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Hamilton Real Estate Market Statistics for March 2021

 Thursday, April 8, 2021     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020.

When it came to new listings, there was an increase of 65 per cent compared to the pervious month, and up 53 per cent compared to the same time last year. It was also reported that he average price of a residential property for the entire RAHB area was $872,368, which is a 32 per cent increase compared to the same time last year.

The above chart, Residential Market Activity, shows us how each neighbourhood in Hamilton did in terms of sales and average price, plus much more. The area that had the highest number of sales for March 2021 was the Hamilton Mountain, with a total of 293 sales of residential properties. The Hamilton Mountain had an average property price of $737,114, a significant increase compared to the same time last year. The area with the highest average property price was Flamborough at $1,348,714, with a total of 37 sales. Let’s now turn our attention to the map below and get a closer look at each area within Hamilton.

average-residential-price-by-district-march-2021

Average Price by District

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 18, 42, 46, 51 and 53.

Ancaster, located in area 42, had the highest number of sales with 100 for the month of March 2021. It was reported that in this area the average cost of a residential property was $1,142,559. Flaborough once again had the highest average price, it was $1,348,714 with a total of 37 sales for the month of March 2021. We can now take a look at the final chart the HamiltonResidential Table.

hamilton-residential-table-march-2021

Hamilton Residential Table

The final chart, Hamilton Residential Table, let’s us take an even closer look at the overall statistics for Hamilton. There were a reported 1,302 sales of residential properties in the Hamilton area, that’s a 74 per cent increase compared to the same time last year. The average cost of a property was $804,223, which is a 32 per cent increase compared to March 2020. The average days a property was on the market was 12 days, that’s 10 days less than the same time last year.

REALTORS® Association of Hamilton-Burlington March 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020. When it came to new listings there was an increase fo 65 per cent, with the average price of a residential property of $872,368.

When it came to the number of sales of detached single family homes, RAHB reported an increase of 74 per cent compared to the same time last year. Townhomes saw an increase in sales as well with an increase of 74 per cent, and an average sale price of $734, 970. Apartment-style properties sae an increase of 68 per cent in sales and an average price of $519,586,

“The RAHB market area was close to record-breaking activity with a 63 per cent increase in sales, a 65 per cent increase in new listings and an overall increase in inventory by 27 per cent since last month. With the spring housing market upon us and the vaccine rollout ramping up, it appears more homeowners are feeling comfortable listing their home and we have started to observe an upturn of active listings. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing March 2021 to March 2020.” - RAHB President Donna Bacher.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to to the Hamilton Real Estate Statistics for March 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these November 2020 real estate statistics? Please feel free to contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.


Hamilton Real Estate Market Statistics for February 2021

 Wednesday, March 10, 2021     unknown   

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,271 sales of residential properties in February 2021. Sales were reported to be up by 54 per cent compared to the previous month, and there was an increase of 14.9 per cent from February 2020.

When it came to new listings, there was an increase of 61.9 per cent compared to January 2021 and up 12.2 per cent compared to the same time last year. It was reported that the average price of a residential property had an increase of 7.7 per cent to $848,719, and up 29.5 per cent from February 2020.

The above chart, Residential Market Activity, shows us how neighbourhoods in Hamilton and the surrounding areas did when it came to the real estate market in February 2021. The area that had the highest number of sales was the Hamilton Mountain, with a total of 162 sales and an average price of $732,563.

When it came to the area that had the hight average property price, it was Flamborough. The average property price in this area was reported to be $1,383,625. Ancaster also had a high average price of $1,069,055. Let’s now take a look at the below map, Average Residential Price by District.

average-residental-price-by-district-feb-2021

Average Residential Price by District

The above map, Average Price by District, illustrates each neighbourhood in Hamilton. The areas that we need to take note of for February, that had the highest number of sales, were; 42, 50, 51 and 53.

The area that had the highest average residential sale price was Flamborough and it was $1,383,625. The area that had the highest number of sales was the Hamilton Mountain, with an average property price of $732,563 and a total of 162 sales. We can now take a look a the final chart, Hamilton Residential Table and learn more about Hamilton’s February real estate market statistics.

hamilton-residential-table-feb-2021

Hamilton Residential Table

The final chart we will review today is the, Hamilton Residential Table. This table helps us to break down the overall numbers for Hamilton. There were a reported 1,271 sales within the entire RAHB market area, which is a 54 per cent increase compared to January 2021. There were also a reported 745 sales within the Hamilton area.

