Trends in Canadian real estate market

Hamilton Real Estate Market Statistics for August 2021

 Tuesday, September 7, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,201 sales of residential properties within the RAHB market area for August 2021. Sales were reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year.

When it came to new listings also saw a decrease, they were down 9 per cent from July 2021 and down 15 per cent when compared to August 2020. The average cost of a residential property for the entire RAHB market area for July 2021 was reported to be $839,881. That was a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

The above chart, Residential Market Activity, let’s us see how Hamilton and surrounding areas did in terms of sales and what the average price of a residential property was in August 2021. We can then compare the average cost of a residential property to the same time the previous year. The chart also allows us to see how many properties were sold during the month and compare the numbers to the previous year.

it was reported that the Hamilton Mountain had the highest number sales, with a total of 174 and an average property price of $731,673. The area that had the highest average property price was Flamborough. The average property price in Flamborough was reported to be $1,354,803 in August 2021. This area also reported a total of 22 sales for the month, a slight decrease when compared to the same time last year. Let's now take a look at the map below and get an even closer look at how Hamilton and the surrounding areas did in terms of sales and property prices for August 2021. 

average-residential-price-by-district-august-2021

Average Price by District

The above map, Average Price by District, illustrates each neighbourhood within the Hamilton and surrounding areas. The aub areas that we should take note of for August 2021 are; 16, 17,42, 46 and 51. Each of these sub areas had the highest number of sales for the month. 

Flamborough once again had the highest average property price when compared to all other areas. The cost of a property in this area was reported to be $1,354,803, with a total of 22 sales for August 2021. As mentioned above, the neighbourhood with the highest number of sales was the Hamilton Mountain. With a total of 174 sales and an average residential property price of $731,673. The sub area with the highest number of sales was area 51, with a total of 67 sales, this area is located in Stoney Creek. The average residential property price in area 51 was $799,021. It’s time to take a look at our final chart, the Hamilton Residential Chart and get a closer look at how Hamilton's real estate market did in August 2021.

hamilton-residential-table-aug-2021

Hamilton Residential Chart

Our final chart to review is the, Hamilton Residential Chart. This chart allows us to see the overall real estate statistics for August 2021. In Hamilton there were a total of 766 sales, this is a decrease of 22 per cent when compared to the same time last year. When it came to the average cost of a residential property it was reported to be $779,486, that’s an 18 per cent increase compared to August 2020. 

REALTORS® Association of Hamilton-Burlington July 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,201 sales for August 2021. When it came to sale, it was reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year. The average price of a residential property was reported to be $839,881, a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

It was reported that detached homes the RAHB area saw a bit of an increase when it came to the average price compared to July 2021. However, there was a 10 per cent decrease in detached homes in August. Townhouse sales had a decrease in sales compared to July 2021. With the number new listings of townhouses having a 20 per cent decrease, and the average sale price had a 2 per cent decrease to $746,339. Apartment-style properties in the RAHB market area had a 10 per cent decrease when it came to new listings in August 2021, with an average price of $530,732, which is a 2 per cent increase.

In line with seasonal trends, July and August tend to have fewer new listings and sales which is exactly the case here. Even though we have fewer active listings and sales, we are also seeing a slight dip in the average sale price. Overall the same story continues and that is that the level of inventory remains at critical low levels. We definitely need more supply on the market.” - 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 August 2021. 

Contact a Sales Representative at Judy Marsales

If you have any questions about the August 2021 statistics please contact one of our sales representatives and they will be happy to help. If you’ve ever wondered what you home is worth you can 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.


Hamilton Real Estate Market Statistics for July 2021

 Monday, August 9, 2021     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Residential Market Activity

The The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,275 sales of residential properties within the RAHB market area for July 2021. Sales were reported to be down 20 per cent when compared to July 2020, and were also reported to be down 20 per cent when compared to the same time last year.

New listings also saw a decrease, they were down 24 per cent from June 2021 and down 20 per cent when compared to July 2020. The average cost of a residential property for the entire RAHB market area for July 2021 was reported to be $847,104, which is a decrease of 2 per cent from the previous month and 22 per cent compared to the same time last year.

