The statistics for the September 2019 real estate market are in. They were provided by the REALTORs Association of Hamilton Burlington (RAHB). There were a recorded 1,020 sales of residential properties. September sales are down from August and July, however, they're up over September 2018 by 3.2%. And the average price of a residential property increased by 8.5% from September 2018 to $609,562.
Let's now turn our attention to the chart above, Residential Market Activity for RAHB Areas. We can see that the Hamilton Mountain had a total of 168 sales with an average property selling for $494,816. This area had the highest number of sales for the month of September.
The area coming in at second place for the highest number of sales was Stoney Creek with a total of 110 sales and an average price of a was $629,272. It should also be noted that the area with the highest costing properties were in Ancaster with an average property listed for $820,318. We can take a look at the map below and see an overview of each area and note the number of sales and the average cost of a property.
The above map, Average Residential Price by District, illustrates each area in Hamilton. We can clearly see each area and the number of sales and their average property cost for September 2019. It should be mentioned that sub areas, 17, 41, 42, 50, 51 and 53 had the highest number of sales for the month.
We can also see that the areas with the highest average cost of a property were Ancaster, Flamborough and Glanbrook. For example, we saw the average cost of a property in Ancaster reported at $820,310. Next we'll turn our attention to the chart below to the Hamilton Residential Table.
By looking at the chart above, Hamilton Residential Table, we can see how the Hamilton real estate market was for September 2019. The chart breaks the numbers down for us so that we can have an even better understanding. There were a reported 655 sales for the month of September 2019. That's a 10% increase compared to the same time last year.
The average listing price of a property increase to $554,784 which was a 10% increase from September 2018. And there were a reported 1,196 new listings recorded for the entire month with the average 28.9 days on the market.
RAHB Statistics for September 2019
For the month of September 2019 there were a reported 1,020 sales of residential properties for the entire RAHB area. September sales are down from August and July but up from September 2018 by 3.2%.
"With an increase in the number of homes currently available, and a more relaxed pace in the market, this may be an ideal opportunity for buyers to purchase their dream home. Average sale prices were up from September 2018 in all four of RAHB’s major communities, yet property activity varied when we look at the smaller individual communities. This is why working with a local REALTOR® is so important – we have the data, resources and first-hand knowledge of the communities in which we live and work.” - RAHB President Bob Van de Vrande.
For More Information About These Statistics
If you're looking for more in-depth statistics and matrix, please refer to RAHB's Hamilton Real Estate Statistics for September 2019.
Contact a Sales Representative at Judy Marsales Real Estate
Now that we've reviewed the September statistics for 2019 you might have some questions. Contact one of our sales representatives today and they'll be happy to answer any questions. Have you been curious about what your home is worth? You can find that out now by trying our What's My Home Worth calculator.