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

Hamilton Real Estate Market Statistics for October 2020

 Thursday, November 5, 2020     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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The REALTORS Association of Hamilton-Burlington (RAHB) have released their September 2020 statistics. There were a reported 1,615 sales of residential properties within the RAHB market area. Sales saw a decrease of 7.6 per cent over the same time last month, and up 23.7 per cent over the same time last year. 

New listings in October were 12.8 per cent less than they were in September 2020, and up 8.5 per cent from the same time last year. The average property price had an increase of 0.2 per cent to $721,523, and an increase of 19.8 per cent from October 2019. 

The above chart, Residential Market Activity, shows us what neighbourhoods had the most sales in October 2020. It was reported that the Hamilton Mountain had 247 sales with the average property price of $610,827. Another area to note is Flamborough, this area had the highest average property price of $1,106,337. We can now take a look at the map below and get a better overview of each area in Hamilton and see how many sales they had and their average residential property price. 

average-price-by-district-oct-2020

The above map, Average Price by District, illustrates each area in Hamilton and the surrounding areas. The areas to take note of for October 2020 are; 17, 42, 51 and 53 - each of these areas had the most number of sales. 

Stoney Creek saw a total of 153 sales in September (areas 50, 51, and 52), with an average property price of $701,120. Flamborough was once again the area with the highest average residential property price of $1,106,337. Lets now take a look at the next chart below, Hamilton Residential Table. 

hamilton-residential-table-oct-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's October 2020 statistics. There were a reported1,615 sales of residential properties in the RAHB market area, and a total of 983 in the Hamilton. This was a decrease of 22 per cent in residential property sales compared to last year.

The average price of a residential property was $662,511, this was an increase of 21 per cent when compared to the same time last year. It should also be noted that the average days a property was on the market was 18.8 days, the same time last year the average days on the market was 31 days. Active listings saw a decrease of 45 per cent with a reported 823. 

REALTORS® Association of Hamilton-Burlington October 2020 Statistics 

In October 2020, it was reported that there was a 13.3 per cent increase in the sale of family properties when compared to the same time last year. However, the number of new listings was down 14.7 per cent and the average sale price increase by 19.4 per cent to $795,415. Townhouse activity saw sales increase by 18 per cent over October 2019, with new listings increasing by 9.1 per cent. October also saw the average price of a townhouse increase by 16.6 per cent to $603,229. Finally, it was reported that apartment-style properties saw sales increase by 32.8 per cent, with an average sale price of $475,945.

“The trends this Fall are not reminiscent of what we would normally see – with October activity slowing slightly compared to September – and this is due to 2020 not being a typical year. As a result of COVID-19, we experienced a delayed Spring market and a surge in record activity over the Summer months when the province began to reopen. As a result of this unstable year, active listings at the end of each month are some of the lowest we’ve seen, exacerbating low inventory levels and continuing to drive average price.” - RAHB President Kathy Della-Nebbia.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for October 2020.

Contact a Sales Representative at Judy Marsales

Have questions about these October 2020 statistics? You can contact one of our sales representatives at one of our three Hamilton locations. If you've been curious to know what your home is worth, give our What's My Home Worth calculator a try.


Hamilton Real Estate Market Statistics for August 2020

 Sunday, September 6, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The REALTORS® Association of Hamilton-Burlington (RAHB) just released their August 2020 Statistics. In this article we will review and summarize these statistics. There were a reported 1,272 sales of residential properties within the RAHB market area. Sales were reported to be down 21.4% over the last month, and up 12.7% compared to August 2019. The average cost of a residential property was up by 0.24% to $694,690 from last month, and up 16.3% from August 2019. While the number of active listings was down 18.6% over the same time last year. 

