News Articles & Blog

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.


Hamilton Real Estate Market Statistics for May 2019

 Wednesday, June 5, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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By reviewing the above chart, Residential Market Activity for RAHB Areas, we can clearly see that Hamilton Mountain was the leader this month in terms of sales with a total of 229. Stoney Creek was in second place with a total of 125 and Hamilton Centre with 119.

This chart helps us to better understand the May market with regards to the number of sales and the average sale price of a property according to the area. Flamborough had the highest costing properties with an average property going for $930,877. 

The Average Residential Price by District May 2019

Take a look at the above map, The Average Residential Price by District, it clearly illustrates the average price of a residential property in Hamilton and the surrounding areas. The top 4 areas with the highest costing properties were Flamborough, Ancaster, Watertown and Dundas.

The map also indicates to us what area had the most residential properties that were sold for the month. And for the month of May those areas were 16, 42, 51 and 53.

Hamilton Residential Table May 2019

The chart above, Hamilton Residential Table, indicates that the number of new listings when compared to the same time last year has continued to be steady at 1,430. And the average price of a home has increased by 6% to 549,891. While the average days a property is on the market holds steady and remains the same at 25 days, when compared to the same time last year.

RAHB Statistics for May 2019

There was a reported 1,344 sales of residential properties located in the RAHB market area. We also saw a 10.9% increase from May 2018 and a 9.6% increase over April 2019. It was also clear that there was an increase of 30.2% from March 2019. The average price of a property increased by 0.9% from May 2018 to $593,702.

“The number of sales increased double digest over last year and the number of new listings decreased by 5.2%, indicating that we are in the thick of a busy spring market for sellers. And prices only increasing an average of 0.9% over last year means buyers haven’t watched prices soar while they find the perfect home.” - 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 May 2019 .

Contact a Sales Representative

Have you been thinking about moving? Maybe now is the time to contact one of our Sales Representatives. They would be happy to discuss not only these May 2019 market statistics but also next steps in selling your home. And if you’re wondering what your home is worth, please try our What's My Home Worth calculator. We look forward to working with you in the future. 


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”.