The above chart, Residential Market Activity, let’s us see each neighbourhood in the Hamilton and surrounding areas. Allowing us to see the average cost of a residential property and we’re able to compare it to the same time the previous year. The chart also allows us to see how many properties were sold during the month and compare the numbers to the previous year.

The neighbourhood that had the highest number of sales for July 2021 was the Hamilton Mountain. The total number of sales in the neighbourhood was 185 sales, this is a decrease when compared to the same time last year, and the average cost of a property was $744,196. The neighbourhood that had the highest average cost of a residential property was Flamborough, which was $1,278,257 and a total of 27 sales. Now we can take a look at the below map and get a more detailed look into each area within each neighbourhood.

average-price-by-district-july-2021

Average Price by District

The above map, Average Price by District, helps to illustrate each neighbourhood in the Hamilton and surrounding areas. The sub areas that we need to take note of for July 2021 were; 17, 20, 23, 42, 50, 51 and 53. Each of these sub areas had the highest number of sales for the month of July 2021.

Flamborough had the highest average residential property price, which was reported to be $1,278,257, with a total of 27 sales. As we mentioned above, the neighbourhood with the highest number of sales for the month of July 2021 was the Hamilton Mountain. With a total of 185 sales and an average residential property price of $744,196. The sub area with the highest number of sales was area 51, this area is located in Stoney Creek, with an average residential property price of $780,881. It’s time to take a look at our final chart, the Hamilton Residential Chart and get a closer look at how Hamilton's real estate market did in July 2021.

hamilton-residential-table-july-2021

Hamilton Residential Chart

Finally, we’ll take a look at the, Hamilton Residential Chart, this chart allows us to see the overall real estate statistics for July 2021. In Hamilton there were a total of 782 sales, this is a decrease of 26 per cent when compared to the same time last year. When it came to the average cost of a residential property it was reported to be $779,783, that’s a 24 per cent increase compared to July 2020. 

REALTORS® Association of Hamilton-Burlington July 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,275 sales for July 2021. It was reported that there was a decrease of 20 per cent when it came to sales, 20 per cent when compared to July 2020. The average price of a residential property was reported to be $847,104, which was an Increase of 2 per cent from last month and an increase of 22 per cent from July 2020.

When it came to detached homes the RAHB area saw a slight decrease when it came to the average price compared to June 2021. Townhouse sales also had a decrease in sales, there was a 26 per cent decrease compared to June 2021. The number of new listings of townhouses saw a 20 per cent decrease and the average sale price had a 2 per cent decrease to $735,606. Apartment-style properties in the RAHB market area had a 28 per cent decrease in sales in July 2021, with an average price of $521,552, which is a 21 per cent decrease.

“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. Overall this month, we are seeing the number of sales and active listings slightly decrease compared to the previous four months which is inline with seasonal trends. We are continuing to experience high demand coupled with record low inventory in almost all property types which is driving sale prices.” - 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 July 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the July 2021 statistics please contact one of our sales representatives and they will be happy to help. If you’ve ever wondered what you home is worth you can 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.


Hamilton Real Estate Market Statistics for June 2021

 Friday, July 9, 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 1,607 sales of residential properties within the RAHB market area for June 2021. It was also reported that sales were down 11 per cent since the previous month, but had an increase of 23 per cent since June 2020. When it came to new listings, there were a reported 11 per cent decrease since May 2021, but there was a 10 per cent increase as of last June. The average price of a residential property was reported to be $865,339 for June 2021. This was a 2 per cent increase from the previous month and an increase of 28 per cent when compared to June 2020. Inventory was 8 pre cent lower than it had been in May 2021. 

