Residential Market Activity
The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,226 sales of residential properties within the RAHB market area for September 2021. When it came to sales, there was a two per cent increase when compared to the previous month. However, sales saw a 30 per cent decrease when compared to September 2020.
New listings within the entire RAHB market area had a 14 per cent increase since the previous month, but a 26 per cent decrease from the same time last year. It was also reported that the average residential property price was $881,656, this is a five per cent increase from August 2021 and a 22 per cent increase when compared to September 2020.
The above chart, Residential Market Activity, shows us how the Hamilton and surrounding areas did in terms of sales and the average property price for September 2021. It also compares these numbers with the same time last year. This way we are able to get a look at what areas had increases or decreases.
It was reported that the area that had the greatest number of sales for September 2021 was the Hamilton Mountain. With a total of 191 sales and an average residential property price of $784,667. This is a significant increase when compared to the same time last year.
The area that had the highest average residential property price was Flamborough. Here the average price of a residential property was $1,222,475. Flamborough also reported a total of 24 sales for September 2021, a decrease of 8.4 per cent when compared to the same time last year. To get a closer look at each neighbourhood in Hamilton we can take a look at the below map.
Average Price by District
The above map, Average Price by District, illustrates to us how each neighbourhood within the Hamilton and surrounding areas did in September 2021. The sub areas to take note of were; 16, 17, 23, 42 and 51. Each of these sub areas had the greatest number of residential property sales for September.
It’s also clear on this map that Flamborough once again had the highest average residential property price, which was reported to be $1,222,475. The Hamilton Mountain had the greatest number of sales with a total of 191 sales. The sub area that reported the greatest number of sales was area 51, which is located in Stoney Creek, with a total of 67 sales. The average property price in this sub area was reported to be $809,269. We can now take a look at the final chart below and learn more about Hamilton’s real estate statistics for September 2021.
Hamilton Residential Table
The final chart we’ll review is the, Hamilton Residential Table, it allows us to see the overall real estate statistics for September 2021. In Hamilton it was reported that there were a total of 737 sales of residential properties. This is a 30 per cent decrease when compared to the same time last year.
There was a 20 per cent increase when it came to the average residential property price to $796,611. While the median residential property price had a 21 per cent increase to $745,000. It was also reported that there was a total of 940 new listings, this was a 25 decrease when compared to the same time last year.
REALTORS® Association of Hamilton-Burlington September 2021 Statistics
The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,226 sales for September 2021. When it came to sale, it was reported to be down 30 per cent when compared to September 2020, and were also reported to be down two per cent when compared to the previous month. The average price of a residential property was reported to be $881,656, an increase of five per cent from the previous month and 22 per cent compared to the same time last year.
When we look at the numbers concerning detached homes the RAHB area, we saw a bit of an increase when it came to the number of new listings when compared to August 2021. “The average price for single family detached properties is creeping back up to the record high that we recorded earlier this year,” says, RAHB President Donna Bacher.
Townhouse sales had a decrease in sales compared to August 2021. With the number new listings of townhouses had a 17 per cent increase, and the average sale price had a two per cent increase to $758,338. Apartment-style properties in the RAHB market area had a 10 per cent increase month over month, with an average price of $626,794, which is a 18 per cent increase when compared to August 2021.
“After months of relatively flat prices, September’s historically low listing and inventory levels have moved the average sale price to a new record. The demand remains strong and the supply remains low. Overall, we need more supply on the market to meet the demands of buyers and investors. There’s nothing on the horizon to indicate that October will be any different.” - 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 September 2021.
Contact a Sales Representative at Judy Marsales
If you have any questions about the September 2021 statistics please contact one of our sales representatives at one of our three locations. Have you ever been curious about what you home is worth? Give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.