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

Hamilton Real Estate Market Statistics for July 2022

 Monday, August 8, 2022     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Hamilton Real Estate Market Statistics for July 2022

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 811 sales of residential properties within the RAHB market area for July 2022. The real estate statistics in this article reflect both the entire RAHB market area and the Hamilton market area.

RAHB reported a total of 1,783 new listings in the entire real estate market area. This was a decrease of 29.9 per cent compared to June 2022. However, it was an increase of 18.6 per cent when compared to July 2021.

When we look at the number of sales of residential properties in July 2022 we can see there was a decrease of 18.5 per cent compared to the previous month and a decrease of 35.6 per cent compared to the same time last year.

The average price of a residential property for the entire RAHB market area was $878,816. This was a decrease of 7.1 per cent compared to June 2022. However, this was an increase of 3.9 per cent when we compare it to the July 2021. Let’s now review the chart below to get a better understanding of the average price per area and the total number of sales within the Hamilton and Burlington market area.

Residential Market Activity

residential-market-activity-for-rahb-areas-july-2022

The above chart, Residential Market Activity, shows us the average price of a residential property in the Hamilton and surrounding areas, including Burlington. The chart also allows us to see the number of sale in each area and then compare it to the same time last year.

RAHB reported that the area that had the greatest number of residential property sales in July 2022 was the Hamilton Mountain. This area had a total of 104 sales with an average residential property price of $753,980. While we can see there was a decrease in the number of sales compared to the previous year, we can see the average price of a residential property increased.

The area with the highest average residential property price was Flamborough, which was $1,313,933. This area had a total of 9 sales in July 2022 and we can see that while the price of a property in Flamborough had an increase there was a slight decease in the number of sales.

Hamilton Centre was the area with the second greatest number of residential property sales for July 2022. With a total of 73 sales and an average property price of $596,425. We can see in this area that there was also a decrease in sales and an increase in the residential property price.

When it came to the residential property sales in Stoney Creek, there were a total of 69 sales, making it third place. Stoney Creek had an average residential property price of $865,566 and just as reported in the other areas mentioned in this article, we can see a decrease in the number of sales and an increase in the property price. We can now turn our attention to the blow map, Average Residential Price by District, and get a closer look at the Hamilton real estate market area.

Average Residential Price by District

average-residential-price-by-district-july-2022

The above map, Average Residential Price by District, illustrates each area within the RAHB real estate market area. However, we’ll just focus on the Hamilton area of this map and area that had the overall greatest number of sales. We can then break that area down and get a closer look. The sub areas to note, that had the greatest number of sales in July 2022 were, 16, 17, 41, 42, 50 and 51.

It was reported by RAHB that in Dundas (area 41) that the average price of a residential property was $960,155 with a total of 29 sales. There was as decrease when it came to the average property price in this area when compared to June 2022.

Ancaster (area 42) had a total of 25 sales of residential properties with an average residential property price of $1,106,336. When we compare this to last month we can see that there was a decrease in the average price of a property and also the number of sales.

RAHB reported that the Hamilton Mountain had the greatest number of sales as illustrated in the above map. With a total of 104 sales in July 2022 and an average residential property price of $753,980. The Hamilton Mountain consists of the sub areas, 15, 16, 17, 18, 25 and 26. Listed below is a break down of each of these sub areas with their average property price and total number of sales for July 2022.

  • Area 15 — 13 sales, average residential property price $805,708
  • Area 16 — 25 sales, average residential property price $787,510
  • Area 17 — 25 sales, average residential property price $664,780
  • Area 18 — 21 sales, average residential property price $877,167
  • Area 25 — 8 sales, average residential property price $646,000
  • Area 26 — 12 sales, average residential property price $670,340

Continue to view the map and see if you can find your area, this is a great way to see how the market is doing. We are now going to review the final chart the, Hamilton Residential Table, and we’ll be able to get a better understanding of the overall real estate statistics for the Hamilton market area. 

Hamilton Residential Table

hamilton-residential-table-july-2022

The final chart that we’ll review in this article is the above chart, Hamilton Residential Table, which allows us to get a closer look at the Hamilton real estate market. It was reported by RAHB that average price of a residential property within the Hamilton market area was $793,062, this was a two per cent increase when compared to the same time last year.

When it came to the number of sales in July 2022, there were a reported 465, this was a 39.8 per cent decrease compared to July 2021. New listings saw a 12.4 per cent increase when compared to the same time last year with a total of 1,032.

It was reported that the median price of a residential property within the Hamilton real estate market was $732,500. This was a 2.4 per cent increase when compared to the same time last year. Let’s now get a closer look at the RAHB market area statistics.

REALTORS® Association of Hamilton-Burlington July 2022 Real Estate Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 811 sales of residential properties within the RAHB market area for July 2022. The residential property sales had a decrease of 18.5 per cent compared to June 2022 and a decrease of 35.6 per cent when compared to the same time last year.

There were total of 1,783 new listings reported in the entire RAHB real estate market area. This was an 18.6 per cent increase when compared to July 2021. The average residential property price for July 2022 was $878,816, which was an increase of 3.9 per cent compared to July 2021.

It was reported by RAHB that there were a total of 513 sales of detached properties within the RAHB market area. This was a 25.2 per cent decrease compared to June 2022. The average price of this type of property was $983,363. Which was a 6.6 per cent decrease from last month and a 4.4 per cent increase compared to the same time last year.

Let’s now take a look at townhouse properties within the RAHB market area. It was reported that there were a total of 159 sales in July 2022. This was a decrease of 28.7 per cent compared to the previous year. There were also a reported total of 311 new listings, which was an increase of 13.1 per cent compared to July 2021. The average price of this type of property was reported to have been $751,397. This was a 2.1 per cent increase compared to July 2021.

Finally, when it came to apartment-style properties within the RAHB market area we saw a total of 96 sales. This was a decrease of 39.2 per cent compared to the same time last year. There were a total of 223 new listings, this was an increase of 10.4 per cent compared to July 2021. The average price of this type of property in July 2022 was $598,831, a 14.9 per cent increase compared to the same time last year.

“Unlike June’s figures, there are a number of anomalies in our July 2022 market report. While residential sales and new listings were down overall compared to June 2022, the average sale prices across the RAHB market area were down from June 2022, except in the apartment-style property category. Looking at individual markets, Niagara North experienced double-digit per cent growth of average sale prices in all property categories with the exception of the townhome segment, and Burlington saw a 14.2 per cent increase in average sale price in the apartment-style segment over June 2022. The July 2022 market statistics highlights the importance of consumers using a RAHB REALTOR® to help them navigate the intricacies of each local market.” — RAHB President Lou Piriano.

For More Information About These Statistics

If you’re looking for a more in-depth metric of these statistics, please refer to the Hamilton Real Estate Statistics for July 2022.

Contact a Sales Representative at Judy Marsales LTD. Brokerage

Do you have any questions about the Hamilton real estate statistics in this article? Please feel free to contact one of the many sales representatives at Judy Marsales. You can reach a sales representatives at one of the three locations, Locke Street South, Westdale or Ancaster.

Have you been thinking about listing your property but aren’t sure what it might be worth? Give our “What’s My Home Worth” calculator a try and find out. All of us at Judy Marsales are looking forward to meeting with you soon and helping you find the home you’ve been looking for.


Hamilton Real Estate Market Statistics for June 2022

 Wednesday, July 13, 2022     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Hamilton Real Estate Market Statistics for June 2022

The  REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 995 sales of residential properties within the RAHB market area for June 2022. The real estate statistics in this article reflect both the entire RAHB market area and the Hamilton market area.

RAHB reported that when it came to the number of new listings in the entire market area, that there were a total of 2,543. This was a decrease of 3.3 per cent month over month and an increase of 27.1 per cent when compared to June 2021. The sales of residential properties were down 19.2 per cent month over month and with a decrease of 37.8 per cent when compared to June 2021.

It was also reported by RAHB that the average price of a residential property in the entire market area was $946,026. This was a decrease of five per cent compared to the previous month and an increase of nine per cent compared to the same time last year.

residential-market-activity-for-rahb-areas-june-2022

Residential Market Activity

The above chart, Residential Market Activity, allows us to see the average price of a residential property in the Hamilton and surrounding areas for June 2022. The chart also allows us to the number of sales in each area, we can then compare all these numbers to the previous year.

RAHB reported that the area with the greatest number of sales was the Hamilton Mountain with a total of 145 sales. The average price of a residential property in this area was reported to be $775,744, which is an increase when compared to the same time last year.

