News Articles & Blog

Hamilton Real Estate Market Statistics for December 2019

 Thursday, January 9, 2020     Kirsten McNamee     Real Estate Trends

Featured Photo

The Real Estate Association of Hamilton-Burlington (RAHB) have released their December 2019 real estate statistics. Today we will review and summarize these stats for you. There were a reported 585 sales of residential properties located in the RAHB market area. 

In December 2019 it was reported that sales were up 3.9% over December 2018. However, sales were down when compared to both November and October 2019. It was also reported that the average price for a residential property increased by 7.6% from December 2018 to $581,566. Let's now take a look at the above chart, Residential Market Activity for RAHB Areas

We can see that in the Hamilton area, the Hamilton Mountain once again takes the lead with the highest number of sales with a total of 99 for the month of December 2019. The area also reported an average property price of $528,333 which is an increase when compared to the same time last year. The next notable area that we need to mention that also had a high number of sales was Stoney Creek, with a total of 66 sales of residential properties. And with the average price of a property of $539,885. We can now take a look at the map below and see each area in Hamilton. 

average-residential-price-by-district-dec-2019

The above map, Average Residential Price by District, illustrates the average cost of a residential property in each individual area in Hamilton. It also shows us how many residential properties were sold in December 2019. Areas to note that had the most number of sales were 16, 42, 51 and 53. 

The areas with the highest average price of a residential property were Falmborough and Ancaster. Flamborough's average cost of a property was reported at $839,845. And Ancaster saw an average price of $720,342. Take a look at your area and you can get an idea of what a property sold for. Now we can turn our attention to the chart, Hamilton Residential Table, and get a look at the Hamilton Real Estate Market for December 2019. 

hamilton-residential-table-dec-20192

Finally we can take a look at the Hamilton Residential Table, it becomes clear that Hamilton saw an increase in sales compared to the same time last year. There was an 11% increase with 425 sales of residential properties. And there were a reported 334 new listings, with a 2% decrease from the same time last year. However, there was an 8% increase in the average price of a property to $531,283. 

We can also take note that properties in the Hamilton area in December remained on the market for an average of 35.1 days. That's 6.3 days less than the same time last year. The numbers you see in this report are very common for this time of year, keep reading to learn more about why the market looks this way during December. 

RAHB Statistics for December 2019 

There were 585 sales of residential properties reported in December 2019. With the average cost of a residential property seeing an increase of 7.9% from December 2018 to $581,566. And it was reported that sales were up 3.9% over December 2018. However, when we compared these numbers to November and October 2019 we see a decrease. 

The number of sales for a single family property within the entire RAHB area market saw an increase of 6.8%, with the average sales price increasing by 8.23%. There was also a reported decrease in the number of Townhome sales across the entire RAHB area by 7.6% from December 2018. With the average price of a Townhome seeing an increase of 1.4% to $502,981. Finally it was reported that the Apartment-Style properties saw an increase of 14.8% over the same time last year. With their average price increasing by 10.2%. 

"With the holidays and cold weather, sales tend to dip in December when compared to the previous months. It's a trend we see almost every year. A decrease in new listings and an increase in sales can equal less inventory on the market. With increased competition for the properties available, this looks to be an opportune time to sell your property." - RAHB President Kathy Della-Nebbia. 

For More Information About These Statistics 

If you are looking for a more in-depth matrix of these statistics, please refer to RAHB's Hamilton Real Estate Statistics for December 2019

Contact a Sales Representative at Judy Marsales 

If you have any questions or if you want to contact one of our sale representatives you can do so now or later, whatever work best. They will be happy to answer your questions and they would be happy to go over these statistics with you. And if you've been wondering what your home is worth, give our What's My Home Worth calculator a try now. 


Hamilton Real Estate Market Statistics for November 2019

 Friday, December 6, 2019     Kirsten McNamee     Real Estate Trends

Featured Photo

The Real Estate Association of Burlington and Hamilton (RAHB) has released their November 2019 Market Statistics. In this article we'll review and summarize those statistics. We can see how the Hamilton and surrounding areas did for November 2019. There were a reported 955 sales of residential properties located in the RAHB market area. 

