Trends in Canadian real estate market

Hamilton Real Estate Market Statistics for 2021

 Friday, January 21, 2022     Kirsten McNamee     Local Hamilton Market Statistics Real Estate Trends

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Total Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 16,502 sales of residential properties within the RAHB market area for 2021. In this blog we’ll review the year-end real estate market statistics for the RAHB market area, as well as the Hamilton market.

These residential sales statistics were processed through the Multiple Listing Service® (MLS®) System in 2021. It was reported that the average price of a residential property within the RAHB market area was $867,560, this was a 25.74 per cent increase when compared to 2020. When we compare the average price of a residential property sale price in 2011, we can see that there was a 169.89 per cent increase. This increase took place over a ten year period, as reported by RAHB.

The above chart, Total Market Activity, allows us to compare each area within the RAHB real estate market area. We're able to see what the average price of a residential property was in 2021 and 2020, as well as how many sales were reported. It was reported that the area with the greatest number of sales for 2021 was the Hamilton Mountain. With a total of 2,373 sales in 2021 and an average property price of $763,467, this was an increase when compared to 2020.

It was reported that the area with the highest average property price for 2021 was, Flamborough. With an average property price of $1,281,380 and a total of 331 sales in 2021. Another area to take note of is Ancaster, with the second highest average residential property price of $1,186,531 and a total of 807 sales. Let’s now take a look at the below map, Average Residential Price by District, and get a closer look at each sub area in Hamilton.

average-residential-price-by-district-2021

Average Residential Price by District

The above map Average Residential Price by District, illustrates each individual sub area in Hamilton. These sub areas show us what the average price was for a residential property and how many sales there were in 2021. Sub areas that had the greatest number of sales in 2021 were, 16, 20, 42, 51 and 53.

It was reported that the area with the highest average residential property price was in Flamborough (sub areas 40, 43, 44 & 45), with an average price of $1,281,380. We can also see that the sub area with the greatest number of sales was area 51, which is located in Stoney Creek and had a total of 963 sales. The average residential property price in area 51 was $831,656. Let’s take a closer look at the real estate statistics for Hamilton in 2021 by looking at the next chart, Hamilton Residential Table for 2021.

hamilton-residential-table-for-2021

Hamilton Residential Table

The final chart we’re going to review is the, Hamilton Residential Table, we can review the overall real estate statistics for Hamilton in 2021. It was reported that there was a total of 10,188 sales in 2021. This was an 11 per cent increase when compared to 2020.

It was also reported that when it came to the average price of a residential property price, there was a 26.8 per cent increase to $789,959. When it came to new listings in Hamilton, there was a total of 12,455 in 2021, which was a 9.9 per cent increase compared to last year.

REALTORS® Association of Hamilton-Burlington Year-End 2021 Statistics

To summarize, the REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 16,502 sales of residential properties within the RAHB market area in 2021. When it came to the average property price within the total RAHB market area, we saw a 25.74 per cent increase when compared to 2020, to $867,560.

“After a strong finish to the year in 2020, the market continued with feverish momentum fueled by high demand throughout 2021 which led to new records being recorded month after month.2021 marked the first year that greater than 16,000 residential transactions occurred in the RAHB market area with the previous record set in 2016. The record-high sales activity was supported by historically low mortgage rates. Real estate continues to be one of the best investments and it’s never too early to talk to a local RAHB REALTOR® about your real estate goals.” - RAHB’s 2022 President, Lou Piriano

For More Information About These Statistics

For more information on the 2021 year-end market statistics please see the links below for the numerous year end statistical reports provided by the REALTORS® Association of Hamilton-Burlington (RAHB).

Contact a Sales Representative at Judy Marsales

If you have any questions about the year-end real estate statistics for Hamilton, we are happy to help! Please feel free to contact one of our sales representatives at Judy Marsales today.

Have you been curious about what your home is worth? Try our What’s My Home Worth calculator and find out. All of us at Judy Marsales are looking forward to working with you and helping you find the right home. Watch for our next blog in February where we’ll review the January 2022 real estate statistics and see what the start of the year has been like.


