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

Hamilton Real Estate Market Statistics for March 2021

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

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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 pervious 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 November 2020 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

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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

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

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

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

average-price-by-district-oct-2020

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

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

hamilton-residential-table-oct-2020

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

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

REALTORS® Association of Hamilton-Burlington October 2020 Statistics 

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

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

For More Information About These Statistics

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

Contact a Sales Representative at Judy Marsales

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


Hamilton Real Estate Market Statistics for August 2020

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

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

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

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

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

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

hamilton-residential-table-aug-2020

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

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

REALTORS® Association of Hamilton-Burlington August 2020 Statistics 

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

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

For More Information About These Statistics 

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

Contact a Sales Representative at Judy Marsales 

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


Hamilton Real Estate Market Statistics for July 2020

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

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

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

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

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

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

hamilton-residential-table-july-2020

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

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

REALTORS® Association of Hamilton-Burlington July 2020 Statistics 

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

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

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

For More Information About These Statistics 

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

Contact a Sales Representative at Judy Marsales 

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