In the above chart, Residential Market Activity for RAHB Areas, we're able to have an overview of April 2019. The Hamilton Mountain had 177 sales and Hamilton Centre had 121 for the month of April 2019. The spring real estate market in Hamilton is off to a great start. From the Bay to the Escarpment we can see how each area did in terms of total sales for the month. And we can compare it to the same time last year, as well as the average cost of a home in each area.
Similarly to the first chart we're able to view each area in Hamilton and the surrounding areas. The Average Residential Price by District map illustrates the number of sales each area had plus the average cost of a home. For example sub areas 15, 17, 20, 23, 28 and 53 had the highest number of sales overall for the month of April. And sub areas 40, 42, 43, 44, 45, 52 and 53 (Waterdown, Flamborough, Glanbrook, Ancaster, Stoney Creek) had the highest average price of a home for the month. This map is a great way to see how the area that you live in did as well.
The Hamilton Residential Table indicates to us how Hamilton has done. The number of active listings when compared to the same time last year is showing an increase of 42% with 1,506 listings. And the average cost of a home in Hamilton has increased by 3% while the median price has increased by 7% at $504,000. There was a total of 769 sales which means there was an increase of 5% when compared to the same month last year. This is great for Hamilton showing us that the market is strong.
RAHB Statistics for April 2019
It was reported by the Real Estate Association of Hamilton Burlington (RAHB) that there were a reported 1,226 residential sales within the RAHB area. And it was reported that there was a 6.3% increase from April last year. There was an 18.8% increase over March 2019 and a 66.8% increase over February 2019.
We learned that the average price for a residential property has increased by 3.9% from April 2018 to $589,324 for the entire RAHB area. "It's encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017. Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for seller," said RAHB President Bob Van de Vrande.
For more in-depth statistics and additional metrics, please refer to RAHB's April 2019 Hamilton Real Estate Market Activity and HPI Report
Thinking About Moving? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator.