News Articles & Blog

Hamilton Real Estate Market Statistics for April 2019

 Tuesday, May 7, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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In the above chart, Residential Market Activity for RAHB Areas, we're able to have an overview of April 2019. The Hamilton Mountain had 177 sales and Hamilton Centre had 121 for the month of April 2019. The spring real estate market in Hamilton is off to a great start. From the Bay to the Escarpment we can see how each area did in terms of total sales for the month. And we can compare it to the same time last year, as well as the average cost of a home in each area. 

average-residential-price-by-district-ham-April-2019

Similarly to the first chart we're able to view each area in Hamilton and the surrounding areas. The Average Residential Price by District map illustrates the number of sales each area had plus the average cost of a home. For example sub areas 15, 17, 20, 23, 28 and 53 had the highest number of sales overall for the month of April. And sub areas 40, 42, 43, 44, 45, 52 and 53 (Waterdown, Flamborough, Glanbrook, Ancaster, Stoney Creek) had the highest average price of a home for the month. This map is a great way to see how the area that you live in did as well.

Table of Hamilton Residential Real Estate Market Statistics for April 2019

The Hamilton Residential Table indicates to us how Hamilton has done. The number of active listings when compared to the same time last year is showing an increase of 42% with 1,506 listings. And the average cost of a home in Hamilton has increased by 3% while the median price has increased by 7% at $504,000. There was a total of 769 sales which means there was an increase of 5% when compared to the same month last year. This is great for Hamilton showing us that the market is strong. 

RAHB Statistics for April 2019  

It was reported by the Real Estate Association of Hamilton Burlington (RAHB) that there were a reported 1,226 residential sales within the RAHB area. And it was reported that there was a 6.3% increase from April last year. There was an 18.8% increase over March 2019 and a 66.8% increase over February 2019. 

We learned that the average price for a residential property has increased by 3.9% from April 2018 to $589,324 for the entire RAHB area. "It's encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017. Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for seller," said RAHB President Bob Van de Vrande.

For more in-depth statistics and additional metrics, please refer to RAHB's April 2019 Hamilton Real Estate Market Activity and HPI Report

Thinking About Moving? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator.


Real Estate Sunshine

 Monday, May 6, 2019     Judy Marsales      General Real Estate Advice

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New listings are popping up like Spring flowers and it is a wonderful sight. And after a gloomy first quarter in 2019 I believe that the market is warming up. I'm pleased to report that today we're experiencing a balanced market. Simply put, this means there's an equal opportunity for sellers and buyers. We also recently had one of our listings showered with offers and it in fact sold over list price.

This property was located in an area that has seen few listings over the past year and the superior location was recognized by the marketplace. This is a signal that consumers continue to benefit from a professional opinion on the best way to market a home when you’re considering selling. 

Planning to buy will require a well informed buyer equipped with both market knowledge and best practice strategies. In today’s world Google has a wealth of knowledge and information to share. However, there are often small details which can make an impactful difference that can only be obtained from a seasoned and knowledgeable salesperson.

The guidance that is offered by our sales representatives can make a significant difference in the outcome of your transaction. As the demographic shift continues and the market bounces around get the best advise possible when you are buying or selling. We're here to support all your real estate needs.

 

Call us, email us, or visit our open houses and introduce yourself. As we like to say, “Knowledge is Power – Use our Knowledge to Empower your real estate Decisions”.


Hamilton Real Estate Market Statistics for March 2019

 Wednesday, April 3, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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In the chart above, Residential Market Activity, we can see that the hot areas in Hamilton remain the same as they did last month. Those areas are Hamilton Mountain with 154 sales and Stoney Creek with 104 sales. Other areas to note are Hamilton East with 89 sales and Hamilton Centre with 83 sales for March 2019. You are also able to compare each area with March 2018 and see how they have increased or decreased. 

average-price-by-district-march-2019-ham

The above map, Average Residential Price by District, we get a great overview of Hamilton. We can see the average price of a property in each area. From the Bay to the Escarpment we can see that March 2019 was a strong (sub areas 16, 18, 20, 42, 53). And we can see that Flamborough and Ancaster remain the areas with the highest costing properties (sub areas 40, 42, 43, 44, 45). 

hamilton-residential-table-march-2019

Finally we have the Hamilton Residential Table, indicating to us that Hamilton has done very well for the month of March 2019. New listings increased by 4% with a total of 1,108 new listings. The average days a property was on the market was 17 days, only a small increase compared to the same time last year. And the average cost of a property was $519,309 a 6% increase from the same time last year. There was also a total of 649 sales, this was only slightly less than March 2018 with a difference of only 2%

RAHB Statistics for Hamilton

In March 2019 there was only a 1% drop and a 40% increase over February 2019. And there was a 74% increase over January 2019. We saw the average cost of a home increase by 4% to $575,099 from March 2018.

