Information and updates about the Greater Hamilton Area Real Estate market conditions

Hamilton Real Estate Market Statistics for October 2021

 Thursday, November 4, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,329 sales of residential properties within the RAHB market area for October 2021. Sales saw an increase of eight per cent when compared to the previous month, however, sales saw a decrease of 18 per cent compared to the same time last year.

When it came to new listings within the RAHB market area, there was a nine per cent decrease since the previous month. New listings were reported to be down 23 per cent when compared to October 2020. It was also reported that the average price of a residential property was $922,297, this was a five per cent increase compared to September 2021.

In the above chart, Residential Market Activity, we can see that the area with the greatest number of sales was the Hamilton Mountain. With a total of 198 sales and an average residential property price of $801,425.

The chart also shows us the area that had the highest price of a average residential property, which was Ancaster. The cost of a home in Ancaster was $1,319,953 and had a total of 81 sales, a slight decrease when compared to the same time last year. Let’s take a closer look at each neighbourhood in Hamilton with the Average Price by District map below.

average-residential-price-by-district-october-2021

Average Price by District

The above map, Average Price by District, illustrates to us how each area neighbourhood in Hamilton and the surrounding areas did in October 2021. This is in terms of the number of sales for the month and the average cost of a residential property. The sub areas that had the greatest number of sales were; 16, 17, 42, 51 and 53.

We can also see that Ancaster had the highest average residential property price for October 2021, $1,319,953. Ancaster had a total of 81 sales, which is a slight decrease when compared to the same time last year.

The above map shows us what areas had the greatest number of sales, for October 2021. We can see that Ancaster and area 51 had the most number of sales. As we mentioned above, Ancaster had a total of 81 sales and area 51 also had a total of 81, and an average property price of $1,006,473. We should also note that area 51 is located in Stoney Creek. Let's can now take a look at the final chart below and learn more about Hamilton’s real estate statistics for October 2021.

hamilton-residential-table-oct-2021

Hamilton Residential Table

In our final chart, Hamilton Residential Table, we will review the overall real estate statistics for October 2021. It was reported that in Hamilton the average residential property price was $864,474, that’s a 30 per cent increase compared to the same time last year.

When it came to the sales activity, there were a total of 807 sales in October 2021, that’s an 18 per cent decrease compared to the same time last year. There were a total of 875 new listings, which is a 22 per cent decrease compared to October 2020. Finally it was reported that the median residential property price was $780,000, a 24 per cent increase compared to the same time last year.

REALTORS® Association of Hamilton-Burlington October 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,329 sales for October 2021. There was an eight per cent increase in sales when compared to September 2021 and an 18 per cent decrease when compared to October 2020. It was also reported that the average price of a residential property was $922,297.

It was reported that single family detached properties are continuing to be the most competitive type. With the average price of a detached property reaching a new record of $1,000,000, this was reported right across the RAHB market area.

Townhouses in the RAHB market area had an eight per cent increase in sales when compared to September 2021. New listings for townhouse were reported to be down seven per cent with an average property price of $756,684.

When it came to the sale of apartment-style properties there was decrease of one per cent, with new listings seeing an 11 per cent decrease compared to last month. The average price of an apartment-style property was $600,912, a four per cent decrease when compared to the previous month.

“Following September’s momentum, October posted a new average sale price record for residential properties. The number of sales are down significantly from last October’s highs and up slightly from the typical activity we usually experience in October. The level of active listings and months of inventory available remains concerning as demand continues to drive the market. We do not anticipate this to change as 2021 comes to a close.” - 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 the Hamilton Real Estate Statistics for October 2021.

Contact a Sale Representative at Judy Marsales

If you have any questions and would like to contact one of our sales representatives to learn more about the October 2021 real estate statistics, they would be happy to help. Have you ever been curious about what you home is worth? You can try our What’s My Home Worth calculator. All of us at Judy Marslaes are looking forward to meeting you soon!


Hamilton Real Estate Market Statistics for September 2021

 Tuesday, October 5, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,226 sales of residential properties within the RAHB market area for September 2021. When it came to sales, there was a two per cent increase when compared to the previous month. However, sales saw a 30 per cent decrease when compared to September 2020.

New listings within the entire RAHB market area had a 14 per cent increase since the previous month, but a 26 per cent decrease from the same time last year. It was also reported that the average residential property price was $881,656, this is a five per cent increase from August 2021 and a 22 per cent increase when compared to September 2020.

The above chart, Residential Market Activity, shows us how the Hamilton and surrounding areas did in terms of sales and the average property price for September 2021. It also compares these numbers with the same time last year. This way we are able to get a look at what areas had increases or decreases.

