Current Market Statistics for March

residential-market-activity-rahb-areas-march-2019

In the chart above, Residential Market Activity, we can see that the hot areas in Hamilton remain the same as they did last month. Those areas are Hamilton Mountain with 154 sales and Stoney Creek with 104 sales. Other areas to note are Hamilton East with 89 sales and Hamilton Centre with 83 sales for March 2019. You are also able to compare each area with March 2018 and see how they have increased or decreased. 

average-price-by-district-march-2019-ham

The above map, Average Residential Price by District, we get a great overview of Hamilton. We can see the average price of a property in each area. From the Bay to the Escarpment we can see that March 2019 was a strong (sub areas 16, 18, 20, 42, 53). And we can see that Flamborough and Ancaster remain the areas with the highest costing properties (sub areas 40, 42, 43, 44, 45). 

hamilton-residential-table-march-2019

Finally we have the Hamilton Residential Table, indicating to us that Hamilton has done very well for the month of March 2019. New listings increased by 4% with a total of 1,108 new listings. The average days a property was on the market was 17 days, only a small increase compared to the same time last year. And the average cost of a property was $519,309 a 6% increase from the same time last year. There was also a total of 649 sales, this was only slightly less than March 2018 with a difference of only 2%. 

RAHB Statistics for Hamilton

In March 2019 there was only a 1% drop and a 40% increase over February 2019. And there was a 74% increase over January 2019. We saw the average cost of a home increase by 4% to $575,099 from March 2018. 

“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market. We experienced a 2% increase in the number of listings over last year, which means more overall choice for buyers.” - RAHB CEO George O’Neill

Are you considering selling your home? You should get in touch with one of our sales representatives. They will be happy to go over the market stats with you and discuss possible next steps. And if you're wondering what your home is worth, try our what's my home worth calculator. 

Real Estate News

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DateHeadline/Summary
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.
Jan 15 RAHB REALTORS® Release 2018 Year End Statistics
(Jan 15, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 11,882 sales of all properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in 2018. This is 17.5 per cent fewer sales than in 2017. The total dollar volume of sales was also down from the previous year, and was more in line with the volumes of 2013 and 2014. This also resulted in a one per cent decrease in the average sale price for all properties for the year - $566,328.
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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