Wednesday, March 6, 2019
Local Hamilton Market Statistics
Let's take a look at the above chart, Residential Market Activity for RAHB Areas, and look at how Hamilton did during February 2019. Once again the Hamilton Mountain is the hottest area with a total of 115 sales, 17 more than February 2018. And Stoney Creek comes in at second place with a total of 70 sales for the month, another increase from the same time last year.
When we look at the map, Average Residential Price by District, it becomes clear which areas had the highest number of sales. And we are able to see the average price in each area. The area with the highest number of sales for February 2019 was from the Bay to the Escarpment (sub areas 16, 17, 18, 20). And the area with the most expensive homes were in Flamborough (sub areas 40, 43, 44, 45).
And finally we can take a look at the final chart, Hamilton Residential Table. This chart indicates to us how Hamilton has done overall for the month of February. New listings saw an increase of 9% with 770 sale and the average days on the market saw a decrease by a full day. It's also important to note that the price of a home saw an increase of 3% and was $487,439.
RAHB Statistics for Hamilton
There was a reported 735 sales of residential properties located in the RAHB area with a 4% drop from the same time last year. And there was a 24% increase over January 2019 with the average price of a home from February 2018 by 1.9% to $557,135.
"The trend for the past few months has been that more affordable properties and communities have been seeing gains, but this month the statistics vary regardless of the type of property and location. The numbers can change from one month to the next, and that's why it's best to work with a REALTOR® when buying or selling. They know their communities and have access to comprehensive data throughout the month." - RAHB CEO George O'Neil.
For more in-depth statistics and additional metrics, please refer to RAHB's February 2019 Hamilton Real Estate Market Activity and HPI Report
Are you considering selling your home? 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.