Let's review the above chart, Residential Market Activity for RAHB Areas, so we can get an overview how of the market did during the month of July 2019. It's very clear that this was a strong month for the Hamilton markets. The areas that had the highest number of sales were the Hamilton Mountain and Stoney Creek.
The Hamilton Mountain saw 183 sales with an average listing price of $574,796. And Stoney Creek reported 112 sales with an average listing price of $562,277. Both areas had an increase in both the number of sales and the average listing price of a property, when compared to the same time last year.
The chart also indicates to us what area had the highest costing properties. This was once again the area of Flamborough with an average listing price of $863,031. Now let's turn our attention to the map below, Average Residential Price by District, and we can get an even better idea of how each area did for the month of July 2019.
Take a look at the above map, Average Residential Price by District for June. It illustrates each area with their total number of sales for the month and what the average price of a residential property was. You can take a look at your area or one you wish to move to and see what the average cost of a properties was and how many sales were reported for July 2019.
We can see that once again the areas with the highest number of reported sales were sub areas, 16, 18, 42, 51 and 53. And Flamborough reported the highest average cost of a property, similarly to last month. Next we can view the chart below, Hamilton Residential Table, and see what the sales activity was like for the month of July 2019.
Please see the above chart, Hamilton Residential Table, this chart shows us that the sales activity has increased when compared to the same time last year. There were a reported 747 sales for the month of July 2019, this was a 6% increase from the same time last year.
And there were 1,114 new listings reported in the Hamilton area with an average listing price of $553,749. We also like to note the number of days a property was on the market. For July 2019 the average days a property was on the market was 29.4 days and the median days was 19.
RAHB Statistics for June 2019
There were 1,170 sales of residential properties located within the RAHB market for July 2019. This is a 10.3% increase from July 2018 and the average price for a residential property increased by 0.9% from July 2018 to $593,702.
"A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer. Average prices have stayed fairly stable since the spring high, which could point toward a healthy fall market when we could see the number of sales edge higher again." - RAHB President Bob Van de Vrande
For More Information About These Statistics
If you’re looking for more in-depth statistics and additional metrics, please refer to RAHB's Hamilton Real Estate Market Statistics for July 2019
Contact a Sales Representative
Have you been thinking about moving? This might be the right time to contact one of Judy Marsales sales representatives. They would also be happy to discuss these June 2019 market statistics with you. And also what the next steps are in selling your home. And if you’re wondering what your home is worth, try our What's My Home Worth Calculator.