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.
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.
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.