Hamilton Real Estate Market Statistics for December 2021

 Friday, January 7, 2022     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 877 sales of residential properties within the RAHB market area for December 2021. Sales of residential properties were reported to have had a decrease of 32 per cent compared to November 2021 and a decrease of 11 per cent compared to the same time last year.

New listings were reported to have had a decrease of 50 per cent compared to the previous month, and six per cent compared to December 2020. When it came to the average price of a residential property there was a two per cent increase compared to November 2021 to $931,787, this was a 27 per cent increase when compared to the same time last year.

The above chart, Residential Market Activity, allows us to see each area within the RAHB market area. We are able to see what the average price of a residential property was and how many sales there were for the month. We can then compare those numbers to the same time last year and see if there were decreases or increases. 

It was reported that the area with the greatest number of residential property sales in December 2021 was the Hamilton Mountain. There were a total of 127 sales and with an average property price of $883,826.The above chart also shows us what area had the highest average property price. For December 2021 that area was Ancaster, with an average property price of $1,353,962. This was an increase when compared to the same time last year. Ancaster also reported to have had a total of 28 sales, which is a decrease compared to December 2020.

Another area to take note of is Flamborough, which had the second highest average property price of $1,326,038. This area reported a total of 10 sales for December 2021, a slight decrease when compared to the same time last year. We can now take a look at the below map and get an even more detailed look at sales and residential property prices within the Hamilton real estate market.

average-residental-price-by-district-dec-2021

Average Price by District

The above map, Average Price by District, illustrates which areas the average residential property prices within the Hamilton area. It also allows us to see how many sales there were within each area. The sub areas that we need to take note of for December 2021, that had the greatest number of sales were; 16, 42, 51 and 53.

It was reported that the area with the highest average residential property price was Ancaster, located in sub area 42. The price of a residential property in this area was $1,353,962, with a total of 28 sales.

The above map also shows us the sub area that had the greatest number of residential property sales for December 2021. This area was area 51 which is located in Stoney Creek, with a total of 49 sales and an average property price of $950,000. We can now take a look at our final chart below and get a look at Hamilton’s overall real estate statistics.

hamilton-residential-table-dec-2021

Hamilton Residential Table

Finally let’s take a look at our final chart the, Hamilton Residential Table, and we can review the overall real estate statistics for December 2021. It was reported that the average residential property price was $861,695, this is a 30.1 per cent increase compared to the same time last year.

When it came to the sales of residential properties, there was a reported 532 sales, which was a decrease of 7.8 per cent compared to December 2020. New listings also saw a decrease, this time of 6.9 per cent with a total of 402 new listings.

The average number of days a property stayed on the market was 14.7 days, that’s a decrease of 5.7 days compared to the same time last year. It was reported that the median sale price of a property in Hamilton in December 2021 was $820,000, this was a 33.3 per cent increase.

REALTORS® Association of Hamilton-Burlington December 2021 Statistics

To summarize, the REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 877 sales of residential properties within the RAHB market area for December 2021. When it came to the sales of residential properties were reported to have had a decrease of 32 per cent compared to November 2021 and a decrease of 11 per cent compared to the same time last year.

Single family detached properties within the RAHB market area had an average property price of $1,000,000. There were reported to be less than 200 new listings in the market area. When it came to the number of sales for townhouses, RAHB reported that there was a 34 per cent decrease when compared to November 2021. There was also a decrease of 42 per cent when to came to the number of new listings of townhouses.

When we take a look at the number of sales for apartment-style listings within the RAHB market area, we can see that there was a 35 per cent decrease when compared to the same time last year. While the number of new listings saw a 42 per cent decrease when compared to November 2021. It was also reported that the average sale price of an apartment-style property was $616,064, this was an increase compared November 2021.

“December 2021 saw a new residential average sale price record to close out the year. The number of properties changing hands in December did not rival the momentum from December 2020, however, we have never seen the months of inventory and active listings available this low before. Generally, most people wait until after the holidays to list their homes, but with approximately 300 residential properties on the market heading into 2022, we are expecting to continue to see tight conditions with such low levels of supply.” - RAHB President Lou Piriano.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to the Hamilton Real Estate Statistics for December 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the December 2021 real estate statistics and would like to contact one of our sales representatives to learn more, you can at any one of our three locations. Have you been wondering what your property might be worth? Try our What’s My Home Worth calculator and find out. All of us at Judy Marsales are looking forward to working with you and helping you find the right home.