November sales were down from October and September, however they're up from November 2018 by 5.5%. And the average price for residential properties saw an increase of 5.6% from November 2018 to $591,344. We can now take a look at the above chart, Residential Market Activity for RAHB Areas

In the Hamilton area we can see that once again the Hamilton Mountain had 152 sales, the most reported sales in Hamilton. And with an average sale price of $506,704, an increase from November 2018. Hamilton Centre also saw an increase in sales with 91 residential properties sold, with an average sale price of $402,147. 

Finally we can take a look at the Ancaster area which had a total of 45 sales and an average price of $720,342. The highest costing properties reported for the month of November 2019. Let's now turn our attention to the map below where we can see an overview of each area. This map will also illustrate the number of sales and the average cost of a property in each area in Hamilton. 

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

The above map, Average Residential Price by District, illustrates the average cost of a residential property in each area. The map also let's us see how many sales there were. Sub areas that had the highest number of sales for November 2019 were 16, 17, 20, 23, 42, 51 and 53. 

Areas that reported the highest average price of a property were Ancaster, Flamborough and Waterdown. Ancaster had an average property selling for $720,342, Flamborough was reported at $702,132 and Waterdown had an average property going for $693,934. What area do you live in? Take a look at the map and see what the average price was for November 2019. 

hamilton-residential-table-november-2019

Finally we'll take a look at the above chart, Hamilton Residential Table. When we look at the chart it becomes clear that there were a reported 643 sales of residential properties in the Hamilton area. That's a 12% increase compared to the same month last year. And with 1,138 active new listings, a 7% decrease from November 2018. 

The average listing price was reported at $535,944, a 6% increase from November 2018 and a reported 713 new listings. We can also take note that properties in the Hamilton area remained on the market for an average of 30.9 days. That's 5 days less than the same time last year. These numbers have been great to review and now lets discuss a bit more about the entire RAHB area and recap some of the statistics we've reviewed today. 

RAHB Statistics for November 2019 

There were 955 sales of residential properties reported for the month of November 2019 in the RAHB market area. The average cost of a residential property increased by 5.6% from November 2018 to $591,344. And we saw that sales were down from October and September but that there was also an increase of 5.5% from November 2018.

And the number of single family properties within the entire RAHB area increased by 8.6%. Townhouse sales also increased by 2.9% from the same time last year. And the cost of a Townhouse increased by 6.8% to $574,488. Finally Apartment-Style properties saw a decrease by 9.3% from November 2018. However, Apartment-Style properties saw an increase in their average price by 23.2%. 

"As we near the end of the fall market for 2019, the number of sales and average price within the RAHB market area are down from the previous month, but up from November last year. This decrease in listings and higher ratio of solds to listings indicate that the market is currently an opportune time for sellers to consider listing" - RAHB President Bob Van de Vrande. 

For More Information About These Statistics 

If you are looking for a more in-depth matrix of these statistics, please refer to RAHB's Hamilton Real Estate Statistics for November 2019

Contact a Sales Representative at Judy Marsales 

Do you have any questions or if you want to contact one of our sales representatives, they're waiting for your call or email. They would be happy to go over these statistics with you and also work with you to find the home, townhouse or condo you've been looking for. And if you've been wondering what your home is worth, give our What's My Home Worth calculator a try. 


Hamilton Real Estate Market Statistics for October 2019

 Friday, November 8, 2019     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

The October 2019 Real Estate Market Statistics was released and they were provided by the REALTORs Association of Hamilton Burlington (RAHB). There were a reported 1,145 sales of residential homes. October sales were up from September and August and 6.4% from October 2018. It was also reported that the sale of a residential property increased by 7.1% from October 2018 to $602,029. 

We can now turn our attention to the above chart, Residential Market Activity for RAHB Areas. The Hamilton Mountain once again reported the most sales for the month. With 198 sales of residential properties and an increased average price of $514,152. Another area that's important to mention is Hamilton Centre with 118 sales with an average property costing $398,287.

Finally we should mention the areas of Stoney Creek and Hamilton East, each having a reported 92 sales of residential properties respectively. Hamilton East had an average sale price of $414,671 and Stoney Creek had an average sale price of $553,039. We can take a look at the map below and see an overview of each area and note the number of sales and the average cost of a property. 

Average Residential Price by District Oct 2019

The above map, Average Residential Price by District, illustrates each area in Hamilton and what the average cost of a property was for October 2019. The map also indicates how many sales there were in each area for the month. Sub areas, 16, 17, 18, 42 and 51 had the highest number of reported sales for October 2019. 

