By reviewing the above chart, Residential Market Activity for RAHB Areas we're able to get an overview how of the market did during the month of June 2019. It's very clear that the area with the highest number of sales was once again the Hamilton Mountain with 176 sales and an average listing price of $469,101.
It's also important to note that the average sales price for the Hamilton Mountain has increased when compared to the same time last year. Other areas to note that have had a high number of sales were Hamilton East and Stoney Creek, both had 109 sales.
The chart also helps us to better understand what areas had the highest number of sales and what the average sale price of a property was. Flamborough has once again had the highest costing properties in the Hamilton area with an average price of $788, 273. Next we'll take a look at the Average Residential Price by District map for June.
The map, Average Residential Price by District for June, illustrates each area with their total number of sales for the month and what the average price of a residential property was. We can clearly see that the areas with the highest number of sales were sub areas 16, 17, 23, 42, 50 and 51.
Lets now review what the areas were with the highest average costing properties were, Ancaster, Flamborough, Stoney Creek and Waterdown. You can also take a look and see what your areas average cost of a home was for the month of June 2019.
It's very interesting to see how the market changes month to month and year to year. We can also take a look back and compare to the same time last year. And now we're going review next chart, the Hamilton Residential Table to better understand how the market did for June.
The above chart, Hamilton Residential Table shows us that the sales activity has increased when compared to the same time last year. With 789 sales for the month of June with an 11% increase. There were 1,209 new listings reported with an average listing price of $538, 106. This is a 5% increase when compared to the average listing price at the same time last year.
It's also important to note that the average days on the market decreased from 27 days to only 25 when compared to June 2018. Now we can take a more in depth look at the over all RAHB area and the numbers that were reported for June 2019.
RAHB Statistics for June 2019
It was reported by RAHB that there were a total of 1,203 residential sales for June 2019. With an average price for residential properties increasing by 5.2% from June 2018 to $593, 549. It was also reported by RAHB that the number sales of single family properties within the RAHB area market increased by 11.6% compared to the same time last year.
"The number of sales and average price is up over June 2018, showing that the market is edging higher since it balanced out last year. Sales have dropped compared to May and April of this year, but paired with a decrease of about 4% in the number of new listings this could indicate the market is tightening." - 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 June 2019.
Contact a Sales Representative
Are you thinking about making a move and need to help you find the right home? Maybe now is the 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.