The above chart, Residential Market Activity, allows us to see each neighbourhood in the Hamilton and surrounding areas. We were able to see what the average cost of a residential property was and how many sales each neighbourhood had. Then we are able to compare those numbers to the same time the previous year. The area that had the highest number of sales for June 2021 was the Hamilton Mountain, with a total of 226 sales and an average property price of $730,448. The area that had the highest average property price was Ancaster, $1,219,829, this area had a total of 76 sales for June 2021. Let's now take a look at the map below, Average Price by District and get an even closer look at Hamilton's real estate statistics for June 2021.

verage-price-by-district-june-2021

Average Price by District 

The above map, Average Price by District, helps to illustrate each neighbourhood in the Hamilton and surrounding areas. The sub areas that we need to take note of for June 2021 were; 17, 42, 46, 51 and 53. Each of these sub areas had the highest number of sales, you're also able to see what the average price of a residential property was in each sub area. 

Ancaster had the highest average property price for June 2021 at $1,219, 829 and had a total of 76 sales. The Hamilton Mountain had the most sales for the month with a total of 226 sales and and average property price of $730,448. The sub area that had the highest number of sales was area 51, which is located in Stoney Creek and had a total of 83 sales and an average property price of $753,372. We can now turn our attention to the final chart, Hamilton Residential Table and get a closer look at how Hamilton's real estate sales and more did in June 2021. 

hamilton-residential-table-june-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, this chart allows us to get a closer look at the overall real estate statistics for June 2021. There were a reported 966 sales in the Hamilton area, that's a 12 per cent increase compared to the same time last year. The average cost of a property was $787,758, which is a 28 per cent increase compared to June 2020. When it came to how many days a property was on the market, there was a average of 9 days, three days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington June 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,607 sales for June 2021. In June 2021 there was a decrease of 11 per cent when it came to sales, but a 23 pre cent increase compared to June 2020. The average price of a residential property was reported to be $865,339, which was an increase of 2 per cent from last month and an increase of 28 per cent from June 2020.

When it came to detached single family homes, the average benchmark price was $932,700, which is a 30 per cent gain on a year-over-year basis in June 2021. While the benchmark price for price for a townhouse was $672,300, this was a 26 per cent increase compared to the same time last year. Finally when it came to apartment-style properties, the benchmark price was $552,900, which is an increase of 19 per cent from "year-ago levels."

“June’s home sales marked one of the strongest levels on record for this month. Year-over-year gains are expected to become more modest and may even be negative in the months ahead as we reach a crossover period where sales in 2020 roared back to life and sales this year are cooling off after a blistering pace. With new listings only back around average levels this has done nothing to lift overall inventories from record lows. While market conditions remain historically tight with demand far outpacing supply, we are seeing average sale prices remain stable.” - Donna Bacher, President of the REALTORS ® Association of Hamilton-Burlington.

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 June 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these May 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at any of our three locations. Have you ever wondered what you home might be worth? Try out our What's My Home Worth calculator!


Hamilton Real Estate Market Statistics for May 2021

 Wednesday, June 9, 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 1,811 sales of residential properties in May 2021. Sales were reported to be down 5 per cent compared to last month, and up 90 per cent from May 2020. New listings were reported to be down by 14 per cent compared to April 2021, and up 73 per cent from May 2020. The average price of a residential property for the entire RAHB market area was, $843,468, which is only a 1 per cent decrease from April 2021. There was a 29 per cent decrease when compared to May 2020. When it came to inventory that was available at the end of last month it was 6 per cent lower than April 2021. 

The above chart, Residential Market Activity, we can see how each neighbourhood in the Hamilton and surrounding area did when it came to sales and the average price of a property. The area that had the most sales for May 2021 was the Hamilton Mountain with a total of 249 sales, and with an average price of $736,782. When it came to the area with the highest average residential property price for May, it was Ancaster. The average price of a property in this area was $1,186,037, with a total of 81 sales. We can now take a look at the below map and get an even closer look at each area. 

average-price-by-district-may-2021

Average Price by District 

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 42, 46, 50, 51 and 53.

