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Hamilton Real Estate Market Statistics for October 2019

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

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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

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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

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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