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

Hamilton Real Estate Market Statistics for April 2020

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

Featured Photo

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

Featured Photo

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.


Hamilton Real Estate Market Statistics for October 2019

 Friday, November 8, 2019     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

The October 2019 Real Estate Market Statistics was released and they were provided by the REALTORs Association of Hamilton Burlington (RAHB). There were a reported 1,145 sales of residential homes. October sales were up from September and August and 6.4% from October 2018. It was also reported that the sale of a residential property increased by 7.1% from October 2018 to $602,029. 

We can now turn our attention to the above chart, Residential Market Activity for RAHB Areas. The Hamilton Mountain once again reported the most sales for the month. With 198 sales of residential properties and an increased average price of $514,152. Another area that's important to mention is Hamilton Centre with 118 sales with an average property costing $398,287.

Finally we should mention the areas of Stoney Creek and Hamilton East, each having a reported 92 sales of residential properties respectively. Hamilton East had an average sale price of $414,671 and Stoney Creek had an average sale price of $553,039. We can take a look at the map below and see an overview of each area and note the number of sales and the average cost of a property. 

Average Residential Price by District Oct 2019

The above map, Average Residential Price by District, illustrates each area in Hamilton and what the average cost of a property was for October 2019. The map also indicates how many sales there were in each area for the month. Sub areas, 16, 17, 18, 42 and 51 had the highest number of reported sales for October 2019. 

Areas with the highest costing properties were Ancaster,Stoney Creek and Flamborough. Stoney Creek (sub area 52) came in first place with the average residential properties selling for $985,000. We can now turn our attention to the chart below to the Hamilton Residential Table.

Hamilton Residential Table Oct 2019

Let's take a look at the above chart, Hamilton Residential Table. We can see how it has broken down the month of October for us so that we can clearly see how the overall Hamilton Residential market performed. There were a reported 752 sales of residential properties in the Hamilton Real Estate Market for October 2019. 

With the average listing price having increased by 9% to $544,980 and a reported 1,086 new listings. There was only was a 5% decrease in the number of new listings compared to the same month last year. And we can take note that properties on the market for an average of 30.1 which is a 0.8% decreased over October 2018. 

RAHB Statistics for October 2019

There were a reported 1,145 sales of residential properties in the RAHB market area. And we saw a 7.1% increase in the listing price of a property from October 2018 to $602,029. October was a great month for sellers but left buyers with less choice. 

"The RAHB market area experienced more activity in October with an increase in the number of sales from last month, as well as from the previous year, which is good news for sellers. The number of new listings dropped by 8% compared to October 2018, and nearly 12% since last month, so there was less choice for buyers." - RAHB President Bob Van de Vrande. 

For More Information About These Statistics 

If you're looking for more in-depth statistics and matrix, please refer to RAHB's Hamilton Real Estate Statistics for October 2019

Contact a Sales Representative at Judy Marsales Real Estate 

If you have any questions about the statistics we reviewed today please feel free to contact one of our sales representatives today. And if you've been wondering what you house is worth, give our What's My Home Worth calculator a try. And we're looking forward to reviewing and summarizing the November 2019 statistics next month for your convenience.


Hamilton Real Estate Market Statistics for September 2019

 Friday, October 11, 2019     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

The statistics for the September 2019 real estate market are in. They were provided by the REALTORs Association of Hamilton Burlington (RAHB). There were a recorded 1,020 sales of residential properties. September sales are down from August and July, however, they're up over September 2018 by 3.2%. And the average price of a residential property increased by 8.5% from September 2018 to $609,562. 

Let's now turn our attention to the chart above, Residential Market Activity for RAHB Areas. We can see that the Hamilton Mountain had a total of 168 sales with an average property selling for $494,816. This area had the highest number of sales for the month of September. 

The area coming in at second place for the highest number of sales was Stoney Creek with a total of 110 sales and an average price of a was $629,272. It should also be noted that the area with the highest costing properties were in Ancaster with an average property listed for $820,318. We can take a look at the map below and see an overview of each area and note the number of sales and the average cost of a property. 

average-residential-price-by-district-sept-2019

The above map, Average Residential Price by District, illustrates each area in Hamilton. We can clearly see each area and the number of sales and their average property cost for September 2019. It should be mentioned that sub areas, 17, 41, 42, 50, 51 and 53 had the highest number of sales for the month. 

