Residential Market Activity
The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020.
When it came to new listings, there was an increase of 65 per cent compared to the previous month, and up 53 per cent compared to the same time last year. It was also reported that he average price of a residential property for the entire RAHB area was $872,368, which is a 32 per cent increase compared to the same time last year.
The above chart, Residential Market Activity, shows us how each neighbourhood in Hamilton did in terms of sales and average price, plus much more. The area that had the highest number of sales for March 2021 was the Hamilton Mountain, with a total of 293 sales of residential properties. The Hamilton Mountain had an average property price of $737,114, a significant increase compared to the same time last year. The area with the highest average property price was Flamborough at $1,348,714, with a total of 37 sales. Let’s now turn our attention to the map below and get a closer look at each area within Hamilton.
Average Price by District
The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 18, 42, 46, 51 and 53.
Ancaster, located in area 42, had the highest number of sales with 100 for the month of March 2021. It was reported that in this area the average cost of a residential property was $1,142,559. Flaborough once again had the highest average price, it was $1,348,714 with a total of 37 sales for the month of March 2021. We can now take a look at the final chart the HamiltonResidential Table.
Hamilton Residential Table
The final chart, Hamilton Residential Table, let’s us take an even closer look at the overall statistics for Hamilton. There were a reported 1,302 sales of residential properties in the Hamilton area, that’s a 74 per cent increase compared to the same time last year. The average cost of a property was $804,223, which is a 32 per cent increase compared to March 2020. The average days a property was on the market was 12 days, that’s 10 days less than the same time last year.
REALTORS® Association of Hamilton-Burlington March 2021 Statistics
The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 2,074 sales of residential properties in March 2021. Sales were reported to be up by 63 per cent compared to last month, and up 73 per cent from March 2020. When it came to new listings there was an increase fo 65 per cent, with the average price of a residential property of $872,368.
When it came to the number of sales of detached single family homes, RAHB reported an increase of 74 per cent compared to the same time last year. Townhomes saw an increase in sales as well with an increase of 74 per cent, and an average sale price of $734, 970. Apartment-style properties sae an increase of 68 per cent in sales and an average price of $519,586,
“The RAHB market area was close to record-breaking activity with a 63 per cent increase in sales, a 65 per cent increase in new listings and an overall increase in inventory by 27 per cent since last month. With the spring housing market upon us and the vaccine rollout ramping up, it appears more homeowners are feeling comfortable listing their home and we have started to observe an upturn of active listings. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing March 2021 to March 2020.” - RAHB President Donna Bacher.
For More Information About These Statistics
If you're looking for a more in-depth matrix of these statistics, please refer to to the Hamilton Real Estate Statistics for March 2021.
Contact a Sales Representative at Judy Marsales
Do you have any questions about these March 2021 real estate statistics? Please feel free to contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What’s My Home Worth calculator.