Trends in Canadian real estate market

Hamilton Real Estate Market Statistics for December 2020

 Monday, January 11, 2021     Kirsten McNamee     Real Estate Trends

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Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 913 sales of residential properties in December 2020. It was also reported that sales were down 24 per cent when compared to the same time last year. When it came to new listings it was reported that there was a decrease of 47.9 per cent when compared to November 2020. However, there was an increase of 34 per cent when compared to December 2019. The average price of a residential property was up by 1 per cent from last month and up 25.4 per cent over December 2019. The average price of a property in December 2020 was $729,853.

The above chart, Residential Market Activity, shows us what neighbourhoods in the Hamilton and surrounding area had the highest number of sales, and what their average property price was. The Hamilton Mountain had a total of 116 sales, making it the area with the highest number of sales. The average price of a residential property on the Mountain was $644,764.

When it came to the area with the highest average cost of a residential property, it’s once again Flamborough, with a total of 15 sales and an average price of $1,079,500. Let’s now turn our attention to the below map, Average Residential Price by District.

average-price-by-district-december-2020

Average Residential Price by District

The above map, Average Residential Price by District, illustrates each area in Hamilton, showing us the average price plus the amount of sales. Areas that we should take note of for December 2020, that had the highest number of sales were; 17, 42, 51 and 53.

Flamborough was once again the area that had the highest average residential property price, as mentioned in the section above. The average cost of a residential property in this area was $1,079,500 and it had a total of 15 sales. The area that had the highest number of sales in December 2020 was area 51, located in Stoney Creek. Now it’s time to take a look at our final chart, Hamilton Residential Table.

hamilton-residential-table-dec-2020

Hamilton Residential Table

Finally we can take review the Hamilton Residential Table and learn more about the statistics for the Hamilton area. This table breaks down the overall number for Hamilton’s December 2020 statistics. It was reported that there were a total of 577 sales of residential properties, a 30 per cent increase over December 2019 and a total of 913 sales in the entire RAHB market area.

The average price of a residential property in December 2020 was $661,783, which is a 15 per cent increase compared to the same time last year. It was also reported that the average days a property was on the market was 11.5 days, this is a 13.5 day decrease compared to the same time last year.

REALTORS® Association of Hamilton-Burlington December 2020 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of 913 sales in the entire RAHB market area in December 2020. That’s a decrease of 26 per cent when compared to sales last month, and an increase of 41.6 per cent when compared to the same time last year.

The number of listings saw a decrease of 47.9 per cent over November 2020 and the average price of a residential property was $729,853. This is a 1 per cent increase over last month and a 25.4 per cent increase over December 2019.

When it came to the sale of single family properties there was a 37.8 per cent increase in December 2020. It was also reported that the number of new listings was up by 34 per cent over the previous year and the average price saw an increase of 29.3 per cent to $829,226. Townhouses also saw an increase of 52.8 per cent in sales activity and new listings seeing an increase of 48.7 per cent. The average sale price of a townhouse increase by 23.3 per cent to $615, 775. Finally, apartment-style properties had a 43 per cent increase in sales from the same time last year, and new listings increased by 44.5 per cent. The acreage cost of an apartment-style property saw a 9.7 per cent increase to $475,330.

“We can see that the market has slowed from November, which is normal due to the holiday season, as well as increasing COVID-19 cases throughout the province, and more regions in Ontario placed into lockdown throughout December. Despite being in either the Red Zone (Control) or Grey Zone (Lockdown) throughout December, we do not see the effects on the number of sales and new listings that we did in the spring lockdown. This activity could be the result of continued low interest rates, coupled with increasing consumer confidence due to the approval of the COVID-19 vaccine in Canada.” Says 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 December 2020.

Contacts a Sales Representative at Judy Marsales

Have questions about these November 2020 real estate statistics? You can contact one of our sales representatives at of our three locations. If you've ever wondered what your home is worth, now you can find out by trying out What's My Home Worth calculator.


Hamilton Real Estate Market Statistics for October 2020

 Thursday, November 5, 2020     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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The REALTORS Association of Hamilton-Burlington (RAHB) have released their September 2020 statistics. There were a reported 1,615 sales of residential properties within the RAHB market area. Sales saw a decrease of 7.6 per cent over the same time last month, and up 23.7 per cent over the same time last year. 

New listings in October were 12.8 per cent less than they were in September 2020, and up 8.5 per cent from the same time last year. The average property price had an increase of 0.2 per cent to $721,523, and an increase of 19.8 per cent from October 2019. 

