Friday, January 7, 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 877 sales of residential properties within the RAHB market area for December 2021. Sales of residential properties were reported to have had a decrease of 32 per cent compared to November 2021 and a decrease of 11 per cent compared to the same time last year.

New listings were reported to have had a decrease of 50 per cent compared to the previous month, and six per cent compared to December 2020. When it came to the average price of a residential property there was a two per cent increase compared to November 2021 to $931,787, this was a 27 per cent increase when compared to the same time last year.

The above chart, Residential Market Activity, allows us to see each area within the RAHB market area. We are able to see what the average price of a residential property was and how many sales there were for the month. We can then compare those numbers to the same time last year and see if there were decreases or increases. 

It was reported that the area with the greatest number of residential property sales in December 2021 was the Hamilton Mountain. There were a total of 127 sales and with an average property price of $883,826.The above chart also shows us what area had the highest average property price. For December 2021 that area was Ancaster, with an average property price of $1,353,962. This was an increase when compared to the same time last year. Ancaster also reported to have had a total of 28 sales, which is a decrease compared to December 2020.

Another area to take note of is Flamborough, which had the second highest average property price of $1,326,038. This area reported a total of 10 sales for December 2021, a slight decrease when compared to the same time last year. We can now take a look at the below map and get an even more detailed look at sales and residential property prices within the Hamilton real estate market.

average-residental-price-by-district-dec-2021

Average Price by District

The above map, Average Price by District, illustrates which areas the average residential property prices within the Hamilton area. It also allows us to see how many sales there were within each area. The sub areas that we need to take note of for December 2021, that had the greatest number of sales were; 16, 42, 51 and 53.

It was reported that the area with the highest average residential property price was Ancaster, located in sub area 42. The price of a residential property in this area was $1,353,962, with a total of 28 sales.

The above map also shows us the sub area that had the greatest number of residential property sales for December 2021. This area was area 51 which is located in Stoney Creek, with a total of 49 sales and an average property price of $950,000. We can now take a look at our final chart below and get a look at Hamilton’s overall real estate statistics.

hamilton-residential-table-dec-2021

Hamilton Residential Table

Finally let’s take a look at our final chart the, Hamilton Residential Table, and we can review the overall real estate statistics for December 2021. It was reported that the average residential property price was $861,695, this is a 30.1 per cent increase compared to the same time last year.

When it came to the sales of residential properties, there was a reported 532 sales, which was a decrease of 7.8 per cent compared to December 2020. New listings also saw a decrease, this time of 6.9 per cent with a total of 402 new listings.

The average number of days a property stayed on the market was 14.7 days, that’s a decrease of 5.7 days compared to the same time last year. It was reported that the median sale price of a property in Hamilton in December 2021 was $820,000, this was a 33.3 per cent increase.

REALTORS® Association of Hamilton-Burlington December 2021 Statistics

To summarize, the REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 877 sales of residential properties within the RAHB market area for December 2021. When it came to the sales of residential properties were reported to have had a decrease of 32 per cent compared to November 2021 and a decrease of 11 per cent compared to the same time last year.

Single family detached properties within the RAHB market area had an average property price of $1,000,000. There were reported to be less than 200 new listings in the market area. When it came to the number of sales for townhouses, RAHB reported that there was a 34 per cent decrease when compared to November 2021. There was also a decrease of 42 per cent when to came to the number of new listings of townhouses.

When we take a look at the number of sales for apartment-style listings within the RAHB market area, we can see that there was a 35 per cent decrease when compared to the same time last year. While the number of new listings saw a 42 per cent decrease when compared to November 2021. It was also reported that the average sale price of an apartment-style property was $616,064, this was an increase compared November 2021.

“December 2021 saw a new residential average sale price record to close out the year. The number of properties changing hands in December did not rival the momentum from December 2020, however, we have never seen the months of inventory and active listings available this low before. Generally, most people wait until after the holidays to list their homes, but with approximately 300 residential properties on the market heading into 2022, we are expecting to continue to see tight conditions with such low levels of supply.” - 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 December 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the December 2021 real estate statistics and would like to contact one of our sales representatives to learn more, you can at any 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. All of us at Judy Marsales are looking forward to working with you and helping you find the right home.


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