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

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 REALTORS® RELEASE JANUARY STATISTICS 

If you've been thinking of selling your home, you can also get in contact with one of our agents , 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, you can try out will cost by useing our "What's My Home Worth" calculator.


Annual Hamilton Real Estate Market Statistics for 2018

 Wednesday, January 16, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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In the above chart Residential Market Activity for RAHB Areas -2018 we can see that Hamilton Centre remains hot with a total number of sales of 1,047 for 2018. And we can see that Stoney Creek is also ranking near the top with total of 1,075 sales for 2018. And finally, Hamilton Mountain had the highest number of sales with a total of 1,837 for all of 2018. You can also compare the average price of a home from 2017 to see how it has done in the same area in 2018.

Annual-Average-Price-by-District-for-2018-Ham

When we look at the map Average Residential Price by District - 2018 we can see that Hamilton overall has done very well. The areas to note are 16, 17, 18 and 23. They have had the most number of sales this year. And areas 11, 12, 15 and 18 had properties with the highest listing price. Hamilton has had a busy year from Barton st to the escarpment. 

rahb-annual-residential-market-at-a-glance-2018

The chart RAHB All Residential Comparison at a Glance - 2018, indicates to us that the isolated areas in the RAHB market remain Hamilton, Burlington and Haldimand County. Listings were down 9.2% compared to 2017 and sales were down 17.5% from last year. However, the overall average price of a home was only down 1.5% from the previous year. And over the past decade the average price of a residential home has actually gone up 100.5%. 

“The 2018 real estate market levelled out from the eventful years of 2016 and 2017. The market went from a strong, prolonged seller’s market to a balanced market where buyers had more time to view and compare properties before putting in an offer to purchase.” - RAHB CEO George O’Neill. 

If you think that it might be time to sell or you've been thinking of selling your home, you can get a better idea of what it will cost by useingour "What's My Home Worth" calculator. And if you would like to get in contact with one of our agents they will be happy to go over the annual market stats for 2018 with you.


Hamilton Real Estate Market Statistics for December 2018

 Thursday, January 3, 2019     Kirsten McNamee     Local Hamilton Market Statistics

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Take a look at the above chart, Residential Market Activity. We can see how much the average price of a home has changed in the same moth last year. And the hot areas for December are, Hamilton Centre, Hamilton Mountain and Stoney Creek. 

average-residential-price-by-district-ham

The above map The Average Residential Price by District, is clearly indicating the areas from the Hamilton Bay to the escarpment are continuing to do well (sub areas 20, 23, 42, 46 and 53). The map is also showing the average listing price of a home is in each area for December 2018.

RAHB-Residential-Market-at-a-Glance

In the above graph All Residential Comparison at a Glance, it indicates to us that some of the major areas within the RAHB market remain isolated to the areas of, Hamilton, Burlington and Haldimand County. And it indicates that in the month of December there has been an increase in the average listing price of a home. 

The report shows a total of 534 sales of residential properties located within the RAHB market area. December 2018 had a 26% lower number of sales than the same month last year. However, the average cost of a home was up by 2.6% to $543, 210. And the year-to-date sales activity was down 17.6% from the same time last year and down 12.2% compared to a decade ago. Also compared to a decade ago, the price of a home is up 90%. 

“December has again proven to be one of the slower months for sales as people were busy celebrating the holidays rather than contemplating a move, but we anticipate market activity will pick up into 2019 as consumer confidence grows after being affected by the provincial and federal regulations introduced over the last two years.” Says RAHB CEO George O’Neill

For more in-depth statistics and additional metrics, please refer to RAHB's REALTORS® RELEASE DECEMBER STATISTICS 

And if you're thinking of selling your home and you want to get a better idea of what it will cost, use our "What's My Home Worth" calculator. You can also get in contact with one of our agents and they will be happy to go over the market stats with you and discuss possible next steps.


Hamilton Real Estate Market Statistics for November 2018

 Friday, December 7, 2018     Kirsten McNamee     Local Hamilton Market Statistics

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The above chart Residential Market Activity, shows us how much the average price of a home has changed in the same moth last year. The hot areas for November remain the same, Hamilton Centre and the Hamilton Mountain. 

ham-average-residential-pice-by-district-nov-18

When we look at above map, The Average Residential Price by District, we can clearly see that it indicates the areas from the Hamilton Bay to the escarpment continue to do well (sub areas 16, 17, 18 and 20). The map also shows us what the average listing price of a home is in each area for the month of November 2018. 

all-residential-comparison-at-a-glance-nov-2018

The above graph, All Residential Comparison at a Glance, indicates to us that some of the major areas within the RAHB market are isolated, Hamilton, Burlington and Haldimand County. There has also been a clear increase in the average listing price of a home. 

RAHB reported a total of 1,211 new listings for the month of November and a total of 862 sales. The sales-to-listing-ratio was at 97.8% and the sales-to-new-listing ratio was at 17.2%. Again indicating that all major areas in RAHB's market have seen an overall increase in the average sale price. 

For more in-depth statistics and additional metrics, please refer to RAHB's REALTORS® RELEASE NOVEMBER STATISTICS 

If you're thinking of selling your home and want to get a better idea of what it will cost, use our "What's My Home Worth" calculator. And if you would like to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.


Hamilton Real Estate Market Statistics for October 2018

 Thursday, November 8, 2018     Kirsten McNamee     Local Hamilton Market Statistics

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The chart above, Residential Market Activity for RAHB Areas, shows how much the average price has changed and how much each area has changed since last year at this time. The hot areas for October remain the same, Hamilton Centre and the Hamilton Mountain. 

average residential price by district hamilton oct 2018

The Average Residential Price by District graph indicates to us that the areas from Hamilton Bay to the escarpment are doing well (sub areas, 16, 18, 28 & 28). You're also able to see the average cost of a home for the month of October in each area. 

all-residential-comparision-at-a-glance-oct-18

By taking a look at the All Residential Comparison at a Glance chart. We see that major areas within RAHB’s market are isolated, Hamilton, Burlington Haldimand County. They all saw an increase in overall average sale price. However, Niagara North experienced a decrease in overall average price. It's also important to note that there was an increase in average sale price for all property styles in each of the four RAHB market areas.

RAHB reported 1,035 sales of residential properties and a 13.1% decrease over the same month last year, the average sale price increased by 5.9%. The Sales to New Listing Ratio was 60.1% - indicating that the overall residential market for the RAHB area is in a balanced position. 

“The single family market in the overall RAHB area remains in a balanced position, with a good inventory of homes for those looking for a detached property.” – RAHB CEO George O’Neill

For more in-depth statistics and additional metrics, please refer to RAHB's Residential Market and MLS Home Price Index Report for October 2018. 

If you're thinking of selling your home and want to get a better idea of what it will cost, you can use our "What's My Home Worth" calculator. Then you'll want to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.