Hamilton Real Estate Market Statistics for November 2021

 Monday, December 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 1,199 sales of residential properties within the RAHB market area for November 2021. When it came to sales, it was reported to have had a decrease of almost 10 per cent compared to October 2021. Sales were down three pre cent when compared to November 2020.

The average price of a residential property within the RAHB market area was reported to be $911,673 in November 2021. This was a one per cent decrease from the previous month and a 27 per cent increase when compared to the same time last year.

The above chart, Residential Market Activity, shows us each area within the RAHB market area. We are also able to see what the average cost of a residential property was for November 2021 and then compare it to the previous year.

The area that had the greatest number if residential property sales was the Hamilton Mountain. There was a reported 181 sales in November 2021, with an average property price of $789,085. The chart also shows us that the area with the highest average residential property price was in Ancaster. The reported average residential property price in Ancaster was $1,219,930, with a total of 65 sales.

Another area to take note of was Flamborough, with an average residential property price of $1,185,026 and a total of 23 sales. Finally, Waterdown had the third highest average residential property price of $1,152,605 and a total of 31 sales for November 2021. To get an even closer look at the areas within Hamilton, we can take a look at the below map, Average Price by District.

average-price-by-district-nov-2021

Average Price by District

The above map, Average Price by District, helps to illustrate each area within Hamilton and the surrounding areas. We can see the area that had the highest number of sales in November as well as the average price of a residential property. The sub areas that we need to take note of that had the greatest number of sales November 2021 are: 17, 41, 42 and 51

When it came to the area that had the highest residential property price, we can see that it was Ancaster. With an average residential property price of $1,219,930, with a total of 65 sales for November 2021.

The above map also shows us that the area that had the greatest number of sales for November was sub areas 51 and 42. Area 51 is located in Stoney Creek and had a total of 63 sales and an average property price of $860,082.

Area 42 is located in Ancaster, where there were a total of 65 sales and an average property price of $1,219,930, as mentioned above. Next we can turn our attention to the final table below and get a closer look at the real estate statistics for Hamilton.

hamilton-residential-table-nov-2021

Hamilton Residential Table

Finally we can take a look at the, Hamilton Residential Table, and review the overall real estate statistics for Hamilton in November 2021. It was reported that in Hamilton the average residential property price was $835,640 that’s a 28 per cent increase compared to the same time last year.

We can also clearly see that when it came to sales activity there was a slight decrease of 3 per cent when compared to the same time last year, with 759 sales in November 2021. There were a total of 808 new listings, a five per cent decrease compared to the same time last year. Finally it was reported that the median residential property price was $780,400, a 29 per cent increase compared to November 2020.

REALTORS® Association of Hamilton-Burlington November 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,199 sales for November 2021. There was an almost 10 per cent decrease in sales when compared to October 2021 and there was a three per cent decrease when compared to November 2020. It was also reported that the average price of a residential property was $911,673.

Single family detached properties within the RAHB market area saw an 11 per cent decrease in November 2021, compared to the same time last year. While the number of new listings saw a 12 per cent decrease with an average price of $1,023,561.

Townhouses within the RAHB market area saw a 14 per cent decrease in sales when compared to October 2021. While the number of new listing decreased by 13 per cent, the average price of a townhome had an increase of four per cent to $792,056.

Apartment-style property sales within the RAHB market area in November 2021 had 177 sales. The number of new listings had a 2 per cent decrease compared to the previous month. It was also reported that the average price of an apartment-style property had a decrease of six per cent to $564,827.

“Following a record average residential sale price in October, the average sale price held strong in November dipping by only one per cent. This month we experienced fewer properties changing hands and fewer new listings coming to the market overall, which is not unusual as we move closer to the end of the year. We have also never seen inventory this low as the level of active listings and months of inventory available continue to fall. We expect the same story in December which typically sees lower activity levels in general.” - RAHB President Donna Bacher.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to the Hamilton Real Estate Statistics for November 2021.

