Current Market Statistics for August 2021

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

Residential Market Activity

The The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,201 sales of residential properties within the RAHB market area for August 2021. Sales were reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year.

When it came to new listings also saw a decrease, they were down 9 per cent from July 2021 and down 15 per cent when compared to August 2020. The average cost of a residential property for the entire RAHB market area for July 2021 was reported to be $839,881. That was a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

The above chart, Residential Market Activity, let’s us see how Hamilton and surrounding areas did in terms of sales and what the average price of a residential property was in August 2021. We can then compare the average cost of a residential property to the same time the previous year. The chart also allows us to see how many properties were sold during the month and compare the numbers to the previous year.

it was reported that the Hamilton Mountain had the highest number sales, with a total of 174 and an average property price of $731,673. The area that had the highest average property price was Flamborough. The average property price in Flamborough was reported to be $1,354,803 in August 2021. This area also reported a total of 22 sales for the month, a slight decrease when compared to the same time last year. Let's now take a look at the map below and get an even closer look at how Hamilton and the surrounding areas did in terms of sales and property prices for August 2021. 

average-residential-price-by-district-august-2021

Average Price by District

The above map, Average Price by District, illustrates each neighbourhood within the Hamilton and surrounding areas. The aub areas that we should take note of for August 2021 are; 16, 17,42, 46 and 51. Each of these sub areas had the highest number of sales for the month. 

Flamborough once again had the highest average property price when compared to all other areas. The cost of a property in this area was reported to be $1,354,803, with a total of 22 sales for August 2021. As mentioned above, the neighbourhood with the highest number of sales was the Hamilton Mountain. With a total of 174 sales and an average residential property price of $731,673. The sub area with the highest number of sales was area 51, with a total of 67 sales, this area is located in Stoney Creek. The average residential property price in area 51 was $799,021. It’s time to take a look at our final chart, the Hamilton Residential Chart and get a closer look at how Hamilton's real estate market did in August 2021.

hamilton-residential-table-aug-2021

Hamilton Residential Chart

Our final chart to review is the, Hamilton Residential Chart. This chart allows us to see the overall real estate statistics for August 2021. In Hamilton there were a total of 766 sales, this is a decrease of 22 per cent when compared to the same time last year. When it came to the average cost of a residential property it was reported to be $779,486, that’s an 18 per cent increase compared to August 2020. 

REALTORS® Association of Hamilton-Burlington July 2021 Statistics

The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of, 1,201 sales for August 2021. When it came to sale, it was reported to be down five per cent when compared to July 2021, and were also reported to be down five per cent when compared to the same time last year. The average price of a residential property was reported to be $839,881, a decrease of one per cent from the previous month and 21 per cent compared to the same time last year.

It was reported that detached homes the RAHB area saw a bit of an increase when it came to the average price compared to July 2021. However, there was a 10 per cent decrease in detached homes in August. Townhouse sales had a decrease in sales compared to July 2021. With the number new listings of townhouses having a 20 per cent decrease, and the average sale price had a 2 per cent decrease to $746,339. Apartment-style properties in the RAHB market area had a 10 per cent decrease when it came to new listings in August 2021, with an average price of $530,732, which is a 2 per cent increase.

“In line with seasonal trends, July and August tend to have fewer new listings and sales which is exactly the case here. Even though we have fewer active listings and sales, we are also seeing a slight dip in the average sale price. Overall the same story continues and that is that the level of inventory remains at critical low levels. We definitely need more supply on the 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 August 2021. 

Contact a Sales Representative at Judy Marsales

If you have any questions about the August 2021 statistics please contact one of our sales representatives and they will be happy to help. If you’ve ever wondered what you home is worth you can give our What’s My Home Worth calculator a try. All of us at Judy Marsales are looking forward to working with you soon and helping to find the house of your dreams.

Residential Market Activity Reports

Real Estate News

← Older Newer →
DateHeadline/Summary
Sep 02 RAHB Market Area Sees Record Lows for Inventory
(Sep 2, 2021 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,201 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in August 2021. Sales were down five per cent since last month, and they were also down five per cent since August 2020. New listings were down nine per cent since last month and down 15 per cent since last August. The average price for residential properties was $839,881 which was a decrease of nearly one per cent from last month compared to an increase of nearly 21 per cent from August 2020. The inventory available remained unchanged from July 2021 at 0.8 months of inventory.
Aug 05 Average Price Holds Steady in RAHB Market Area as Inventory Remains at Record Lows
(Aug 5, 2021 - Hamilton, Ontario) The number of homes sold through the MLS® System of the REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,275 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in July 2021. Sales were down 20 per cent since last month, and they were down 20 per cent since July 2020. New listings were down 24 per cent since last month and down 20 per cent since last July. The average price for residential properties was $847,104 which was a decrease of two per cent from last month and up 22 per cent from July 2020. The inventory available at the end of the month remained at 0.8.
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.
← Older Newer →