When we take a look at the area that had the highest average residential property price, we can see that it was Flamborough. With an average residential price of $1,400,474 and a total of 23 sales. We can see that while there was an increase in the price there was a slight decrease in the number of sales.

It was reported that in Dundas the average price of a property was $1,088,727 with a total of 32 sales. Just as the areas above, we can see that while the price of a property increase the number of sales had a very slight decrease. Ancaster also had an increase in the cost of a residential property in June 2022. With the average price being $1,399,799 and a total of 52 sales. Once again we see the same increase in property sale price and slight decrease in sales. Let’s now take a look at the below map of the entire RAHB real estate market area.

rahb-market-area-map-june-2022

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each area within the entire RAHB real estate market area. It illustrate the average price of a residential property and shows us the number of sales within each area. We’ll just focus on the Hamilton portion of this map to get a closer look at the Hamilton real estate market. The sub areas we’ll take note of that had the greatest number of sales were areas 17, 42, 50 and 51.

It was reported by RAHB that in Dundas (area 41) that the average price of a residential property was $1,088,727 with a total of 32 sales. While in Ancaster (area 42) the average price was $1,399,799 and there were a total of 52 sales in June 2022. We know that both areas had an increase when it came to the average price of a property. These are two very sought after areas within Hamilton.

The Hamilton Mountain had the most residential sales in the Hamilton real estate market area and it’s made up of sub areas; 15, 16, 17, 18, 25 and 26. The average price overall was $775.744 with a total overall sales of 145. If we break it down you can see what area sub areas average price and total of sales for the month of June 2022. You can see them listed below for reference.

  • Sub area 15 had an average residential sale price of $753,528 with a total of 18 sales
  • Sub area 16 had an average residential sale price of $883,173 with a total of 30 sales
  • Sub area 17 had an average residential sale price of $676,605 with a total of 44 sales
  • Sub area 18 had an average residential sale price of $867,229 with a total of 28 sales
  • Sub area 25 had an average residential sale price of $743,076 with a total of 17 sales
  • Sub area 26 had an average residential sale price of $717,363 with a total of 8 sales

You can continue to explore this map and see what other areas residential property prices were and see how many sales it had. You might even find your area and you can get a better idea of what the market was like in June 2022. Now let's take a look at the final chart the, Hamilton Residential Table, and get a better understanding of the overall real estate statistics for the Hamilton market area. 

hamilton-residential-table-june-2022

Hamilton Residential Table

The final chart we’ll review today is the, Hamilton Residential Table, which allows us to see the overall real estate statistics for the Hamilton market area. It was reported by RAHB that the average price of a residential property in June 2022 was $863,016. This was an increase of 9.6 per cent when compared to June 2021.

When it came to the number of sales in June 2022, Hamilton had a total of 626 sales. This was a decrease of 35.2 per cent when compared to the same time last year. While new listings had an increase of 25 per cent, with a total of 1,497 in June 2022.

Listings had an average of 13 days on the market, this was an increase of 5 days compared to the same time last year. Finally when it came to the median price of a residential property in Hamilton was $782,000, this was a 9.7 per cent increase.

REALTORS® Association of Hamilton-Burlington June 2022 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 995 sales of residential properties within the RAHB market area for June 2022. The residential property sales had a decrease of 19.2 per cent month over month and a decrease of 37.8 per cent when compared to June 2021.

It was reported by RAHB that there were a total of 689 sales of detached properties within the RAHB market area. This was a decrease of 19.2 per cent compared to May 2022 and a decrease of 35.3 per cent compared to June 2022. The average price of a detached residential property in June 2022 was $1,054,851, this was an increase of 7.5 per cent compared to the same time last year.

When it came to the total number of townhome sales, RAHB reported a total of 182 sales in June 2022. This was a decrease of 23.8 per cent compared to the previous month, however a decrease of 40.5 per cent when compared to June 2021. The number of new listings had an increase of 25.8 per cent compared to the same time last year, with a total of 434 in June 2022. The average price of this type of property was $775,511, this was an 8.4 per cent increase compared to the same time last year.

Finally, when it came to apartment-style properties there were a total of 114 sales in June 2022. This was a decrease of 47.7 per cent when compared to the same time last year. There were 295 new listings with an average property price of $582,789, an increase of 9.1 per cent compared to June 2022.