Contact a Sale Representative at Judy Marsales

If you have any questions and would like to contact one of our sales representatives to learn more about the November 2021 real estate statistics, they would love to help. Have you ever wondered what the price of your home might be? Try our What’s My Home Worth calculator and find out!


Hamilton Real Estate Market Statistics for October 2021

 Thursday, November 4, 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 1,329 sales of residential properties within the RAHB market area for October 2021. Sales saw an increase of eight per cent when compared to the previous month, however, sales saw a decrease of 18 per cent compared to the same time last year.

When it came to new listings within the RAHB market area, there was a nine per cent decrease since the previous month. New listings were reported to be down 23 per cent when compared to October 2020. It was also reported that the average price of a residential property was $922,297, this was a five per cent increase compared to September 2021.

In the above chart, Residential Market Activity, we can see that the area with the greatest number of sales was the Hamilton Mountain. With a total of 198 sales and an average residential property price of $801,425.

The chart also shows us the area that had the highest price of a average residential property, which was Ancaster. The cost of a home in Ancaster was $1,319,953 and had a total of 81 sales, a slight decrease when compared to the same time last year. Let’s take a closer look at each neighbourhood in Hamilton with the Average Price by District map below.

average-residential-price-by-district-october-2021

Average Price by District

The above map, Average Price by District, illustrates to us how each area neighbourhood in Hamilton and the surrounding areas did in October 2021. This is in terms of the number of sales for the month and the average cost of a residential property. The sub areas that had the greatest number of sales were; 16, 17, 42, 51 and 53.

We can also see that Ancaster had the highest average residential property price for October 2021, $1,319,953. Ancaster had a total of 81 sales, which is a slight decrease when compared to the same time last year.

The above map shows us what areas had the greatest number of sales, for October 2021. We can see that Ancaster and area 51 had the most number of sales. As we mentioned above, Ancaster had a total of 81 sales and area 51 also had a total of 81, and an average property price of $1,006,473. We should also note that area 51 is located in Stoney Creek. Let's can now take a look at the final chart below and learn more about Hamilton’s real estate statistics for October 2021.

hamilton-residential-table-oct-2021

Hamilton Residential Table

In our final chart, Hamilton Residential Table, we will review the overall real estate statistics for October 2021. It was reported that in Hamilton the average residential property price was $864,474, that’s a 30 per cent increase compared to the same time last year.

When it came to the sales activity, there were a total of 807 sales in October 2021, that’s an 18 per cent decrease compared to the same time last year. There were a total of 875 new listings, which is a 22 per cent decrease compared to October 2020. Finally it was reported that the median residential property price was $780,000, a 24 per cent increase compared to the same time last year.

REALTORS® Association of Hamilton-Burlington October 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,329 sales for October 2021. There was an eight per cent increase in sales when compared to September 2021 and an 18 per cent decrease when compared to October 2020. It was also reported that the average price of a residential property was $922,297.

It was reported that single family detached properties are continuing to be the most competitive type. With the average price of a detached property reaching a new record of $1,000,000, this was reported right across the RAHB market area.

Townhouses in the RAHB market area had an eight per cent increase in sales when compared to September 2021. New listings for townhouse were reported to be down seven per cent with an average property price of $756,684.

When it came to the sale of apartment-style properties there was decrease of one per cent, with new listings seeing an 11 per cent decrease compared to last month. The average price of an apartment-style property was $600,912, a four per cent decrease when compared to the previous month.

“Following September’s momentum, October posted a new average sale price record for residential properties. The number of sales are down significantly from last October’s highs and up slightly from the typical activity we usually experience in October. The level of active listings and months of inventory available remains concerning as demand continues to drive the market. We do not anticipate this to change as 2021 comes to a close.” - RAHB President Donna Bacher.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to the Hamilton Real Estate Statistics for October 2021.

Contact a Sale Representative at Judy Marsales

If you have any questions and would like to contact one of our sales representatives to learn more about the October 2021 real estate statistics, they would be happy to help. Have you ever been curious about what you home is worth? You can try our What’s My Home Worth calculator. All of us at Judy Marslaes are looking forward to meeting you soon!