It was reported that the area that had the greatest number of sales for September 2021 was the Hamilton Mountain. With a total of 191 sales and an average residential property price of $784,667. This is a significant increase when compared to the same time last year.

The area that had the highest average residential property price was Flamborough. Here the average price of a residential property was $1,222,475. Flamborough also reported a total of 24 sales for September 2021, a decrease of 8.4 per cent when compared to the same time last year. To get a closer look at each neighbourhood in Hamilton we can take a look at the below map.

average-price-by-district-september-2021

Average Price by District

The above map, Average Price by District, illustrates to us how each neighbourhood within the Hamilton and surrounding areas did in September 2021. The sub areas to take note of were; 16, 17, 23, 42 and 51. Each of these sub areas had the greatest number of residential property sales for September.

It’s also clear on this map that Flamborough once again had the highest average residential property price, which was reported to be $1,222,475. The Hamilton Mountain had the greatest number of sales with a total of 191 sales. The sub area that reported the greatest number of sales was area 51, which is located in Stoney Creek, with a total of 67 sales. The average property price in this sub area was reported to be $809,269. We can now take a look at the final chart below and learn more about Hamilton’s real estate statistics for September 2021.

hamilton-residential-table-sept-2021

Hamilton Residential Table

The final chart we’ll review is the, Hamilton Residential Table, it allows us to see the overall real estate statistics for September 2021. In Hamilton it was reported that there were a total of 737 sales of residential properties. This is a 30 per cent decrease when compared to the same time last year.

There was a 20 per cent increase when it came to the average residential property price to $796,611. While the median residential property price had a 21 per cent increase to $745,000. It was also reported that there was a total of 940 new listings, this was a 25 decrease when compared to the same time last year.

REALTORS® Association of Hamilton-Burlington September 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,226 sales for September 2021. When it came to sale, it was reported to be down 30 per cent when compared to September 2020, and were also reported to be down two per cent when compared to the previous month. The average price of a residential property was reported to be $881,656, an increase of five per cent from the previous month and 22 per cent compared to the same time last year.

When we look at the numbers concerning detached homes the RAHB area, we saw a bit of an increase when it came to the number of new listings when compared to August 2021. “The average price for single family detached properties is creeping back up to the record high that we recorded earlier this year,” says, RAHB President Donna Bacher.

Townhouse sales had a decrease in sales compared to August 2021. With the number new listings of townhouses had a 17 per cent increase, and the average sale price had a two per cent increase to $758,338. Apartment-style properties in the RAHB market area had a 10 per cent increase month over month, with an average price of $626,794, which is a 18 per cent increase when compared to August 2021.

“After months of relatively flat prices, September’s historically low listing and inventory levels have moved the average sale price to a new record. The demand remains strong and the supply remains low. Overall, we need more supply on the market to meet the demands of buyers and investors. There’s nothing on the horizon to indicate that October will be any different.” - 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 the Hamilton Real Estate Statistics for September 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the September 2021 statistics please contact one of our sales representatives at one of our three locations. Have you ever been curious about what you home is worth? Give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.


Hamilton Real Estate Market Statistics for August 2021

 Tuesday, September 7, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,201 sales of residential properties within the RAHB market area for August 2021. Sales were reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year.

When it came to new listings they also saw a decrease, they were down 9 per cent from July 2021 and down 15 per cent when compared to August 2020. The average cost of a residential property for the entire RAHB market area for July 2021 was reported to be $839,881. That was a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

The above chart, Residential Market Activity, let’s us see how Hamilton and surrounding areas did in terms of sales and what the average price of a residential property was in August 2021. We can then compare the average cost of a residential property to the same time the previous year. The chart also allows us to see how many properties were sold during the month and compare the numbers to the previous year.

It was reported that the Hamilton Mountain had the highest number sales, with a total of 174 and an average property price of $731,673. The area that had the highest average property price was Flamborough. The average property price in Flamborough was reported to be $1,354,803 in August 2021. This area also reported a total of 22 sales for the month, a slight decrease when compared to the same time last year. Let's now take a look at the map below and get an even closer look at how Hamilton and the surrounding areas did in terms of sales and property prices for August 2021. 

average-residential-price-by-district-august-2021

Average Price by District

The above map, Average Price by District, illustrates each neighbourhood within the Hamilton and surrounding areas. The aub areas that we should take note of for August 2021 are; 16, 17,42, 46 and 51. Each of these sub areas had the highest number of sales for the month. 

