Trends in Canadian real estate market

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 April 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

Featured Photo

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. 


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.