Hamilton Real Estate Market – November 2019
The 2019 real estate market in Hamilton is coming to a close, and the trend for the year is that buyers are choosing more affordable properties.
Hamilton remains far more affordable than Burlington and offers more options for properties available for sale.
The average sale price in Burlington for November was $787,957 and only 230 new listings became available compared to 713 in Hamilton. There were nearly 100 fewer new listings on the market last month, only 713 compared to 826 in 2018.
The average sale price in Hamilton for November 2019 was $535,944 – a modest increase of just over 6 per cent from $504,761 in 2018.
Condos in Hamilton saw the biggest increase in average sale price at 8 per cent, bringing the average sale price to $325,391 from $298,999 in November 2018.
This is a good time to start preparing to sell your home if you were thinking of listing it for sale. Click here to find out how much your home is worth.
Surprisingly, even with almost 14% fewer new listings on the market this year – condos in Hamilton stayed on the market a bit longer last month compared to the same time last year, with an average of 45.3 days on the market compared to 36.6 in 2018.
Detached and semi-detached homes are selling faster this year compared to last, both averaging roughly 30 days on the market.
Central Hamilton is still the most affordable option on average for buyers, the average sale price in November was $402,147. Click for homes under $400,000 in Hamilton.
East Hamilton real estate is also a great choice, the average sale price was $417,385 during November 2019.
Send me a message if you have any questions about real estate in Hamilton.