Flamborough once again had the highest average property price when compared to all other areas. The cost of a property in this area was reported to be $1,354,803, with a total of 22 sales for August 2021. As mentioned above, the neighbourhood with the highest number of sales was the Hamilton Mountain. With a total of 174 sales and an average residential property price of $731,673.

The sub area with the highest number of sales was area 51, with a total of 67 sales, this area is located in Stoney Creek. The average residential property price in area 51 was $799,021. It’s time to take a look at our final chart, the Hamilton Residential Chart and get a closer look at how Hamilton's real estate market did in August 2021.

hamilton-residential-table-aug-2021

Hamilton Residential Table

Our final chart to review is the, Hamilton Residential Table. The table allows us to see the overall real estate statistics for August 2021. In Hamilton there were a total of 766 sales, this is a decrease of 22 per cent when compared to the same time last year. When it came to the average cost of a residential property it was reported to be $779,486, that’s an 18 per cent increase compared to August 2020. 

REALTORS® Association of Hamilton-Burlington August 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,201 sales for August 2021. When it came to sale, it was reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year. The average price of a residential property was reported to be $839,881, a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

It was reported that detached homes the RAHB area saw a bit of an increase when it came to the average price compared to July 2021. However, there was a 10 per cent decrease in detached homes in August. Townhouse sales had a decrease in sales compared to July 2021. With the number new listings of townhouses having a 20 per cent decrease, and the average sale price had a 2 per cent decrease to $746,339. Apartment-style properties in the RAHB market area had a 10 per cent decrease when it came to new listings in August 2021, with an average price of $530,732, which is a 2 per cent increase.

In line with seasonal trends, July and August tend to have fewer new listings and sales which is exactly the case here. Even though we have fewer active listings and sales, we are also seeing a slight dip in the average sale price. Overall the same story continues and that is that the level of inventory remains at critical low levels. We definitely need more supply on the market.” - 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 August 2021. 

Contact a Sales Representative at Judy Marsales

If you have any questions about the August 2021 statistics please contact one of our sales representatives and they will be happy to help. If you’ve ever wondered what you home is worth you can give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.


Hamilton Real Estate Market Statistics for July 2021

 Monday, August 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,275 sales of residential properties within the RAHB market area for July 2021. Sales were reported to be down 20 per cent when compared to July 2020, and were also reported to be down 20 per cent when compared to the same time last year.

New listings also saw a decrease, they were down 24 per cent from June 2021 and down 20 per cent when compared to July 2020. The average cost of a residential property for the entire RAHB market area for July 2021 was reported to be $847,104, which is a decrease of 2 per cent from the previous month and 22 per cent compared to the same time last year.

The above chart, Residential Market Activity, let’s us see each neighbourhood in the Hamilton and surrounding areas. Allowing us to see the average cost of a residential property and we’re able to compare it to the same time the previous year. The chart also allows us to see how many properties were sold during the month and compare the numbers to the previous year.

The neighbourhood that had the highest number of sales for July 2021 was the Hamilton Mountain. The total number of sales in the neighbourhood was 185 sales, this is a decrease when compared to the same time last year, and the average cost of a property was $744,196. The neighbourhood that had the highest average cost of a residential property was Flamborough, which was $1,278,257 and a total of 27 sales. Now we can take a look at the below map and get a more detailed look into each area within each neighbourhood.

average-price-by-district-july-2021

Average Price by District

The above map, Average Price by District, helps to illustrate each neighbourhood in the Hamilton and surrounding areas. The sub areas that we need to take note of for July 2021 were; 17, 20, 23, 42, 50, 51 and 53. Each of these sub areas had the highest number of sales for the month of July 2021.

Flamborough had the highest average residential property price, which was reported to be $1,278,257, with a total of 27 sales. As we mentioned above, the neighbourhood with the highest number of sales for the month of July 2021 was the Hamilton Mountain. With a total of 185 sales and an average residential property price of $744,196. The sub area with the highest number of sales was area 51, this area is located in Stoney Creek, with an average residential property price of $780,881. It’s time to take a look at our final chart, the Hamilton Residential Chart and get a closer look at how Hamilton's real estate market did in July 2021.

hamilton-residential-table-july-2021

Hamilton Residential Chart

Finally, we’ll take a look at the, Hamilton Residential Chart, this chart allows us to see the overall real estate statistics for July 2021. In Hamilton there were a total of 782 sales, this is a decrease of 26 per cent when compared to the same time last year. When it came to the average cost of a residential property it was reported to be $779,783, that’s a 24 per cent increase compared to July 2020. 

