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.
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.
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.