“Similar to May, sales activity in June was below the five and ten-year historical averages. This was the experience for all dwelling types and sub-regions across the RAHB market area. In June, mortgage rates increased by 0.5 per cent, and as a result, some potential buyers have likely delayed their purchase because they may be taking a “wait and see” approach to the market or they can no longer qualify. The overall residential average sale price across the RAHB market area fell five per cent from May to $946,026, while the months of inventory climbed above the two-month mark for the first time in over two years. The increase in active listings signals a more balanced market where buyers have greater negotiation power and more options.” - RAHB President Lou Piriano

For More Information About These Statistics

If you’re looking for a more in-depth metric os these statistics, please refer to the Hamilton Real Estate Statistics for June 2022.

Contact a Sales Representative at Judy Marsales

If you have any questions about the June 2022 real estate statistics in this blog please don’t hesitate to contact one of the sales representatives at Judy Marsales. You can contact us at one of our three locations, Locke Street South, Westdale or Ancaster.

Have you been thinking about listing your property but you’re not sure what it might be worth? Give our What’s My Home Worth calculator a try and find out. All of the sales representative and brokers are Judy Marsales are looking forward to meeting with you soon and helping you find the home you’ve been looking for.


Hamilton Real Estate Market Statistics for May 2022

 Wednesday, June 8, 2022     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 1,232 sales of residential properties within the RAHB market area for May 2022. The real estate statistics in this article reflect both the entire RAHB market area and the Hamilton market area.

It was reported by RAHB that there were a total of 2,631 new listings in May 2022. That’s an increase of 7.3 per cent month over month and a 16 per cent increase compared to the same time last year. The sales of residential properties were down 5.1 per cent month over month and with a decrease of 31.9 per cent when compared to May 2021.

When it came to the average price of a residential property in May 2022, it was reported that for the entire RAHB market area it was $995,408. This was a 1.7 per cent decease when compared to the previous month. However, it was an increase of 17.6 per cent when compared to May 2021.

The above chart, Residential Market Activity, shows us the average price of a residential property within the Hamilton market area, as well as Burlington. The chart also allows us to see how many sales there were in May 2022 and then we can compare those numbers to May 2021.

RAHB reported that the area with the greatest number of sales was the Hamilton Mountain. This area had a total of 184 sales in May 2022, with an average property price of $862,968. This was an increase when it came to the average price of a property and a decrease when it came to the number of sales.

The area that was reported to have had the highest average residential property price was Flamborough. The average price of a property was $1,522,099 in May 2022, with a total of 24 sales. When it came to the number of sales we saw a decrease, but when it came to the average sale price there was a clear increase when compared to the same time last year.

Burlington reported a total of 291 sales in May 2022 with an average residential property price of $1,231,174. Similarly to Flamborough, we can see a clear increase in the property price and a slight decrease when it came to the number of sales, when compared to May 2021. We can now turn our attention to the map below and get an even closer look at the Hamilton real estate market.

average-price-by-district-may-2022

Average Price by District

The above map, Average Price by District, illustrates the number of sales and the average price of a residential property within the Hamilton real estate market area. The sub areas are located within each neighbourhood to help us better break down these numbers, they show us the number of sales reported in May 2022. The sub areas to take note of are, 16, 42, 46 and 51.

RAHB reported that the sub area with the greatest number of residential property sales for May 2022 was area 51, located in Stoney Creek. There were a total of 94 sales with an average residential property price of $876,928.

The next area that we need to take note of is Flamborough, this area had the highest average residential property sale price. The average price of a residential property in this are was $1,522,099, with a total of 24 sales in May 2022. The final chart that we’ll review today is the Hamilton Residential Table.

hamilton-residential-table-may-2022

Hamilton Residential Table

Finally, we’ll review the above chart, Hamilton Residential Table, which allows us to take a closer look at the overall real estate statistics for the Hamilton area. It was reported by RAHB that the average price of a residential property in May 2022 was $901,535. This was an increase of 13.5 per cent when compared to the previous year.

There were a total of 732 sales of residential properties in May 2022, this was a decrease of 35.3 per cent compared to the same time last year. When it came to new listings, there were a reported 1,617, an increase of 12.4 per cent compared to May 2021.

The chart also allows us to see how many days a listing remained on the market, in May 2022 the average number of days was 14.4 days. This was an increase of 2.2 days when compared to the same time last year. The median price of a residential property was $820,000, this was an increase of 12.3 per cent compared to May 2021.