Hamilton Real Estate Market Statistics for September 2021

 Tuesday, October 5, 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 1,226 sales of residential properties within the RAHB market area for September 2021. When it came to sales, there was a two per cent increase when compared to the previous month. However, sales saw a 30 per cent decrease when compared to September 2020.

New listings within the entire RAHB market area had a 14 per cent increase since the previous month, but a 26 per cent decrease from the same time last year. It was also reported that the average residential property price was $881,656, this is a five per cent increase from August 2021 and a 22 per cent increase when compared to September 2020.

The above chart, Residential Market Activity, shows us how the Hamilton and surrounding areas did in terms of sales and the average property price for September 2021. It also compares these numbers with the same time last year. This way we are able to get a look at what areas had increases or decreases.

It was reported that the area that had the greatest number of sales for September 2021 was the Hamilton Mountain. With a total of 191 sales and an average residential property price of $784,667. This is a significant increase when compared to the same time last year.

The area that had the highest average residential property price was Flamborough. Here the average price of a residential property was $1,222,475. Flamborough also reported a total of 24 sales for September 2021, a decrease of 8.4 per cent when compared to the same time last year. To get a closer look at each neighbourhood in Hamilton we can take a look at the below map.

average-price-by-district-september-2021

Average Price by District

The above map, Average Price by District, illustrates to us how each neighbourhood within the Hamilton and surrounding areas did in September 2021. The sub areas to take note of were; 16, 17, 23, 42 and 51. Each of these sub areas had the greatest number of residential property sales for September.

It’s also clear on this map that Flamborough once again had the highest average residential property price, which was reported to be $1,222,475. The Hamilton Mountain had the greatest number of sales with a total of 191 sales. The sub area that reported the greatest number of sales was area 51, which is located in Stoney Creek, with a total of 67 sales. The average property price in this sub area was reported to be $809,269. We can now take a look at the final chart below and learn more about Hamilton’s real estate statistics for September 2021.

hamilton-residential-table-sept-2021

Hamilton Residential Table

The final chart we’ll review is the, Hamilton Residential Table, it allows us to see the overall real estate statistics for September 2021. In Hamilton it was reported that there were a total of 737 sales of residential properties. This is a 30 per cent decrease when compared to the same time last year.

There was a 20 per cent increase when it came to the average residential property price to $796,611. While the median residential property price had a 21 per cent increase to $745,000. It was also reported that there was a total of 940 new listings, this was a 25 decrease when compared to the same time last year.

REALTORS® Association of Hamilton-Burlington September 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,226 sales for September 2021. When it came to sale, it was reported to be down 30 per cent when compared to September 2020, and were also reported to be down two per cent when compared to the previous month. The average price of a residential property was reported to be $881,656, an increase of five per cent from the previous month and 22 per cent compared to the same time last year.

When we look at the numbers concerning detached homes the RAHB area, we saw a bit of an increase when it came to the number of new listings when compared to August 2021. “The average price for single family detached properties is creeping back up to the record high that we recorded earlier this year,” says, RAHB President Donna Bacher.

Townhouse sales had a decrease in sales compared to August 2021. With the number new listings of townhouses had a 17 per cent increase, and the average sale price had a two per cent increase to $758,338. Apartment-style properties in the RAHB market area had a 10 per cent increase month over month, with an average price of $626,794, which is a 18 per cent increase when compared to August 2021.

“After months of relatively flat prices, September’s historically low listing and inventory levels have moved the average sale price to a new record. The demand remains strong and the supply remains low. Overall, we need more supply on the market to meet the demands of buyers and investors. There’s nothing on the horizon to indicate that October will be any different.” - RAHB President Donna Bacher.

For More Information About These Statistics

If you're looking for a more in-depth matrix of these statistics, please refer to the Hamilton Real Estate Statistics for September 2021.

Contact a Sales Representative at Judy Marsales

If you have any questions about the September 2021 statistics please contact one of our sales representatives at one of our three locations. Have you ever been curious about what you home is worth? Give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.