Now lets review the above chart, Residential Market Activity, and we can see what neighbourhoods had the most sales and what the average cost of a residential property was. It was reported that in August 2020, the Hamilton Mountain had a total of 206 sales, with an average property price of $598,271. Stoney Creek reported a total of 153 sales, with an average property price of $703,948. The area with the highest average residential property price was Flamborough, with the price being $1,157,700. We can now turn our attention to the below map, Average Residential Price by District, to better understand each area. 

average-residential-price-by-district-aug-2020

The above map, Average Residential Property Price by District, allows us to view each neighbourhood in the Hamilton and surrounding areas. The areas to take note of for August 2020 are; 18, 17, 42, 51 and 53. each of these areas reported to have the highest number of sales of residential properties. 

The map also illustrates to us the areas with the highest average price of a residential property. In August 2020 the areas that reported the highest average property prices were; Flamborough, with an average price of $1,157,700, Stoney Creek with an average price of $1,139,625 and finally Ancaster with an average property price of $945,078. Take a look at the next chart below, Hamilton Residential Table. 

hamilton-residential-table-aug-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's August 2020 statistics.There were a reported 1,272 sales of residential properties, which is a decrease of 21.14% over previous months and up 12.7% from August 2019. 

The average price of a residential property was reported to be $662,257, that's a 21% increase compared to the same time last year. The average days a property was on the market was 10 days, 9 days less than the same time last year. Active listings saw a decrease of 18% to only 955. 

REALTORS® Association of Hamilton-Burlington August 2020 Statistics 

In August RAHB reported 1,272 sales of residential properties within the Hamilton area. Sales saw a decrease of 21.14% over the same time last year. The average residential property price had an increase of 21% to $662,257. There were a total of 865 sales within the Hamilton market area, an increase of 20% compared to August 2019. 

“This month’s activity was in line with what we would typically see for August; however, due toCOVID-19 the trends for the year are not what we would normally experience. Over the Spring, we saw lower than normal activity, but a balance between supply and demand. Into the Summer months we saw an increase in activity where we would normally see a decrease. As we move into the Fall, we would expect a return to higher activity. With the potential for a second wave of the virus we don’t want to make any predictions, butRAHB REALTORS® will continue to find houses for buyers and buyers for sellers in a healthy and safe way.” - RAHB President Kathy Della-Nebbia.

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for August 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these August 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for July 2020

 Tuesday, August 11, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The REALTORS® Association of Hamilton-Burlington (RAHB) just released their July 2020 Statistics. In this article we will review and summarize these statistics. There were a reported 1,613 sales of residential properties and the real estate market saw an increase of 27.7% in sales over the last month, and up 27.8% when compared to the same time last year. The average sale price saw an increase of 2.6% to $692,999, which is also a 16.3% increase from July 2019. 

When we review the above chart, Residential Market Activity, we can see that in the Hamilton area. The Hamilton Mountain had the most sales of residential properties, with a total of 248 sales and an average sale price of $591,182. Another notable area was Stoney Creek, with 186 sales of residential properties, with an average sale price of $639,906. We can now take a look at the map below, Average Sale Price by District, and get a close look at each area. 

average-residential-price-by-district-july-2020

The above map, Average Price by District, gives us a view of the entire Hamilton and surrounding areas. Showing us the number of sales and the average residential property price in each area, plus the total number of sales in each area. The areas to take note of are 17, 42, 46 and 53 - each of these areas had the highest number of sales for the month of July 2020. 

According to the above map the areas with the highest average residential property price were Flamborough, Dundas and Ancaster. Flamborough reported 24 sales with an average property price of $1,064,121. Ancaster reported 89 sales with an average property price of $849,872. Finally, Dundas reported a total of 30 sales with an average property price of $860,181. 

hamilton-residential-table-july-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's July 2020 statistics. There were a reported 1,613 sales of residential properties, which is an increase of 27.7% from the same time last year, and 27.8% up from July 2019. 

The average price of a residential property was reported to be $628,834, that's a 15% increase from July 2019. The average days a property was on the market was 20.1 days, 9 days less than the same time last year. Active listings saw a decrease of 22% to only 975. 

