Current Market Statistics for June 2021

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

Residential Market Activity 

The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,607 sales of residential properties within the RAHB market area for June 2021. It was also reported that sales were down 11 per cent since the previous month, but had an increase of 23 per cent since June 2020. When it came to new listings, there were a reported 11 per cent decrease since May 2021, but there was a 10 per cent increase as of last June. The average price of a residential property was reported to be $865,339 for June 2021. This was a 2 per cent increase from the previous month and an increase of 28 per cent when compared to June 2020. Inventory was 8 pre cent lower than it had been in may 2021. 

The above chart, Residential Market Activity, allows us to see each neighbourhood in the Hamilton and surrounding areas. We were able to see what the average cost of a residential property was and how many sales each neighbourhood had. Then we are able to compare those numbers to the same time the previous year. The area that had the highest number of sales for June 2021 was the Hamilton Mountain, with a total of 226 sales and an average property price of $730,448. The area that had the highest average property price was Ancaster, $1,219,829, this area had a total of 76 sales for June 2021. Let's now take a look at the map below, Average Price by District and get an even closer look at Hamilton's real estate statistics for June 2021.

verage-price-by-district-june-2021

Average Price by District 

The above map, Average Price by District, helps to illustrate each neighbourhood in the Hamilton and surrounding areas. The sub areas that we need to take note of for June 2021 were; 17, 42, 46, 51 and 53. Each of these sub areas had the highest number of sales, you're also able to see what the average price of a residential property was in each sub area. 

Ancaster had the highest average property price for June 2021 at $1,219, 829 and had a total of 76 sales. The Hamilton Mountain had the most sales for the month with a total of 226 sales and and average property price of $730,448. The sub area that had the highest number of sales was area 51, which is located in Stoney Creek and had a total of 83 sales and an average property price of $753,372. We can now turn our attention to the final chart, Hamilton Residential Table and get a closer look at how Hamilton's real estate sales and more did in June 2021. 

hamilton-residential-table-june-2021

Hamilton Residential Table 

The final chart we are going to review today is the, Hamilton Residential Table, this chart allows us to get a closer look at the overall real estate statistics for June 2021. There were a reported 966 sales in the Hamilton area, that's a 12 per cent increase compared to the same time last year. The average cost of a property was $787,758, which is a 28 per cent increase compared to June 2020. When it came to how many days a property was on the market, there was a average of 9 days, three days less than the same time last year. 

REALTORS® Association of Hamilton-Burlington June 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,607 sales for June 2021. In June 2021 there was a decrease of 11 per cent when it came to sales, but a 23 pre cent increase compared to June 2020. The average price of a residential property was reported to be $865,339, which was an increase of 2 per cent from last month and an increase of 28 per cent from June 2020.

When it came to detached single family homes, the average benchmark price was $932,700, which is a 30 per cent gain on a year-over-year basis in June 2021. While the benchmark price for price for a townhouse was $672,300, this was a 26 per cent increase compared to the same time last year. Finally when it came to apartment-style properties, the benchmark price was $552,900, which is an increase of 19 per cent from "year-ago levels."

“June’s home sales marked one of the strongest levels on record for this month. Year-over-year gains are expected to become more modest and may even be negative in the months ahead as we reach a crossover period where sales in 2020 roared back to life and sales this year are cooling off after a blistering pace. With new listings only back around average levels this has done nothing to lift overall inventories from record lows. While market conditions remain historically tight with demand far outpacing supply, we are seeing average sale prices remain stable.” - Donna Bacher, President of the REALTORS ® Association of Hamilton-Burlington.

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 June 2021.

Contact a Sales Representative at Judy Marsales

Do you have any questions about these May 2021 real estate statistics? Please contact one of Judy Marsales sales representatives at any of our three locations. Have you ever wondered what you home might be worth? Try out our What's My Home Worth calculator!

Residential Market Activity Reports

Real Estate News

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DateHeadline/Summary
Jul 05 RAHB MLS® Home Sales Post Third Best June on Record as Supply Continues to Fall
(Jul 5, 2021 - Hamilton, Ontario) The number of homes sold through the MLS® System of the REALTORS® Association of Hamilton-Burlington (RAHB) totaled 1,607 units in June 2021. This was an advance of nearly 10 per cent from June 2020. Home sales were 14 per cent above the five-year average and 11 per cent above the 10-year average for the month of June. On a year-to-date basis, home sales totaled a record 9,518 units over the first six months of the year. This was up sharply by 57 per cent from the same period in 2020.
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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