Each of these areas had the highest number of sales for May 2021 and when you look at each of these areas you're also able to see what the average price was. Ancaster had the highest average price for a property at $1,186,037 and had a total of 81 sales. While the sub area 51 had the highest number of sales with the total being 114 and had an average property price of $815,104. it's now time to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for May 2021. 

hamilton-residential-table-may-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, we can get an even closer look at the overall statistics for Hamilton. There were a reported 1,137 sales of residential properties in the Hamilton area, that’s a 90 per cent increase compared to the same time last year. The average cost of a property was $792,746, which is a 31 per cent increase compared to May 2020. The average days a property was on the market was 12.7 days, that’s 17.5 days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington May 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,811 sales of residential properties in May 2021. When we look at the sales for May we can see that there was 5 per cent decrease compared to the previous month but there was a 90 per cent increase compared to the same time last year. The average price of a residential property was $843,468, that's only a 1 per cent decrease from April 2021.

When it came to the number of sales of detached single family homes, RAHB reported a 4 per cent decrease compared to the previous month, with the average sale price having a 1 per cent decrease, $940,384. Townhouses saw a 10 per cent decrease in sales as well with an an average sale price of $714,695. When it came to Apartment-style properties, there was a 4 per cent increase compared to April 2021, with an average price of $532,030.

“In May 2021, the RAHB market area saw a very slight decrease in sales and number of properties being listed as compared to April 2021. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis – especially in a spring market.” - 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 May 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these May 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at one of our three locations. If you've been wondering what you home is worth, you can try our What's My Home Worth calculator. All of us at Judy Marsales are looking forward to working with you soon! 


Hamilton Real Estate Market Statistics for April 2021

 Thursday, May 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 1,906 sales of residential properties in April 2021. Sales were reported to be down 8 per cent compared to last month, and up 245 per cent from April 2020. When it came to new listings, there was a 3 per cent decrease since March 2021 and a 19 per cent increase over the same time last year. The average price of a residential property was reported to be $855,455 - this is a 2 per cent decrease when compared to the previous month. However, it's a 39 per cent increase when we compare it to the same time last year. 

The above chart, Residential Market Activity, shows us how each neighbourhood in the Hamilton and surrounding areas did when it came to sales and what the average cost of a property was. When it comes to the area that had the most sales for April 2021 was the the Hamilton Mountain, with a total of 264 sales. The average price of a home was $736,847, Flamborough reported the highest average price of a home, $1,244,674 and had a total of 34 sales for April 2021. Ancaster also reported an average price of a home at $1,082,649 and a total of 106 sales. Now let's take a look at the map below and take a closer look at each neighbourhood. 

average-price-by-district-april-2021

Average Price by District 

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 17, 18, 42, 50 and 51. 

Each of these areas had the highest number of sales for April 2021 and when you look at each of these areas you're also able to see what the average price was. Flamborough had the highest average price for a property at $1,244,647 and had a total of 34 sales. While area 51 had the highest number of sales with the total being 104 and had an average property price of $824,204. This area is within Stoney Creek. We're now going to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for April 2021. 

hamilton-residential-table-april-2021

Hamilton Residential Table 

Our final chart is the, Hamilton Residential Table, it's giving us an even closer look at the overall statistics for Hamilton. There were a reported 1,195 sales of residential properties in the Hamilton area, that’s a 250 per cent increase compared to the same time last year. The average cost of a property was $786,737, which is a 42 per cent increase compared to April 2020. The average days a property was on the market was 11.1 days, that’s 14 days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington April 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,906 sales of residential properties in April 2021. When it came to sales, there was an 8 per cent decrease compared to the previous month but there was a 245 per cent increase compared to the same time last year. The average price of a residential property was $855,455, which is a 2 per cent decrease compared to March 2021. 

When it came to the number of sales of detached single family homes, RAHB reported a 2 per cent compared to the previous month, and the average cost of a detached home was $953,365. Townhouses saw a 13 per cent increase in sales as well with an an average sale price of $712, 822. Apartment-style properties had 2 per cent decrease in sales and an average price of $583,373 -which is a 3 per cent increase compared to the same time last year.

“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. The good news is, the RAHB market area is showing signs of stability and recovery with active listings increasing significantly once again month over month. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis.” - 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 April 2021

Contact a Sales Representative at Judy Marsales

Do you have any questions about these April 2021 real estate statistics? Please contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What's My Home Worth calculator.