REALTORS® Association of Hamilton-Burlington July 2020 Statistics 

In July RAHB reported 1,613 sales of residential properties within the Hamilton area for the month of July 2020. Sales saw an increase of 23.7% over the previous month and 27.8% from June 2020. The average residential property price had an increase of 26% from June to $629,989 and 16.3% from July 2019. 

The number of sales for single family homes within the RAHB market area, saw an decrease of 18.1% compared to last year. The number of new listings was down 2.6% over last year, with the average sale price seeing an increase of 20%. When it comes to townhouse sales activity, there was an increase of 33.6% from July 2019, and new listings were up by 30.4%. The average sale price of a townhouse increased by 17.3% to $583,351. Finally, apartment-style properties had a decrease in sales by 17.1% when compared to the same time last year. With new listings seeing an increase of 76.8% and the average sale price increasing by 11%. 

“As we can see from the data, activity has resumed to pre-COVID-19 levels, and is actually surpassing the levels we would typically see in the summer due to pent-up demand over the last several months. What is also affecting the market – and more specifically the increase in average price – is the low number of active listings. With less available, buyers have limited choice and the market favours sellers.” says RAHB President Kathy Della-Nebbia.

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for July 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these July 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for April 2020

 Friday, May 8, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their April 2020 Statistics. This article will be reviewing and summarizing these statistics. It was reported that there were 482 sales in April 2020. Sales were down 63.4% over April 2019 and 56% over last month. it was also reported that the average price of a residential property was $614,412, which means there was an increase of 4.3% from April last year, but down 6.6% compared to last month. 

When we take a look at the above chart, Residential Market Activity, we can see that the Hamilton Mountain had the most sales with a total of 74. The area reported an average property price of $555,624. Another area to note is Hamilton Centre, which saw a total of 56 sales for the month of April. With an average residential property price of $430,145. Let's now turn our attention to the map below and get a better look at each area in Hamilton. 

average-residential-price-by-district-april-2020

The above map, Average Residential Price by District, allows us to view the entire Hamilton area and surrounding areas. And it allows us to see how each individual has done for the month of April in terms of sales and average property price. Sub areas to note are that had the most properties sold are; 18, 42, 50 and 51. 

Areas with the highest average property price for the month of April 2020 were; Ancaster, Dundas, Waterdown and Flamborough. Ancaster reported an average property price of $819,378 and had a total of 30 sales. Waterdown reported an average property price of $720,541 and had a total of 17 sales. Flamborough had an average property price of $664,683, with a total of only 9 sales in April. Finally, Dundas reported an average property price of $646,734 and reported a total of 19 sales. Let's now turn our attention to the chart below and review the statistics a bit closer with the Hamilton Residential Table. 

hamilton-residential-table-april-2020

The final chart that we will review today is the Hamilton Residential Table. By reviewing this chart we are able to see everything from the total number of sales to the average days a property was on the market. The COVID-19 pandemic has had a clear impact on the real estate market with numbers being lower than what we are used to seeing. But with that being said the average price of a property was up by 6% to $559,559. 

For the month of April 2020, Hamilton saw a total of 337 sales of residential properties, which was down 59% compared to the same time last year. However, the average days a property was on the market actually went down by 1.6% to 23.9 days. And it was reported that the months inventory was up by. 

RAHB April 2020 Statistics 

The April 2020 Real Estate statistics reported a total of 482 sales of residential properties, located in the RAHB market area. Sale were reported to be down 63.4% over April 2019 and 56% over last month. The average residential sake price was reported to be $614,412, which is up 4.3% compared to the same time last year. 

It was reported that when it came to single family homes, RAHB reported a decrease of 60.8% when compared to the same time last year. Townhouse sales activity also saw a decrease in April of 67.1% and they also saw a 8.8% decrease in price. Apartment-style property sales saw a decrease by 70.9% from April 2019, with their average price dropping by 3.8%. 