“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market. We experienced a 2% increase in the number of listings over last year, which means more overall choice for buyers.” - RAHB CEO George O’Neill

For more in-depth statistics and additional metrics, please refer to RAHB's March 2019 Hamilton Real Estate Market Activity and HPI Report

Are you considering selling your home? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator.


Hamilton Real Estate Market Statistics for February 2019

 Wednesday, March 6, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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Let's take a look at the above chart, Residential Market Activity for RAHB Areas, and look at how Hamilton did during February 2019. Once again the Hamilton Mountain is the hottest area with a total of 115 sales, 17 more than February 2018. And Stoney Creek comes in at second place with a total of 70 sales for the month, another increase from the same time last year.

average-price-by-district-ham-feb2019 

When we look at the map, Average Residential Price by District, it becomes clear which areas had the highest number of sales. And we are able to see the average price in each area. The area with the highest number of sales for February 2019 was from the Bay to the Escarpment (sub areas 16, 17, 18, 20). And the area with the most expensive homes were in Flamborough (sub areas 40, 43, 44, 45). 

hamilton-residential-table-feb2019

And finally we can take a look at the final chart, Hamilton Residential Table. This chart indicates to us how Hamilton has done overall for the month of February. New listings saw an increase of 9% with 770 sale and the average days on the market saw a decrease by a full day. It's also important to note that the price of a home saw an increase of 3% and was $487,439. 

RAHB Statistics for Hamilton 

There was a reported 735 sales of residential properties located in the RAHB area with a 4% drop from the same time last year. And there was a 24% increase over January 2019 with the average price of a home from February 2018 by 1.9% to $557,135. 

"The trend for the past few months has been that more affordable properties and communities have been seeing gains, but this month the statistics vary regardless of the type of property and location. The numbers can change from one month to the next, and that's why it's best to work with a REALTOR® when buying or selling. They know their communities and have access to comprehensive data throughout the month." - RAHB CEO George O'Neil

For more in-depth statistics and additional metrics, please refer to RAHB's February 2019 Hamilton Real Estate Market Activity and HPI Report

Are you considering selling your home? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator.


Hamilton Real Estate Market Statistics for January 2019

 Wednesday, February 6, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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When we take a look at the above chart, Residential Market Activity for RAHB Areas, we can clearly see that the hottest area for Hamilton in January 2019 was the Hamilton Mountain with a total of 103 sales. Another area to note would be Hamilton Centre. This area saw a total of 53 sales for the month of January and compared to the same time last year, we can see a clearly see an increase. 

average-residential-price-by-district-ham-jan19

By looking at the above map, Average Residential Price by District, it's clear that the area with the highest costing homes was the Hamilton Beach (area 2). The average cost of a home in that area was $920,000. However we can also clearly see that the hot areas in Hamilton remain from the Bay to the Escarpment. The sub areas being, 20, 51, 42 and 53, all had the highest number of sales. 

hamilton-redidential-table-jan19

And finally we come to the chart, Hamilton Residential Table. By looking at this chart we can compare January 2019 with the same month last year. By comparing them we can see that the number of new listings has increased in January 2019. In that month we saw a total of 809 new listings compared to the same time last year it was 661. The chart also indicates that the average time a home is on the market for the month of January 2019 was 42.3 days. Which is very similar to the same time last year. It's also very clear that the average cost of a home has gone up by 6%. 

There was a reported 593 sales for the month of January located in the RAHB areas. There was also a 3.6% drop from the same time last year. And the average price of a home for the entire area was up by 4.7% to $550,058. 

"This is a promising start to 2019. For sellers, the average price of a home has increased over 100% since 2009. For buyers, sales activity has slowed, the number of new listings has increased, and we are sitting firm in a balanced market. The January numbers have picked up since the downturn we experienced in December." - RAHB CEO George O'Neil. 

For more in-depth statistics and additional metrics, please refer to RAHB's January 2019 Hamilton Real Estate Market Activity and HPI Report

If you've been thinking of selling your home, you can also < a href="https://www.judymarsales.com/contact.aspx" target="_blank" title="Contact a Hamilton Realtor">get in contact with one of our REALTORS, they will be happy to go over the market stats with you and discuss possible next steps.

Are you considering selling your home? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator.