Trends in Canadian real estate market

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 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. 


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. 


Hamilton Real Estate Market Statistics for March 2020

 Friday, April 3, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) just released their March 2020 Statistics. We'll be reviewing and summarizing these statistics. It was reported that there were 1,098 sales in March 2020. Sales were up 10% over February 2020 but down 3.1% over March 2019. The average price of a residential property was $658,161, which is a 1.8% increase from the previous month and up 14.5% from March 2019.

Now let's review the above chart, Residential Market Activity for RAHB. The Hamilton Mountain reported a total of 168 sales with an average properties price of $556,963. Making this area number one for the month of March. The next area to note would be Stoney Creek, with 129 sales of residential properties. And with an average property price of $623,693. We can now turn out attention to the below map for an overview of the entire Hamilton area. 

average-residential-price-by-district-march-2020

The above map, Average Residential Price by District for March, makes it possible for us to see how each area did in Hamilton for March 2020. We're able to also to note how many sales there were and the average price of a residential property price. Areas to take special note of for March were sub areas, 16, 42, 51 and 83. Each of those sub areas had the highest number of sales. 

The area with the highest average property price were Flamborough, Ancaster and Glanbrook. Flamborough had an average residential property price of $833,453 and a total of 19 sales. Ancaster saw a total of 68 sales with an average property price of $777,796. And Glanbrook reported an average residential property price of $628,073 and a total of 47 sales. Let's now take a look at the chart below, Hamilton Residential Table and review the comparisons to March 2019. 

hamilton-residential-table-march-2020

Our final chart to review today is the Hamilton Residential Table. It clearly shows that there was a 16% increase in the average price of a residential property of $605,140. With a reported 1,086 new listings and only a decrease of 6% compared to the same time last year. 

It was also reported that the average number of days a property was on the market was 21.1 days, 10 days less than March 2019. And when we look at the Sales Activity we can see that there were a total of 723 sales, only a 1% difference compared to the same time last year. There's a lot we can learn from these statistics and prepare for the April market. 

RAHB Statistics for March 2020 

The March 2020 real estate statistics reported a total of 1,098 sales within the RAHB market area. Sales were reported to be up 10% over the previous month. With an average residential sale price of $658,161. And the average sale price of a residential property actually saw an increase of 1.8% over February 2020. When we compare these numbers to March of last year we actually see a 14.5% increase. 

When we look at the numbers of single family homes, townhouses and apartment-style we can see that there were both increases and decreases. It was reported that the average sale price of a single family property increased by 14.3%. Townhouse sales did see a decrease in sales of 5.7% over the same month last year. However, the average sale price of a townhouse saw an increase of 14.9% to $562,336. And it was reported that the sales of apartment-style properties saw a decrease of 11.9%. But again, there was an increase in the sale price by 14.5%. 

"January and February saw increases in sales and new listings, as well as average price. For March there was growth at the beginning of the month; however, COVID-19 infiltrated our communities mid-month and slowed activity in the latter half. our REALTORS® work to be a part of the solution in the fight to flatten the curve, all the while serving clients who are in great need of their assistance. We are seeing the impact on our market activity and expect to continue to see a slowing of the market as our communities focus on the unprecedented fight." - 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 March 2020

Contact a Sales Representative at Judy Marsales 

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


Hamilton Real Estate Market Statistics for January 2020

 Friday, February 14, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) have released their January 2020 statistics. In this article we will review and summarize these statistics for you. It's always important to note the number of sales that there were in a month. For January 2020, there were a reported 692 sales of residential properties within the RAHB market area. 

It was reported that there was a 5% increase in sales compared to the same month last year. And there was an 18.3% increase over December 2019, it was also reported that the average price of residential properties increased by 11.9% from January 2019 to $617,496. 

In the above chart, Residential Market Activity for RAHB Areas, we can see that the area with the most sales of residential properties with a total of 111 sales, was the Hamilton Mountain. And with an average property price of $518,368. This is a clear increase in the average property price for the area when compared to the same time last year. 

Another area we can turn our attention to is Stoney Creek, which saw 89 sales of residential properties. With a reported average sale price of $591,600. We can now take a look at the map below and see a more details about each sub area in the Hamilton real estate market. 

average-residential-price-by-district-jan-2020

The above map, Average Residential Price by District, illustrates the average cost of a property in each individual area. This map also shows us how many residential properties were sold in January 2020. Sub areas to take note of that had the highest number of sales were, 16, 17, 42 and 51. 

Areas with the highest price of residential properties were Ancaster and Flamborough. Ancaster had an average residential property price of $762,957. Making it the most expensive area on our RAHB map and with a total of 42 sales. Flamborough had an average residential property price of $703,324 and with a total of 17 sales. Let's now take a look at the chart below and learn more about the Hamilton Residential Table. 

hamilton-residential-table-jan-2020

Our last chart, Hamilton Residential Table, shows us that there was a 15% increase in sales compared to January 2019. And that there were a total of 485 sales in the Hamilton area with 733 new listings. However, there was a 13% decrease over January 2019 but that we also saw a 13% increase in the average cost of a residential property to $562,235. 

We can also take a look at the numbers of days a property was on the market. The average days for January 2020 decreased to 34.1 days, that's 7.9 days less than the same time last year. These statistics are always helpful when we want to better understand the real estate market. 

RAHB Statistics for January 2020 

In January 2020 there were a reported 692 sales of residential properties. And it was reported that sales were up by 5% over the same time last year. With an 18.3% increase in sales over December 2019. And it was reported that the average price of a properties within the RAHB market area was up by 11.9% to $617,496.

The number of sales for a single family property saw an increase of 10% compared to January 2019. And the average price of a family property increased by 9.4% in January 2020. Townhome sales activity saw a decrease of 6.2% with the average price increasing by 10.8% to $518,361. And finally, apartment-style properties also saw a decrease in sales by 1.4% but saw an increase in the average price by 9.6%. 

"Our market area experienced a reduction in activity and average price in December, as is the case for that typically slower month; however, we bounced back in January. Buyers seem to be coming out early, so sellers shouldn't feel the need to wait for the spring market to get a great value for their property. We expect the spring market will be strong with more competition between sellers, as many wait for the flowers to bloom to market their homes." - 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 RAHB's Hamilton Real Estate Statistics for January 2020

Contact a Sales Representative at Judy Marsales 

Have questions about these January 2020 statistics? You can contact one of our sales representatives at any of our three locations today and they would be happy to help you. And if you've been wondering what your home is worth, you can try our What's My Home Worth calculator and find out. 


Hamilton Real Estate Market Statistics for December 2019

 Thursday, January 9, 2020     Kirsten McNamee     Real Estate Trends

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The Real Estate Association of Hamilton-Burlington (RAHB) have released their December 2019 real estate statistics. Today we will review and summarize these stats for you. There were a reported 585 sales of residential properties located in the RAHB market area. 

In December 2019 it was reported that sales were up 3.9% over December 2018. However, sales were down when compared to both November and October 2019. It was also reported that the average price for a residential property increased by 7.6% from December 2018 to $581,566. Let's now take a look at the above chart, Residential Market Activity for RAHB Areas

We can see that in the Hamilton area, the Hamilton Mountain once again takes the lead with the highest number of sales with a total of 99 for the month of December 2019. The area also reported an average property price of $528,333 which is an increase when compared to the same time last year. The next notable area that we need to mention that also had a high number of sales was Stoney Creek, with a total of 66 sales of residential properties. And with the average price of a property of $539,885. We can now take a look at the map below and see each area in Hamilton. 

average-residential-price-by-district-dec-2019

The above map, Average Residential Price by District, illustrates the average cost of a residential property in each individual area in Hamilton. It also shows us how many residential properties were sold in December 2019. Areas to note that had the most number of sales were 16, 42, 51 and 53. 

The areas with the highest average price of a residential property were Falmborough and Ancaster. Flamborough's average cost of a property was reported at $839,845. And Ancaster saw an average price of $720,342. Take a look at your area and you can get an idea of what a property sold for. Now we can turn our attention to the chart, Hamilton Residential Table, and get a look at the Hamilton Real Estate Market for December 2019. 

hamilton-residential-table-dec-20192

Finally we can take a look at the Hamilton Residential Table, it becomes clear that Hamilton saw an increase in sales compared to the same time last year. There was an 11% increase with 425 sales of residential properties. And there were a reported 334 new listings, with a 2% decrease from the same time last year. However, there was an 8% increase in the average price of a property to $531,283. 

We can also take note that properties in the Hamilton area in December remained on the market for an average of 35.1 days. That's 6.3 days less than the same time last year. The numbers you see in this report are very common for this time of year, keep reading to learn more about why the market looks this way during December. 

RAHB Statistics for December 2019 

There were 585 sales of residential properties reported in December 2019. With the average cost of a residential property seeing an increase of 7.9% from December 2018 to $581,566. And it was reported that sales were up 3.9% over December 2018. However, when we compared these numbers to November and October 2019 we see a decrease. 

The number of sales for a single family property within the entire RAHB area market saw an increase of 6.8%, with the average sales price increasing by 8.23%. There was also a reported decrease in the number of Townhome sales across the entire RAHB area by 7.6% from December 2018. With the average price of a Townhome seeing an increase of 1.4% to $502,981. Finally it was reported that the Apartment-Style properties saw an increase of 14.8% over the same time last year. With their average price increasing by 10.2%. 

"With the holidays and cold weather, sales tend to dip in December when compared to the previous months. It's a trend we see almost every year. A decrease in new listings and an increase in sales can equal less inventory on the market. With increased competition for the properties available, this looks to be an opportune time to sell your property." - RAHB President Kathy Della-Nebbia. 

For More Information About These Statistics 

If you are looking for a more in-depth matrix of these statistics, please refer to RAHB's Hamilton Real Estate Statistics for December 2019

Contact a Sales Representative at Judy Marsales 

If you have any questions or if you want to contact one of our sale representatives you can do so now or later, whatever work best. They will be happy to answer your questions and they would be happy to go over these statistics with you. And if you've been wondering what your home is worth, give our What's My Home Worth calculator a try now.