Areas with the highest costing properties were Ancaster,Stoney Creek and Flamborough. Stoney Creek (sub area 52) came in first place with the average residential properties selling for $985,000. We can now turn our attention to the chart below to the Hamilton Residential Table.

Hamilton Residential Table Oct 2019

Let's take a look at the above chart, Hamilton Residential Table. We can see how it has broken down the month of October for us so that we can clearly see how the overall Hamilton Residential market performed. There were a reported 752 sales of residential properties in the Hamilton Real Estate Market for October 2019. 

With the average listing price having increased by 9% to $544,980 and a reported 1,086 new listings. There was only was a 5% decrease in the number of new listings compared to the same month last year. And we can take note that properties on the market for an average of 30.1 which is a 0.8% decreased over October 2018. 

RAHB Statistics for October 2019

There were a reported 1,145 sales of residential properties in the RAHB market area. And we saw a 7.1% increase in the listing price of a property from October 2018 to $602,029. October was a great month for sellers but left buyers with less choice. 

"The RAHB market area experienced more activity in October with an increase in the number of sales from last month, as well as from the previous year, which is good news for sellers. The number of new listings dropped by 8% compared to October 2018, and nearly 12% since last month, so there was less choice for buyers." - 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 Statistics for October 2019

Contact a Sales Representative at Judy Marsales Real Estate 

If you have any questions about the statistics we reviewed today please feel free to contact one of our sales representatives today. And if you've been wondering what you house is worth, give our What's My Home Worth calculator a try. And we're looking forward to reviewing and summarizing the November 2019 statistics next month for your convenience.


Hamilton Real Estate Market Statistics for September 2019

 Friday, October 11, 2019     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

The statistics for the September 2019 real estate market are in. They were provided by the REALTORs Association of Hamilton Burlington (RAHB). There were a recorded 1,020 sales of residential properties. September sales are down from August and July, however, they're up over September 2018 by 3.2%. And the average price of a residential property increased by 8.5% from September 2018 to $609,562. 

Let's now turn our attention to the chart above, Residential Market Activity for RAHB Areas. We can see that the Hamilton Mountain had a total of 168 sales with an average property selling for $494,816. This area had the highest number of sales for the month of September. 

The area coming in at second place for the highest number of sales was Stoney Creek with a total of 110 sales and an average price of a was $629,272. It should also be noted that the area with the highest costing properties were in Ancaster with an average property listed for $820,318. We can take a look at the map below and see an overview of each area and note the number of sales and the average cost of a property. 

average-residential-price-by-district-sept-2019

The above map, Average Residential Price by District, illustrates each area in Hamilton. We can clearly see each area and the number of sales and their average property cost for September 2019. It should be mentioned that sub areas, 17, 41, 42, 50, 51 and 53 had the highest number of sales for the month. 

We can also see that the areas with the highest average cost of a property were Ancaster, Flamborough and Glanbrook. For example, we saw the average cost of a property in Ancaster reported at $820,310. Next we'll turn our attention to the chart below to the Hamilton Residential Table.

hamilton-residential-table-sept-2019

By looking at the chart above, Hamilton Residential Table, we can see how the Hamilton real estate market was for September 2019. The chart breaks the numbers down for us so that we can have an even better understanding. There were a reported 655 sales for the month of September 2019. That's a 10% increase compared to the same time last year. 

The average listing price of a property increase to $554,784 which was a 10% increase from September 2018. And there were a reported 1,196 new listings recorded for the entire month with the average 28.9 days on the market. 

RAHB Statistics for September 2019

For the month of September 2019 there were a reported 1,020 sales of residential properties for the entire RAHB area. September sales are down from August and July but up from September 2018 by 3.2%. 

"With an increase in the number of homes currently available, and a more relaxed pace in the market, this may be an ideal opportunity for buyers to purchase their dream home. Average sale prices were up from September 2018 in all four of RAHB’s major communities, yet property activity varied when we look at the smaller individual communities. This is why working with a local REALTOR® is so important – we have the data, resources and first-hand knowledge of the communities in which we live and work.” - 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 Statistics for September 2019. 

Contact a Sales Representative at Judy Marsales Real Estate

Now that we've reviewed the September statistics for 2019 you might have some questions. Contact one of our sales representatives today and they'll be happy to answer any questions. 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 August 2019

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

Featured Photo

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.