The REALTORS Association of Hamilton-Burlington (RAHB) have released their September 2020 statistics. This article will review these statistics and summarize them. It was reported that sales were up 37.67 per cent over the last month, and up 53.9 per cent compared to September 2019.
It was also reported that new listings saw an increase of 32.67 percent over August 2020 and up 8.5 per cent over September 2019. The average price of a residential property was reported to be $721,354, an increase of 3,8 per cent from the previous month, and up 19.8 per cent from September 2019. The number of active listings for the month saw a decrease of 40.4 per cent when compared to the same time last year.
The above chart, Residential Market Activity, show us what neighbourhoods had the most sales for September 2020, and the much more. In September 2020 is was reported that the Hamilton Mountain had a total of 269 sales of residential properties, with an average sale price of $542,192. A neighbourhood to take note of is Stoney Creek, with a total of 221 sales and with an average sale price of $640,075.
Finally, we can look at the neighbourhood of Hamilton Centre, with a total of 157 sales and an average price of $435,797. For a more in-depth look at each area within the Hamilton Greater Area, we can take a look at the below map, Average Residential Price by District.
The above map, Average Residential Property Price by District, illustrates each area within the Hamilton surrounding areas. The neighbourhoods to take note of that had the highest number of sales for September were; 42, 51 and 53.
Stoney Creek saw a of 221 sales in September (areas 50, 51, and 52), with an average property price of $640,075.Flamborough was once again the area with the highest average residential property price, $1,043,101. Take a look at the next chart below, Hamilton Residential Table.
Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's September 2020 statistics. There were a reported 1,751 sales of residential properties in the RAHB market area, and a total of 1,056 in the Hamilton. There was an increase of 53 per cent in residential property sales compared to last year.
The average price of a residential property was reported to be $664,330, which is 22 per cent increase. It was also reported that the average days a property was on the market was 11 days, this is 8 days less than the previous year. However, active listings did see an decrease of 44 per cent to 908 in September 2020.
REALTORS® Association of Hamilton-Burlington September 2020 Statistics
In September RAHB reported 1,751 sales of residential properties for the month of September 2020. Sales of residential properties were reported to be up by 37.67 per cent. The average property price had a reported increase pf 3.8 per cent to $721,354. There was a reported 1,056 sales within the Hamilton market area, an increase of 53 per cent.
“September is typically a busy month as we move into the Fall market; however, activity was some of the highest we have seen. Sales significantly increased in September over last month and last year, and average price was up 10 to 20 per cent in all of our major RAHB communities for those same time periods. We also saw an increase in new listings in our area; however, there is a low number of active listings, which was down in September by over 40 per cent compared to the same month last year. This low inventory is driving the average price higher.” - RAHB President Kathy Della-Nebbia
For More Information About These Statistics
If you're looking for a more in-depth matrix of these statistics, please refer to Hamilton Real Estate Statistics for September 2020.
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