The average price of a residential property in Hamilton was reported to be $769,724, which is a 30 per cent increase compared to the same time last year. The average days a property was on the market was 13.3 days.

REALTORS® Association of Hamilton-Burlington February 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 1,271 sales within the entire RAHB market area. Sales were reported to be up by 54 per cent from the perilous month, and up 14.9 per cent compared to the same time last year. When it came to new listings, there was an increase of 61.9 per cent from January 2021 and up 12.2 per cent compared to February 2021.

The number of sales of single family properties saw an increase of 14.9 per cent with new listing seeing an increase of 7.5 per cent. The average cost of a single family property was $848,719. Townhomes saw an 11.9 per cent increase in sales in February 2021 and an average property price of $730,078. When it came to apartment-style properties, there was an increase of 31 per cent in sales and the average price was $515,217.

“In the RAHB market area, we saw an above average increase of 7.7 per cent in the average price of a home month over month. There are several pandemic related factors which have contributed to the high demand for housing combined with the low supply levels we have experienced in our market area. The good news is the number of new listings broke a 10-year record for February and our active listings increased by 28 per cent from January 2021. As we recover from these ultra low inventory numbers, buyers should start to see more selection and a bit less competition. Additionally, new listing numbers should stay strong and inventory levels should continue to increase to a more normal level as more of the RAHB market area moves out of lockdown and control zones.” - RAHB President Donna Bacher.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to to the Hamilton Real Estate Statistics for February 2021.

Contacts a Sales Representative at Judy Marsales

Do you have any questions about these November 2020 real estate statistics? You can contact one of our sales representatives at one of our three locations. If you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.


Hamilton Real Estate Market Statistics for January 2021

 Tuesday, February 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 825 sales of residential properties in January 2021. It was also reported that sales were down 9.6 per cent over the last month and 6.9 per cent compared to the same time last year. When it came to new listings, there was an increase of 47.3 per cent over December 2020. New listings were down 16.2 per cent over January 2020. The average price of a residential property was reported to be $787,840 which is an increase of 7.9 per cent when compared to December 2020.

The above chart, Residential Market Activity, shows us what neighbourhoods in the Hamilton and surrounding area had the highest number of sales and the average price of a property. The Hamilton Mountain once again had the most number of residential sales with a total of 98 sales and an average price of $701,032.

When it came to the area with the highest average cost of a residential property it was Flamborough, with an average price of $1,404,100 and Ancaster with an average price of $1,107,460. We can now take a look at the map below and get an even better view of the Hamilton area.

average-residential-price-by-district-jan-21

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each neighbourhood within the Hamilton and surrounding areas. The areas we should take note of for January 2021, that had they highest number of sales are; 16, 42, 46, 51 and 53.

The area that had the highest average residential property price was Flamborough and it was $1,404,100. Coming in a second place, Ancaster had an average property price of $1,107,460. The area that had the highest number of sales was area 51, located within Stoney Creek. The final chart we’re going to review today is the Hamilton Residential Table.

hamilton-residential-table--jan-21

Hamilton Residential Table

Our final chart to review is the above chart, Hamilton Residential Table, and when we review this chart we can better understand the January 2021 statistics. This table helps break down the overall numbers for Hamilton. There were a reported 486 sales in the Hamilton area, that’s a 4 per cent decrease compared to the same time last year, with a total of 825 sales within the entire RAHB market area.

The average price of a residential property was reported to be $722,628, that’s a 29 per cent increase over January 2020. The average days that a property was on the market was only 8 days, that’s 10 days less than the same time last year.

REALTORS® Association of Hamilton-Burlington January 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 825 sales within the entire RAHB market area. Sales were reported to be down by 9.6 per cent when compared to the same time last year. When it came to new listings, there was an increase of 47.3 per cent over December 2020, but down 16.2 per cent over January 2020.

When it came to the sale of single family properties there was a decrease in January 2021 by 6.9 per cent compared to the same time last year. It was reported that new listings were down 16.2 per cent, and the average sale price increased by 23.4 per cent to $787,840 from January 2020.

