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.
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
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!