"The beginning of the year was quite active and we were antcipating a busy Spring; however, the number of new listings and sales within the RAHB market area for April were down compared to the previous month and year as a result of the measures that were taken by the province and my fellow REALTORS® to slow the spread of COVID-19. RAHB REALTORS® have been working remotely where possible to assist their clients to buy and sell properties when the need is vital. This includes virtual open houses and showings, and abiding by the provincial and public health guidelines to ensure everyone is healthy and safe." - RAHB President Kathy Della-Nebbia 

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Market Statistics for April 2020

Contact a Sales Representative at Judy Marsales 

Have questions about these April 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator right now. 


Hamilton Real Estate Market Statistics for February 2020

 Friday, March 13, 2020     Kirsten McNamee     Local Hamilton Market Statistics

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The Real Estate Association of Hamilton-Burlington (RAHB) have released their February 2020 statistics. In this article we will review and summarize these statistics. It was reported that for February 2020, there were a total of 998 sales of residential properties within the RAHB market area.

Sales were up 30% compared to January 2020 and up 25.5% over February 2019. It was also reported that the average price of a residential property increased by 4.5% to $649,667. And that there was an increase of 15.5% from the same month last year. 

When we take a look at the above chart, Residential Market Activity for RAHB Areas, we can see that Stoney Creek had the second most number of sales with 106. It was also reported that there was an average sale price of $583,460. The area with the most number of sales for February 2020 was the Hamilton Mountain. With 150 sales for the month and with an average price of $542,382. To get a better idea of each area did for the month of February, we can take a look at the map below as it breaks down each area for us. 

average-residential-price-by-district-feb-2020

When we take a look at the map, Average Residential Price by District, we can clearly see that it illustrates each area in Hamilton. It shows us how many sales there were of residential properties and the average sale price for each district within the city. Sub areas to take note that had the highest number of sales were; 42, 50 and 51. 

Now let's review the areas that had the highest average property prices. The top 3 areas for the month of February 2020 were Ancaster, Flamborough and Dundas. The average price of a residential property in Ancaster was $866,101 and this area reported a total of 55 properties sold. Flamborough had an average price of $868,929, with a total of 26 sales. And Dundas saw an average property price of $740,538 with a total of 17 sales. Now let's turn out attention to the chart below and review the comparisons to February 2019 for the Hamilton Real Estate Market. 

hamilton-residential-table-feb-2020

Our last chart to look at today is the, Hamilton Residential Table. It shows us that there was a 27% increase in sales activity and 664 sales. And there were a reported 894 new listings, that's an 11% increase compared to the same time last year. Hamilton saw a 14% increase in the average price of a residential property to $588,817.

And it was also reported that the number of days a property is on market was 24.2 days. That's 9.9 days less than the same time last year. But what else can we learn from all these statistics and what do they mean? Read more below about RAHB statistics for February 2020. 

RAHB Statistics for February 2020 

In February 2020 there were a total of 998 sales of residential properties within the RAHB market area. We saw sales increase by 30% over the last month and there was an increase of 25.5% compared to February 2019. We also need to note that the average price of a residential property, which increased to $646,667. That's an increase of 4.5% when compared to the same month last year. 

It was also reported that the number of sales for single family properties increased by 27%. And the average sale price of these properties increased by 16%. Townhouse sales saw a 21.2% increase with an average sale price increasing by 19.4% to $584,944. And when it comes to Apartment-Style property sales, they saw an increase of 19.8%. 

"The RAHB market is quite active with a significant increase in number of sales compared to last month and last year. We experienced similar activity at the beginning of 2016, which was on of our busiest markets on record. With the increase in average price and new listings, overall we are firmly in a seller's market; however, there is a greater demand at certain price points - such as below $600,000" - RAHB President Kathy Della-Nebbia

For More Information About These Statistics 

If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for February 2020

Contact a Sales Representative at Judy Marsales 

Have questions about these February 2020 statistics? You can contact one of our sales representatives at any of our three locations. And if you're curious about how much your home is worth, try our What's My Home Worth calculator now. We look forward to working with you and helping you find the property you've been dreaming of.