REALTORS® Association of Hamilton-Burlington May 2022 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 1,232 sales of residential properties within the RAHB market area for May 2022. When it came to residential property sales, there was a decrease of 20.7 per cent month over month. Sales were reported to have had a decrease of 39.1 per cent when compared to the same time last year.

It was reported that there were a total of 834 sales of detached properties within the RAHB market area in May 2022. This was a 3.8 per cent decrease month over month and a 32 per cent decrease compared to the same time last year. The average price of one of these properties was reported to be $1,110,298, this was an increase of 17.7 per cent compared to May 2021.

RAHB reported that there were a total of 239 sales of townhouses in May 2022, with an average propriety price of $817,253. While the the number of sales saw a decrease of 30.5 per cent, they saw an increase of 14 per cent in the sale price compared to the same time last year. There were a total of 481 new listings of this type of property, which was an increase of 19.7 per cent compared to May 2021.

Apartment-style properties had 143 sales within the entire RAHB real estate market area, this was a decrease of 3.8 per cent compared to the same time last year. There were a reported 295 new listings of apartment-style properties in May 2022, which was a decrease of 36.7 per cent compared to the same time last year. While the average price of an apartment-style property was $669,477, an increase of 25.6 per cent compared to the previous month.

“Overall, sales activity was below typical May levels likely due to buyers sitting on the sidelines as mortgage interest rates continue to rise. In May, the residential average sale price also dipped marginally from the previous month to $995,408, just below the million dollar mark, for the first time this year after holding steady since January 2022. However, as increased inventory comes to the market, buyers have more selection, which may also lend to further negotiation power.” - RAHB President Lou Piriano.

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 May 2022.

Contact a Sales Representative at Judy Marlsales

Do you have any questions about the Hamilton Real Estate Statistics for May 2022? One of the sales representatives at Judy Marsales would be happy help you, simply contact one of them today at one of our three locations.

If you’ve ever wondered what you home might be 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 and helping you find the home you’ve been looking for.


Hamilton Real Estate Market Statistics for April 2022

 Thursday, May 5, 2022     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 1,298 sales of residential properties within the RAHB market area for April 2022. These statistics in this article reflect the entire RAHB market area and also just the Hamilton real estate market area.

When it came to the amount of sales of residential properties for the month of April 2022, there was a decrease of 20.7 per cent month over month. Sales were reported to have had a decrease of 31.3 per cent when compared to the same time last year.

RAHB reported that new listings in the entire market area had a 3.6 per cent decrease month over month, with a total of 2,451 sales. Compared to the same time last year this was a 7 per cent decrease.

When we look at what the average residential sale price was in the entire RAHB market area we can see that it was reported to have been $1,013,081 in April 2022. This was a 5.6 per cent decrease when compared to March 2022 and an 18.2 per cent increase when compared to April 2021.

The above chart, Residential Market Activity, allows us to see the number of sales and the average residential sale price for each area within Hamilton. We are then able to compare these numbers to the same time last year.

It was reported by RAHB that the area with the greatest number of residential property sales was the Hamilton Mountain. This area reported a total of 183 sales, with an average residential property price of $891,355. While there appeared to be a decrease in the number of sales, there was an increase in the average sales price of a residential property when compared to April 2021.

Now, taking a look at the area that was reported to have had the highest average residential property price we can once again look at Flamborough. This area reported that the average price of a residential property was $1,554,369, with a total of 29 residential property sales. Similarly to the Hamilton Mountain, we see that there was a decrease in the number of sales, but an increase in the residential sale price when compared to the same time last year.

It’s important that we also take note of the Burlington area, it was reported that there were a total of 276 sales. This is the greatest number of sales featured in the above chart. When it came to the average residential sale price, it was reported to have been $1,228,723. Once again we’re seeing a decrease in the amount of sales but an increase in the residential property price, when compared to April 2021. Let’s now take a look at the below map and get a closer look at each neighbourhood within Hamilton.

average-price-by-district-april-2022

Average Price by District

The above map, Average Price by District, illustrates each area within the Hamilton real estate market. The map allows us to see what the average price was and the number of sales there were in April 2022. The sub areas that we need to take note of for April 2022, that had the greatest number of sales, were; 42, 46, 50, 51 and 53.

It was reported by RAHB that the sub area with the greatest number of sales was area 51, located in Stoney Creek. This area had a total of 60 sales, with an average residential sale price of $1,033,685.

