Current Market Statistics for May 2021

residential-market-activity-for-rahb-areas-may-2021

Residential Market Activity

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,811 sales of residential properties in May 2021. Sales were reported to be down 5 per cent compared to last month, and up 90 per cent from May 2020. New listings were reported to be down by 14 per cent compared to April 2021, and up 73 per cent from May 2020. The average price of a residential property for the entire RAHB market area was, $843,468, which is only a 1 per cent decrease from April 2021. There was a 29 per cent decrease when compared to May 2020. When it came to inventory that was available at the end of last month it was 6 per cent lower than April 2021. 

The above chart, Residential Market Activity, we can see how each neighbourhood in the Hamilton and surrounding area did when it came to sales and the average price of a property. The area that had the most sales for May 2021 was the Hamilton Mountain with a total of 249 sales, and with an average price of $736,782. When it came to the area with the highest average residential property price for May, it was Ancaster. The average price of a property in this area was $1,186,037, with a total of 81 sales. We can now take a look at the below map and get an even closer look at each area. 

average-price-by-district-may-2021

Average Price by District 

The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 16, 42, 46, 50, 51 and 53.

Each of these areas had the highest number of sales for May 2021 and when you look at each of these areas you're also able to see what the average price was. Ancaster had the highest average price for a property at $1,186,037 and had a total of 81 sales. While the sub area 51 had the highest number of sales with the total being 114 and had an average property price of $815,104. it's now time to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for May 2021. 

hamilton-residential-table-may-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, we can get an even closer look at the overall statistics for Hamilton. There were a reported 1,137 sales of residential properties in the Hamilton area, that’s a 90 per cent increase compared to the same time last year. The average cost of a property was $792,746, which is a 31 per cent increase compared to May 2020. The average days a property was on the market was 12.7 days, that’s 17.5 days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington May 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,811 sales of residential properties in May 2021. When we look at the sales for May we can see that there was 5 per cent decrease compared to the previous month but there was a 90 per cent increase compared to the same time last year. The average price of a residential property was $843,468, that's only a 1 per cent decrease from April 2021.

When it came to the number of sales of detached single family homes, RAHB reported a 4 per cent decrease compared to the previous month, with the average sale price having a 1 per cent decrease, $940,384. Townhouses saw a 10 per cent decrease in sales as well with an an average sale price of $714,695. When it came to Apartment-style properties, there was a 4 per cent increase compared to April 2021, with an average price of $532,030.

“In May 2021, the RAHB market area saw a very slight decrease in sales and number of properties being listed as compared to April 2021. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis – especially in a spring market.” - 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 to the Hamilton Real Estate Statistics for May 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these April 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at one of our three locations. If you've been wondering what you home is worth, you can try our What's My Home Worth calculator. All of us at Judy Marsales are looking forward to working with you soon! 

Residential Market Activity Reports

Real Estate News

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DateHeadline/Summary
Jun 03 RAHB Market Area Saw Slight Decrease in Sales Activity and Average Price in May Compared to the Previous Month
(Jun 3, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,811 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in May 2021. While sales were down five per cent since last month, they were up 90 per cent since May 2020. New listings were down 14 per cent since last month and up 73 per cent as of last May. The average price for residential properties was $843,468 which was down one per cent from last month and up 29 per cent from May 2020. The inventory available at the end of the month was 0.6 per cent lower than last month.
May 04 RAHB Market Area Seeing Signs of Stabalization
(May 4, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,906 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2021. While sales were down eight per cent since last month, they were up 245 per cent since April 2020. New listings were down three per cent since last month and up 191 per cent as of last April. The average price for residential properties was $855,455 which was down two per cent from last month and up 39 per cent from April 2020. The inventory available at the end of the month was 23 per cent higher than last month.
Apr 06 Sales and New Listings Skyrocket in March
(Apr 6, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 2,074 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in March 2021. Sales were up 63 per cent since last month and up 73.1 per cent since March of last year. New listings were up 65 per cent since last month and up 53 per cent as of last March. The average price for residential properties was $872,368 which was up three per cent from last month and up 32 per cent from March 2020. The inventory available at the end of the month was 39 per cent lower than the previous period in 2020.
Mar 02 Average Price Continues to Grow Amidst Pandemic-Induced Market Conditions
(Mar 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,271 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in February 2021. Sales were up 54 per cent since last month and up 14.9 per cent since February of last year. New listings were up 61.9 per cent since January 2021 and up 12.2 per cent as of last February. The average price for residential properties was $848,719 which was up 7.7 per cent from last month and up 29.5 per cent from February 2020. The number of active listings available at the end of the month was 44.1 per cent lower than the previous period in 2020.
Feb 02 RAHB Market Area Sees Double Digit Year-Over-Year Increase in Average Sale Price
(Feb 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 825 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January 2021. Sales were down 9.6 per cent over last month but up 6.9 per cent over January of last year. New listings were up 47.3 per cent over December 2020 and down 16.2 per cent over last January. The average price for residential properties was $787,840, which was up 7.9 per cent from last month and up 27.6 per cent from January 2020. The number of active listings available at the end of the month was 53.2 per cent lower than the previous period in 2020.
Jan 26 RAHB REALTORS® Release 2020 Year-End Statistics: RAHB Market Exceeds Expectations
(Jan 26, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 14,863 sales of residential properties processed through the Multiple Listing Service® (MLS®) System in 2020. This is an 8.4 per cent increase from 2019. The average price of a residential property in 2020 was $690,002. This is up 16.8 per cent from 2019. The average price in 2010 was $310,258 which represents a 125.4 per cent increase. New residential listings were down 7.6 per cent compared to 2019. "After a slight slowdown in March and April, the RAHB real estate market rebounded with abundance, creating record break numbers throughout 2020," says RAHB's 2021 President, Donna Bacher. "The 2020 real estate market was faced with uncertainly; however, RAHB REALTORS® worked together to ensure that the buying process was done safely and efficiently. Looking to 2021, we don't know what the future holds; we do know for certain that RAHB REALTORS® will continue to work diligently to keep both buyers and sellers safe."
Jan 05 Untraditional year ends with an untraditional December: RAHB market saw a sizeable boost
(Jan 5, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) eported 913 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December 2020. Sales were down 25.95 per cent over last month, but up 41.6 per cent over December of last year. New listings were down 47.87 per cent over November 2020 and up 34 per cent over last December. The average price for residential properties was $729,853, which was up 1.04 per cent from last month and up 25.4 per cent from December 2019. The number of active listings available at the end of the month was 52.2 per cent lower compared to the previous year.
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