REALTORS® Association of Hamilton-Burlington July 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,275 sales for July 2021. It was reported that there was a decrease of 20 per cent when it came to sales, 20 per cent when compared to July 2020. The average price of a residential property was reported to be $847,104, which was an Increase of 2 per cent from last month and an increase of 22 per cent from July 2020.

When it came to detached homes the RAHB area saw a slight decrease when it came to the average price compared to June 2021. Townhouse sales also had a decrease in sales, there was a 26 per cent decrease compared to June 2021. The number of new listings of townhouses saw a 20 per cent decrease and the average sale price had a 2 per cent decrease to $735,606. Apartment-style properties in the RAHB market area had a 28 per cent decrease in sales in July 2021, with an average price of $521,552, which is a 21 per cent decrease.

“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. Overall this month, we are seeing the number of sales and active listings slightly decrease compared to the previous four months which is inline with seasonal trends. We are continuing to experience high demand coupled with record low inventory in almost all property types which is driving sale prices.” - 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 July 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the July 2021 statistics please contact one of our sales representatives and they will be happy to help. If you’ve ever wondered what you home is worth you can give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.


Hamilton Real Estate Market Statistics for June 2021

 Friday, July 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity 

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,607 sales of residential properties within the RAHB market area for June 2021. It was also reported that sales were down 11 per cent since the previous month, but had an increase of 23 per cent since June 2020. When it came to new listings, there were a reported 11 per cent decrease since May 2021, but there was a 10 per cent increase as of last June. The average price of a residential property was reported to be $865,339 for June 2021. This was a 2 per cent increase from the previous month and an increase of 28 per cent when compared to June 2020. Inventory was 8 pre cent lower than it had been in May 2021. 

The above chart, Residential Market Activity, allows us to see each neighbourhood in the Hamilton and surrounding areas. We were able to see what the average cost of a residential property was and how many sales each neighbourhood had. Then we are able to compare those numbers to the same time the previous year. The area that had the highest number of sales for June 2021 was the Hamilton Mountain, with a total of 226 sales and an average property price of $730,448. The area that had the highest average property price was Ancaster, $1,219,829, this area had a total of 76 sales for June 2021. Let's now take a look at the map below, Average Price by District and get an even closer look at Hamilton's real estate statistics for June 2021.

verage-price-by-district-june-2021

Average Price by District 

The above map, Average Price by District, helps to illustrate each neighbourhood in the Hamilton and surrounding areas. The sub areas that we need to take note of for June 2021 were; 17, 42, 46, 51 and 53. Each of these sub areas had the highest number of sales, you're also able to see what the average price of a residential property was in each sub area. 

Ancaster had the highest average property price for June 2021 at $1,219, 829 and had a total of 76 sales. The Hamilton Mountain had the most sales for the month with a total of 226 sales and and average property price of $730,448. The sub area that had the highest number of sales was area 51, which is located in Stoney Creek and had a total of 83 sales and an average property price of $753,372. We can now turn our attention to the final chart, Hamilton Residential Table and get a closer look at how Hamilton's real estate sales and more did in June 2021. 

hamilton-residential-table-june-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, this chart allows us to get a closer look at the overall real estate statistics for June 2021. There were a reported 966 sales in the Hamilton area, that's a 12 per cent increase compared to the same time last year. The average cost of a property was $787,758, which is a 28 per cent increase compared to June 2020. When it came to how many days a property was on the market, there was a average of 9 days, three days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington June 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,607 sales for June 2021. In June 2021 there was a decrease of 11 per cent when it came to sales, but a 23 pre cent increase compared to June 2020. The average price of a residential property was reported to be $865,339, which was an increase of 2 per cent from last month and an increase of 28 per cent from June 2020.

When it came to detached single family homes, the average benchmark price was $932,700, which is a 30 per cent gain on a year-over-year basis in June 2021. While the benchmark price for price for a townhouse was $672,300, this was a 26 per cent increase compared to the same time last year. Finally when it came to apartment-style properties, the benchmark price was $552,900, which is an increase of 19 per cent from "year-ago levels."

“June’s home sales marked one of the strongest levels on record for this month. Year-over-year gains are expected to become more modest and may even be negative in the months ahead as we reach a crossover period where sales in 2020 roared back to life and sales this year are cooling off after a blistering pace. With new listings only back around average levels this has done nothing to lift overall inventories from record lows. While market conditions remain historically tight with demand far outpacing supply, we are seeing average sale prices remain stable.” - Donna Bacher, President of the REALTORS ® Association of Hamilton-Burlington.

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 June 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these May 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at any of our three locations. Have you ever wondered what you home might be worth? Try out our What's My Home Worth calculator!