We can also see that the areas with the highest average cost of a property were Ancaster, Flamborough and Glanbrook. For example, we saw the average cost of a property in Ancaster reported at $820,310. Next we'll turn our attention to the chart below to the Hamilton Residential Table.

hamilton-residential-table-sept-2019

By looking at the chart above, Hamilton Residential Table, we can see how the Hamilton real estate market was for September 2019. The chart breaks the numbers down for us so that we can have an even better understanding. There were a reported 655 sales for the month of September 2019. That's a 10% increase compared to the same time last year. 

The average listing price of a property increase to $554,784 which was a 10% increase from September 2018. And there were a reported 1,196 new listings recorded for the entire month with the average 28.9 days on the market. 

RAHB Statistics for September 2019

For the month of September 2019 there were a reported 1,020 sales of residential properties for the entire RAHB area. September sales are down from August and July but up from September 2018 by 3.2%. 

"With an increase in the number of homes currently available, and a more relaxed pace in the market, this may be an ideal opportunity for buyers to purchase their dream home. Average sale prices were up from September 2018 in all four of RAHB’s major communities, yet property activity varied when we look at the smaller individual communities. This is why working with a local REALTOR® is so important – we have the data, resources and first-hand knowledge of the communities in which we live and work.” - RAHB President Bob Van de Vrande. 

For More Information About These Statistics 

If you're looking for more in-depth statistics and matrix, please refer to RAHB's Hamilton Real Estate Statistics for September 2019. 

Contact a Sales Representative at Judy Marsales Real Estate

Now that we've reviewed the September statistics for 2019 you might have some questions. Contact one of our sales representatives today and they'll be happy to answer any questions. Have you been curious about what your home is worth? You can find that out now by trying our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for August 2019

 Friday, September 13, 2019     Kirsten McNamee     Local Hamilton Market Statistics

Featured Photo

When we review the August 2019 statistics for Hamilton and the entire REALTORS® Association of Hamilton-Burlington (RAHB) areas. We learn that there was a reported 1,067 sales of residential properties. And the 2019 year-to-date number of sales is up 10.2% over 2018. It was also reported that the average price of a residential property increased by 6.4% from August 2018 to $599,589. 

let's now take a look at the above chart, Residential Market Activity for RAHB Areas. We can clearly see that the Hamilton Mountain once again saw the highest number sales with 153 sales of residential properties. And properties in that area had a average price of $498.854. 

The next area that we should make note of for August 2019 is Stoney Creek. Which had a total of 113 sales of residential properties with an average property at $598,291. The chart also indicates to us the area with the highest costing residential properties in the Hamilton. For August 2019 that area was Ancaster, with an average residential property at $778,307. Now let's turn our attention to the below map. 

Average Price by District August 2019

The map, Average Price by District for August 2019, illustrates each areas total number of sales and the average cost of a residential property. Can you spot your area? Each month these numbers can change but it's interesting to see what the number are like in your area. 

Let's look at August 2019 and see what areas had the strongest numbers. It becomes clear right away that the sub areas are, 16, 18, 42, 51 and 53. These areas had the highest number of residential property sales.

The area that had the highest costing residential properties was Stoney Creek, sub area 52. Properties in this area had an average cost of $787,500. Next we'll turn our attention to the chart below to the Hamilton Residential Table.

Hamilton Residential Table

When we look at the above chart, Hamilton Residential Table, we can focus on the sales activity and compare it to the same time last year. There were a reported 679 sales of residential properties in Hamilton in August 2019. That number is only down by 2% compared to 2018.

With an average listing price of $548,848 is an increase of 8% from the same time last year. And there were 1,474 active listings and a median days on market being 19 days. That's 4% less days on the market compared to the same time last year. Next we can look at the RAHB stats for the entire area and see what the total number of sales were and overall average residential properties were.

RAHB Statistics for August 2019 

For the month of August 2019 there were a reported 1,067 sales of residential properties in the RAHB area. Sales may have been down from July, June and August of this year. However, it's important to note that the 2019 year-to-date saw an increase of 10.2% over 2018. 

"The year-to-date number of sales is higher in 2019 compared to 2018 because we had a stronger spring. If the average price continues to increase and inventory stays low, we may shift out of the balanced market we've been experiencing over the last year and a half as we move into fall." - RAHB President Bob Van de Vrande. 

For More Information About These Statistics 

If you're looking for more in-depth statistics and matrix, please refer to RAHB's Hamilton Real Estate Market Statistics for August 2019

Contact a Sales Representative at Judy Marsales Real Estate 

Are you considering putting your home on the market this fall? If you have any questions or are looking for a sales representative to help you find your dream home, contact one of our incredible REALTORS® today. They would also be happy to answer any questions you might have about the August 2019 statistics. Have you been curious about what your home is worth? You can find that out now by trying our What's My Home Worth calculator.