Tuesday, September 25, 2018
Local Hamilton Market Conditions Real Estate Trends
The Residential Real Estate Market Activity Chart shows Hamilton continues to be hot, driven by Hamilton Centre. With charts and graphs provided by The REALTORS® Association of Hamilton-Burlington (RAHB) we can see there is a 2.1% difference from August of 2017. Residential homes are still up from last year with an average sale price of $501,073.
The hot areas remain Hamilton Centre and Hamilton Mountain. The chart above illustrates how much the average price of a home has changed. And the Marketing Activity Chart shows us how much the entire The Greater Hamilton Area is doing.
Take a look at the STATS Map and you'll see the areas bounded by Hamilton Bay on the North, the escarpment to the south and James and Kenilworth are doing. This image also shows each area in Hamilton and what the average cost of a home that was on the market in August 2018. (sub areas 13, 14, 21 & 22).
Finally the STATS Chart show that 68% of homes are in the range of $200,000 and $600,000 and 29% are about $600,000+
If you're thinking of selling your home and want to get a better idea of what it will cost, you can use our "What's My Home Worth" calculator. Then you'll want to get in contact with one of our agents. They will be happy to go over the market stats with you and discuss possible next steps.