RAHB reported that when it came to the area that had the highest average residential property, it was once again Flamborough (40, 43, 44, 45). This area reported that the average residential property price was $1,554,369, with a total of 29 sales. The final chart we’re going to review is the Hamilton Residential Table, we can get a look at the overall numbers for Hamilton.

hamilton-residential-table-april-2020

Hamilton Residential Table

The final chart we’ll review today is the above chart the, Hamilton Residential Table, giving us a closer look at the overall number for the Hamilton area. It was reported by RAHB that the average price of a residential property was $949,149. This was a 20.9 per cent increase when compared to the same time last year.

When it came to the amount of sales, RAHB reported that in Hamilton there was a decrease of 33.9 per cent, when compared to the previous year, with a total of 783 sales. New listings also saw a decrease in April 2022, with a total of 1,466 this was a 14.1 per cent decrease compared to the same time last year.

The chart also shows us that when it came to the average number of days a listing remained on the market the same with a total of 10 days. The median price of a residential property had a 17.6 per cent increase when compared to April 2021, to $870,000.

REALTORS® Association of Hamilton-Burlington April 2022 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 1,298 sales of residential properties within the RAHB market area for April 2022. Residential property sales had a decrease of 20.7 per cent month over month. Sales were reported to have had a decrease of 31.3 per cent when compared to the same time last year.

When we look at the average price of a detached single-family property for April 2022 we can see that it was $1,135,799 for the entire RAHB market area. This is an 18.9 per cent decrease compared to the same time last year.. There were 867 sales, which was a 21.3 per cent decrease month over month. When compared to April 2021, sales had a 32.1 per cent decrease.

Townhouses in the RAHB market area had a total of 232 sales, this is a decrease of 38.9 per cent compared to the same time last year. The market area saw a total of 466 new townhouse listings, this was a decrease of 11.7 per cent when compared to April 2021. It was reported that the average sale price of a townhouse was $865,862. This was an increase of 21.3 per cent when compared to the same time last year.

Finally, when we look at the numbers for apartment-style properties we can see that there were a total of 184 sales within the entire RAHB market area. The average price of one of these properties in April 2022 was $647,411, a 6.5 per cent decrease compared to the same time last year. New listings of apartment-style properties were reported to have been a total of 284. Which is a decrease of 6.3 per cent when compared to the previous year.

“With the exception of last year, new listings coming to market exceed that of every other April for the last ten years. With the increase in inventory, buyers are finally experiencing more choices in the market. While inventory is still below the norm, we finally see signs of a more balanced market as the number of active listings increases. The rise in interest rates has likely attributed to a decrease in the number of sales month over month in every residential property category across the RAHB market area. While average prices remain strong, and still above the $1 million mark, we did experience another dip for the second month in a row.” - RAHB President Lou Piriano.

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 April 2022.

Contact a Sales Representative at Judy Marlsales

If you have any questions about these Hamilton Real Estate Statistics, please feel free to contact one of our sales representatives at one of our three locations. You might also be interested in what your home might be worth, give our What’s My Home Worth calculator a try!


Hamilton Real Estate Market Statistics for March 2022

 Wednesday, April 6, 2022     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 1,637 sales of residential properties within the RAHB market area for March 2022. These statistics reflect the total RAHB market area. When it came to the sales of residential properties, they were reported to have had an increase of 33.3 per cent month over month. However, they were reported to be down 21.1 per cent when compared to March 2021.

When it came to new listings within the RAHB market area, there were reported 2,542 new listings. This was a 51.7 per cent increase month over month. However, it was a 6.2 per cent decrease when compared to the same time last year.

The average price of a residential property within the RAHB market area was reported to be $1,073,345. This was a 2.7 per cent decrease month over month and a 22.8 per cent increase when compared to March 2021.

The above chart, Residential Market Activity, helps us to see the number of sales and the average cost of a property for the month of March 2022. We can then compare those numbers to the same time last year and see how the market has changed.

RAHB reported that the area with the greatest number of sales in March 2022 was Stoney Creek. This area had a total of 151 residential property sales with an average property price of $1,060,945. When it came to the number of sales, Stoney Creek saw a slight decrease, but when it came to the average property price there was a significant increase.

The area that had the highest average residential property price was Flamborough. It was reported that the average price of a residential property for March 2022 was $1,644,225. Flamborough had a total of 32 sales, which was only a slight decrease compared to the same time last year.