The above chart, Residential Market Activity, shows us what neighbourhoods had the most sales in October 2020. It was reported that the Hamilton Mountain had 247 sales with the average property price of $610,827. Another area to note is Flamborough, this area had the highest average property price of $1,106,337. We can now take a look at the map below and get a better overview of each area in Hamilton and see how many sales they had and their average residential property price. 

average-price-by-district-oct-2020

The above map, Average Price by District, illustrates each area in Hamilton and the surrounding areas. The areas to take note of for October 2020 are; 17, 42, 51 and 53 - each of these areas had the most number of sales. 

Stoney Creek saw a total of 153 sales in September (areas 50, 51, and 52), with an average property price of $701,120. Flamborough was once again the area with the highest average residential property price of $1,106,337. Lets now take a look at the next chart below, Hamilton Residential Table. 

hamilton-residential-table-oct-2020

Our final chart is the Hamilton Residential Table, this table breaks down the overall numbers for Hamilton's October 2020 statistics. There were a reported1,615 sales of residential properties in the RAHB market area, and a total of 983 in the Hamilton. This was a decrease of 22 per cent in residential property sales compared to last year.

The average price of a residential property was $662,511, this was an increase of 21 per cent when compared to the same time last year. It should also be noted that the average days a property was on the market was 18.8 days, the same time last year the average days on the market was 31 days. Active listings saw a decrease of 45 per cent with a reported 823. 

REALTORS® Association of Hamilton-Burlington October 2020 Statistics 

In October 2020, it was reported that there was a 13.3 per cent increase in the sale of family properties when compared to the same time last year. However, the number of new listings was down 14.7 per cent and the average sale price increase by 19.4 per cent to $795,415. Townhouse activity saw sales increase by 18 per cent over October 2019, with new listings increasing by 9.1 per cent. October also saw the average price of a townhouse increase by 16.6 per cent to $603,229. Finally, it was reported that apartment-style properties saw sales increase by 32.8 per cent, with an average sale price of $475,945.

“The trends this Fall are not reminiscent of what we would normally see – with October activity slowing slightly compared to September – and this is due to 2020 not being a typical year. As a result of COVID-19, we experienced a delayed Spring market and a surge in record activity over the Summer months when the province began to reopen. As a result of this unstable year, active listings at the end of each month are some of the lowest we’ve seen, exacerbating low inventory levels and continuing to drive average price.” - 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 October 2020.

Contact a Sales Representative at Judy Marsales

Have questions about these October 2020 statistics? You can contact one of our sales representatives at one of our three Hamilton locations. If you've been curious to know what your home is worth, give our What's My Home Worth calculator a try.


Hamilton Real Estate Market Statistics for September 2020

 Monday, October 5, 2020     Kirsten McNamee     Real Estate Trends

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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. 

average-price-by-district-sept-2020

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. 

hamilton-residential-table-sept-2020

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.

Contact a Sales Representative at Judy Marsales 

Have questions about these September 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for June 2020

 Tuesday, July 14, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their June 2020 Statistics. In this article we will review and summarize these statistics so that they can be better understood. RAHB reported a total of 1,304 sales of residential properties within the RAHB market area. It was also reported that sales were up in June 2020 by 53% compared to the same time last year. With the average price of a property up 13.7% to $675,223 and up 3% from May 2020.

When we take a look at the above chart, Residential Market Activity, it's clear that the Hamilton Mountain and Stoney Creek had the most sales in June. With the Hamilton Mountain reporting a total of 182 sales, and Stoney Creek reporting 136 sales. Flamborough only had 31 sales but had the highest average property price of $1,010,282. To get a better idea and to see each area in Hamilton, we can take a look at the map below. 

average-residential-price-by-district-june-2020

The above map, Average Price by District, illustrates a wonderful view of the entire Hamilton and surrounding areas. Showing us the number of sales and the average residential property price in each area. We can see right away that areas we need to note are; 40, 42, 43, 44 and 52. Each of these areas had the highest number of sales for the month of June 2020. 

According to the above map the areas that had the highest average property price were, Flamborough with an average property price of $1,010,282. The next area with one of the highest property price was Ancaster at $870,583. Now we can turn our attention to the chart below and dive a bit deeper into some overall numbers and how long properties were on the market in June 2020. 

hamilton-residential-table-june-2020-3

The final chart that we'll review in this article is the, Hamilton Residential Table, this table is able to break down the overall numbers for June 2020. We can see that in June 2020 there was a reported 825 sales, only a 4% decrease compared to the same time last year.

