Friday, December 7, 2018
Local Hamilton Market Conditions Real Estate Trends
The above chart Residential Market Activity, shows us how much the average price of a home has changed in the same moth last year. The hot areas for November remain the same, Hamilton Centre and the Hamilton Mountain.
When we look at above map, The Average Residential Price by District, we can clearly see that it indicates the areas from the Hamilton Bay to the escarpment continue to do well (sub areas 16, 17, 18 and 20). The map also shows us what the average listing price of a home is in each area for the month of November 2018.
The above graph, All Residential Comparison at a Glance, indicates to us that some of the major areas within the RAHB market are isolated, Hamilton, Burlington and Haldimand County. There has also been a clear increase in the average listing price of a home.
RAHB reported a total of 1,211 new listings for the month of November and a total of 862 sales. The sales-to-listing-ratio was at 97.8% and the sales-to-new-listing ratio was at 17.2%. Again indicating that all major areas in RAHB's market have seen an overall increase in the average sale price.
For more in-depth statistics and additional metrics, please refer to RAHB's REALTORS® RELEASE NOVEMBER STATISTICS
If you're thinking of selling your home and want to get a better idea of what it will cost, use our "What's My Home Worth" calculator. And if you would like 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.