Monday, December 6, 2021     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 1,199 sales of residential properties within the RAHB market area for November 2021. When it came to sales, it was reported to have had a decrease of almost 10 per cent compared to October 2021. Sales were down three pre cent when compared to November 2020.

The average price of a residential property within the RAHB market area was reported to be $911,673 in November 2021. This was a one per cent decrease from the previous month and a 27 per cent increase when compared to the same time last year.

The above chart, Residential Market Activity, shows us each area within the RAHB market area. We are also able to see what the average cost of a residential property was for November 2021 and then compare it to the previous year.

The area that had the greatest number if residential property sales was the Hamilton Mountain. There was a reported 181 sales in November 2021, with an average property price of $789,085. The chart also shows us that the area with the highest average residential property price was in Ancaster. The reported average residential property price in Ancaster was $1,219,930, with a total of 65 sales.

Another area to take note of was Flamborough, with an average residential property price of $1,185,026 and a total of 23 sales. Finally, Waterdown had the third highest average residential property price of $1,152,605 and a total of 31 sales for November 2021. To get an even closer look at the areas within Hamilton, we can take a look at the below map, Average Price by District.

average-price-by-district-nov-2021

Average Price by District

The above map, Average Price by District, helps to illustrate each area within Hamilton and the surrounding areas. We can see the area that had the highest number of sales in November as well as the average price of a residential property. The sub areas that we need to take note of that had the greatest number of sales November 2021 are: 17, 41, 42 and 51

When it came to the area that had the highest residential property price, we can see that it was Ancaster. With an average residential property price of $1,219,930, with a total of 65 sales for November 2021.

The above map also shows us that the area that had the greatest number of sales for November was sub areas 51 and 42. Area 51 is located in Stoney Creek and had a total of 63 sales and an average property price of $860,082.

Area 42 is located in Ancaster, where there were a total of 65 sales and an average property price of $1,219,930, as mentioned above. Next we can turn our attention to the final table below and get a closer look at the real estate statistics for Hamilton.

hamilton-residential-table-nov-2021

Hamilton Residential Table

Finally we can take a look at the, Hamilton Residential Table, and review the overall real estate statistics for Hamilton in November 2021. It was reported that in Hamilton the average residential property price was $835,640 that’s a 28 per cent increase compared to the same time last year.

We can also clearly see that when it came to sales activity there was a slight decrease of 3 per cent when compared to the same time last year, with 759 sales in November 2021. There were a total of 808 new listings, a five per cent decrease compared to the same time last year. Finally it was reported that the median residential property price was $780,400, a 29 per cent increase compared to November 2020.

REALTORS® Association of Hamilton-Burlington November 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,199 sales for November 2021. There was an almost 10 per cent decrease in sales when compared to October 2021 and there was a three per cent decrease when compared to November 2020. It was also reported that the average price of a residential property was $911,673.

Single family detached properties within the RAHB market area saw an 11 per cent decrease in November 2021, compared to the same time last year. While the number of new listings saw a 12 per cent decrease with an average price of $1,023,561.

Townhouses within the RAHB market area saw a 14 per cent decrease in sales when compared to October 2021. While the number of new listing decreased by 13 per cent, the average price of a townhome had an increase of four per cent to $792,056.

Apartment-style property sales within the RAHB market area in November 2021 had 177 sales. The number of new listings had a 2 per cent decrease compared to the previous month. It was also reported that the average price of an apartment-style property had a decrease of six per cent to $564,827.

“Following a record average residential sale price in October, the average sale price held strong in November dipping by only one per cent. This month we experienced fewer properties changing hands and fewer new listings coming to the market overall, which is not unusual as we move closer to the end of the year. We have also never seen inventory this low as the level of active listings and months of inventory available continue to fall. We expect the same story in December which typically sees lower activity levels in general.” - 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 the Hamilton Real Estate Statistics for November 2021.

Contact a Sale Representative at Judy Marsales

If you have any questions and would like to contact one of our sales representatives to learn more about the November 2021 real estate statistics, they would love to help. Have you ever wondered what the price of your home might be? Try our What’s My Home Worth calculator and find out!


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