With the average price of a residential property being $619,049 we can see there was a 14% increase over June 2019. The average days a property was on the market also decrease by 4 days to only 21.6 days. Finally we can see that there was only a 10% decrease in the amount of listings in June, there were 1,160 and 1,024 active listings. 

RAHB June 2020 Statistics 

In June 2020 RAHB reported a total of 1,304 sales of residential properties, sales were up by 53% over May 2020 and only down 0.2% over June 2019. The average residential property price was reported to be up 13.7% to $675,223 and up 3% from last month. 

When we look at single family home sales, we can see it was reported that there was a decrease of 0.2%, with the average sale price seeing an increase of 13.7%. Townhouse sale activity saw an increase of 10% over June 2019, with the average sale price being $563,849. Finally, apartment-style properties had a reported decrease in sales by 13.5% in June 2020, with an average property price seeing an increase of 6.8%. 

"With the re-opening of the province, and the increased confidence in both the economy and the health of our communities, we are seeing higher activity in both sales and new listings throughout theRAHB market area. Typically, spring is busier than summer; however,COVID-19 seems to have pushed the market back a few months. Throughout the pandemic, the average price of a residential property in our market has held steady. If Ontario's recovery fromCOVID-19 continues, we shouldn't see a decrease; however, we are cautious that any relapse or second wave could slow the activity and affect average price." - 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 Market Statistics for June 2020

Contact a Sales Representative at Judy Marsales 

Have questions about these June 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator. 


Hamilton Real Estate Market Statistics for May 2020

 Friday, June 5, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their May 2020 Statistics. In this article we will review and summarize these statistics.RAHB reported a total of 852 sales within the residential market area for May 2020. Sales were down 42.2% over May 2019, and up 43.4% compared to last month. It was also reported that the average sale price of a residential property had a 10% increase over May 2019 to $655, 418. 

When we take a look at the above chart, Residential Market Activity, we see that the Hamilton Mountain once again had the greatest number of sales with a total of 132. The area also had an average property price of $561, 221. Another area that did quite well was Stoney Creek, with a total of 103 sales, and an average residential property price of $650, 580. Let's now turn our attention to the map below, where we can take a more in depth look at each neighbourhood in Hamilton. 

average-residential-price-by-district-for-may-2020

The above map, Average Residential Price by District, illustrates the entire Hamilton area by neighbourhood. Allowing us to see how each neighbourhood did in terms of the average property price for the month. Sub areas to take note of were; 16, 42, 51 and 53 - each of these areas had the highest average residential property price. 

It was reported that, and according to the above map, that Flamborough had an average price for a residential property being $837,679. The next area that we need to mention is Ancaster, where the average price was $806,662, and it had a total of 58 sales. Finally it's important to mention Stoney Creek, which had the highest average residential property price of $1,060,033 with a total of 103 sales. The next chart we'll take a look at is the Hamilton Residential Table. 

hamilton-residential-table-may-2020

The final chart is the Hamilton Residential Table, which breaks down the overall numbers for May 2020. When we review this chart we can clearly see everything from the total number of sales to the average days a property is on the market. It also shows us the percentage in the difference from the previous month. 

In May 2020 Hamilton saw a total of 574 sales of residential properties, this is a 40% decrease when compared to the same time last year. However, the average cost of a residential property had an increase of 10% to $604,578. It's also important to note that the number of days a property was on the market went up by 3.3 days to 28.9 days. 

RAHB May 2020 Statistics 

It was reported that there were a total of 852 sales of residential properties in May 2020, in the RAHB market area. It was also reported that sales were down 42.2% over May 2019, and up 43.4% when compared to April 2020. The average residential property was reported to be up by 10% to $655,418, and up 6.3% compared to last month. 

When it comes to single family homes, it was reported that there was a decrease by 42.5%, and the average price increased by 11.6%. Townhouse sales saw a decrease by 42.1%, compared to the same time last year, with an increase of 9.3% in the average price to $555,716. Apartment-style properties there was a 35.1% decrease from May 2019, and the average price saw a decrease of 6.4%. 

"New listings and sales are understandably down compared to May 2019; however, the average sale price has held fairly steady week-over-week during COVID-19 due to a balance of buyers and sellers. The province moving safely into phase one of re-opening has improved consumer confidence, leading to an increase in activity compared to April. If progress continues and the weather cooperates, we should expect higher activity in June." - 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 Market Statistics for May 2020.

Contact a Sales Representative at Judy Marsales 

Have questions about these May 2020 statistics? You can contact one of our sales representatives at any of our three locations. If you've been curious about how much your home is worth, try our What's My Home Worth calculator right now.