We can also take a look at Burlington, which had the highest number of residential property sales, with a total of 359 sales. The average price of a property in Burlington was reported to be $1,305,593, this was an increase when we compare it to March 2021.

Ancaster is another notable area that we can review, with a total of 77 sales and an average residential property price of $1,361,621. This area had one of the highest average property prices for the month of March 2022. To get a more in depth look, we can review the below map for more information about property prices and sales.

average-price-by-district-march-2022

Average Price by District

The above map, Average Price by District, illustrates each area within the Hamilton market area. It allows us to see what the average residential property price was in Hamilton and the surrounding areas as well as the number of sales. The sub areas that we need to take note of, that had the most sales, for the month of March 2022 were; 16, 42, 50, 51 and 53.

RAHB reported that the sub area with the greatest number of sales was area 51, located in Stoney Creek. There were a reported 89 sales in this area with an average residential property price of $1,058,858. The average residential property price for all of Stoney Creek was reported to be $1,060,945, with a total of 151 sales.

It was reported that Flamborough had the highest average residential property price of $1,694,225, with a total of 32 sales for March 2022. Flamborough covers the sub areas, 45, 43, 44 and 40. We can now take a look at the final chart, Hamilton Residential Table, and get an overall look at the Hamilton real estate statistics.

hamilton-residential-table-march-2022

Hamilton Residential Table

Finally, we can review the, Hamilton Residential Table, it helps us to see the overall numbers for the Hamilton real estate market area. RAHB reported that the average price of a residential property was $1,003,193. This was a 24.6 per cent increase when compared to the same time last year.

It was also reported that there were a total of 984 sales of residential properties in March 2022. Which is a 24.5 per cent decrease when compared to the same time last year. New listings had a 10.6 per cent decrease when compared to March 2021, with a total of 1,525.

We’re even able to see the average days that a listing remained on the market. In March 2022 the average amount of days a listing remained on the market was 9.1 days, that’s 2.8 days less than the same time last year. The median price of a residential property was reported to be $919,000, this was a 23.9 per cent increase compared to March 2021.

REALTORS® Association of Hamilton-Burlington March 2022 Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,637 sales of residential properties within the RAHB market area for March 2022. The sales of residential properties saw an increase of 33.3 per cent month over month. However, it was reported that they were down 21.1 per cent when compared to March 2021.

When it came to the average price of a detached single-family home, it was reported to have had a 4 per cent decrease in Hamilton month over month. While Burlington saw a 12 per cent decrease in March 2022. RAHB reported that while Hamilton and Burlington saw these decreases, overall both markets remain higher than they were in March 2021.

The sales of townhouses in the RAHB market area in March 2022 had an increase of 45.2 per cent month over month. However, when compared to the same time las year there was a 26.4 per cent decrease. It was reported that there were a total of 528 new listings of townhouses in march 2022, this was a 65.5 per cent increase compared to the previous month. The average price of a townhouse in the RAHB Market area was $929,901, this was a 1.1 per cent decrease month over month.m

RAHB reported that there were 206 sales of apartment-style properties in March 2022. This was a 10.7 per cent increase month over month. When we compared this to March 2021 we can see there was a 5.9 per cent decrease. New listings of apartment-style properties had an increase of 55.5 per cent month over month, with a 10.3 per cent increase compared to March 2021. The average price of this type of property was $692,400, this was a 3.4 per cent increase month over month and a 32.2 per cent increase compared to the same time last year.

“The overall number of residential transactions in March was the second-highest recorded in ten years. After the first quarter, sales activity is on pace to surpass the 15,000 mark for the second consecutive year. Across the RAHB market area, there was a slight dip in the residential average sale price, although it did remain over the $1,000,000 mark. We do not see the dip in the average sale price after one month of change as a trend or permanent circumstance. The residential market for all dwelling types continues to have less than one month of inventory which means it would take approximately 20 days to sell all the properties available. We are still experiencing a seller’s market fuelled by high demand and low supply. A balanced market typically has two to three months of inventory.” - RAHB President Lou Piriano

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 March 2022.

Contact a Sales Representative at Judy Marsales

If you have any questions about the Hamilton Real Estate Market Statistics for March 2022, please feel free to contact one of our sales representatives at one of our three locations. Have you been wondering what your property might be worth? Try our What’s My Home Worth calculator and find out right now.