Townhouses also saw a decrease in sales activity and new listings seeing an increase of 2.2 per cent and 3.3 per cent. The average price of a townhouse increased by 28.8 per cent to $664,958. When it came to apartment-style properties, sales increased by 64.7 per cent from the same time last year, and when it came to the average cost of an apartment-style property there was an 11 per cent increase to $475,796.

“In the RAHB market area, we saw an increase in sales activity last month, compared to January 2020, despite a decline in new listings. Our sales to listings ratio of 81.6 per cent, second only to January 2017, tells us that the RAHB market area is firmly in a seller’s market. This year’s decline in new listings builds off the back of the pre-pandemic drop in new listings and inventory levels we experienced in January 2020. In addition, now many homeowners may not be interested in or even able to move their households due to the pandemic, adding to our inventory woes.” - RAHB President Donna Bacher

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to to the Hamilton Real Estate Statistics for January 2021.

Contacts a Sales Representative at Judy Marsales

Do you have any questions about these November 2020 real estate statistics? You can contact one of our sales representatives at one of our three locations. If you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.


Hamilton Real Estate Market Statistics for December 2020

 Monday, January 11, 2021     Kirsten McNamee     Real Estate Trends

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Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 913 sales of residential properties in December 2020. It was also reported that sales were down 24 per cent when compared to the same time last year. When it came to new listings it was reported that there was a decrease of 47.9 per cent when compared to November 2020. However, there was an increase of 34 per cent when compared to December 2019. The average price of a residential property was up by 1 per cent from last month and up 25.4 per cent over December 2019. The average price of a property in December 2020 was $729,853.

The above chart, Residential Market Activity, shows us what neighbourhoods in the Hamilton and surrounding area had the highest number of sales, and what their average property price was. The Hamilton Mountain had a total of 116 sales, making it the area with the highest number of sales. The average price of a residential property on the Mountain was $644,764.

When it came to the area with the highest average cost of a residential property, it’s once again Flamborough, with a total of 15 sales and an average price of $1,079,500. Let’s now turn our attention to the below map, Average Residential Price by District.

average-price-by-district-december-2020

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each area in Hamilton, showing us the average price plus the amount of sales. Areas that we should take note of for December 2020, that had the highest number of sales were; 17, 42, 51 and 53.

Flamborough was once again the area that had the highest average residential property price, as mentioned in the section above. The average cost of a residential property in this area was $1,079,500 and it had a total of 15 sales. The area that had the highest number of sales in December 2020 was area 51, located in Stoney Creek. Now it’s time to take a look at our final chart, Hamilton Residential Table.

hamilton-residential-table-dec-2020

Hamilton Residential Table

Finally we can take review the Hamilton Residential Table and learn more about the statistics for the Hamilton area. This table breaks down the overall number for Hamilton’s December 2020 statistics. It was reported that there were a total of 577 sales of residential properties, a 30 per cent increase over December 2019 and a total of 913 sales in the entire RAHB market area.

The average price of a residential property in December 2020 was $661,783, which is a 15 per cent increase compared to the same time last year. It was also reported that the average days a property was on the market was 11.5 days, this is a 13.5 day decrease compared to the same time last year.

REALTORS® Association of Hamilton-Burlington December 2020 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 913 sales in the entire RAHB market area in December 2020. That’s a decrease of 26 per cent when compared to sales last month, and an increase of 41.6 per cent when compared to the same time last year.

The number of listings saw a decrease of 47.9 per cent over November 2020 and the average price of a residential property was $729,853. This is a 1 per cent increase over last month and a 25.4 per cent increase over December 2019.

When it came to the sale of single family properties there was a 37.8 per cent increase in December 2020. It was also reported that the number of new listings was up by 34 per cent over the previous year and the average price saw an increase of 29.3 per cent to $829,226. Townhouses also saw an increase of 52.8 per cent in sales activity and new listings seeing an increase of 48.7 per cent. The average sale price of a townhouse increase by 23.3 per cent to $615, 775. Finally, apartment-style properties had a 43 per cent increase in sales from the same time last year, and new listings increased by 44.5 per cent. The acreage cost of an apartment-style property saw a 9.7 per cent increase to $475,330.

