Hamilton Real Estate Market February 2020

Hamilton real estate market, JFebruary 2020, Hamilton house prices, Hamilton new listings, Hamilton Days on Market, Burlington real estate, Haldimand real estate, Niagara real estate, Hamilton house prices, hamilton condo prices, hamilton townhouse prices
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Hamilton Real Estate Market February 2020

The Hamilton real estate market in February was hot, hot, hot!

998 homes were sold in the Hamilton-Burlington area last month, that’s 30 per cent more than January and 25.5 per cent more than February 2019!

We are definitely in a sellers’ market right now, with a high demand for properties under $600k.

The average price of a home in Hamilton last month was $588,817, up from $518,259 in February 2019.

Townhouse prices increased by 19.4 per cent since February last year to $584,944.

The average sale price of condos in Hamilton is $346,250, making it an affordable option for first-time buyers or anyone looking to downsize. They are also selling more slowly than detached or semi-detached/townhomes.

Properties are selling nearly 19% faster compared to last year with 34.1 average days on market compared to 42 in February 2019.

The average sale price in West Hamilton was $562,850 compared to $511,842 last year.

Hamilton East is $454,904, up 18.49 per cent since last year.

Central Hamilton usually is the most affordable, but it had an average sale price of $464,864, a higher average sale price than east Hamilton for the first time in a while.

Hamilton Mountain was $542,382 last month, up 9.64% since last year.

Questions about buying, selling, or investing in Hamilton real estate? Contact me.