Current Market Statistics for May

Residential Market Activity for RAHB Areas May 2019

By reviewing the above chart, Residential Market Activity for RAHB Areas, we can clearly see that Hamilton Mountain was the leader this month in terms of sales with a total of 229. Stoney Creek was in second place with a total of 125 and Hamilton Centre with 119.

This chart helps us to better understand the May market with regards to the number of sales and the average sale price of a property according to the area. Flamborough had the highest costing properties with an average property going for $930,877. 

The Average Residential Price by District May 2019

Take a look at the above map, The Average Residential Price by District, it clearly illustrates the average price of a residential property in Hamilton and the surrounding areas. The top 4 areas with the highest costing properties were Flamborough, Ancaster, Watertown and Dundas.

The map also indicates to us what area had the most residential properties that were sold for the month. And for the month of May those areas were 16, 42, 51 and 53.

Hamilton Residential Table May 2019

The chart above, Hamilton Residential Table, indicates that the number of new listings when compared to the same time last year has continued to be steady at 1,430. And the average price of a home has increased by 6% to 549,891. While the average days a property is on the market holds steady and remains the same at 25 days, when compared to the same time last year.

RAHB Statistics for May 2019

There was a reported 1,344 sales of residential properties located in the RAHB market area. We also saw a 10.9% increase from May 2018 and a 9.6% increase over April 2019. It was also clear that there was an increase of 30.2% from March 2019. The average price of a property increased by 0.9% from May 2018 to $593,702.

“The number of sales increased double digest over last year and the number of new listings decreased by 5.2%, indicating that we are in the thick of a busy spring market for sellers. And prices only increasing an average of 0.9% over last year means buyers haven’t watched prices soar while they find the perfect home.” - RAHB President Bob Van de Vrande.

For More Information About These Statistics

If you’re looking for more in-depth statistics and additional metrics, please refer to RAHB’s May 2019 Activity and HPI Report.

Contact a Sales Representative

Have you been thinking about moving? Maybe now is the time to contact one of our Sales Representatives. They would be happy to discuss not only these May 2019 market statistics but also next steps in selling your home. And if you’re wondering what your home is worth, please try our What's My Home Worth calculator. We look forward to working with you in the future. 

Real Estate News

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DateHeadline/Summary
Jun 18 Renters beware: Rental scams continue in Hamilton
(Jun 18, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) would like to issue a warning to the public that rental scams continue to take place within the City of Hamilton. RAHB continues to receive reports from REALTOR® members who find their for-sale properties posted without permission for rent on various online classified websites. RAHB encourages potential renters to be aware of a listing that seems too good to be true. "Prospective renters should always view a property beforehand, and obtain a phone number and office location for the landlord. When working with a REALTOR®, a business card would be provided," says RAHB President Bob Van de Vrande. "With increasing demand for rental housing, renters need to be extra cautious and exercise good judgement."
Jun 03 RAHB REALTORS® Release May Statistics
(Jun 3, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,344 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in May 2019. This is a 10.9 per cent increase from May last year, as well as a 9.6 per cent increase over April 2019 and a 30.2 per cent increase over March 2019. The average price for residential properties increased by 0.9 per cent from May 2018 to $593,702. "The number of sales increased double digits over last year and the number of new listings decreased by 5.2 per cent, indicating that we are in the thick of a busy spring market for sellers," says RAHB President Bob Van de Vrande. "And prices only increasing an average of 0.9 per cent over last year means buyers haven't watched prices soar while they find the perfect home."
May 09 REALTORS® raise $76,525 for the Children's Fund
(May 9, 2019 - Hamilton, Ontario) Many children throughout Hamilton and Burlington will have a brighter holiday season this year, thanks to the generosity of those who attended and contributed to the REALTORS® 4 Kids Charity Auction held on November 15, 2018. The REALTORS® Association of Hamilton-Burlington (RAHB) raised $76,525 for the 900CHML/Y108/Fresh Radio 953 Children's Fund through the Auction, which was held for its 30th year. "This goes to show that great things can happen when REALTORS® come together to support the children in our community," said Jack Loft, RAHB President. "The support our members and community show every year is amazing."
May 01 RAHB REALTORS® Release April Statistics
(May 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,226 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in April, 2019. This is a 6.3 per cent increase from April last year, as well as an 18.8 per cent increase over March 2019 and a 66.8 per cent increase over February 2019. The average price for residential properties increased by 3.9 per cent from April 2018 to $589,324. "It's encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017," says RAHB President Bob Van de Vrande. "Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for sellers."
Apr 01 RAHB REALTORS® Release March 2019 Statistics
(Apr 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,032 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in March, 2019. This is a 1.2 per cent drop from March last year; however, a 40 per cent increase over February 2019 and a 74 per cent increase over January 2019. The average price was up from March 2018 by 4.9 per cent to $575,099. "The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market," says RAHB CEO George O'Neill. "We experienced a two per cent increase in the number of listings over last year, which means more overall choice for buyers."
Mar 01 RAHB REALTORS® Release February 2019 Statistics
(Mar 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 735 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in February, 2019. This is a 4 per cent drop from February last year; however, a 24 per cent increase over January 2019. The average price was up from February 2018 by 1.9 per cent to $557,135. "Last year this time we saw the beginnings of a more balanced market," says RAHB CEO George O'Neill. "The data for January and February is trending upwards and could lead into a healthy spring market for both buyers and sellers."
Feb 04 RAHB REALTORS® Release January 2019 Statistics
(Feb 4, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 593 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January, 2019. This is a 3.6 per cent drop from the same month last year. The average price was up by 4.7 per cent to $550,058. The number of sales for single family properties within the entire RAHB market fell by 2.8 per cent compared to the same month last year, and the average sale price increased by 7 per cent.
Feb 04 RAHB REALTORS® Release 2018 Year End Statistics (REVISED)
(Feb 4, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) has revised the 2018 year-end market data and reports. Inconsistencies were found within the 2017 data related to listings posted on multiple MLS® systems. These "double listings" resulted in the sales and listings figures being higher than what actually took place in 2017. In August of 2017 RAHB and the Ontario Regional Technology & Information Systems Inc. (ORTIS) entered into a data sharing agreement, whereby a REALTOR® would be able to view a property on both MLS® systems without having to list it on both.
Jan 02 RAHB REALTORS® Release December Statistics
(Jan 2, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210. Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008.
Dec 05 RAHB REALTORS® Release November Statistics
(Dec 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 862 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November, 2018. This is a 17.1 per cent decrease from the same month last year. Year to date, sales are 17.4 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent), was 71.2 per cent - the low end of a seller's market. For comparison, in November 2017 the ratio was 69.9 per cent.
Nov 05 RAHB REALTORS® Release October Statistics
(Nov 5, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October, 2018. This is a 13.1 per cent decrease from the same month last year. Year to date, sales are 17.7 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 60.1 per cent. This is higher than last month and on the cusp of returning to a seller's market. For comparison, in October 2017 the ratio was 65.5 per cent.
Oct 03 RAHB REALTORS® Release September Statistics
(Oct 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 948 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September, 2018.This is a 4.6 per cent increase over the same month last year. Year to date, sales are 18.8 per cent lower than last year at this same time. The Sales to New Listings Ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 50.1 per cent. This indicates the overall residential market for the RAHB area is in a balanced position (between 40 to 60 per cent). Last year for September, the ratio was at 43.7 per cent - still considered balanced but trending towards a buyers' market.
Sep 06 RAHB REALTORS® Release August Statistics
(Sep 6, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,089 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in August, 2018, less than one percent more than the same month last year and 2.9 per cent fewer than the 10-year average for the month. Residential freehold sales were exactly the same as August of last year, while condominium sales were 2.9 per cent higher. New residential listings were three per cent lower than the same month last year, and 4.5 per cent lower than the 10-year average.
Aug 03 RAHB REALTORS® Release July Statistics
(Aug 3, 2018 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,072 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in July 2018, 4.7 per cent fewer than the same month last year and 16.3 per cent fewer than the 10-year average for the month. Residential freehold sales were 3.2 per cent lower, and condominium sales were 11.5 per cent lower, than July last year. New residential listings were 8.4 per cent lower than the same month last year, but 1.5 per cent higher than the 10-year average.
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