“We can see that the market has slowed from November, which is normal due to the holiday season, as well as increasing COVID-19 cases throughout the province, and more regions in Ontario placed into lockdown throughout December. Despite being in either the Red Zone (Control) or Grey Zone (Lockdown) throughout December, we do not see the effects on the number of sales and new listings that we did in the spring lockdown. This activity could be the result of continued low interest rates, coupled with increasing consumer confidence due to the approval of the COVID-19 vaccine in Canada.” Says RAHB President Donna Bacher.

For More Information About These Statistics

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

Contacts a Sales Representative at Judy Marsales

Have questions about these November 2020 real estate statistics? You can contact one of our sales representatives at of our three locations. If you've ever wondered what your home is worth, now you can find out by trying out What's My Home Worth calculator.


Hamilton Real Estate Market Statistics for November 2020

 Friday, December 4, 2020     Kirsten McNamee   

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) has reported 1,233 sales of residential properties in November 2020. Sales were down by 24.12 per cent over the last month, and up 17 per cent compared to the same time last year.

New listings in November 2020 were reported to be down by 28.98 per cent over October 2020, and up 16.3 per cent over last November. The average property price was reported to be $722,317, which is a 0.11 per cent increase from last month, and up 21.2 per cent from November 2019.

The above chart, Residential Market Activity, shows us what neighbourhoods in Hamilton and the surrounding areas had the highest number of sales, and their average property price. The Hamilton Mountain had 182 sales in November 2020, this is the highest number of sales in the Hamilton area. The average property price in this area was reported to be $603,025. The area that had the highest average sale price was Flamborough, it was $977,048. Let’s now turn our attention to the below map, Average Residential Price by District, and get a better look at each area in Hamilton and how many sales they had, plus the average price of a property.

average-residential-price-by-district-november-2019

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each area in Hamilton and the surrounding areas. We can get a look at how many properties were sold and what their average property price was. Areas to take note of that had the highest number of sales were; 16, 17, 42 and 51,

Flamborough had the highest average property price of, $977,048m with a total of 21 sales in November 2020. We can now look at the final chart below, Hamilton Residential Table, and learn more about the sales activity for November 2020.

hamilton-residential-table-november-2020

Hamilton Residential Table

Finally, we can take a look at the above chart, Hamilton Residential Table. This table breaks down all the overall numbers for Hamilton’s November real estate market statistics. There were a reported 1,233 sales of residential properties within the RAHB market area, with a total of 779 sales in Hamilton. This is a 16 per cent decrease when compared to the same time last year.

The average price of a residential property for November 2020 in Hamilton was $651,744, a 21 per cent decrease compared to November 2019. It was also reported that the average days a property remained on the market was 17.2 days, this is a decease when compared to the same time last year.

REALTORS® Association of Hamilton-Burlington November 2020 Statistics

The REALTORS Association of Hamilton-Burlington reported a decrease of 24.12 per cent in sales for November 2020. The number of sales of family homes in the entire RAHB area had a 3.8 per cent decrease over the same time last year. The number of listing were also reported to be down, with a decrease of 10. 5 per cent, and the average sale price saw an increase of 24.4 per cent to $812,912.

When it came to the sale of townhouses, there was an increase of 15.2 per cent. New listings of townhouses were up by 19 per cent, with an average sale price seeing an increase of 17.6 per cent to $606,394. Apartment-style properties had an increase in sales by 14 per cent when compared to the same time last year. Wth new listings seeing an increase of 37.3 per cent, and the average sale price also having an increase of 1.4 per cent to $453,238.

“What we can initially see is that the market has slowed from last month, and this is due to the colder weather, the COVID-19 cases increasing throughout the province, and Hamilton/Burlington moving to Red Zone as of November 16 where open houses are now banned. An extremely low number of active listings at the end of each month is continuing to drive average prices higher. It’s a vicious cycle of sellers not listing their homes until they are confident they will find another home to buy.” - 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 to the Hamilton Real Estate Statistics for November 2020.

Contacts a Sales Representative at Judy Marsales

Have questions about these November 2020 real estate statistics? Please contact a sales representatives at one of Judy Marsales three locations today. If you're wondering what you home is worth, try out our What's My Home Worth calculator.