual busy routine often gives us the opportunity to think about our current place we call home. Whether we are renting or if we currently own and what does tomorrow look like with respect to our home? Now is a good time to think about where you would like to live.

Would you like to purchase your first home or would you like to purchase a larger home or be closer to schools or friends? Would you like to downsize or would you like to consider purchasing a condominium? And where could you live with less work but good quality of life?

The variety of opportunities is great but the key to making a good decision is information. Is it a good time to buy? Is it a good time to sell? What are the benefits or concerns of living in a condominium? Are condominium apartments different then condominium townhouses?

This is where we as experienced real estate salespeople can be very helpful. And reduce the stress by providing you with the latest information to enable a healthy and happy step to the next chapter of your housing needs. Talking to us should always be positive, helpful and encouraging.

Enjoy our wonderful summer season and look forward to the future with as little stress as possible.