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

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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. 


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. 


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. 

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