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

Hamilton Real Estate Market Statistics for May 2021

 Wednesday, June 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,811 sales of residential properties in May 2021. Sales were reported to be down 5 per cent compared to last month, and up 90 per cent from May 2020. New listings were reported to be down by 14 per cent compared to April 2021, and up 73 per cent from May 2020. The average price of a residential property for the entire RAHB market area was, $843,468, which is only a 1 per cent decrease from April 2021. There was a 29 per cent decrease when compared to May 2020. When it came to inventory that was available at the end of last month it was 6 per cent lower than April 2021. 

The above chart, Residential Market Activity, we can see how each neighbourhood in the Hamilton and surrounding area did when it came to sales and the average price of a property. The area that had the most sales for May 2021 was the Hamilton Mountain with a total of 249 sales, and with an average price of $736,782. When it came to the area with the highest average residential property price for May, it was Ancaster. The average price of a property in this area was $1,186,037, with a total of 81 sales. We can now take a look at the below map and get an even closer look at each area. 

average-price-by-district-may-2021

Average Price by District 

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 42, 46, 50, 51 and 53.

Each of these areas had the highest number of sales for May 2021 and when you look at each of these areas you're also able to see what the average price was. Ancaster had the highest average price for a property at $1,186,037 and had a total of 81 sales. While the sub area 51 had the highest number of sales with the total being 114 and had an average property price of $815,104. it's now time to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for May 2021. 

hamilton-residential-table-may-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, we can get an even closer look at the overall statistics for Hamilton. There were a reported 1,137 sales of residential properties in the Hamilton area, that’s a 90 per cent increase compared to the same time last year. The average cost of a property was $792,746, which is a 31 per cent increase compared to May 2020. The average days a property was on the market was 12.7 days, that’s 17.5 days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington May 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,811 sales of residential properties in May 2021. When we look at the sales for May we can see that there was 5 per cent decrease compared to the previous month but there was a 90 per cent increase compared to the same time last year. The average price of a residential property was $843,468, that's only a 1 per cent decrease from April 2021.

When it came to the number of sales of detached single family homes, RAHB reported a 4 per cent decrease compared to the previous month, with the average sale price having a 1 per cent decrease, $940,384. Townhouses saw a 10 per cent decrease in sales as well with an an average sale price of $714,695. When it came to Apartment-style properties, there was a 4 per cent increase compared to April 2021, with an average price of $532,030.

“In May 2021, the RAHB market area saw a very slight decrease in sales and number of properties being listed as compared to April 2021. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis – especially in a spring 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 May 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these April 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at one of our three locations. If you've been wondering what you home is worth, you can try our What's My Home Worth calculator. All of us at Judy Marsales are looking forward to working with you soon! 


Hamilton Real Estate Market Statistics for April 2021

 Thursday, May 6, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,906 sales of residential properties in April 2021. Sales were reported to be down 8 per cent compared to last month, and up 245 per cent from April 2020. When it came to new listings, there was a 3 per cent decrease since March 2021 and a 19 per cent increase over the same time last year. The average price of a residential property was reported to be $855,455 - this is a 2 per cent decrease when compared to the previous month. However, it's a 39 per cent increase when we compare it to the same time last year. 

The above chart, Residential Market Activity, shows us how each neighbourhood in the Hamilton and surrounding areas did when it came to sales and what the average cost of a property was. When it comes to the area that had the most sales for April 2021 was the the Hamilton Mountain, with a total of 264 sales. The average price of a home was $736,847, Flamborough reported the highest average price of a home, $1,244,674 and had a total of 34 sales for April 2021. Ancaster also reported an average price of a home at $1,082,649 and a total of 106 sales. Now let's take a look at the map below and take a closer look at each neighbourhood. 

average-price-by-district-april-2021

Average Price by District 

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 17, 18, 42, 50 and 51. 

Each of these areas had the highest number of sales for April 2021 and when you look at each of these areas you're also able to see what the average price was. Flamborough had the highest average price for a property at $1,244,647 and had a total of 34 sales. While area 51 had the highest number of sales with the total being 104 and had an average property price of $824,204. This area is within Stoney Creek. We're now going to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for April 2021. 

hamilton-residential-table-april-2021

Hamilton Residential Table 

Our final chart is the, Hamilton Residential Table, it's giving us an even closer look at the overall statistics for Hamilton. There were a reported 1,195 sales of residential properties in the Hamilton area, that’s a 250 per cent increase compared to the same time last year. The average cost of a property was $786,737, which is a 42 per cent increase compared to April 2020. The average days a property was on the market was 11.1 days, that’s 14 days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington April 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,906 sales of residential properties in April 2021. When it came to sales, there was an 8 per cent decrease compared to the previous month but there was a 245 per cent increase compared to the same time last year. The average price of a residential property was $855,455, which is a 2 per cent decrease compared to March 2021. 

When it came to the number of sales of detached single family homes, RAHB reported a 2 per cent compared to the previous month, and the average cost of a detached home was $953,365. Townhouses saw a 13 per cent increase in sales as well with an an average sale price of $712, 822. Apartment-style properties had 2 per cent decrease in sales and an average price of $583,373 -which is a 3 per cent increase compared to the same time last year.

“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. The good news is, the RAHB market area is showing signs of stability and recovery with active listings increasing significantly once again month over month. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis.” - 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 April 2021

Contact a Sales Representative at Judy Marsales

Do you have any questions about these April 2021 real estate statistics? Please contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for March 2021

 Thursday, April 8, 2021     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020.

When it came to new listings, there was an increase of 65 per cent compared to the previous month, and up 53 per cent compared to the same time last year. It was also reported that he average price of a residential property for the entire RAHB area was $872,368, which is a 32 per cent increase compared to the same time last year.

The above chart, Residential Market Activity, shows us how each neighbourhood in Hamilton did in terms of sales and average price, plus much more. The area that had the highest number of sales for March 2021 was the Hamilton Mountain, with a total of 293 sales of residential properties. The Hamilton Mountain had an average property price of $737,114, a significant increase compared to the same time last year. The area with the highest average property price was Flamborough at $1,348,714, with a total of 37 sales. Let’s now turn our attention to the map below and get a closer look at each area within Hamilton.

average-residential-price-by-district-march-2021

Average Price by District

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 18, 42, 46, 51 and 53.

Ancaster, located in area 42, had the highest number of sales with 100 for the month of March 2021. It was reported that in this area the average cost of a residential property was $1,142,559. Flaborough once again had the highest average price, it was $1,348,714 with a total of 37 sales for the month of March 2021. We can now take a look at the final chart the HamiltonResidential Table.

hamilton-residential-table-march-2021

Hamilton Residential Table

The final chart, Hamilton Residential Table, let’s us take an even closer look at the overall statistics for Hamilton. There were a reported 1,302 sales of residential properties in the Hamilton area, that’s a 74 per cent increase compared to the same time last year. The average cost of a property was $804,223, which is a 32 per cent increase compared to March 2020. The average days a property was on the market was 12 days, that’s 10 days less than the same time last year.

REALTORS® Association of Hamilton-Burlington March 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020. When it came to new listings there was an increase fo 65 per cent, with the average price of a residential property of $872,368.

When it came to the number of sales of detached single family homes, RAHB reported an increase of 74 per cent compared to the same time last year. Townhomes saw an increase in sales as well with an increase of 74 per cent, and an average sale price of $734, 970. Apartment-style properties sae an increase of 68 per cent in sales and an average price of $519,586,

“The RAHB market area was close to record-breaking activity with a 63 per cent increase in sales, a 65 per cent increase in new listings and an overall increase in inventory by 27 per cent since last month. With the spring housing market upon us and the vaccine rollout ramping up, it appears more homeowners are feeling comfortable listing their home and we have started to observe an upturn of active listings. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing March 2021 to March 2020.” - 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 March 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these March 2021 real estate statistics? Please feel free to contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.


Hamilton Real Estate Market Statistics for January 2021

 Tuesday, February 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 825 sales of residential properties in January 2021. It was also reported that sales were down 9.6 per cent over the last month and 6.9 per cent compared to the same time last year. When it came to new listings, there was an increase of 47.3 per cent over December 2020. New listings were down 16.2 per cent over January 2020. The average price of a residential property was reported to be $787,840 which is an increase of 7.9 per cent when compared to December 2020.

The above chart, Residential Market Activity, shows us what neighbourhoods in the Hamilton and surrounding area had the highest number of sales and the average price of a property. The Hamilton Mountain once again had the most number of residential sales with a total of 98 sales and an average price of $701,032.

When it came to the area with the highest average cost of a residential property it was Flamborough, with an average price of $1,404,100 and Ancaster with an average price of $1,107,460. We can now take a look at the map below and get an even better view of the Hamilton area.

average-residential-price-by-district-jan-21

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each neighbourhood within the Hamilton and surrounding areas. The areas we should take note of for January 2021, that had they highest number of sales are; 16, 42, 46, 51 and 53.

The area that had the highest average residential property price was Flamborough and it was $1,404,100. Coming in a second place, Ancaster had an average property price of $1,107,460. The area that had the highest number of sales was area 51, located within Stoney Creek. The final chart we’re going to review today is the Hamilton Residential Table.

hamilton-residential-table--jan-21

Hamilton Residential Table

Our final chart to review is the above chart, Hamilton Residential Table, and when we review this chart we can better understand the January 2021 statistics. This table helps break down the overall numbers for Hamilton. There were a reported 486 sales in the Hamilton area, that’s a 4 per cent decrease compared to the same time last year, with a total of 825 sales within the entire RAHB market area.

The average price of a residential property was reported to be $722,628, that’s a 29 per cent increase over January 2020. The average days that a property was on the market was only 8 days, that’s 10 days less than the same time last year.

REALTORS® Association of Hamilton-Burlington January 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 825 sales within the entire RAHB market area. Sales were reported to be down by 9.6 per cent when compared to the same time last year. When it came to new listings, there was an increase of 47.3 per cent over December 2020, but down 16.2 per cent over January 2020.

When it came to the sale of single family properties there was a decrease in January 2021 by 6.9 per cent compared to the same time last year. It was reported that new listings were down 16.2 per cent, and the average sale price increased by 23.4 per cent to $787,840 from January 2020.

Townhouses also saw a decrease in sales activity and new listings seeing an increase of 2.2 per cent and 3.3 per cent. The average price of a townhouse increased by 28.8 per cent to $664,958. When it came to apartment-style properties, sales increased by 64.7 per cent from the same time last year, and when it came to the average cost of an apartment-style property there was an 11 per cent increase to $475,796.

“In the RAHB market area, we saw an increase in sales activity last month, compared to January 2020, despite a decline in new listings. Our sales to listings ratio of 81.6 per cent, second only to January 2017, tells us that the RAHB market area is firmly in a seller’s market. This year’s decline in new listings builds off the back of the pre-pandemic drop in new listings and inventory levels we experienced in January 2020. In addition, now many homeowners may not be interested in or even able to move their households due to the pandemic, adding to our inventory woes.” - 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 January 2021.

Contacts a Sales Representative at Judy Marsales

Do you have any questions about these November 2020 real estate statistics? You can contact one of our sales representatives at one of our three locations. If you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.


Hamilton Real Estate Market Statistics for October 2020

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

Featured Photo

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.